Solid Foundation Preschool
- Assets
- $96.5k
- Revenue
- $538.9k
- Investments
- $0.0
- Employees
- 26
- Location
- Hutto, TX
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-3760777
Organization Overview
Solid Foundation Preschool is located in Hutto, TX. The organization was established in 2019. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Solid Foundation Preschool employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solid Foundation Preschool is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Solid Foundation Preschool generated $538.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 71.1% each year . All expenses for the organization totaled $459.8k during the year ending 12/2021. While expenses have increased by 69.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE AUTHENTIC LEARNING EXPERIENCES FOR CHILDREN WHILE FOSTERING EACH CHILD'S INTELLECTUAL SOCIAL PHYSICAL AND SPIRITUAL DEVELOPMENT IN AN ACADEMIC-RICH ENVIRONMENT. WE PREPARE YOUNG CHILDREN FOR THEIR FUTURE SUCCESS BY TEACHING THE WHOLE CHILD AND WE PROVIDE A SAFE PLACE FOR THE MEMBERS OF OUR COMMUNITY TO SEND THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A CHRISTIAN PRESCHOOL THAT TAUGHT AND CARED FOR 134 CHILDREN FROM JANUARY-DECEMBER 2021. WE EMPLOYED 20 TEACHERS WHO CAREFULLY PLANNED DAILY LESSONS. WE PURCHASED TECHNOLOGY TO ENHANCE LESSONS. DURING THE POST PANDEMIC WORLD WE WERE ABLE TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR PARENTS TO SEND THEIR CHILDREN 5 DAYS A WEEK. WE HAD A KINDERGARTEN CLASS OF 12 CHILDREN THAT SUCCESSFULLY MOVED TO FIRST GRADE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vickie Hammerlun Officer | Officer | 3 | $0 |
Shelly Aday Officer | Officer | 4 | $0 |
Temple Aday Director | Trustee | 1 | $0 |
Aaron Kozak Director | Trustee | 2 | $0 |
Robert Pruitt Director | Trustee | 2 | $0 |
Riley Pruitt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,810 |
| Total Program Service Revenue | $475,520 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,296 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $576 |
| Office expenses | $26,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,938 |
| Travel | $270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,352 |
| All other expenses | $0 |
| Total functional expenses | $459,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $92,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$4,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,160 |
| Intangible assets | $0 |
| Other assets | $7,154 |
| Total assets | $96,520 |
| Accounts payable and accrued expenses | -$7,826 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$8,403 |
| Total liabilities | -$16,229 |
| Net assets without donor restrictions | $112,749 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $96,520 |
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