Solid Foundation Preschool
- Assets
- $239.7k
- Revenue
- $903.7k
- Investments
- $0.0
- Employees
- 29
- Location
- Hutto, TX
- Founding
- 09/2019
- Data as of
- 12/2022
- 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 12/2022, Solid Foundation Preschool employed 29 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 12/2022, Solid Foundation Preschool generated $903.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.3% each year . All expenses for the organization totaled $753.0k during the year ending 12/2022. While expenses have increased by 68.1% per year over the past 4 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
2022
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 OPERATE A CHRISTIAN PRESCHOOL THAT PREPARES CHILDREN FOR ELEMENTARY SCHOOL. OUR PROGRAM PROVIDES CHILDREN WITH A SOLID FOUNDATION FOR SUCCESS IN ACADEMICS AND LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Temple Aday Director | Trustee | 1 | $0 |
Aaron Kozak Director | Trustee | 2 | $0 |
Alaina Pruitt Director | Trustee | 1 | $0 |
Riley Pruitt Director | Trustee | 1 | $0 |
Robert Pruitt Director | Trustee | 2 | $0 |
Shelli Aday President | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,663 |
| Related organizations | $0 |
| Government grants | $269,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,163 |
| Total Program Service Revenue | $627,730 |
| 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 | -$1,699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $903,690 |
| 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. | $219,795 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,251 |
| 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 | $680 |
| Advertising and promotion | $395 |
| Office expenses | $7,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,411 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278 |
| Insurance | $1,456 |
| All other expenses | $22,323 |
| Total functional expenses | $753,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$7,846 |
| 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 | $2,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,705 |
| Total assets | $239,707 |
| Accounts payable and accrued expenses | -$22,894 |
| 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 | $0 |
| Total liabilities | -$22,894 |
| Net assets without donor restrictions | $262,601 |
| 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 | $239,707 |