Tri-Lakes Community Preschool
- Assets
- $180.6k
- Revenue
- $249.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Monument, CO
- Founding
- 02/1993
- Data as of
- 12/2022
- EIN
- 84-1194333
Organization Overview
Tri-Lakes Community Preschool is located in Monument, CO. The organization was established in 1993. 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, Tri-Lakes Community Preschool employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Lakes Community 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, Tri-Lakes Community Preschool generated $249.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $242.0k during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 8 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
TRI-LAKES COMMUNITY PRESCHOOL IS A NON-PROFIT ORGANIZATION OFFERING A HIGH QUALITY, DEVELOPMENTALLY APPROPRIATE PRESCHOOL PROGRAM FOCUSING ON THE FAMILY BEING A PARTNER IN THE CHILDS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRI-LAKES COMMUNITY PRESCHOOL IS A COOPERATIVE ORGANIZATION PROVIDING HIGH QUALITY, DEVELOPMENTALLY APPROPRIATE PRESCHOOL PROGRAMS THAT EMPHASIZE A DIVERSE, MULTICULTURAL APPROACH TO EDUCATION. THE SCHOOL PROVIDES A SAFE, POSITIVE AND CARING LEARNING ENVIRONMENT TO FOSTER A CHILDS GROWTH AND DEVELOPMENT TO ENABLE THEM TO ENTER THE PUBLIC-SCHOOL SYSTEM WITH AN ESTABLISHED SET OF EDUCATIONAL SKILLS AND BEHAVIORAL STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Fordham Executive Director | Officer | 40 | $64,552 |
Kim Somero Director | Officer | 0.5 | $0 |
Jordan Dailey Secretary | Officer | 0.5 | $0 |
Megan Kobeissi Director | Officer | 0.5 | $0 |
Hannah Levis President | Officer | 0.5 | $0 |
Becca Greer Director | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,229 |
| Total Program Service Revenue | $199,267 |
| 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 | $249,749 |
| 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. | $64,552 |
| Compensation of current officers, directors, key employees. | $64,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,354 |
| Pension plan accruals and contributions | $2,387 |
| Other employee benefits | $357 |
| Payroll taxes | $14,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $462 |
| Advertising and promotion | $0 |
| Office expenses | $5,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,934 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,615 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,989 |
| Insurance | $4,726 |
| All other expenses | $13,091 |
| Total functional expenses | $241,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,737 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $106,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,635 |
| Accounts payable and accrued expenses | $30 |
| 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 | $92,418 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $92,448 |
| Net assets without donor restrictions | $0 |
| 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 | $88,187 |
| Total liabilities and net assets/fund balances | $180,635 |