Lancaster Preschool
- Assets
- $544.8k
- Revenue
- $626.3k
- Investments
- $0.0
- Employees
- 45
- Location
- Greensboro, NC
- Founding
- Data as of
- 06/2024
- EIN
- 84-4717197
Organization Overview
Lancaster Preschool is located in Greensboro, NC. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, Lancaster Preschool employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster 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 06/2024, Lancaster Preschool generated $626.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $521.8k during the year ending 06/2024. While expenses have increased by 8.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LANCASTER PRESCHOOL WILL OPERATE AS A NONDENOMINATIONAL CHRISTIAN PRESCHOOL THAT AIMS TO PROVIDE THE BEST POSSIBLE LEARNING EXPERIENCE FOR CHILDREN 15 MONTHS TO SIX YEARS OF AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY FUNCTION IS THE PRESENTATION OF FORMAL INSTRUCTION. ACTIVITIES ARE CARRIED ON THROUGH A TRADITIONAL SCHOOL YEAR FROM SEPTEMBER THROUGH MAY FOR 126 STUDENTS AGED 15 MONTHS THROUGH KINDERGARTEN. THERE ARE ALSO SUMMER AND AFTER-SCHOOL PROGRAMS. ALL OF THESE CLASSES HAVE BEEN HELD IN PERSON THROUGHOUT THE ENTIRE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ramsey President | OfficerTrustee | 5 | $0 |
Rena Watson Director | Trustee | 1 | $0 |
Rachel Daly Director | Trustee | 1 | $0 |
Lauren Cook Director | Trustee | 1 | $0 |
Cristina Wright Director | Trustee | 1 | $0 |
Diane Murphy 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 | $13,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,868 |
| Total Program Service Revenue | $555,674 |
| Investment income | $3,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $626,267 |
| 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. | $35,500 |
| Compensation of current officers, directors, key employees. | $6,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,775 |
| Information technology | $1,526 |
| Royalties | $0 |
| Occupancy | $57,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,984 |
| Insurance | $6,123 |
| All other expenses | $9,246 |
| Total functional expenses | $521,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,573 |
| Savings and temporary cash investments | $303,549 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,520 |
| 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 | $7,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,440 |
| Other assets | $0 |
| Total assets | $544,824 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $99,436 |
| 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 | $99,436 |
| 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 | $445,388 |
| Total liabilities and net assets/fund balances | $544,824 |