Banana Fana Preschool Inc
- Assets
- $204.0k
- Revenue
- $652.1k
- Investments
- $0.0
- Employees
- 8
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-2978150
Organization Overview
Banana Fana Preschool Inc is located in San Francisco, CA. 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, Banana Fana Preschool Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banana Fana Preschool Inc 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, Banana Fana Preschool Inc generated $652.1k in total revenue. All expenses for the organization totaled $547.4k during the year ending 12/2022. While expenses have increased by 126.9% per year over the past 2 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 LOCATION IS A NONPROFIT PRESCHOOL TO HELP SUPPORT OUR COMMUNITY IN SEVERAL WAYS. WE WILL STRIVE TO OFFER AFFORDABLE PRESCHOOL FOR FAMILIES THAT NEED THE SUPPORT FROM THEIR COMMUNITY TO ENROLL THEIR CHILD INTO A HIGH-QUALITY CHILDCARE IN A DIVERSE ENVIRONMENT. AS A NONPROFIT WE WILL AIM TO SUPPORT OUR EDUCATORS AND THEIR FAMILIES WITH BENEFITS THAT WILL HELP THEM FEEL SECURE ABOUT THEIR FUTURE AND THEIR FAMILIES. EARLY CHILDHOOD EDUCATOR TURNOVER IS HIGH AND IN ORDER TO RETAIN TEACHERS, WE PROMISE TO HEAR THEM TO PREVENT "TEACHER BURNOUT." OUR EDUCATORS ARE DEDICATED AND PASSIONATE. WE ARE PROUD TO BE AN ELS PROGRAM TO SERVE FAMILIES IN SAN FRANCISCO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFER AFFORDABLE PRESCHOOL SERVICES TO OVER 30 FAMILIES WITH HELP AND SUPPORT FROM THEIR COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Morales-Nova Ceo/presiden | OfficerTrustee | 40 | $78,707 |
Alicia Reyes Urbina Secretary | OfficerTrustee | 1 | $41,026 |
Frank Lim Treasurer | OfficerTrustee | 2 | $0 |
Dickmar Nova Board Member | Trustee | 1 | $0 |
Evelyn Nichols Board Member | Trustee | 1 | $0 |
Rama Kased Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $191,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,068 |
| Total Program Service Revenue | $459,901 |
| Investment income | $3 |
| 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 | $652,097 |
| 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. | $119,733 |
| Compensation of current officers, directors, key employees. | $77,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,257 |
| Pension plan accruals and contributions | $6,446 |
| Other employee benefits | $47,894 |
| Payroll taxes | $28,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,010 |
| Fees for services: Accounting | $3,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,963 |
| Office expenses | $1,307 |
| Information technology | $749 |
| Royalties | $0 |
| Occupancy | $85,173 |
| Travel | $317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105 |
| Interest | $1,091 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,222 |
| All other expenses | $3,587 |
| Total functional expenses | $547,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,326 |
| 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 | $730 |
| Net Land, buildings, and equipment | $54,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,005 |
| Accounts payable and accrued expenses | $2,975 |
| 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 | $25,527 |
| Secured mortgages and notes payable | $45,049 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,551 |
| Net assets without donor restrictions | $130,454 |
| 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 | $204,005 |