Fountainhead Inc
- Assets
- $5.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 70
- Location
- Dublin, CA
- Founding
- 08/1974
- Data as of
- 06/2024
- EIN
- 94-2246599
Organization Overview
Fountainhead Inc is located in Dublin, CA. The organization was established in 1974. 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, Fountainhead Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountainhead 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 06/2024, Fountainhead Inc generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $4.7m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 6 years. 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
OPERATION OF PRE-SCHOOLS USING THE MONTESSORI METHOD.PROVIDING AFTER PRE-SCHOOL CARE IN A SAFE AND SECURE ENVIRONNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE/MISSION IS TO PROVIDE PRE-SCHOOL EDUCATION USING MONTESSORI METHOD. SCHOOLS ALSO PROVIDE A SECURE AND SAFE ENVIRONMENT VIA AFTER SCHOOL CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shandy Cole Executive Dir. | Trustee | 40 | $122,608 |
Sarah Zimmerman President | Trustee | 10 | $58,885 |
John Lindl Treasurer | Trustee | 4 | $27,582 |
George Zimmerman Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,583 |
| 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 | $179,583 |
| Total Program Service Revenue | $4,537,895 |
| Investment income | $198,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,161,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,077,720 |
| 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. | $209,075 |
| Compensation of current officers, directors, key employees. | $209,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,282,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $304,648 |
| Payroll taxes | $214,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,923 |
| Fees for services: Accounting | $82,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,952 |
| Office expenses | $47,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $944,881 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,815 |
| Interest | $97,438 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,424 |
| Insurance | $118,465 |
| All other expenses | $6,125 |
| Total functional expenses | $4,653,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,501,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $228,175 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,941,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,714,483 |
| Accounts payable and accrued expenses | $213,914 |
| Grants payable | $0 |
| Deferred revenue | $331,576 |
| 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 | $1,780,760 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $328,241 |
| Total liabilities | $2,654,491 |
| Net assets without donor restrictions | $3,059,992 |
| 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 | $5,714,483 |