Precious Lamb Preschool Inc
- Assets
- $1.2m
- Revenue
- $988.0k
- Investments
- $0.0
- Employees
- 18
- Location
- Long Beach, CA
- Founding
- 04/2000
- Data as of
- 06/2021
- EIN
- 95-4772800
Organization Overview
Precious Lamb Preschool Inc is located in Long Beach, CA. The organization was established in 2000. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Precious Lamb Preschool Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Precious Lamb 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 06/2021, Precious Lamb Preschool Inc generated $988.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $691.9k during the year ending 06/2021. While expenses have increased by 8.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHRIST-CENTERED EDUCATION AND CARE TO CHILDREN AND FAMILIES SUFFERING HOMELESSNESS. THROUGH NURTURE AND EDUCATION, PRECIOUS LAMB PRESCHOOL IS A TANGIBLE SUPPORT, BRINGING HOPE, RESTORATION, STABILITY AND EMPOWERMENT TO HOMELESS CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FULL-DAY EARLY CHILDHOOD EDUCATION AND CHILD CARE TO 31 CHILDREN OF LOW INCOME AND HOMELESS FAMILIES LIVING IN HOMELESS SHELTERS OR TRANSITIONAL PROGRAMS WITHIN THE GREATER LONG BEACH AREA WITH A TEACHER-CHILD RATIO TO MEET CHILDREN SPECIAL NEEDS. ALSO, PROVIDED PARENT EDUCATION PROGRAMS AT ITS ONSITE FACILITIES AND LOCAL SHELTERS TO HOMELESS PARENTS WITHIN THE GREATER LONG BEACH AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lailanie Jones Executive Dir. | Officer | 40 | $71,000 |
Tony Gales Treasurer | OfficerTrustee | 2 | $0 |
Linda Perry Secretary | OfficerTrustee | 5 | $0 |
Randy Gordon Chairman | OfficerTrustee | 5 | $0 |
Scott Gilmore Director | Trustee | 2 | $0 |
Mark Mcguire Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,462 |
| Related organizations | $0 |
| Government grants | $105,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $720,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $974,863 |
| Total Program Service Revenue | $0 |
| Investment income | $13,141 |
| 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 | $988,004 |
| 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. | $75,070 |
| Compensation of current officers, directors, key employees. | $11,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,659 |
| Payroll taxes | $34,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,605 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,605 |
| Office expenses | $8,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,010 |
| 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 | $7,740 |
| Insurance | $21,717 |
| All other expenses | $27,767 |
| Total functional expenses | $691,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,122 |
| 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 | $29,474 |
| Investments—publicly traded securities | $804,991 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,159,587 |
| Accounts payable and accrued expenses | $45,039 |
| 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 | $96,938 |
| Total liabilities | $141,977 |
| Net assets without donor restrictions | $847,321 |
| Net assets with donor restrictions | $170,289 |
| 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 | $1,159,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Precious Lamb Preschool Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: CONSTRUCTION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Family Inc Morgan Hill, CA | $29,840,400 | $76,356,532 |
Doral Academy Of Nevada Las Vegas, NV | $131,957,708 | $48,898,160 |
Child Parent Centers Inc Tucson, AZ | $16,878,130 | $37,963,883 |
Los Angeles Universal Preschool Los Angeles, CA | $9,025,179 | $26,158,862 |
Kamaaina Care Inc Kailua, HI | $16,893,608 | $29,363,431 |
Plaza De La Raza Child Development Services Inc City of Industry, CA | $2,591,767 | $20,694,793 |
Child Start Incorporated Napa, CA | $8,014,837 | $18,886,545 |
Institute For Human & Social Development Inc San Mateo, CA | $7,306,180 | $14,787,145 |
Keys Family Day School Inc Palo Alto, CA | $33,258,594 | $15,731,611 |
The San Francisco School San Francisco, CA | $30,677,373 | $14,481,306 |
Hanalani Schools Mililani, HI | $23,961,358 | $16,139,886 |
Berkeley Hall School Foundation Los Angeles, CA | $27,121,443 | $12,682,160 |