Coastal Kids Preschool
- Assets
- $1.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 67
- Location
- Damariscotta, ME
- Founding
- 11/1991
- Data as of
- 06/2022
- EIN
- 22-3126832
Organization Overview
Coastal Kids Preschool is located in Damariscotta, ME. The organization was established in 1991. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Coastal Kids Preschool employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Kids 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 06/2022, Coastal Kids Preschool generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 9.8% per year over the past 7 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
PROVIDES AN INCLUSIVE ENRICHING LEARNING ENVIRONMENT FOR STUDENTS 15 MONTHS TO 7 YEARS OF AGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COASTAL KIDS PRESCHOOL IS AN INCLUSIVE PROGRAM IN DAMARISCOTTA, MAINE SERVING CHILDREN OF ALL INCOMES AND ABILITIES. THE SCHOOL OFFERS HIGH QUALITY, DEVELOPMENTALLY APPROPRIATE PRESCHOOL, AFTER SCHOOL, AND SUMMER CAMP PROGRAMS FOR STUDENTS FROM 15 MONTHS TO 7 YEARS OLD. ONE THIRD OF ITS LICENSED STUDENT SPACES ARE FOR CHILDREN WITH SPECIAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Conway Executive Director | Officer | 40 | $68,163 |
Lynn Cole Executive Director | Officer | 24 | $18,200 |
Patrick Parsons Director & President | OfficerTrustee | 4 | $0 |
Karen Mook Director & VP | OfficerTrustee | 4 | $0 |
Valerie Mattes Director & Secretary | OfficerTrustee | 3 | $0 |
Normand Saucier Director | OfficerTrustee | 6 | $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 | $1,378,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,378,493 |
| Total Program Service Revenue | $725,410 |
| Investment income | $80 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,098,880 |
| 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. | $86,363 |
| Compensation of current officers, directors, key employees. | $74,647 |
| Compensation to disqualified persons | $907,445 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,289 |
| Payroll taxes | $79,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,475 |
| Advertising and promotion | $1,578 |
| Office expenses | $28,099 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,632 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,659 |
| Insurance | $14,852 |
| All other expenses | $13,571 |
| Total functional expenses | $1,321,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,431 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,016 |
| 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 | $1,066,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,268,311 |
| Accounts payable and accrued expenses | $11,569 |
| 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 | $31,503 |
| Total liabilities | $43,072 |
| Net assets without donor restrictions | $1,221,567 |
| Net assets with donor restrictions | $3,672 |
| 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 | $1,268,311 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Coastal Kids Preschool has recieved totaling $52,139.
| Awarding Organization | Amount |
|---|---|
Burns Family Foundation Inc Damariscotta, ME PURPOSE: SUPPORT OF OPERATIONS | $30,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Children & Youth Services, COVID-19 Related Assistance | $21,550 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: EDUCATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Downeast Community Partners Inc Ellsworth, ME | $13,823,236 | $17,458,657 |
Shaw House Bangor, ME | $1,249,387 | $1,335,633 |
Coastal Kids Preschool Damariscotta, ME | $1,268,311 | $2,098,880 |
Seacoast Youth Services Seabrook, NH | $739,898 | $1,274,412 |
Mission 500 Inc South Portland, ME | $83,215 | $1,005,371 |
Maine Childrens Alliance Augusta, ME | $405,091 | $890,429 |
Circle Program Plymouth, NH | $3,221,151 | $698,690 |
Lil Iguanas Childrens Saftey Foundation Nashua, NH | $62,850 | $104,697 |
Lilliputian Montessori School North Conway, NH | $69,152 | $234,339 |
Cornerstone Policy Research Manchester, NH | $413,974 | $446,948 |
Seymour Osman Community Center And Youth Safe Haven Dover, NH | $160,479 | $324,821 |
Daughters Of Mary Mother Of Healing Love Manchester, NH | $2,369,665 | $254,808 |