Ascension Lutheran Preschool is located in Marion, IA. The organization was established in 1982. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascension Lutheran 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 07/2023, Ascension Lutheran Preschool generated $61.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $69.7k during the year ending 07/2023. While expenses have increased by 10.4% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PRIMARY PURPOSE OF THE ASCENSION LUTHERAN PRE-SCHOOL IS TO PROVIDE PRESCHOOL EDUCATION IN ACHRISTIAN SETTING FOR CHILDREN 3-4 YEARS OF AGE.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Dittmer Directorteacher | 16.5 | $0 | |
Candy Riley Treasurer | 1.5 | $0 | |
Nancy Grindle President | 1 | $0 | |
Billie Leflore Vice President | 0.25 | $0 | |
Rogette Steele Secretary | 2.25 | $0 | |
Marcy Fratzke Teacherassociate Teacher | 12.5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,492 |
| Total Program Service Revenue | $34,650 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,184 |
| Other Revenue | $0 |
| Total Revenue | $61,346 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,065 |
| Professional fees and other payments to independent contractors | $958 |
| Occupancy, rent, utilities, and maintenance | $12,864 |
| Printing, publications, postage, and shipping | $1,073 |
| Other expenses | $8,764 |
| Total expenses | $69,724 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,992 |
| Other assets | $0 |
| Total assets | $25,992 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,992 |