First Presbyterian Preschool Foundation Incorporated
- Assets
- $659.1k
- Revenue
- $93.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/2011
- Data as of
- 06/2024
- EIN
- 45-2673185
Organization Overview
First Presbyterian Preschool Foundation Incorporated is located in Atlanta, GA. The organization was established in 2011. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Presbyterian Preschool Foundation Incorporated 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, First Presbyterian Preschool Foundation Incorporated generated $93.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $73.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Presbyterian Preschool Foundation Incorporated has awarded 19 individual grants totaling $788,485. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT FIRST PRESBYTERIAN PRESCHOOL WHOSE MISSION IS TO PROVIDE A HIGH-QUALITY ACADEMIC EDUCATION INTEGRATED WITH A CHRISTIAN ENVIRONMENT OF LOVE, SUPPORT AND ACCEPTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITIES OF THE FIRST PRESBYTERIAN PRESCHOOL FOUNDATION CENTER ON PROVIDING FINANCIAL SUPPORT FOR THE PROGRAMS OF THE FIRST PRESBYTERIAN PRESCHOOL, A PROGRAM OF THE FIRST PRESBYTERIAN CHURCH OF ATLANTA. THE FOUNDATION SOLICITS FUNDS FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS. DONATED FUNDS ARE DISTRIBUTED, AT THE DISCRETION OF THE FOUNDATION BOARD, TO BE USED TO SUPPORT NEED BASED STUDENT SCHOLARSHIPS, AND TO PURCHASE FURNITURE, EQUIPMENT AND INSTRUCTIONAL MATERIALS TO AUGMENT THE ACADEMIC PROGRAM. THE PRIMARY ACTIVITIES OF THE FOUNDATION ARE 1) AN ANNUAL FUNDRAISING CAMPAIGN THAT SEEKS DONATIONS FROM INDIVIDUALS AND FOUNDATIONS, WHICH IS CONDUCTED BY THE BOARD IN THE FALL OF EACH YEAR AND, 2) A FUND RAISING AUCTION EVENT CONDUCTED EACH SPRING BY THE BOARD. BOTH OF THESE ACTIVITIES TAKE PLACE EXCLUSIVELY IN THE AREA OF METROPOLITAN ATLANTA, GA. THROUGH THESE ACTIVITIES THE FOUNDATION IS ABLE TO PROVIDE FUNDS THAT ALLOW THE PRESCHOOL TO PROVIDE EDUCATIONAL PROGRAMS AND SERVICES THAT WOULD NOT OTHERWISE BE POSSIBLE. NINETY PERCENT OF THE FOUNDATION'S TIME IS ALLOCATED TO SECURING DONATIONS AND 10% IS ALLOCATED TO DISTRIBUTING FUNDS, ASSET AND INVESTMENT MANAGEMENT AND ADMINISTRATION. THE FOUNDATION HAS NO PAID STAFF OR CONTRACTED STAFF AND IS A VOLUNTEER RUN ORGANIZATION. THE COSTS OF FUND RAISING AND EVENTS ARE PAID FOR FROM THE FUNDS THAT ARE RAISED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Hodges Chair | OfficerTrustee | 5 | $0 |
Jordan Hylton Treasurer | OfficerTrustee | 5 | $0 |
Ellie Bloom Director | Trustee | 1 | $0 |
Jaclyn Kinsell Director | Trustee | 2 | $0 |
David Abraham Director | Trustee | 1 | $0 |
Susi Harbutt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,155 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,670 |
| Noncash contributions included in lines 1a–1f | $20,088 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,825 |
| Total Program Service Revenue | $0 |
| Investment income | $5,547 |
| 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 | $93,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,815 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $73,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $659,139 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,139 |
| Accounts payable and accrued expenses | $89 |
| 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 | $0 |
| Total liabilities | $89 |
| Net assets without donor restrictions | $659,050 |
| 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 | $659,139 |
Grants Awarded
Over the last fiscal year, First Presbyterian Preschool Foundation Incorporated has awarded $63,415 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH OF ATLANTA PURPOSE: SCHOLARSHIPS | $15,000 |
FIRST PRESBYTERIAN CHURCH OF ATLANTA PURPOSE: CONSULTING FEES | $48,415 |