Preschool Partners
- Assets
- $4.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Birmingham, AL
- Founding
- 08/2014
- Data as of
- 06/2023
- EIN
- 46-4519557
Organization Overview
Preschool Partners is located in Birmingham, AL. The organization was established in 2014. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Preschool Partners employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preschool Partners 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 06/2023, Preschool Partners generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 8.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AN INCLUSIVE AND DIVERSE LEARNING ENVIRONMENT THAT PREPARES PRESCHOOL CHILDREN FOR SUCCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL PARTNERS IS A PRESCHOOL FOR TWO, THREE, AND FOUR YEAR OLD CHILDREN. WE ARE DEDICATED TO PREPARING AT RISK CHILDREN AND THEIR PARENTS FOR KIDNERGARTEN IN THE BIRMINGHAM CITY SCHOOLS. WE PROVIDE A HIGHLY STRUCTURED LEARNING ENVIRONMENT FOR OUR STUDENTS MONDAY THROUGH FRIDAY DURING THE SCHOOL YEAR (162 DAYS). OUR STUDENTS RECEIVE OVER 1,000 HOURS OF INSTRUCTION EACH YEAR. THE STUDENTS' PARENTS ATTEND ON MONDAYS DURING WHICH THEY LEARN ABOUT ISSUES SUCH AS STRESS, ANGER MANAGEMENT, NUTRITION, CHILD DEVELOPMENT, FAMILY LITERACY AND MONEY MANAGEMENT. THE PARENTS RECEIVE OVER 60 HOURS OF INSTRUCTION DURING THE SCHOOL YEAR. PRESCHOOL PARTNERS ALSO PROVIDES HEALTH SCREENINGS FOR OUR STUDENTS INCLUDING VISION, HEARING, DENTAL, SPEECH AND LANGUAGE. TRANSPORTATION FOR STUDENTS IS PROVIDED DAILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Aldag Board Member | Trustee | 1 | $0 |
Trinita Ashford Board Member | Trustee | 1 | $0 |
Jenny Burton Board Member | Trustee | 1 | $0 |
Bart Mcbride Past President | OfficerTrustee | 1 | $0 |
Lori A Dixon Vice President And Treasur | Trustee | 1 | $0 |
Damian Fantroy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $153,839 |
| Related organizations | $0 |
| Government grants | $832,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,402,044 |
| Total Program Service Revenue | $202,738 |
| Investment income | $26,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,613 |
| Net Income from Fundraising Events | $4,050 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,612,663 |
| 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. | $113,002 |
| Compensation of current officers, directors, key employees. | $11,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $924,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $29,552 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,164 |
| Advertising and promotion | $4,702 |
| Office expenses | $8,787 |
| Information technology | $16,646 |
| Royalties | $0 |
| Occupancy | $19,028 |
| 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 | $70,348 |
| Insurance | $24,802 |
| All other expenses | $13,367 |
| Total functional expenses | $1,383,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,870 |
| Savings and temporary cash investments | $1,210,364 |
| 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 | $2,109,081 |
| Investments—publicly traded securities | $665,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,007,573 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,927,573 |
| Net assets with donor restrictions | $80,000 |
| 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 | $4,007,573 |