Chapel Hill Cooperative Preschool
- Assets
- $4.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 31
- Location
- Chapel Hill, NC
- Founding
- 06/1962
- Data as of
- 08/2022
- EIN
- 56-6022921
Organization Overview
Chapel Hill Cooperative Preschool is located in Chapel Hill, NC. The organization was established in 1962. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2022, Chapel Hill Cooperative Preschool employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapel Hill Cooperative 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 08/2022, Chapel Hill Cooperative Preschool generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.9m during the year ending 08/2022. While expenses have increased by 8.0% 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
TO PARTNER WITH FAMILIES OF CHILDREN FROM DIVERSE BACKGROUNDS TO RESPECT AND HONOR CHILDHOOD, CELEBRATE INDEPENDENCE, AND SUPPORT CHILDREN AS THEY LEARN AND GROW THROUGH PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRESCHOOL PROVIDES EDUCATIONAL INSTRUCTION AND GENERAL DAY CARE FOR APPROXIMATELY 55 PRE-ELEMENTARY CHILDREN AND 24 INFANTS AND TODDLERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyson Marguerat Executive Director | Officer | 40 | $28,320 |
Jeanne Wakefield Executive Director | Officer | 40 | $22,756 |
Sara Moody Chair | OfficerTrustee | 5 | $0 |
Bill Stark Treasurer | OfficerTrustee | 5 | $0 |
Aaron Bachenheimer PHD Vice Chair | OfficerTrustee | 5 | $0 |
Emma Griffith Sec'y | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $712,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,016 |
| Noncash contributions included in lines 1a–1f | $2,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $746,198 |
| Total Program Service Revenue | $1,459,917 |
| Investment income | $0 |
| 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 | $2,206,115 |
| 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. | $100,239 |
| Compensation of current officers, directors, key employees. | $33,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $778,037 |
| Pension plan accruals and contributions | $1,792 |
| Other employee benefits | $69,356 |
| Payroll taxes | $74,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $890 |
| Fees for services: Accounting | $27,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,657 |
| Office expenses | $11,856 |
| Information technology | $15,704 |
| Royalties | $0 |
| Occupancy | $320,587 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,215 |
| Insurance | $13,438 |
| All other expenses | $4,395 |
| Total functional expenses | $1,942,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,928 |
| 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 | $3,608,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,978,368 |
| Accounts payable and accrued expenses | $2,649 |
| 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 | $2,521,107 |
| Unsecured mortgages and notes payable | $148,955 |
| Other liabilities | $0 |
| Total liabilities | $2,672,711 |
| Net assets without donor restrictions | $1,269,370 |
| Net assets with donor restrictions | $36,287 |
| 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 | $3,978,368 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chapel Hill Cooperative Preschool has recieved totaling $9,224.
| Awarding Organization | Amount |
|---|---|
Child Care Services Association Chapel Hill, NC PURPOSE: CHILD CARE SUBSIDY | $9,224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Niswonger Foundation Greeneville, TN | $22,434,674 | $9,108,493 |
Richmond Montessori School Inc Richmond, VA | $10,937,942 | $7,480,859 |
Clarksville Academy Clarksville, TN | $6,723,954 | $6,391,160 |