Prospect Enrichment Preschool
- Assets
- $0.0
- Revenue
- $32.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Seattle, WA
- Founding
- 11/1983
- Data as of
- 06/2021
- EIN
- 91-1212450
Organization Overview
Prospect Enrichment Preschool is located in Seattle, WA. The organization was established in 1983. As of 06/2021, Prospect Enrichment Preschool employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect Enrichment 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 06/2021, Prospect Enrichment Preschool generated $32.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (38.5%) each year. All expenses for the organization totaled $156.6k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A RICH EARLY LEARNING ENVIRONMENT WITH EMPHASIS ON LITERARY AND COGNITIVE SKILLS, REGARDLESS OF ABILITY TO PAY. GOAL IS FOR ALL STUDENTS TO ENTER KINDERGARTEN WITH SKILLS AND CONFIDENCE TO BE LIFELONG LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSPECT ENRICHMENT PRESCHOOL PROVIDES QUALITY EDUCATION AND GUIDANCE FOR APPROXIMATELY 24 CHILDREN FROM LOW INCOME FAMILIES. THE LONG RANGE GOAL IS TO GIVE THE CHILDREN THE SAME SKILLS AS THOSE FROM MORE ECONOMICALLY ADVANTAGED FAMILIES AND TO PREPARE THEM FOR SUCCESS IN SCHOOL AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Chatard President | Officer | 2 | $0 |
Danielle Woods Secretary | Officer | 1 | $0 |
Mackensie Tinsley Treasurer | Officer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,847 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| 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 | $32,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,500 |
| 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 | $42,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,410 |
| 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 | $428 |
| Royalties | $0 |
| Occupancy | $45,347 |
| 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 | $935 |
| Total functional expenses | $156,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Prospect Enrichment Preschool has awarded $52,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SIM'S EARLY LEARNING AND CHILD CARE PURPOSE: DISTRIBUTION OF ASSETS IN ACCORDANCE WITH GOVERNING DOCUMENTS | $6,500 |
BERRY'S FAMILY DAY CARE PURPOSE: DISTRIBUTION OF ASSETS IN ACCORDANCE WITH GOVERNING DOCUMENTS | $6,500 |
DIANE'S DAY CARE PURPOSE: DISTRIBUTION OF ASSETS IN ACCORDANCE WITH GOVERNING DOCUMENTS | $6,500 |
A PLACE FOR US CHILD CARE PURPOSE: DISTRIBUTION OF ASSETS IN ACCORDANCE WITH GOVERNING DOCUMENTS | $6,500 |
NANCY'S DAYCARE PURPOSE: DISTRIBUTION OF ASSETS IN ACCORDANCE WITH GOVERNING DOCUMENTS | $6,500 |
ST THERESE CATHOLIC ACADEMY PURPOSE: DISTRIBUTION OF ASSETS IN ACCORDANCE WITH GOVERNING DOCUMENTS | $6,667 |