Fountainhead Inc
- Assets
- $4.9m
- Revenue
- $2.1m
- Investments
- $894.5k
- Employees
- 117
- Location
- Dublin, CA
- Founding
- 08/1974
- Data as of
- 06/2022
- EIN
- 94-2246599
Organization Overview
Fountainhead Inc is located in Dublin, CA. The organization was established in 1974. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Fountainhead Inc employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountainhead Inc 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 06/2022, Fountainhead Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE PRE-SCHOOLS USING THE MONTESSORI METHOD AS WELL AS PROVIDE AFTER PRE-SCHOOL CARE IN A SAFE AND SECURE ENVIRONMENT.
Describe the Organization's Program Activity:
PURPOSE IS TO PROVIDE PRE-SCHOOL AND ELEMENTARY EDUCATION USING MONTESSORI METHODS. THE SCHOOLS ALSO PROVIDE A SAFE AND SECURE ENVIRONMENT FOR CHILD CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shandy Cole Executive Director | Trustee | 40 | $129,694 |
Sarah Zimmerman President | Trustee | 10 | $53,637 |
John Lindl Treasurer | Trustee | 4 | $25,118 |
George Zimmerman Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,129 |
| Total Program Service Revenue | $7,536,797 |
| Investment income | $2,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$287,017 |
| Net Gain/Loss on Asset Sales | -$5,576,610 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,127,012 |
| 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. | $208,449 |
| Compensation of current officers, directors, key employees. | $208,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,710,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $277,408 |
| Payroll taxes | $288,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,114 |
| Fees for services: Accounting | $24,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,860 |
| Advertising and promotion | $23,418 |
| Office expenses | $44,403 |
| Information technology | $15,681 |
| Royalties | $0 |
| Occupancy | $1,401,852 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $193,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $327,627 |
| Insurance | $116,859 |
| All other expenses | $744,390 |
| Total functional expenses | $7,851,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,197,095 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $411,108 |
| 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 | $2,385,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $894,459 |
| Investments—program-related | $0 |
| Intangible assets | $7,300 |
| Other assets | $0 |
| Total assets | $4,895,908 |
| Accounts payable and accrued expenses | $618,326 |
| Grants payable | $0 |
| Deferred revenue | $16,367 |
| 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 | $3,519,051 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,153,744 |
| Net assets without donor restrictions | $742,164 |
| 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 | $4,895,908 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fountainhead Inc has recieved totaling $238.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Start Incorporated Napa, CA | $8,014,837 | $18,886,545 |
Institute For Human & Social Development Inc San Mateo, CA | $7,306,180 | $14,787,145 |
Keys Family Day School Inc Palo Alto, CA | $33,258,594 | $15,731,611 |
The San Francisco School San Francisco, CA | $30,677,373 | $14,481,306 |
Hanalani Schools Mililani, HI | $23,961,358 | $16,139,886 |
Berkeley Hall School Foundation Los Angeles, CA | $27,121,443 | $12,682,160 |
Vacaville Christian Academy Vacaville, CA | $16,291,223 | $10,950,312 |
Renu Hope Foundation Beaumont, CA | $4,671,347 | $11,223,542 |
Keiki O Ka Aina Preschool Inc Honolulu, HI | $8,797,502 | $10,994,448 |
Marin Montessori School Inc Corte Madera, CA | $24,835,339 | $10,702,603 |
Seagull Schools Inc Kailua, HI | $19,987,815 | $8,632,707 |
Fountainhead Inc Dublin, CA | $4,895,908 | $2,127,012 |