Precious Lamb Preschool Inc
- Assets
- $1.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 24
- Location
- Long Beach, CA
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 95-4772800
Organization Overview
Precious Lamb Preschool Inc is located in Long Beach, CA. The organization was established in 2000. 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, Precious Lamb Preschool Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Precious Lamb Preschool 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, Precious Lamb Preschool Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $837.1k during the year ending 06/2022. While expenses have increased by 10.2% 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 PROVIDE CHRIST-CENTERED EDUCATION AND CARE TO CHILDREN AND FAMILIES SUFFERING HOMELESSNESS. THROUGH NURTURE AND EDUCATION, PRECIOUS LAMB PRESCHOOL IS A TANGIBLE SUPPORT, BRINGING HOPE, RESTORATION, STABILITY AND EMPOWERMENT TO HOMELESS CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FULL-DAY, QUALITY EARLY EDUCATION AND WRAP-AROUND SERVICES TO 74 CHILDREN AND FAMILIES EXPERIENCING HOMELESSNESS. ALL OF OUR STUDENTS ARE HOMELESS AT ENTRY OR ARE LIVING IN PARTNER SHELTERS/TRANSITIONAL PROGRAMS WITHIN THE GREATER LONG BEACH AREA. OUR PROGRAM'S TEACHER-CHILD RATIO MEETS THE NEEDS OF CHILDREN EXPERIENCING TRAUMA AT HIGH RATES. OUR FAMILY OUTREACH PROGRAM OFFERED ONSITE SERVICES TO PARENTS SUCH AS ASSISTANCE WITH EDUCATION, HOUSING, EMPLOYMENT AND SOBRIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lailanie Jones Ed Until 7/2021 | Officer | 40 | $51,858 |
Michelle Veazey Ed Aftr 11/2021 | Officer | 5 | $4,195 |
Randy Gordon Chairman | OfficerTrustee | 5 | $0 |
Linda Perry Secretary | OfficerTrustee | 5 | $0 |
Tony Gales Treasurer | OfficerTrustee | 2 | $0 |
Matt Cullen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $311,039 |
| Related organizations | $0 |
| Government grants | $96,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,454,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,862,668 |
| Total Program Service Revenue | $0 |
| Investment income | $46,781 |
| 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 | $1,909,449 |
| 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. | $62,332 |
| Compensation of current officers, directors, key employees. | $3,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $446,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,860 |
| Payroll taxes | $32,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,529 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,134 |
| Office expenses | $13,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,685 |
| 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 | $6,606 |
| Insurance | $21,182 |
| All other expenses | $39,595 |
| Total functional expenses | $837,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,146 |
| 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 | $22,868 |
| Investments—publicly traded securities | $1,326,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,330 |
| Total assets | $1,923,326 |
| Accounts payable and accrued expenses | $31,326 |
| 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 | $31,326 |
| Net assets without donor restrictions | $1,251,881 |
| Net assets with donor restrictions | $640,119 |
| 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 | $1,923,326 |