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Nonprofiteer
← PRE-K PREPARATORY LEARNING ACADEMY

Form 990 for tax year 2023

Filed by PRE-K PREPARATORY LEARNING ACADEMY.

Totals

Total revenue
$816,170
Total expenses
$793,663
Contributions and grants received
$92,934
Grants paid
$3,842
Program service revenue
$620,393
Investment income
$0
Other revenue
$102,843
Total assets, end of year
$820,623
Total liabilities, end of year
$312,723
Net assets or fund balances, end of year
$507,900
Program services expenses (Part IX)
$661,225
Management and general expenses
$132,438
Fundraising expenses
$0
Program service expenses (Part III)
$661,225

Program services were 83.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $92,934

  • 2a · Program service revenue: Childcare Services

    total $620,393 · related or exempt $620,393

  • 11a · Other revenue: OTHER REVENUE

    total $102,843 · related or exempt $102,843

  • 11e · Other revenue, total

    $102,843

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,842 · program services $3,842

  • 5 · Compensation of officers, directors and key employees

    total $101,021 · management and general $101,021

  • 7 · Other salaries and wages

    total $243,772 · program services $243,772

  • 9 · Other employee benefits

    total $31,001 · program services $31,001

  • 10 · Payroll taxes

    total $26,488 · program services $26,488

  • 11c · Fees: accounting

    total $15,097 · management and general $15,097

  • 12 · Advertising and promotion

    total $3,704 · program services $3,704

  • 13 · Office expenses

    total $782 · program services $782

  • 14 · Information technology

    total $13,655 · management and general $13,655

  • 20 · Interest

    total $12,018 · program services $12,018

  • 22 · Depreciation, depletion and amortization

    total $27,524 · program services $27,524

  • 23 · Insurance

    total $9,297 · program services $9,297

  • 24a · Other expenses: ACTIVITIES

    total $32,884 · program services $32,884

  • 24b · Other expenses: AUTO EXPENSES

    total $1,021 · program services $1,021

  • 24c · Other expenses: REPAIRS AND MAINT

    total $46,336 · program services $46,336

  • 24d · Other expenses: FOOD COST

    total $54,430 · program services $54,430

  • 24e · All other expenses

    total $170,791 · program services $168,126 · management and general $2,665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $379,260 · end of year $332,967

  • 4 · Accounts receivable

    beginning of year $36,568 · end of year $12,851

  • 11 · Investments: publicly traded securities

    beginning of year $100,544 · end of year $100,544

  • 12 · Investments: other securities

    end of year $195,000

  • 15 · Other assets

    beginning of year $124,029 · end of year $179,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,672 · end of year $9,158

  • 25 · Other liabilities

    beginning of year $144,336 · end of year $303,565

  • 31 · Retained earnings, endowment or other funds

    beginning of year $485,393 · end of year $507,900

Mission and programs · 2023

Mission

The mission of Pre-K Preparatory Learning Academy, Inc. is to educate young children today by giving them the tools they need for a successful tomorrow.

  • Give children the tools they need to prepare the for tomorrow.

    Expenses $661,225

As filed on the 2023 return.

Listed in Part VII

  • Arbendette Van

    President

    Total calculated
    $101,021
    From this org
    $101,021
    From related orgs
    $0
    Other
    $0
    Hours/week
    75

  • Jeremiah Biount

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Patricia M Cole

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Jill Avery

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Morgan Bell

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Tamiko Condoll

    Vice President

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 October 2024
IRS schema version
2023v5.1
Source object
202423119349300047

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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