Form 990 for tax year 2022
Filed by FOUNDATION OF TRUSTEES FOR THE FAMILY LEARNING CENTER.
Totals
- Total revenue
- $955,123
- Total expenses
- $1,310,833
- Contributions and grants received
- $311,825
- Grants paid
- $0
- Program service revenue
- $642,982
- Investment income
- $0
- Other revenue
- $316
- Total assets, end of year
- $437,747
- Total liabilities, end of year
- $1,594
- Net assets or fund balances, end of year
- $436,153
- Program services expenses (Part IX)
- $1,092,792
- Management and general expenses
- $217,736
- Fundraising expenses
- $305
- Program service expenses (Part III)
- $1,092,792
Program services were 83.4% 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.
-
1c · Fundraising events
$535
-
1e · Government grants (contributions)
$197,908
-
1f · All other contributions, gifts and grants
$113,382
-
2a · Program service revenue: Tuition
total $642,982 · related or exempt $642,982
-
8a · Fundraising events: contributions included on line 1c
$535
-
11a · Other revenue: Miscellaneous Revenues
total $316 · related or exempt $316
-
11e · Other revenue, total
$316
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $93,302 · program services $79,307 · management and general $13,995
-
7 · Other salaries and wages
total $820,020 · program services $697,017 · management and general $123,003
-
9 · Other employee benefits
total $12,563 · program services $10,679 · management and general $1,884
-
10 · Payroll taxes
total $76,628 · program services $65,134 · management and general $11,494
-
11c · Fees: accounting
total $27,855 · management and general $27,855
-
12 · Advertising and promotion
total $2,031 · program services $1,726 · fundraising $305
-
13 · Office expenses
total $14,314 · management and general $14,314
-
16 · Occupancy
total $169,167 · program services $152,250 · management and general $16,917
-
22 · Depreciation, depletion and amortization
total $2,288 · program services $2,059 · management and general $229
-
23 · Insurance
total $34,697 · program services $29,492 · management and general $5,205
-
24a · Other expenses: Operating expenses
total $55,128 · program services $55,128
-
24b · Other expenses: Other
total $2,840 · management and general $2,840
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $525,786 · end of year $180,064
-
2 · Savings and temporary cash investments
beginning of year $1,277
-
4 · Accounts receivable
end of year $1,196
-
10a · Land, buildings and equipment: cost or other basis
$106,487
-
10b · Land, buildings and equipment: accumulated depreciation
$80,321
-
10c · Land, buildings and equipment, net
beginning of year $25,845 · end of year $26,166
-
11 · Investments: publicly traded securities
beginning of year $8,728 · end of year $7,924
-
14 · Intangible assets
beginning of year $253,429 · end of year $222,397
-
17 · Accounts payable and accrued expenses
beginning of year $12,399 · end of year $1,594
-
24 · Unsecured notes and loans payable
beginning of year $10,000
-
27 · Net assets without donor restrictions
beginning of year $511,312 · end of year $213,756
-
28 · Net assets with donor restrictions
beginning of year $281,354 · end of year $222,397
Mission and programs · 2022
Mission
We provide high quality education and child care to all families in Eagle County for children 8 weeks to 6 years old.
-
Achieved quality learning experience and care for approximately 120 children with about 80% receiving tuition assistance and a 45% minority student ratio.
Expenses $1,092,792 · Revenue $955,123
As filed on the 2022 return.
Listed in Part VII
-
Whitney Young
Executive Director
- Total calculated
- $93,302
- From this org
- $93,302
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sally Walsh
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sara Pylman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn Brock
Director
- Total calculated
- $0
- Hours/week
- 1
-
Grant Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sally Polly
President
- Total calculated
- $0
- Hours/week
- 1
-
Kelly McCracken
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Lillie Hughes
President
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
-
Tali Fagenblat
Director
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312469349300111
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