Pb and J INC FY2020 filing

Tax-deductible

Waterbury, VT501(c)(3)Human ServicesEIN 03-0358864Revenue $535K in FY2020

On file with the IRSthechildrensearlylearningspace.org397 Main St, 05676-4428 · Waterbury, VTTax-exempt since Feb 1999Publicly supported — 509(a)(2)

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To operate a licensed early education space and preschool - a partnership of families, educators and community supporting children six weeks to five years in their discoveries as they prepare

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$78K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $51K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$83K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$535K
Spent
$514K
To programs
70%
Net assets
$85K
By yearFY2020–FY2024
Revenue
$535K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$535K
FY2021$560K
FY2022$587K
FY2023$745K
FY2024$689K
Expenses
$514K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$514K
FY2021$492K
FY2022$603K
FY2023$636K
FY2024$615K
Net assets
$85K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$85K
FY2021$154K
FY2022$138K
FY2023$246K
FY2024$297K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $361K Management & general 30% · $153K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $78K paid to officers and key staff.

Part VII, Section A · reportable compensation
$53,890Pt VII · Sec A
Office Manager
$24,543Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Clara Wooton’s $61K as Director is at the 50th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Clara Wooton$61,020——$40,895—
Clara Wootton$61,019$53,098$50,209$40,895—
Victoria Ward—$45,245$60,250$56,500$53,890
Catherine Casey$49,065$47,238$49,675——
Kate Bourneuf$49,520$34,943$24,929——
Megan Macaulay$30,745$46,659$43,811——
Ilana Scharoun$28,861$42,245———
Heather Maclay$41,510$37,323———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides licensed early education and preschool for children six weeks to five years.

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Provided by the organization

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1 program · $361K · in their own filed words · FY2020
01

Early childhood education and preschool services provided for 20 preschoolers ages three to five years old, ten toddlers 18-36 months, and eight infants six weeks to 18 months. Program is offered five days per week, 51 weeks per year.

$361Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$40K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$535K
Ln 12
Fees for servicesLn 2g$428K
Gifts and grantsLn 1h$106K
Investment incomeLn 3$62
Money outPt IX
$514K
Ln 25
Programscol B$361K
Managementcol C$153K
Owns and owesPt X
$85K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$168K
LiabilitiesLn 26$83K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Government grantsLn 1e$102K
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$428K
Investment incomeLn 3$62
Total revenueLn 12$535K
Assets in detailPt X, end of year
CashLn 1$116K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$166K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$168K
LiabilitiesLn 26$83K
Net assetsLn 32$85K
OperationsPt I, VI
EmployeesI 513
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$65K$166K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$71K$168K
LiabilitiesLn 26$5K$83K
Net assetsLn 32$66K$85K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$78K$55K$24K$0
Other salaries and wagesLn 7$273K$191K$82K$0
Payroll taxesLn 10$31K$22K$9K$0
Management feesLn 11a$13K$9K$4K$0
Accounting feesLn 11c$976$683$293$0
OccupancyLn 16$41K$29K$12K$0
Depreciation, depletion and amortizationLn 22$23K$16K$7K$0
InsuranceLn 23$7K$5K$2K$0
Other expenses (24a–d)Ln 24$21K$16K$5K$0
All other expensesLn 24e$26K$18K$8K$0
Total functional expensesLn 25$514K$361K$153K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $689K$615K$74K$297K 990 PDF
FY2023 $745K$636K$109K$246K 990 PDF
FY2022 $587K$603K−$16K$138K 990 PDF
FY2021 $560K$492K$69K$154K 990 PDF
FY2020 Viewing $535K$514K$20K$85K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $534,634 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,328$106,344
I-9 Program service revenuePrior year $425,605$428,228
I-10 Investment income$62
I-11 Other revenue$0
I-12 Total revenuePrior year $430,933$534,634
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $346,464$382,707
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $95,565$131,614
I-18 Total expensesPrior year $442,029$514,321
I-19 Revenue less expensesPrior year −$11,096$20,313
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $534,634 across 6 lines filed
VIII-1c Fundraising events$3,917
VIII-1e Government grants$102,427
VIII-1h Total contributions, gifts and grants$106,344
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$428,228
VIII-3 Investment incomeUnrelated business $62 · Excluded from tax $0$62
VIII-12 Total revenueRelated to mission $428,228 · Unrelated business $62 · Excluded from tax $0$534,634
Part IX · Statement of functional expenses $514,321 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,903 · Management $23,530 · Fundraising $0$78,433
IX-7 Other salaries and wagesPrograms $191,124 · Management $81,910 · Fundraising $0$273,034
IX-10 Payroll taxesPrograms $21,868 · Management $9,372 · Fundraising $0$31,240
IX-11a Management feesPrograms $9,100 · Management $3,900 · Fundraising $0$13,000
IX-11c Accounting feesPrograms $683 · Management $293 · Fundraising $0$976
IX-16 OccupancyPrograms $29,037 · Management $12,444 · Fundraising $0$41,481
IX-22 Depreciation, depletion and amortizationPrograms $16,099 · Management $6,900 · Fundraising $0$22,999
IX-23 InsurancePrograms $4,737 · Management $2,030 · Fundraising $0$6,767
IX-24 Other expenses (24a–d)Programs $15,562 · Management $4,969 · Fundraising $0$20,531
IX-24e All other expensesPrograms $18,101 · Management $7,759 · Fundraising $0$25,860
IX-25 Total functional expensesPrograms $361,214 · Management $153,107 · Fundraising $0$514,321
Part X · Balance sheet $168,049 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $19,052$115,891
X-2 Savings and temporary cash investmentsStart of year $46,030$50,541
X-4 Accounts receivableStart of year $3,743−$423
X-10c Land, buildings and equipment, netStart of year $2,198$2,040
X-16 Total assetsStart of year $71,023$168,049
X-25 Other liabilitiesStart of year $4,890$82,913
X-26 Total liabilitiesStart of year $4,890$82,913
X-27 Net assets without donor restrictionsStart of year $66,133$85,136
X-32 Total net assets or fund balancesStart of year $66,133$85,136
X-33 Total liabilities and net assetsStart of year $71,023$168,049
Part XI · Reconciliation of net assets $85,136 net assets at year end
XI-1 Total revenue$534,634
XI-2 Total expenses$514,321
XI-3 Revenue less expenses$20,313
XI-4 Net assets at start of year$66,133
XI-8 Prior period adjustments−$1,310
XI-10 Net assets at end of year$85,136

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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