Panda Bear Preschool FY2023 filing

San Diego, CA · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2023
Revenue
$640K
▲ +7% vs prior year
Spent
$649K
To programs
96%
Net assets
$296K
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Fidelity Investments Charitable Gift Fund
$20K in the latest grant year.
Spent on programs?
96% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +7% vs prior year
Legal name (IRS)Hdr · item CPanda Bear Preschool
EINHdr · item D26-3139749
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2009
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSan Diego, CA
NTEE classificationIRS BMFEducation (B21)
WebsiteHdr · item Jwww.pandabearpreschool.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.02
Program services96%$623K
Management & general2%$12K
Total functional expensesLn 25$649K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$640K
FY2023▲ +7%
Expenses
$649K
FY2023▼ -0.8%
Program efficiency
96%
of spending reaches programs
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$286K
FY2023▼ -3%
Total liabilities
$-10K
FY2023▼ -3%
Revenue less expensesPt I · Ln 19−$10K
Total assetsPt X · Ln 16$286K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$245K
Total assetsLn 16$286K
Total liabilitiesLn 26$-10K
Total net assetsLn 32$296K
Months of cash on handcomputed4.5

Statement of Revenue

Part VIII
Program service revenue$634K · 99%
Other revenue$5K · 1%
Program service revenue99%$634K
Other revenue1%$5K
Contributions & grants$25
Investment income$280
Total revenueLn 12$640K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $245K · Operating expenses/yr $649K
4.5 months
Where the money goes
Program services
Program services $623K · Total expenses $649K
96%
Management & General
Management & general $12K · Total expenses $649K
2%
Fundraising
Fundraising $0 · Total expenses $649K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25 · Total revenue $640K
<0.01%
Government reliance
Government grants — · Total revenue $640K
—
Earned-income share
Program service revenue $634K · Total revenue $640K
99%
Investment reliance
Investment income $280 · Total revenue $640K
+0.04%
Program self-sufficiency
Program service revenue $634K · Total expenses $649K
98%
Growth & trend
Revenue growth (YoY)
This year $640K · Prior year $598K
+7%
Net-asset trend (YoY)
End of year $296K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $640K · Expenses $649K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $286K
—
Net-asset ratio
Net assets $296K · Total assets $286K
104%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $286K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leonor Kennaly · Reported title Executive Director · Highest reported compensation $77K · Total expenses $649K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $490K · Total expenses $649K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 2%——
Fundraising cost ratio 0%——
Revenue growth 7%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1.0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$76,688Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Leonor Kennaly’s $79K as Executive Director is at the 71st percentile of top reported officer pay among 1612 $100K–1M education 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Leonor Kennaly$79,060$76,688$74,378$63,172

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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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Offers educational programs for preschool children.

Provided by the organization

This section is blank until Panda Bear Preschool claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $623K of program spending, described in the organization's own filed words · FY2023.
01

Operate facilities and administer educational programs for preschool children. Develope and maintain curriculum, brochures, and required licenses and permits. Promote, screen and accept enrollment for programs.

$623Kprogram expense

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$20K
Grants paid · 1 grant · $50K · 2022–2022
Chinese Community ChurchCA · FY2022$50,000

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $670K$665K+5% 990 PDF
FY2023 Viewing $640K$649K+7% 990 PDF
FY2022 $598K$655K-10% 990 PDF
FY2021 $665K$567K+101% 990 PDF
FY2020 $330K$420K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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