Glenview Methodist Pre School INC FY2022 filing

Tax-deductible

Glenview, IL501(c)(3)EducationEIN 36-2558287

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Glenview Methodist preschool is an independent, non-denominational, play-based preschool providing education and enrichment programs for children ages 2 1/2 to 5.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$76K 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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FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $137K a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $393
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$182K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$804K
+13% vs prior year
Spent
$547K
To programs
92%
Net assets
$811K
By yearFY2021–FY2025
Revenue
$804K
FY2022▲ +13%
Revenue by fiscal year
FY2021$710K
FY2022$804K
FY2023$618K
FY2024$601K
FY2025$856K
Expenses
$547K
FY2022▲ +13%
Expenses by fiscal year
FY2021$485K
FY2022$547K
FY2023$579K
FY2024$596K
FY2025$698K
Net assets
$811K
FY2022▲ +46%
Net assets by fiscal year
FY2021$554K
FY2022$811K
FY2023$843K
FY2024$848K
FY2025$1.0M

From the FY2022 Form 990 (year ending July 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1969.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $505K Management & general 8% · $42K

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

17 people listed on the 990; $76K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$75,930Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Karen Coan’s $81K as Executive Director is at the 72nd percentile of top reported officer pay among 1613 $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

NameFY2025FY2024FY2023FY2022
Karen Coan$80,501$77,875$75,551$75,930

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 play-based education and enrichment for children ages 2 1/2 to 5.

Provided by the organization

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1 program service account for $505K of program spending, described in the organization's own filed words · FY2021.
01

Preschool and enrichment programs for children ages 2.5 to 5.

$505Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$393

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$804K
Ln 12
Fees for servicesLn 2g$481K
Gifts and grantsLn 1h$279K
Other incomeLn 4–11$44K
Money outPt IX
$547K
Ln 25
Programscol B$505K
Managementcol C$42K
Owns and owesPt X
$811K
net assets · Ln 32
Cash and savingsLn 1–2$936K
Total assetsLn 16$993K
LiabilitiesLn 26$182K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Government grantsLn 1e$265K
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$481K
Investment incomeLn 3$120
Other incomeLn 4–11$44K
Total revenueLn 12$804K
Assets in detailPt X, end of year
CashLn 1$256K
SavingsLn 2$681K
Cash and savings togetherLn 1–2$936K
Land, buildings, equipmentLn 10c$50K
Other assetsLn 15$7K
Total assetsLn 16$993K
LiabilitiesLn 26$182K
Net assetsLn 32$811K
OperationsPt I, VI
EmployeesI 520
VolunteersI 617
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$753K$936K
Land, buildings, equipmentLn 10c$32K$50K
Total assetsLn 16$791K$993K
LiabilitiesLn 26$237K$182K
Net assetsLn 32$554K$811K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$396K$364K$32K
Payroll taxesLn 10$30K$27K$2K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$1K$1K
OccupancyLn 16$42K$42K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$38K$37K$259
All other expensesLn 24e$10K$9K$673
Total functional expensesLn 25$547K$505K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $856K$698K$158K$1.0M 990 PDF
FY2024 $601K$596K$5K$848K 990 PDF
FY2023 $618K$579K$39K$843K 990 PDF
FY2022 Viewing $804K$547K$257K$811K 990 PDF
FY2021 $710K$485K$224K$554K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $804,489 across 9 lines filed
VIII-1c Fundraising events$2,000
VIII-1e Government grants$265,076
VIII-1f All other contributions, gifts and grants$11,917
VIII-1h Total contributions, gifts and grants$278,993
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $481,158$481,158
VIII-3 Investment incomeRelated to mission $120$120
VIII-8 Net income from fundraising eventsExcluded from tax $39,390$39,390
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,828$4,828
VIII-12 Total revenueRelated to mission $486,106 · Unrelated business $0 · Excluded from tax $39,390$804,489
Part IX · Statement of functional expenses $547,299 across 10 lines filed
IX-7 Other salaries and wagesPrograms $364,017 · Management $31,962$395,979
IX-10 Payroll taxesPrograms $27,468 · Management $2,412$29,880
IX-11c Accounting feesManagement $6,809$6,809
IX-11g Other fees for servicesPrograms $5,791$5,791
IX-12 Advertising and promotionPrograms $1,018$1,018
IX-16 OccupancyPrograms $41,526$41,526
IX-22 Depreciation, depletion and amortizationPrograms $8,310$8,310
IX-23 InsurancePrograms $10,851$10,851
IX-24 Other expenses (24a–d)Programs $37,254 · Management $259$37,513
IX-24e All other expensesPrograms $8,949 · Management $673$9,622
IX-25 Total functional expensesPrograms $505,184 · Management $42,115 · Fundraising $0$547,299
Part X · Balance sheet $993,403 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $372,290$255,591
X-2 Savings and temporary cash investmentsStart of year $380,333$680,704
X-10c Land, buildings and equipment, netStart of year $31,861$49,787
X-15 Other assetsStart of year $6,554$7,321
X-16 Total assetsStart of year $791,038$993,403
X-17 Accounts payable and accrued expensesStart of year $3,878$1,918
X-24 Unsecured notes and loans payableStart of year $69,230$0
X-25 Other liabilitiesStart of year $163,652$180,017
X-26 Total liabilitiesStart of year $236,760$181,935
X-27 Net assets without donor restrictionsStart of year $554,278$811,468
X-32 Total net assets or fund balancesStart of year $554,278$811,468
X-33 Total liabilities and net assetsStart of year $791,038$993,403
Part XI · Reconciliation of net assets $811,468 net assets at year end
XI-1 Total revenue$804,489
XI-2 Total expenses$547,299
XI-3 Revenue less expenses$257,190
XI-4 Net assets at start of year$554,278
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$811,468

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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