Leafling Preschool INC FY2020 filing

Shoreline, WAUnknown exempt organization EIN 46-4503664Revenue $318K in FY2020

On file with the IRSleaflingpreschool.com1627 Nw 197th St · Shoreline, WA

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Day care & Preschool

72¢ of each $1 spent went to programs.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $56K a year · 19% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$171K
240% of total assets
Concern: liabilities are 240% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$318K
-4% vs prior year
Spent
$418K
To programs
72%
Net assets
−$100K
By yearFY2019–FY2021
Revenue
$318K
FY2020▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2019$330K
FY2020$318K
FY2021$239K
Expenses
$418K
FY2020-0.2%
Tap a bar for its year
Expenses by fiscal year
FY2019$419K
FY2020$418K
FY2021$218K
Net assets
−$100K
FY2020▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2019−$111K
FY2020−$100K
FY2021−$123K

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 (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $300K Management & general 28% · $117K

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

5 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation
$94,884Pt VII · Sec A
Board Member
$3,395Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2021FY2020FY2019
Shyesteh Davanlou$60,552$94,884—
Shyesteh——$94,884
Shayesteh——$94,884
Radboy$7,578$3,395—
Ali——$3,395

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.

See Leafling Preschool INC executive salaries →

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Leafling Preschool INC is a nonprofit organization based in Shoreline, WA.

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Provided by the organization

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1 program · $300K · in their own filed words · FY2020
01

Our mission at Leafling Preschool and Childcare Center is to provide excellent, reliable, high-quality childcare and education to the children and families we serve.

$300Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$318K
Ln 12
Gifts and grantsLn 1h$318K
Money outPt IX
$418K
Ln 25
Programscol B$300K
Managementcol C$117K
Owns and owesPt X
−$100K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$71K
LiabilitiesLn 26$171K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$318K
Government grantsLn 1e$7K
Total revenueLn 12$318K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Land, buildings, equipmentLn 10c$25K
Total assetsLn 16$71K
LiabilitiesLn 26$171K
Net assetsLn 32−$100K
OperationsPt I, VI
EmployeesI 511
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$42K
Land, buildings, equipmentLn 10c$25K
Total assetsLn 16$0$71K
LiabilitiesLn 26$0$171K
Net assetsLn 32$0−$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$95K$95K$0$0
Other salaries and wagesLn 7$127K$127K$0$0
Payroll taxesLn 10$27K$27K$0$0
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$4K$0$4K$0
OccupancyLn 16$72K$0$72K$0
InterestLn 20$3K$0$3K$0
Depreciation, depletion and amortizationLn 22$3K$0$3K$0
InsuranceLn 23$4K$0$4K$0
Other expenses (24a–d)Ln 24$51K$51K$0$0
All other expensesLn 24e$28K$0$28K$0
Total functional expensesLn 25$418K$300K$117K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $239K$218K$21K−$123K 990 PDF
FY2020 Viewing $318K$418K−$100K−$100K 990 PDF
FY2019 $330K$419K−$88K−$111K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $318,218 revenue, 12 lines filed
I-8 Contributions and grants$318,218
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$318,218
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$249,484
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,534$168,352
I-18 Total expensesPrior year $2,534$417,836
I-19 Revenue less expensesPrior year −$2,534−$99,618
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $318,218 across 5 lines filed
VIII-1e Government grants$7,000
VIII-1f All other contributions, gifts and grants$311,218
VIII-1h Total contributions, gifts and grants$318,218
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$318,218
Part IX · Statement of functional expenses $417,836 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,884 · Management $0 · Fundraising $0$94,884
IX-7 Other salaries and wagesPrograms $127,286 · Management $0 · Fundraising $0$127,286
IX-10 Payroll taxesPrograms $27,314 · Management $0 · Fundraising $0$27,314
IX-11c Accounting feesPrograms $0 · Management $3,600 · Fundraising $0$3,600
IX-12 Advertising and promotionPrograms $0 · Management $3,894 · Fundraising $0$3,894
IX-16 OccupancyPrograms $0 · Management $72,290 · Fundraising $0$72,290
IX-20 InterestPrograms $0 · Management $3,130 · Fundraising $0$3,130
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $2,945 · Fundraising $0$2,945
IX-23 InsurancePrograms $0 · Management $3,616 · Fundraising $0$3,616
IX-24 Other expenses (24a–d)Programs $50,943 · Management $0 · Fundraising $0$50,943
IX-24e All other expensesPrograms $0 · Management $27,934 · Fundraising $0$27,934
IX-25 Total functional expensesPrograms $300,427 · Management $117,409 · Fundraising $0$417,836
Part X · Balance sheet $71,026 assets, 9 lines filed
X-1 Cash, non-interest-bearing$41,951
X-9 Prepaid expenses and deferred charges$4,182
X-10c Land, buildings and equipment, net$24,893
X-16 Total assetsStart of year $0$71,026
X-17 Accounts payable and accrued expenses$31,166
X-25 Other liabilities$11,778
X-26 Total liabilitiesStart of year $0$170,644
X-32 Total net assets or fund balancesStart of year $0−$99,618
X-33 Total liabilities and net assetsStart of year $0$71,026
Part XI · Reconciliation of net assets −$99,618 net assets at year end
XI-1 Total revenue$318,218
XI-2 Total expenses$417,836
XI-3 Revenue less expenses−$99,618
XI-10 Net assets at end of year−$99,618

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

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