Valley Drive Pre-School INC

Tax-deductible

Alexandria, VA501(c)(3)EducationEIN 54-0792446Revenue $257K in FY2024

On file with the IRSvalleydrive.com3606 Seminary Rd, 22304-5200 · Alexandria, VATax-exempt since Feb 1972School — 170(b)(1)(A)(ii)

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Valley Drive is a preschool for approximately 60 children ages 2 to 5 Monday through Friday 9 am to 12 pm and 12 to 130

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 50 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
2 of 5
filings with a surplus
Average deficit $71 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 9% of spending
Top officer’s pay lower than 82% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
+2% vs prior year
Spent
$276K
To programs
100%
Net assets
$96K
By yearFY2020–FY2024
Revenue
$257K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$228K
FY2021$280K
FY2022$240K
FY2023$253K
FY2024$257K
Expenses
$276K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$213K
FY2021$246K
FY2022$262K
FY2023$262K
FY2024$276K
Net assets
$96K
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$111K
FY2021$145K
FY2022$124K
FY2023$114K
FY2024$96K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1972.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $276K

Form 990 Part IX, line 25. 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; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
$24,271Pt VII · Sec A
Jovial Coordinator
$0Pt VII · Sec A
$0Pt VII · Sec A
VP Community
$0Pt VII · Sec A
VP Teachers
$0Pt VII · Sec A
President
$0Pt VII · Sec A
VP Teachers
$0Pt VII · Sec A
VP Membership
$0Pt VII · Sec A

Cynthia Hodgkins’s $24K as Director is at the 18th 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cynthia Hodgkins$24,271$26,736$30,059$765$28,405
Sarah Rutler——$12,612——
Meredith Sawyer——$3,628——
Warren C Stewart——$1,800——

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 preschool education for children ages 2-5, Monday through Friday.

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Provided by the organization

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1 program · $276K · in their own filed words · FY2024
01

Valley drive operated a preschool for approximately 60 children ages 2-5

$276Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$257K
Ln 12
Fees for servicesLn 2g$243K
Gifts and grantsLn 1h$14K
Investment incomeLn 3$8
Money outPt IX
$276K
Ln 25
Programscol B$276K
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$96K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Fundraising eventsLn 1c$8K
Fees for servicesLn 2g$243K
Investment incomeLn 3$8
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
Total assetsLn 16$96K
LiabilitiesLn 26$0
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 513
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$114K$96K
Total assetsLn 16$114K$96K
LiabilitiesLn 26$0$0
Net assetsLn 32$114K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$24K$24K
Other salaries and wagesLn 7$164K$164K
Payroll taxesLn 10$15K$15K
Advertising and promotionLn 12$409$409
Office expensesLn 13$3K$3K
OccupancyLn 16$39K$39K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$17K$17K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$276K$276K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $257K$276K−$19K$96K 990 PDF
FY2023 $253K$262K−$9K$114K 990 PDF
FY2022 $240K$262K−$22K$124K 990 PDF
FY2021 $280K$246K$34K$145K 990 PDF
FY2020 $228K$213K$15K$111K 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 FY2024 990 (6 parts)
Part I · Summary $257,087 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,385$14,337
I-9 Program service revenuePrior year $229,582$242,742
I-10 Investment incomePrior year $10$8
I-11 Other revenue$0
I-12 Total revenuePrior year $252,977$257,087
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $194,188$203,214
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $68,230$72,555
I-18 Total expensesPrior year $262,418$275,769
I-19 Revenue less expensesPrior year −$9,441−$18,682
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $257,087 across 7 lines filed
VIII-1c Fundraising events$7,992
VIII-1f All other contributions, gifts and grants$6,345
VIII-1h Total contributions, gifts and grants$14,337
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $242,742$242,742
VIII-3 Investment incomeRelated to mission $8$8
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $242,750 · Unrelated business $0 · Excluded from tax $0$257,087
Part IX · Statement of functional expenses $275,769 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $24,271$24,271
IX-7 Other salaries and wagesPrograms $164,429$164,429
IX-10 Payroll taxesPrograms $14,514$14,514
IX-12 Advertising and promotionPrograms $409$409
IX-13 Office expensesPrograms $3,203$3,203
IX-16 OccupancyPrograms $39,417$39,417
IX-23 InsurancePrograms $5,822$5,822
IX-24 Other expenses (24a–d)Programs $17,184$17,184
IX-24e All other expensesPrograms $6,520$6,520
IX-25 Total functional expensesPrograms $275,769 · Management $0 · Fundraising $0$275,769
Part X · Balance sheet $95,586 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $114,268$95,586
X-16 Total assetsStart of year $114,268$95,586
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $114,268$95,586
X-33 Total liabilities and net assetsStart of year $114,268$95,586
Part XI · Reconciliation of net assets $95,586 net assets at year end
XI-1 Total revenue$257,087
XI-2 Total expenses$275,769
XI-3 Revenue less expenses−$18,682
XI-4 Net assets at start of year$114,268
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$95,586

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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