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Fair Oaks Preschool

IRS exemption revoked

East Calais, VTUnknown exempt organizationEIN 55-0793439Revenue $547K in FY2020

On file with the IRSfairoakspreschool.com115 N Calais Rd · East Calais, VT

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Fair Oaks Preschool center was established in 2002 as a non-profit children's center. The center's mission is to provide affordable, high quality and developmentally appropriate programs for all children. At Fair Oaks Preschool we value diversity and welcome all families without regard to race, religion, ethnic origin, gender, or sexual orientation.

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$258K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$547K
Spent
$677K
To programs
91%
Net assets
$1K

From the FY2020 Form 990 (year ending August 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on January 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $616K Management & general 9% · $58K Fundraising 0% · $3K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Alana Chazan
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Nikhil Pole
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fair Oaks Preschool 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

Programs and updates

Offers affordable, high-quality preschool programs for all children, valuing diversity and welcoming all families.

Questions for Fair Oaks Preschool

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Provided by the organization

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1 program · $616K · in their own filed words · FY2019
01

Fair oaks preschool is a nonprofit childrens center serving families of infants through preschoolers. On march 16TH, 2020 we closed due to COVID-19 and then returned on may 22ND and provided care to families of essential workers, which reduced our student population by approximately 89%.

$616Kprogram 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
Amazonsmile FoundationFY2023$33
Total grants receivedfrom 1 funder$33

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$547K
Ln 12
Fees for servicesLn 2g$517K
Gifts and grantsLn 1h$30K
Investment incomeLn 3$25
Money outPt IX
$677K
Ln 25
Programscol B$616K
Managementcol C$58K
Fundraisingcol D$3K
Owns and owesPt X
$1K
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$260K
LiabilitiesLn 26$258K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$517K
Investment incomeLn 3$25
Total revenueLn 12$547K
Assets in detailPt X, end of year
CashLn 1$137K
SavingsLn 2$109K
Cash and savings togetherLn 1–2$245K
Land, buildings, equipmentLn 10c$295
Other assetsLn 15$14K
Total assetsLn 16$260K
LiabilitiesLn 26$258K
Net assetsLn 32$1K
OperationsPt I, VI
EmployeesI 521
Fiscal year endsHeaderAugust
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$122K$245K
Land, buildings, equipmentLn 10c$816$295
Total assetsLn 16$132K$260K
LiabilitiesLn 26$274$258K
Net assetsLn 32$131K$1K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$409K$395K$13K$1K
Other employee benefitsLn 9$90K$83K$6K$535
Payroll taxesLn 10$37K$32K$4K$371
Accounting feesLn 11c$7K$6K$808$67
Other fees for servicesLn 11g$11K$9K$1K$107
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$10K$8K$1K$95
Information technologyLn 14$2K$2K$235$20
OccupancyLn 16$40K$35K$5K$401
Conferences, conventions and meetingsLn 19$113$113
Depreciation, depletion and amortizationLn 22$521$441$80
InsuranceLn 23$29K$25K$3K$288
Other expenses (24a–d)Ln 24$37K$16K$20K
All other expensesLn 24e$4K$2K$2K$18
Total functional expensesLn 25$677K$616K$58K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $547K$677K−$130K$1K 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 $546,839 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,056$30,076
I-9 Program service revenuePrior year $774,455$516,738
I-10 Investment incomePrior year $16$25
I-11 Other revenue$0
I-12 Total revenuePrior year $799,527$546,839
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $519,975$536,524
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $182,028$140,680
I-18 Total expensesPrior year $702,003$677,204
I-19 Revenue less expensesPrior year $97,524−$130,365
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $546,839 across 6 lines filed
VIII-1c Fundraising events$14,156
VIII-1f All other contributions, gifts and grants$15,920
VIII-1h Total contributions, gifts and grants$30,076
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $516,738$516,738
VIII-3 Investment incomeRelated to mission $25$25
VIII-12 Total revenueRelated to mission $516,763$546,839
Part IX · Statement of functional expenses $677,204 across 14 lines filed
IX-7 Other salaries and wagesPrograms $395,490 · Management $12,925 · Fundraising $1,077$409,492
IX-9 Other employee benefitsPrograms $82,934 · Management $6,422 · Fundraising $535$89,891
IX-10 Payroll taxesPrograms $32,313 · Management $4,457 · Fundraising $371$37,141
IX-11c Accounting feesPrograms $5,859 · Management $808 · Fundraising $67$6,734
IX-11g Other fees for servicesPrograms $9,372 · Management $1,293 · Fundraising $107$10,772
IX-12 Advertising and promotionPrograms $1,190$1,190
IX-13 Office expensesPrograms $8,295 · Management $1,144 · Fundraising $95$9,534
IX-14 Information technologyPrograms $1,705 · Management $235 · Fundraising $20$1,960
IX-16 OccupancyPrograms $34,858 · Management $4,808 · Fundraising $401$40,067
IX-19 Conferences, conventions and meetingsManagement $113$113
IX-22 Depreciation, depletion and amortizationPrograms $441 · Management $80$521
IX-23 InsurancePrograms $25,073 · Management $3,458 · Fundraising $288$28,819
IX-24 Other expenses (24a–d)Programs $16,085 · Management $20,459$36,544
IX-24e All other expensesPrograms $2,392 · Management $2,016 · Fundraising $18$4,426
IX-25 Total functional expensesPrograms $616,007 · Management $58,218 · Fundraising $2,979$677,204
Part X · Balance sheet $259,524 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $27,930$136,639
X-2 Savings and temporary cash investmentsStart of year $94,407$108,609
X-10c Land, buildings and equipment, netStart of year $816$295
X-15 Other assetsStart of year $7,400$13,981
X-16 Total assetsStart of year $131,690$259,524
X-17 Accounts payable and accrued expensesStart of year $274$1,156
X-24 Unsecured notes and loans payable$257,317
X-26 Total liabilitiesStart of year $274$258,473
X-32 Total net assets or fund balancesStart of year $131,416$1,051
X-33 Total liabilities and net assetsStart of year $131,690$259,524
Part XI · Reconciliation of net assets $1,051 net assets at year end
XI-1 Total revenue$546,839
XI-2 Total expenses$677,204
XI-3 Revenue less expenses−$130,365
XI-4 Net assets at start of year$131,416
XI-10 Net assets at end of year$1,051

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

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