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Precious One Learning Center INC FY2020 filing

Tax-deductible

Florence, SC501(c)(3)Since 2015 EIN 57-1059135Revenue $649K in FY2020

On file with the IRS822 S Cashua Dr, 29501-6373 · Florence, SCTax-exempt since Apr 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To provide quality childcare and after-school programs and services for low income parents and caregivers (adults). These services are provided so that adults can work or attend school. The SC first steps and abc programs greatly assist these efforts.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
3 of 5
filings with a surplus
Average surplus $94K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$646K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$649K
Spent
$594K
To programs
69%
Net assets
$454K
By yearFY2020–FY2025
Revenue
$649K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$649K
FY2022$1.1M
FY2023$452K
FY2024$654K
FY2025$594K
Expenses
$594K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$594K
FY2022$582K
FY2023$542K
FY2024$595K
FY2025$615K
Net assets
$454K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$454K
FY2022$731K
FY2023$536K
FY2024$462K
FY2025$441K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2016.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $412K Management & general 31% · $182K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
John Brown
Vice President
$0Pt VII · Sec A
Erica Jones
Secretary
$0Pt VII · Sec A
Edell George
President
$0Pt VII · Sec A
See Precious One Learning Center 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 15aNo

Programs and updates

Offers childcare and after-school programs so parents can work or attend school.

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Provided by the organization

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1 program · $412K · in their own filed words · FY2020
01

Provided daycare and after-school programs for low income families in the florence, SC area.

$412Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$649K
Ln 12
Gifts and grantsLn 1h$649K
Money outPt IX
$594K
Ln 25
Programscol B$412K
Managementcol C$182K
Owns and owesPt X
$454K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$1.1M
LiabilitiesLn 26$646K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$649K
Government grantsLn 1e$336K
Total revenueLn 12$649K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$646K
Net assetsLn 32$454K
OperationsPt I, VI
EmployeesI 516
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 FY20End FY20
Cash and savingsLn 1–2$500$16K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$500$1.1M
LiabilitiesLn 26$0$646K
Net assetsLn 32$500$454K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$362K$345K$17K
Accounting feesLn 11c$10K$10K
OccupancyLn 16$115K$115K
TravelLn 17$5K$5K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$62K$62K
All other expensesLn 24e$25K$25K
Total functional expensesLn 25$594K$412K$182K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $594K$615K−$21K$441K 990 PDF
FY2024 $654K$595K$59K$462K 990 PDF
FY2023 $452K$542K−$90K$536K 990 PDF
FY2022 $1.1M$582K$469K$731K 990 PDF
FY2021 Not on file
FY2020 Viewing $649K$594K$55K$454K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $649,394 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $197,446$649,394
I-9 Program service revenuePrior year $438,696$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $636,142$649,394
I-13 Grants and similar amounts paidPrior year $267,472$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $285,993$362,259
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $82,868$231,974
I-18 Total expensesPrior year $636,333$594,233
I-19 Revenue less expensesPrior year −$191$55,161
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $649,394 across 4 lines filed
VIII-1e Government grants$336,250
VIII-1f All other contributions, gifts and grants$313,144
VIII-1h Total contributions, gifts and grants$649,394
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$649,394
Part IX · Statement of functional expenses $594,233 across 7 lines filed
IX-7 Other salaries and wagesPrograms $344,765 · Management $17,494$362,259
IX-11c Accounting feesManagement $9,800$9,800
IX-16 OccupancyManagement $114,946$114,946
IX-17 TravelPrograms $5,000$5,000
IX-23 InsuranceManagement $15,228$15,228
IX-24 Other expenses (24a–d)Programs $62,000$62,000
IX-24e All other expensesManagement $25,000$25,000
IX-25 Total functional expensesPrograms $411,765 · Management $182,468 · Fundraising $0$594,233
Part X · Balance sheet $1,100,328 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $500$16,328
X-10c Land, buildings and equipment, net$1,084,000
X-16 Total assetsStart of year $500$1,100,328
X-26 Total liabilitiesStart of year $0$646,000
X-27 Net assets without donor restrictionsStart of year $500$454,328
X-32 Total net assets or fund balancesStart of year $500$454,328
X-33 Total liabilities and net assetsStart of year $500$1,100,328
Part XI · Reconciliation of net assets $454,328 net assets at year end
XI-1 Total revenue$649,394
XI-2 Total expenses$594,233
XI-3 Revenue less expenses$55,161
XI-4 Net assets at start of year$500
XI-8 Prior period adjustments$398,667
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$454,328

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

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