Growing Tree INC FY2022 filing

Tax-deductible

Palm Harbor, FL501(c)(3)EIN 59-2529848Revenue $288K in FY2022

On file with the IRSgtpreschool.org2021 Nebraska Ave, 34683-3824 · Palm Harbor, FLTax-exempt since Feb 1990School — 170(b)(1)(A)(ii)

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Pre-school to provide enhanced learning and social skills for children ages 2-5.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$51K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $86K a year · 26% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 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
$51K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% 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
$288K
-11% vs prior year
Spent
$236K
To programs
100%
Net assets
$174K
By yearFY2021–FY2023
Revenue
$288K
FY2022▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$323K
FY2022$288K
FY2023$382K
Expenses
$236K
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$224K
FY2022$236K
FY2023$275K
Net assets
$174K
FY2022▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2021$121K
FY2022$174K
FY2023$281K

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

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Feb 1990.

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% · $236K

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

8 people listed on the 990; $51K 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
$51,439Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021
Catherine C Driscoll$51,584$51,439$50,423

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 15aNo

Programs and updates

Provides enhanced learning and social skills for children ages 2-5.

Provided by the organization

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1 program · $236K · in their own filed words · FY2021
01

Pre-school to provide enhanced learning and social skills for children ages 2-5.

$236Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$288K
Ln 12
Fees for servicesLn 2g$189K
Gifts and grantsLn 1h$95K
Other incomeLn 4–11$4K
Money outPt IX
$236K
Ln 25
Programscol B$236K
Owns and owesPt X
$174K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$178K
LiabilitiesLn 26$4K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Government grantsLn 1e$37K
Fees for servicesLn 2g$189K
Investment incomeLn 3$2
Other incomeLn 4–11$4K
Total revenueLn 12$288K
Assets in detailPt X, end of year
CashLn 1$165K
Cash and savings togetherLn 1–2$165K
Land, buildings, equipmentLn 10c$13K
Total assetsLn 16$178K
LiabilitiesLn 26$4K
Net assetsLn 32$174K
OperationsPt I, VI
EmployeesI 516
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
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$140K$165K
Land, buildings, equipmentLn 10c$20K$13K
Total assetsLn 16$160K$178K
LiabilitiesLn 26$38K$4K
Net assetsLn 32$121K$174K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$51K$51K
Other salaries and wagesLn 7$129K$129K
Payroll taxesLn 10$14K$14K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$2K$2K
Information technologyLn 14$4K$4K
OccupancyLn 16$5K$5K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$49$49
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$236K$236K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $382K$275K$107K$281K 990 PDF
FY2022 Viewing $288K$236K$53K$174K 990 PDF
FY2021 $323K$224K$100K$121K 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 (6 parts)
Part I · Summary $288,152 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,037$95,314
I-9 Program service revenuePrior year $205,279$189,162
I-10 Investment incomePrior year $3$2
I-11 Other revenuePrior year $2,128$3,674
I-12 Total revenuePrior year $323,447$288,152
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $189,489$194,415
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $34,231$41,212
I-18 Total expensesPrior year $223,720$235,627
I-19 Revenue less expensesPrior year $99,727$52,525
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $288,152 across 8 lines filed
Lines not itemized here account for $397 of total revenue; see the IRS return.
VIII-1d Related organizations$51,272
VIII-1e Government grants$37,104
VIII-1f All other contributions, gifts and grants$6,938
VIII-1h Total contributions, gifts and grants$95,314
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $189,162$189,162
VIII-3 Investment incomeRelated to mission $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,277$3,277
VIII-12 Total revenueRelated to mission $192,838$288,152
Part IX · Statement of functional expenses $235,627 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $51,439$51,439
IX-7 Other salaries and wagesPrograms $128,766$128,766
IX-10 Payroll taxesPrograms $14,210$14,210
IX-11c Accounting feesPrograms $1,600$1,600
IX-11g Other fees for servicesPrograms $7,235$7,235
IX-13 Office expensesPrograms $2,248$2,248
IX-14 Information technologyPrograms $4,465$4,465
IX-16 OccupancyPrograms $4,689$4,689
IX-19 Conferences, conventions and meetingsPrograms $1,562$1,562
IX-20 InterestPrograms $49$49
IX-22 Depreciation, depletion and amortizationPrograms $6,963$6,963
IX-23 InsurancePrograms $3,802$3,802
IX-24 Other expenses (24a–d)Programs $8,599$8,599
IX-25 Total functional expensesPrograms $235,627 · Management $0 · Fundraising $0$235,627
Part X · Balance sheet $177,829 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $140,237$165,130
X-10c Land, buildings and equipment, netStart of year $19,661$12,699
X-16 Total assetsStart of year $159,898$177,829
X-17 Accounts payable and accrued expensesStart of year $1,355$3,865
X-26 Total liabilitiesStart of year $38,459$3,865
X-27 Net assets without donor restrictionsStart of year $121,439$173,964
X-32 Total net assets or fund balancesStart of year $121,439$173,964
X-33 Total liabilities and net assetsStart of year $159,898$177,829
Part XI · Reconciliation of net assets $173,964 net assets at year end
XI-1 Total revenue$288,152
XI-2 Total expenses$235,627
XI-3 Revenue less expenses$52,525
XI-4 Net assets at start of year$121,439
XI-10 Net assets at end of year$173,964

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

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