Provide educational programming for 39 children, ages 2.9-7 years. The mission of the Learning Circle Preschool is to create child-centered, individualized, developmentally appropriate programs serving preschool children and their families. Our core values are inclusion, diversity and fairness.

501(c)(3) charity; gifts are tax-deductible.
29¢ of each $1 spent went to programs.
Run by 15 volunteers and 8 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
5 of 6
filings with a surplus
Average surplus $40K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
29%
of spending
Concern: 29% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
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
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $350
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$234K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 12 voting members
Looks good: 9 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$589K
-18% vs prior year
Spent
$585K
To programs
29%
Net assets
$531K
By yearFY2019–FY2024
Revenue
$589K
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2019$485K
FY2020$451K
FY2021$571K
FY2022$667K
FY2023$721K
FY2024$589K
Expenses
$585K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2019$454K
FY2020$472K
FY2021$542K
FY2022$585K
FY2023$606K
FY2024$585K
Net assets
$531K
FY2024▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2019$320K
FY2020$300K
FY2021$330K
FY2022$411K
FY2023$527K
FY2024$531K

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 Sep 2006.

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

Where the money goes

29 cents of each dollar spent went to programs.

Program services 29% · $168K Management & general 71% · $416K Fundraising 0% · $1K

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

10 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director & President
$70,716Pt VII · Sec A
$51,657Pt VII · Sec A
Community Representative
$3,614Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A

Katrina Selawsky’s $71K as Director & President is at the 63rd 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Katrina Selawsky$70,716$89,384$86,889$69,161$70,993$66,087
Kimberly Osbourne$51,657$49,670$49,667$39,835——
Kimberly Osborne————$28,481—
Kim Osborne—————$19,058
Laura Kurlinski$3,614—————

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 The Learning Circle 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

Programs and updates

Offers child-centered preschool programs for young children and their families.

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Provided by the organization

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1 program · $168K · in their own filed words · FY2024
01

Provide educational programming for 39 children at any one time, ages 2.9-7 years. The mission of the Learning Circle Preschool is to create child-centered, individualized, developmentally appropriate programs serving preschool children and their families. Our core values are inclusion, diversity and fairness.

$168Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$350

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$589K
Ln 12
Fees for servicesLn 2g$510K
Gifts and grantsLn 1h$69K
Investment incomeLn 3$11K
Money outPt IX
$585K
Ln 25
Programscol B$168K
Managementcol C$416K
Fundraisingcol D$1K
Owns and owesPt X
$531K
net assets · Ln 32
Cash and savingsLn 1–2$374K
Total assetsLn 16$765K
LiabilitiesLn 26$234K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Government grantsLn 1e$49K
Fees for servicesLn 2g$510K
Investment incomeLn 3$11K
Total revenueLn 12$589K
Assets in detailPt X, end of year
CashLn 1$102K
SavingsLn 2$272K
Cash and savings togetherLn 1–2$374K
Land, buildings, equipmentLn 10c$107K
Total assetsLn 16$765K
LiabilitiesLn 26$234K
Net assetsLn 32$531K
OperationsPt I, VI
EmployeesI 58
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$313K$374K
Land, buildings, equipmentLn 10c$105K$107K
Total assetsLn 16$556K$765K
LiabilitiesLn 26$30K$234K
Net assetsLn 32$527K$531K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K$51K$20K$0
Other salaries and wagesLn 7$309K$0$309K$0
Other employee benefitsLn 9$33K$0$33K$0
Payroll taxesLn 10$12$10$2$0
Management feesLn 11a$1K$0$1K$0
Accounting feesLn 11c$20K$0$20K$0
Advertising and promotionLn 12$526$0$526$0
Office expensesLn 13$3K$0$3K$0
Information technologyLn 14$1K$1K$0$0
OccupancyLn 16$49K$40K$10K$0
Depreciation, depletion and amortizationLn 22$11K$11K$0$0
InsuranceLn 23$6K$0$6K$0
Other expenses (24a–d)Ln 24$16K$13K$2K$1K
All other expensesLn 24e$63K$52K$11K$0
Total functional expensesLn 25$585K$168K$416K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $589K$585K$4K$531K 990 PDF
FY2023 $721K$606K$115K$527K 990 PDF
FY2022 $667K$585K$82K$411K 990 PDF
FY2021 $571K$542K$30K$330K 990 PDF
FY2020 $451K$472K−$21K$300K 990 PDF
FY2019 $485K$454K$31K$320K 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 FY2024 990 (6 parts)
Part I · Summary $589,472 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,424$68,518
I-9 Program service revenuePrior year $602,096$510,014
I-10 Investment incomePrior year $2,821$10,940
I-11 Other revenue$0
I-12 Total revenuePrior year $721,341$589,472
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $437,828$413,632
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $168,127$171,383
I-18 Total expensesPrior year $605,955$585,015
I-19 Revenue less expensesPrior year $115,386$4,457
Part VI · Governance 9 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $589,472 across 6 lines filed
VIII-1e Government grants$48,572
VIII-1f All other contributions, gifts and grants$19,946
VIII-1h Total contributions, gifts and grants$68,518
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$510,014
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $10,940$10,940
VIII-12 Total revenueRelated to mission $510,014 · Unrelated business $0 · Excluded from tax $10,940$589,472
Part IX · Statement of functional expenses $585,015 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,897 · Management $20,060 · Fundraising $0$70,957
IX-7 Other salaries and wagesPrograms $0 · Management $309,246 · Fundraising $0$309,246
IX-9 Other employee benefitsPrograms $0 · Management $33,417 · Fundraising $0$33,417
IX-10 Payroll taxesPrograms $10 · Management $2 · Fundraising $0$12
IX-11a Management feesPrograms $0 · Management $1,121 · Fundraising $0$1,121
IX-11c Accounting feesPrograms $0 · Management $19,801 · Fundraising $0$19,801
IX-12 Advertising and promotionPrograms $0 · Management $526 · Fundraising $0$526
IX-13 Office expensesPrograms $0 · Management $2,911 · Fundraising $0$2,911
IX-14 Information technologyPrograms $1,350 · Management $0 · Fundraising $0$1,350
IX-16 OccupancyPrograms $39,524 · Management $9,881 · Fundraising $0$49,405
IX-22 Depreciation, depletion and amortizationPrograms $10,958 · Management $0 · Fundraising $0$10,958
IX-23 InsurancePrograms $0 · Management $6,097 · Fundraising $0$6,097
IX-24 Other expenses (24a–d)Programs $13,073 · Management $1,918 · Fundraising $1,030$16,021
IX-24e All other expensesPrograms $52,101 · Management $11,092 · Fundraising $0$63,193
IX-25 Total functional expensesPrograms $167,913 · Management $416,072 · Fundraising $1,030$585,015
Part X · Balance sheet $765,142 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $90,131$102,202
X-2 Savings and temporary cash investmentsStart of year $223,083$271,544
X-4 Accounts receivableStart of year $138,378$280,343
X-9 Prepaid expenses and deferred chargesStart of year $0$3,603
X-10c Land, buildings and equipment, netStart of year $104,908$107,450
X-16 Total assetsStart of year $556,500$765,142
X-17 Accounts payable and accrued expensesStart of year $19,522$17,382
X-19 Deferred revenueStart of year $10,200$216,525
X-26 Total liabilitiesStart of year $29,722$233,907
X-32 Total net assets or fund balancesStart of year $526,778$531,235
X-33 Total liabilities and net assetsStart of year $556,500$765,142
Part XI · Reconciliation of net assets $531,235 net assets at year end
XI-1 Total revenue$589,472
XI-2 Total expenses$585,015
XI-3 Revenue less expenses$4,457
XI-4 Net assets at start of year$526,778
XI-10 Net assets at end of year$531,235

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

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