Crescent Park Child Development FY2021 filing

Saratoga, CAUnknown exempt organizationEIN 77-0548348Revenue $1.5M in FY2021

On file with the IRScrescentparkpreschool.org13110 Ten Oak Way · Saratoga, CA

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The specific purpose of this corporation is to advance early childhood education through public education and the promotion of high-quality childcare.

82¢ of each $1 spent went to programs.
$186K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 4
filings with a surplus
Average deficit $146K a year · 31% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$186K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name 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
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.4M
To programs
82%
Net assets
$748K
By yearFY2021–FY2024
Revenue
$1.5M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$150K
FY2023$203K
FY2024−$11K
Expenses
$1.4M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$652K
FY2023$230K
FY2024$209K
Net assets
$748K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$748K
FY2022$246K
FY2023$220K
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.1M Management & general 18% · $241K

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

4 people listed on the 990; $186K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$186,450Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Stephanie Hill$124,000$120,000$198,000$186,450

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

Promotes high-quality childcare and advances early childhood education through public awareness.

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2020
01

Children education programs and child care services.

$1.1Mprogram expense
02

Annual Silent Auction; proceeds go towards scholarships for families in need and professional development opportunities for teachers.

Pt IX · col B

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 · FY2020
Total grants receivedfrom 2 funders$22K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$247K
Other incomeLn 4–11$11K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$241K
Owns and owesPt X
$748K
net assets · Ln 32
Cash and savingsLn 1–2$633K
Total assetsLn 16$748K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Government grantsLn 1e$200K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$43
Other incomeLn 4–11$11K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$633K
Cash and savings togetherLn 1–2$633K
Land, buildings, equipmentLn 10c$71K
Other assetsLn 15$39K
Total assetsLn 16$748K
LiabilitiesLn 26$0
Net assetsLn 32$748K
OperationsPt I, VI
EmployeesI 523
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$529K$633K
Land, buildings, equipmentLn 10c$77K$71K
Total assetsLn 16$641K$748K
LiabilitiesLn 26$57K$0
Net assetsLn 32$584K$748K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$186K$37K$149K
Other salaries and wagesLn 7$659K$659K
Pension plan contributionsLn 8$14K$14K
Other employee benefitsLn 9$38K$23K$15K
Payroll taxesLn 10$57K$46K$11K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$117$117
OccupancyLn 16$196K$196K
TravelLn 17$254$254
InterestLn 20$45$45
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$16K$9K$6K
Other expenses (24a–d)Ln 24$104K$87K$17K
All other expensesLn 24e$53K$45K$9K
Total functional expensesLn 25$1.4M$1.1M$241K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$11K$209K−$220K$0 990 PDF
FY2023 $203K$230K−$27K$220K 990 PDF
FY2022 $150K$652K−$502K$246K 990 PDF
FY2021 Viewing $1.5M$1.4M$164K$748K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,520,430 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,725$246,526
I-9 Program service revenuePrior year $1,584,372$1,262,824
I-10 Investment incomePrior year $120$43
I-11 Other revenuePrior year $29,404$11,037
I-12 Total revenuePrior year $1,625,621$1,520,430
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $953,711$954,933
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $456,972$401,912
I-18 Total expensesPrior year $1,410,683$1,356,845
I-19 Revenue less expensesPrior year $214,938$163,585
Part VI · Governance 3 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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 $1,520,430 across 7 lines filed
VIII-1e Government grants$200,063
VIII-1f All other contributions, gifts and grants$46,463
VIII-1h Total contributions, gifts and grants$246,526
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,262,824$1,262,824
VIII-3 Investment incomeRelated to mission $43$43
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,037$11,037
VIII-12 Total revenueRelated to mission $1,273,904 · Unrelated business $0 · Excluded from tax $0$1,520,430
Part IX · Statement of functional expenses $1,356,845 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $37,290 · Management $149,160$186,450
IX-7 Other salaries and wagesPrograms $659,150$659,150
IX-8 Pension plan contributionsManagement $13,851$13,851
IX-9 Other employee benefitsPrograms $23,097 · Management $15,398$38,495
IX-10 Payroll taxesPrograms $45,590 · Management $11,397$56,987
IX-11b Legal feesManagement $14,045$14,045
IX-11c Accounting feesManagement $4,350$4,350
IX-12 Advertising and promotionPrograms $117$117
IX-16 OccupancyPrograms $195,953$195,953
IX-17 TravelManagement $254$254
IX-20 InterestManagement $45$45
IX-22 Depreciation, depletion and amortizationPrograms $13,812$13,812
IX-23 InsurancePrograms $9,473 · Management $6,316$15,789
IX-24 Other expenses (24a–d)Programs $86,793 · Management $17,362$104,155
IX-24e All other expensesPrograms $44,793 · Management $8,599$53,392
IX-25 Total functional expensesPrograms $1,116,068 · Management $240,777 · Fundraising $0$1,356,845
Part X · Balance sheet $747,878 assets, 8 lines filed
Asset lines not itemized here account for $5,677; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $529,497$632,558
X-10c Land, buildings and equipment, netStart of year $76,698$70,643
X-15 Other assetsStart of year $30,000$39,000
X-16 Total assetsStart of year $641,172$747,878
X-25 Other liabilitiesStart of year $56,879$0
X-26 Total liabilitiesStart of year $56,879$0
X-32 Total net assets or fund balancesStart of year $584,293$747,878
X-33 Total liabilities and net assetsStart of year $641,172$747,878
Part XI · Reconciliation of net assets $747,878 net assets at year end
XI-1 Total revenue$1,520,430
XI-2 Total expenses$1,356,845
XI-3 Revenue less expenses$163,585
XI-4 Net assets at start of year$584,293
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$747,878

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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