Crescent Park Child Development FY2022 filing

Saratoga, CAUnknown exempt organizationEIN 77-0548348Revenue $150K in FY2022

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.

64¢ of each $1 spent went to programs.
$198K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$198K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.5 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
$36K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$150K
-90% vs prior year
Spent
$652K
To programs
64%
Net assets
$246K
By yearFY2021–FY2024
Revenue
$150K
FY2022▼ -90%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$150K
FY2023$203K
FY2024−$11K
Expenses
$652K
FY2022▼ -52%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$652K
FY2023$230K
FY2024$209K
Net assets
$246K
FY2022▼ -67%
Tap a bar for its year
Net assets by fiscal year
FY2021$748K
FY2022$246K
FY2023$220K
FY2024$0

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 (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

64 cents of each dollar spent went to programs.

Program services 64% · $415K Management & general 36% · $236K

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

5 people listed on the 990; $198K 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
$198,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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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1 program · $415K · in their own filed words · FY2021
01

Children education programs and child development consulting.

$415Kprogram 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 · FY2020
Total grants receivedfrom 2 funders$22K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$150K
Ln 12
Investment incomeLn 3$62K
Other incomeLn 4–11$60K
Fees for servicesLn 2g$22K
Money outPt IX
$652K
Ln 25
Programscol B$415K
Managementcol C$236K
Owns and owesPt X
$246K
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$282K
LiabilitiesLn 26$36K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$22K
Investment incomeLn 3$62K
Other incomeLn 4–11$60K
Gains on assetsLn 7$62K
Total revenueLn 12$150K
Assets in detailPt X, end of year
CashLn 1$192K
Cash and savings togetherLn 1–2$192K
Land, buildings, equipmentLn 10c$60K
Other assetsLn 15$30K
Total assetsLn 16$282K
LiabilitiesLn 26$36K
Net assetsLn 32$246K
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 FY22End FY22
Cash and savingsLn 1–2$633K$192K
Land, buildings, equipmentLn 10c$71K$60K
Total assetsLn 16$748K$282K
LiabilitiesLn 26$0$36K
Net assetsLn 32$748K$246K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$198K$40K$158K
Other salaries and wagesLn 7$112K$112K
Pension plan contributionsLn 8$18K$18K
Other employee benefitsLn 9$14K$8K$6K
Payroll taxesLn 10$20K$16K$4K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$4K$4K
OccupancyLn 16$169K$169K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$8K$5K$3K
Other expenses (24a–d)Ln 24$52K$33K$19K
All other expensesLn 24e$22K$20K$2K
Total functional expensesLn 25$652K$415K$236K$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 Viewing $150K$652K−$502K$246K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $150,142 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $246,526$6,500
I-9 Program service revenuePrior year $1,262,824$21,740
I-10 Investment incomePrior year $43$61,884
I-11 Other revenuePrior year $11,037$60,018
I-12 Total revenuePrior year $1,520,430$150,142
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 $954,933$362,629
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $401,912$289,115
I-18 Total expensesPrior year $1,356,845$651,744
I-19 Revenue less expensesPrior year $163,585−$501,602
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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 $150,142 across 7 lines filed
VIII-1f All other contributions, gifts and grants$6,500
VIII-1h Total contributions, gifts and grants$6,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,740$21,740
VIII-3 Investment incomeRelated to mission $33$33
VIII-6 Net rental income or lossUnrelated business $60,018$60,018
VIII-7 Net gain or loss on sales of assetsRelated to mission $61,851$61,851
VIII-12 Total revenueRelated to mission $83,624 · Unrelated business $60,018 · Excluded from tax $0$150,142
Part IX · Statement of functional expenses $651,744 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $39,600 · Management $158,400$198,000
IX-7 Other salaries and wagesPrograms $112,334$112,334
IX-8 Pension plan contributionsManagement $17,900$17,900
IX-9 Other employee benefitsPrograms $8,424 · Management $5,616$14,040
IX-10 Payroll taxesPrograms $16,284 · Management $4,071$20,355
IX-11b Legal feesManagement $22,233$22,233
IX-11c Accounting feesManagement $4,250$4,250
IX-16 OccupancyPrograms $168,742$168,742
IX-22 Depreciation, depletion and amortizationPrograms $11,738$11,738
IX-23 InsurancePrograms $4,778 · Management $3,186$7,964
IX-24 Other expenses (24a–d)Programs $32,987 · Management $18,832$51,819
IX-24e All other expensesPrograms $20,456 · Management $1,913$22,369
IX-25 Total functional expensesPrograms $415,343 · Management $236,401 · Fundraising $0$651,744
Part X · Balance sheet $282,226 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $632,558$191,777
X-10c Land, buildings and equipment, netStart of year $70,643$60,449
X-15 Other assetsStart of year $39,000$30,000
X-16 Total assetsStart of year $747,878$282,226
X-25 Other liabilitiesStart of year $0$35,950
X-26 Total liabilitiesStart of year $0$35,950
X-32 Total net assets or fund balancesStart of year $747,878$246,276
X-33 Total liabilities and net assetsStart of year $747,878$282,226
Part XI · Reconciliation of net assets $246,276 net assets at year end
XI-1 Total revenue$150,142
XI-2 Total expenses$651,744
XI-3 Revenue less expenses−$501,602
XI-4 Net assets at start of year$747,878
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$246,276

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

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