Crescent Park Child Development FY2023 filing

Saratoga, CAUnknown exempt organizationEIN 77-0548348Revenue $203K in FY2023

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.

45¢ of each $1 spent went to programs.
$120K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 52% of spending
Concern: pay to officers and key staff is 52% of spending; over 30%.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.8 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
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 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
$203K
+35% vs prior year
Spent
$230K
To programs
45%
Net assets
$220K
By yearFY2021–FY2024
Revenue
$203K
FY2023▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$150K
FY2023$203K
FY2024−$11K
Expenses
$230K
FY2023▼ -65%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$652K
FY2023$230K
FY2024$209K
Net assets
$220K
FY2023▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2021$748K
FY2022$246K
FY2023$220K
FY2024$0

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

45 cents of each dollar spent went to programs.

Program services 45% · $104K Management & general 55% · $126K

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; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$120,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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 · $104K · in their own filed words · FY2022
01

Children education programs and child development consulting.

$104Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$203K
Ln 12
Other incomeLn 4–11$196K
Fees for servicesLn 2g$6K
Investment incomeLn 3$1K
Money outPt IX
$230K
Ln 25
Programscol B$104K
Managementcol C$126K
Owns and owesPt X
$220K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$256K
LiabilitiesLn 26$36K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6K
Investment incomeLn 3$1K
Other incomeLn 4–11$196K
Gains on assetsLn 7$1K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$144K
Cash and savings togetherLn 1–2$169K
Land, buildings, equipmentLn 10c$57K
Other assetsLn 15$30K
Total assetsLn 16$256K
LiabilitiesLn 26$36K
Net assetsLn 32$220K
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 FY23End FY23
Cash and savingsLn 1–2$192K$169K
Land, buildings, equipmentLn 10c$60K$57K
Total assetsLn 16$282K$256K
LiabilitiesLn 26$36K$36K
Net assetsLn 32$246K$220K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$120K$24K$96K
Other employee benefitsLn 9$8K$2K$7K
Payroll taxesLn 10$8K$2K$6K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12−$1−$1
OccupancyLn 16$62K$62K
TravelLn 17$400$400
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$9K$2K$7K
Other expenses (24a–d)Ln 24$9K$7K$2K
All other expensesLn 24e$2K$1K$1K
Total functional expensesLn 25$230K$104K$126K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$11K$209K−$220K$0 990 PDF
FY2023 Viewing $203K$230K−$27K$220K 990 PDF
FY2022 $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 O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $203,275 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,500$0
I-9 Program service revenuePrior year $21,740$6,215
I-10 Investment incomePrior year $61,884$1,148
I-11 Other revenuePrior year $60,018$195,912
I-12 Total revenuePrior year $150,142$203,275
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 $362,629$136,382
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $289,115$93,423
I-18 Total expensesPrior year $651,744$229,805
I-19 Revenue less expensesPrior year −$501,602−$26,530
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
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 $203,275 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,215$6,215
VIII-3 Investment incomeRelated to mission $148$148
VIII-6 Net rental income or lossUnrelated business $62,600$62,600
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,000$1,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $133,312$133,312
VIII-12 Total revenueRelated to mission $140,675 · Unrelated business $62,600 · Excluded from tax $0$203,275
Part IX · Statement of functional expenses $229,805 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $24,000 · Management $96,000$120,000
IX-9 Other employee benefitsPrograms $1,666 · Management $6,664$8,330
IX-10 Payroll taxesPrograms $1,610 · Management $6,442$8,052
IX-11b Legal feesManagement $2,665$2,665
IX-11c Accounting feesManagement $4,318$4,318
IX-12 Advertising and promotionPrograms −$1−$1
IX-16 OccupancyPrograms $62,431$62,431
IX-17 TravelPrograms $400$400
IX-22 Depreciation, depletion and amortizationPrograms $3,454$3,454
IX-23 InsurancePrograms $1,718 · Management $6,872$8,590
IX-24 Other expenses (24a–d)Programs $7,129 · Management $1,949$9,078
IX-24e All other expensesPrograms $1,354 · Management $1,134$2,488
IX-25 Total functional expensesPrograms $103,761 · Management $126,044 · Fundraising $0$229,805
Part X · Balance sheet $255,696 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $191,777$25,000
X-2 Savings and temporary cash investments$143,701
X-10c Land, buildings and equipment, netStart of year $60,449$56,995
X-15 Other assetsStart of year $30,000$30,000
X-16 Total assetsStart of year $282,226$255,696
X-25 Other liabilitiesStart of year $35,950$35,950
X-26 Total liabilitiesStart of year $35,950$35,950
X-32 Total net assets or fund balancesStart of year $246,276$219,746
X-33 Total liabilities and net assetsStart of year $282,226$255,696
Part XI · Reconciliation of net assets $219,746 net assets at year end
XI-1 Total revenue$203,275
XI-2 Total expenses$229,805
XI-3 Revenue less expenses−$26,530
XI-4 Net assets at start of year$246,276
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$219,746

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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