Joyce Preschool FY2023 filing

Minneapolis, MNUnknown exempt organizationEIN 81-0594016Revenue $771K in FY2023

On file with the IRSjoycepreschool.org3400 Park Ave · Minneapolis, MN

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To provide children from diverse backgrounds with a culturally affirming educational experience.

66¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

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 $91K a year · 11% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $62K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$56K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$771K
-21% vs prior year
Spent
$1.0M
To programs
66%
Net assets
$255K
By yearFY2021–FY2024
Revenue
$771K
FY2023▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$981K
FY2023$771K
FY2024$495K
Expenses
$1.0M
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$936K
FY2022$1.0M
FY2023$1.0M
FY2024$725K
Net assets
$255K
FY2023▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2021$549K
FY2022$493K
FY2023$255K
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

66 cents of each dollar spent went to programs.

Program services 66% · $670K Management & general 23% · $229K Fundraising 11% · $110K

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

12 people listed on the 990; $81K 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
Executive Director
$80,929Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Ryan Mulso$66,501$80,929——
Laura Blackmar-Tompkins———$79,196
Emily Halstead Interim——$44,033—
Andrea Jauli$16,237———

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

Offers culturally affirming education to children from diverse backgrounds.

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Provided by the organization

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1 program · $670K · in their own filed words · FY2022
01

Provided bilingual (spanish-english) early childhood education and family support services to approximately 125 families. In addition to the high-quality, anti-bias preschool curriculum and bilingual teaching staff who reflect the families in the program, joyce offers parent workshops, individual support through home visiting, and…

$670Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$62K
Grants paid · 5 grants · $429K · 2020–2023
Unitemized GrantFY2023$65,596
Unitemized GrantFY2022$107,410
Unitemized GrantFY2021$136,073
Unitemized GrantFY2020$118,839
Unitemized GrantFY2020$1,122

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$771K
Ln 12
Fees for servicesLn 2g$435K
Gifts and grantsLn 1h$330K
Other incomeLn 4–11$5K
Money outPt IX
$1.0M
Ln 25
Programscol B$670K
Managementcol C$229K
Fundraisingcol D$110K
Owns and owesPt X
$255K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$311K
LiabilitiesLn 26$56K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$330K
Government grantsLn 1e$87K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$435K
Investment incomeLn 3$1K
Other incomeLn 4–11$5K
Total revenueLn 12$771K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$111K
Cash and savings togetherLn 1–2$171K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$311K
LiabilitiesLn 26$56K
Net assetsLn 32$255K
OperationsPt I, VI
EmployeesI 524
VolunteersI 665
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$402K$171K
Land, buildings, equipmentLn 10c$0$22K
Total assetsLn 16$549K$311K
LiabilitiesLn 26$57K$56K
Net assetsLn 32$493K$255K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$107K$107K
Pay of current officers, directors and key staffLn 5$93K$64K$21K$8K
Other salaries and wagesLn 7$517K$360K$108K$49K
Pension plan contributionsLn 8$4K$3K$2K$31
Other employee benefitsLn 9$28K$17K$10K$189
Payroll taxesLn 10$46K$32K$10K$4K
Accounting feesLn 11c$51K$51K
Other fees for servicesLn 11g$50K$7K$5K$37K
Advertising and promotionLn 12$1K$676$465$54
Office expensesLn 13$13K$7K$5K$459
Information technologyLn 14$12K$303$4K$7K
OccupancyLn 16$44K$30K$10K$4K
Conferences, conventions and meetingsLn 19$1K$341$865
Other expenses (24a–d)Ln 24$42K$40K$1K
All other expensesLn 24e$310$113$197
Total functional expensesLn 25$1.0M$670K$229K$110K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $495K$725K−$230K$0 990 PDF
FY2023 Viewing $771K$1.0M−$238K$255K 990 PDF
FY2022 $981K$1.0M−$56K$493K 990 PDF
FY2021 $1.1M$936K$160K$549K 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 FY2023 990 (6 parts)
Part I · Summary $771,333 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $484,097$329,913
I-9 Program service revenuePrior year $493,725$435,288
I-10 Investment incomePrior year $140$1,161
I-11 Other revenuePrior year $3,284$4,971
I-12 Total revenuePrior year $981,246$771,333
I-13 Grants and similar amounts paidPrior year $136,073$107,410
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $692,869$687,962
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $208,527$213,693
I-18 Total expensesPrior year $1,037,469$1,009,065
I-19 Revenue less expensesPrior year −$56,223−$237,732
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $771,333 across 9 lines filed
VIII-1c Fundraising events$9,909
VIII-1e Government grants$86,975
VIII-1f All other contributions, gifts and grants$233,029
VIII-1h Total contributions, gifts and grants$329,913
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $435,288$435,288
VIII-3 Investment incomeExcluded from tax $1,161$1,161
VIII-8 Net income from fundraising eventsExcluded from tax $3,141$3,141
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,830$1,830
VIII-12 Total revenueRelated to mission $437,118 · Unrelated business $0 · Excluded from tax $4,302$771,333
Part IX · Statement of functional expenses $1,009,065 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $107,410$107,410
IX-5 Pay of current officers, directors and key staffPrograms $64,056 · Management $20,633 · Fundraising $8,045$92,734
IX-7 Other salaries and wagesPrograms $360,449 · Management $107,802 · Fundraising $48,595$516,846
IX-8 Pension plan contributionsPrograms $2,745 · Management $1,669 · Fundraising $31$4,445
IX-9 Other employee benefitsPrograms $17,042 · Management $10,362 · Fundraising $189$27,593
IX-10 Payroll taxesPrograms $32,374 · Management $9,580 · Fundraising $4,390$46,344
IX-11c Accounting feesManagement $51,250$51,250
IX-11g Other fees for servicesPrograms $6,932 · Management $5,310 · Fundraising $37,396$49,638
IX-12 Advertising and promotionPrograms $676 · Management $465 · Fundraising $54$1,195
IX-13 Office expensesPrograms $7,340 · Management $5,352 · Fundraising $459$13,151
IX-14 Information technologyPrograms $303 · Management $3,840 · Fundraising $7,424$11,567
IX-16 OccupancyPrograms $29,576 · Management $10,444 · Fundraising $3,588$43,608
IX-19 Conferences, conventions and meetingsPrograms $341 · Management $865$1,206
IX-24 Other expenses (24a–d)Programs $40,380 · Management $1,388$41,768
IX-24e All other expensesPrograms $113 · Fundraising $197$310
IX-25 Total functional expensesPrograms $669,737 · Management $228,960 · Fundraising $110,368$1,009,065
Part X · Balance sheet $310,620 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $271,263$59,268
X-2 Savings and temporary cash investmentsStart of year $130,292$111,305
X-3 Pledges and grants receivableStart of year $133,607$110,538
X-4 Accounts receivableStart of year $9,103$6,441
X-8 Inventories for sale or useStart of year $1,323$1,211
X-9 Prepaid expenses and deferred chargesStart of year $3,605$0
X-10c Land, buildings and equipment, netStart of year $0$21,857
X-16 Total assetsStart of year $549,193$310,620
X-17 Accounts payable and accrued expensesStart of year $40,599$38,378
X-19 Deferred revenueStart of year $15,995$17,375
X-26 Total liabilitiesStart of year $56,594$55,753
X-27 Net assets without donor restrictionsStart of year $337,842$151,459
X-28 Net assets with donor restrictionsStart of year $154,757$103,408
X-32 Total net assets or fund balancesStart of year $492,599$254,867
X-33 Total liabilities and net assetsStart of year $549,193$310,620
Part XI · Reconciliation of net assets $254,867 net assets at year end
XI-1 Total revenue$771,333
XI-2 Total expenses$1,009,065
XI-3 Revenue less expenses−$237,732
XI-4 Net assets at start of year$492,599
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$254,867

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

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