Paradise Place FY2021 filing

Tax-deductible

Crested Butte, CO501(c)(3)Since 2017Human ServicesEIN 82-2600011Revenue $661K in FY2021

On file with the IRSparadisepreschool.comPo Box 787, 81224-0787 · Crested Butte, COTax-exempt since Sep 2017Publicly supported — 509(a)(2)

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A reggio emilia inspired play-based preschool using the pyramid plus approach in teaching to promote the social and emotional development and inclusion of all children.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $6K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $58K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$161K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$661K
+26% vs prior year
Spent
$559K
To programs
80%
Net assets
$174K
By yearFY2020–FY2025
Revenue
$661K
FY2021▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$526K
FY2021$661K
FY2022$624K
FY2023$531K
FY2024$508K
FY2025$357K
Expenses
$559K
FY2021▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$474K
FY2021$559K
FY2022$596K
FY2023$583K
FY2024$531K
FY2025$430K
Net assets
$174K
FY2021▲ +141%
Tap a bar for its year
Net assets by fiscal year
FY2020$72K
FY2021$174K
FY2022$202K
FY2023$153K
FY2024$138K
FY2025$66K

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

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2017.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $448K Management & general 19% · $108K Fundraising 0% · $2K

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

8 people listed on the 990; $52K 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
Executive Director
$52,250Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Baord Member
$0Pt VII · Sec A

Regina Tafoya’s $54K as Executive Director is at the 43rd percentile of top reported officer pay among 2168 $100K–1M human services 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Laura Gutierrez—$60,000————
Ben Poswalk——$22,033$57,563$52,250$52,542
Regina Tafoya$54,002—$34,000———
Kara Collin$7,177—————

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

Nurtures children's social and emotional growth through play-based learning and inclusion.

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Provided by the organization

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1 program · $448K · in their own filed words · FY2020
01

Provide education of preschool age children and daycare services for 1 to 11 year olds

$448Kprogram 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$58K
Grants paid · 3 grants · $54K · 2019–2021
Unitemized GrantFY2021$23,049
Unitemized GrantFY2020$13,372
Unitemized GrantFY2019$17,505

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$661K
Ln 12
Fees for servicesLn 2g$415K
Gifts and grantsLn 1h$241K
Investment incomeLn 3$5K
Money outPt IX
$559K
Ln 25
Programscol B$448K
Managementcol C$108K
Fundraisingcol D$2K
Owns and owesPt X
$174K
net assets · Ln 32
Cash and savingsLn 1–2$292K
Total assetsLn 16$335K
LiabilitiesLn 26$161K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$241K
Government grantsLn 1e$70K
Fundraising eventsLn 1c$21K
Fees for servicesLn 2g$415K
Investment incomeLn 3$5K
Total revenueLn 12$661K
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$202K
Cash and savings togetherLn 1–2$292K
Land, buildings, equipmentLn 10c$24K
Other assetsLn 15$19K
Total assetsLn 16$335K
LiabilitiesLn 26$161K
Net assetsLn 32$174K
OperationsPt I, VI
EmployeesI 520
VolunteersI 650
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$216K$292K
Land, buildings, equipmentLn 10c$0$24K
Total assetsLn 16$231K$335K
LiabilitiesLn 26$159K$161K
Net assetsLn 32$72K$174K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$13K$13K
Pay of current officers, directors and key staffLn 5$52K$0$52K$0
Other salaries and wagesLn 7$317K$290K$27K$0
Other employee benefitsLn 9$15K$7K$8K$0
Payroll taxesLn 10$40K$31K$9K$0
Accounting feesLn 11c$4K$3K$712$0
Other fees for servicesLn 11g$2K$2K$0$0
Advertising and promotionLn 12$3K$3K$0$0
Office expensesLn 13$8K$676$7K$0
Information technologyLn 14$1K$0$1K$0
OccupancyLn 16$59K$59K$0$0
Conferences, conventions and meetingsLn 19$4K$4K$0$0
InterestLn 20$150$150$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$8K$8K$635$0
Other expenses (24a–d)Ln 24$21K$19K$3K$0
All other expensesLn 24e$10K$8K$327$2K
Total functional expensesLn 25$559K$448K$108K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $357K$430K−$72K$66K 990 PDF
FY2024 $508K$531K−$23K$138K 990 PDF
FY2023 $531K$583K−$52K$153K 990 PDF
FY2022 $624K$596K$28K$202K 990 PDF
FY2021 Viewing $661K$559K$102K$174K 990 PDF
FY2020 $526K$474K$52K$72K 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 FY2021 990 (6 parts)
Part I · Summary $660,762 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $179,266$240,909
I-9 Program service revenuePrior year $345,410$415,102
I-10 Investment incomePrior year $842$4,751
I-11 Other revenuePrior year $272$0
I-12 Total revenuePrior year $525,790$660,762
I-13 Grants and similar amounts paidPrior year $17,767$13,372
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $340,601$423,718
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $115,280$121,983
I-18 Total expensesPrior year $473,648$559,073
I-19 Revenue less expensesPrior year $52,142$101,689
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $660,762 across 7 lines filed
VIII-1c Fundraising events$20,560
VIII-1e Government grants$69,519
VIII-1f All other contributions, gifts and grants$150,830
VIII-1h Total contributions, gifts and grants$240,909
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$415,102
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$4,751
VIII-12 Total revenueRelated to mission $419,853 · Unrelated business $0 · Excluded from tax $0$660,762
Part IX · Statement of functional expenses $559,073 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $13,372$13,372
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $52,250 · Fundraising $0$52,250
IX-7 Other salaries and wagesPrograms $290,135 · Management $26,630 · Fundraising $0$316,765
IX-9 Other employee benefitsPrograms $6,945 · Management $7,986 · Fundraising $0$14,931
IX-10 Payroll taxesPrograms $31,269 · Management $8,503 · Fundraising $0$39,772
IX-11c Accounting feesPrograms $3,065 · Management $712 · Fundraising $0$3,777
IX-11g Other fees for servicesPrograms $2,430 · Management $0 · Fundraising $0$2,430
IX-12 Advertising and promotionPrograms $3,497 · Management $0 · Fundraising $0$3,497
IX-13 Office expensesPrograms $676 · Management $7,198 · Fundraising $0$7,874
IX-14 Information technologyPrograms $0 · Management $1,272 · Fundraising $0$1,272
IX-16 OccupancyPrograms $58,936 · Management $0 · Fundraising $0$58,936
IX-19 Conferences, conventions and meetingsPrograms $3,865 · Management $0 · Fundraising $0$3,865
IX-20 InterestPrograms $150 · Management $0 · Fundraising $0$150
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $7,764 · Management $635 · Fundraising $0$8,399
IX-24 Other expenses (24a–d)Programs $18,680 · Management $2,610 · Fundraising $0$21,290
IX-24e All other expensesPrograms $7,708 · Management $327 · Fundraising $2,458$10,493
IX-25 Total functional expensesPrograms $448,492 · Management $108,123 · Fundraising $2,458$559,073
Part X · Balance sheet $335,134 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $64,644$89,957
X-2 Savings and temporary cash investmentsStart of year $151,562$201,876
X-9 Prepaid expenses and deferred chargesStart of year $46$0
X-10c Land, buildings and equipment, netStart of year $0$23,881
X-15 Other assetsStart of year $15,093$19,420
X-16 Total assetsStart of year $231,345$335,134
X-17 Accounts payable and accrued expensesStart of year $9,377$11,477
X-24 Unsecured notes and loans payableStart of year $149,900$149,900
X-26 Total liabilitiesStart of year $159,277$161,377
X-27 Net assets without donor restrictionsStart of year $62,068$163,757
X-28 Net assets with donor restrictionsStart of year $10,000$10,000
X-32 Total net assets or fund balancesStart of year $72,068$173,757
X-33 Total liabilities and net assetsStart of year $231,345$335,134
Part XI · Reconciliation of net assets $173,757 net assets at year end
XI-1 Total revenue$660,762
XI-2 Total expenses$559,073
XI-3 Revenue less expenses$101,689
XI-4 Net assets at start of year$72,068
XI-10 Net assets at end of year$173,757

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

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