Faulkner Kindergarten FY2024 filing

Tax-deductible

N Billerica, MA501(c)(3)EducationEIN 83-3735857Revenue $124K in FY2024

On file with the IRS25 Faulkner St, 01862-1501 · N Billerica, MATax-exempt since Jan 2023School — 170(b)(1)(A)(ii)

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Education of preschool, pre-Kindergarten and Kindergarten

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
1 of 3
filings with a surplus
Average surplus $135K a year · 55% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 17.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$20K
3% of total assets
Looks good: liabilities are 3% 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
$124K
-76% vs prior year
Spent
$125K
To programs
95%
Net assets
$598K
By yearFY2023–FY2025
Revenue
$124K
FY2024▼ -76%
Tap a bar for its year
Revenue by fiscal year
FY2023$514K
FY2024$124K
FY2025$100K
Expenses
$125K
FY2024▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2023$81K
FY2024$125K
FY2025$127K
Net assets
$598K
FY2024-0.08%
Tap a bar for its year
Net assets by fiscal year
FY2023$598K
FY2024$598K
FY2025$570K

From the FY2024 Form 990 (year ending August 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2022-01-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jan 2023.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $119K Management & general 5% · $6K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Faulkner Kindergarten executive salaries →

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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 15aNo

Programs and updates

Provides educational programs for young children, from preschool through kindergarten.

Provided by the organization

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3 programs · $119K · in their own filed words · FY2023
01

Kindergarten program included k, pre-k 5 and preschool 10 students and 3 staff members. This program provided early childhood education to students from the local community.

$118Kprogram expense
02

Community service for cub scouts pack 88/PACK 41 consisting of 10 children benefiting from the program and utilizing our building for supports and activities. Community service for girl scouts troop 60394 consisting of 10 children benefiting from the program and utilizing our building for supports and activities.

$303program expense
03

Boy scouts of america troop 47 consisting of 15 scouts utilizing our building for supports and activities.

$303program expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$124K
Ln 12
Gifts and grantsLn 1h$124K
Money outPt IX
$125K
Ln 25
Programscol B$119K
Managementcol C$6K
Owns and owesPt X
$598K
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$618K
LiabilitiesLn 26$20K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$124K
Government grantsLn 1e$30K
Total revenueLn 12$124K
Assets in detailPt X, end of year
CashLn 1$182K
Cash and savings togetherLn 1–2$182K
Land, buildings, equipmentLn 10c$436K
Total assetsLn 16$618K
LiabilitiesLn 26$20K
Net assetsLn 32$598K
OperationsPt I, VI
EmployeesI 55
VolunteersI 66
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$174K$182K
Land, buildings, equipmentLn 10c$442K$436K
Total assetsLn 16$616K$618K
LiabilitiesLn 26$18K$20K
Net assetsLn 32$598K$598K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$83K$83K$0$0
Payroll taxesLn 10$8K$8K$0$0
Office expensesLn 13$303$303$0$0
Conferences, conventions and meetingsLn 19$277$0$277$0
Depreciation, depletion and amortizationLn 22$6K$4K$1K$0
InsuranceLn 23$2K$2K$482$0
Other expenses (24a–d)Ln 24$11K$10K$1K$0
All other expensesLn 24e$13K$11K$2K$0
Total functional expensesLn 25$125K$119K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $100K$127K−$27K$570K 990 PDF
FY2024 Viewing $124K$125K−$493$598K 990 PDF
FY2023 $514K$81K$433K$598K 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 FY2024 990 (6 parts)
Part I · Summary $124,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $513,540$124,212
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $513,540$124,212
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $55,846$91,292
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $25,158$33,413
I-18 Total expensesPrior year $81,004$124,705
I-19 Revenue less expensesPrior year $432,536−$493
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $124,212 across 4 lines filed
VIII-1e Government grants$29,925
VIII-1f All other contributions, gifts and grants$94,287
VIII-1h Total contributions, gifts and grants$124,212
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$124,212
Part IX · Statement of functional expenses $124,705 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,300 · Management $0 · Fundraising $0$83,300
IX-10 Payroll taxesPrograms $7,992 · Management $0 · Fundraising $0$7,992
IX-13 Office expensesPrograms $303 · Management $0 · Fundraising $0$303
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $277 · Fundraising $0$277
IX-22 Depreciation, depletion and amortizationPrograms $4,462 · Management $1,115 · Fundraising $0$5,577
IX-23 InsurancePrograms $1,928 · Management $482 · Fundraising $0$2,410
IX-24 Other expenses (24a–d)Programs $10,014 · Management $1,412 · Fundraising $0$11,426
IX-24e All other expensesPrograms $10,928 · Management $2,492 · Fundraising $0$13,420
IX-25 Total functional expensesPrograms $118,927 · Management $5,778 · Fundraising $0$124,705
Part X · Balance sheet $617,699 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $174,133$181,520
X-10c Land, buildings and equipment, netStart of year $441,755$436,179
X-16 Total assetsStart of year $615,888$617,699
X-25 Other liabilitiesStart of year $17,724$20,027
X-26 Total liabilitiesStart of year $17,724$20,027
X-27 Net assets without donor restrictionsStart of year $598,164$597,672
X-32 Total net assets or fund balancesStart of year $598,164$597,672
X-33 Total liabilities and net assetsStart of year $615,888$617,699
Part XI · Reconciliation of net assets $597,672 net assets at year end
XI-1 Total revenue$124,212
XI-2 Total expenses$124,705
XI-3 Revenue less expenses−$493
XI-4 Net assets at start of year$598,164
XI-10 Net assets at end of year$597,672

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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