The specific purpose of this corporation is to operate a preschool.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
3 of 3
filings with a surplus
Average surplus $40K a year · 13% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 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
$378K
+20% vs prior year
Spent
$331K
To programs
100%
Net assets
$167K
By yearFY2021–FY2024
Revenue
$378K
FY2024▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2021$140K
FY2022$250K
FY2023$316K
FY2024$378K
Expenses
$331K
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$220K
FY2023$273K
FY2024$331K
Net assets
$167K
FY2024▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2021$81K
FY2022$24K
FY2023$121K
FY2024$167K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $331K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
$20,000Pt VII · Sec A
Secretary an
$0Pt VII · Sec A

Sung Ja Ahn’s $20K as CEO is at the 11th 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Sung Ja Ahn$20,000$14,000$12,000$6,400

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.

See Smiles Childcare 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

Operates a preschool for young children.

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Provided by the organization

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1 program · $331K · in their own filed words · FY2024
01

In 2024, we have continuously cared for children birth to age six. Around twenty nine kids have enrolled per month.

$331Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$378K
Ln 12
Fees for servicesLn 2g$378K
Investment incomeLn 3$24
Money outPt IX
$331K
Ln 25
Programscol B$331K
Owns and owesPt X
$167K
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$173K
LiabilitiesLn 26$6K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$378K
Investment incomeLn 3$24
Total revenueLn 12$378K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$118K
Cash and savings togetherLn 1–2$143K
Land, buildings, equipmentLn 10c$30K
Total assetsLn 16$173K
LiabilitiesLn 26$6K
Net assetsLn 32$167K
OperationsPt I, VI
EmployeesI 513
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$96K$143K
Land, buildings, equipmentLn 10c$27K$30K
Total assetsLn 16$123K$173K
LiabilitiesLn 26$2K$6K
Net assetsLn 32$121K$167K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$20K$20K
Other salaries and wagesLn 7$145K$145K
Payroll taxesLn 10$16K$16K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$951$951
OccupancyLn 16$76K$76K
Depreciation, depletion and amortizationLn 22$428$428
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$41K$41K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$331K$331K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $378K$331K$47K$167K 990 PDF
FY2023 $316K$273K$43K$121K 990 PDF
FY2022 $250K$220K$30K$24K 990 PDF
FY2021 $140K$81K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $377,750 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,978$0
I-9 Program service revenuePrior year $299,707$377,726
I-10 Investment incomePrior year $2$24
I-11 Other revenue$0
I-12 Total revenuePrior year $315,687$377,750
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $134,058$180,772
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $138,487$150,264
I-18 Total expensesPrior year $272,545$331,036
I-19 Revenue less expensesPrior year $43,142$46,714
Part VI · Governance 3 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $377,750 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $377,726$377,726
VIII-3 Investment incomeExcluded from tax $24$24
VIII-12 Total revenueRelated to mission $377,726 · Excluded from tax $24$377,750
Part IX · Statement of functional expenses $331,036 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $20,000$20,000
IX-7 Other salaries and wagesPrograms $144,809$144,809
IX-10 Payroll taxesPrograms $15,963$15,963
IX-11c Accounting feesPrograms $4,045$4,045
IX-11g Other fees for servicesPrograms $9,236$9,236
IX-12 Advertising and promotionPrograms $951$951
IX-16 OccupancyPrograms $76,170$76,170
IX-22 Depreciation, depletion and amortizationPrograms $428$428
IX-23 InsurancePrograms $6,736$6,736
IX-24 Other expenses (24a–d)Programs $41,394$41,394
IX-24e All other expensesPrograms $11,304$11,304
IX-25 Total functional expensesPrograms $331,036 · Management $0 · Fundraising $0$331,036
Part X · Balance sheet $172,618 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $15,817$25,361
X-2 Savings and temporary cash investmentsStart of year $80,532$117,514
X-10c Land, buildings and equipment, netStart of year $26,771$29,743
X-16 Total assetsStart of year $123,120$172,618
X-17 Accounts payable and accrued expensesStart of year $1,089$2,301
X-25 Other liabilitiesStart of year $1,224$3,448
X-26 Total liabilitiesStart of year $2,313$5,749
X-32 Total net assets or fund balancesStart of year $120,807$166,869
X-33 Total liabilities and net assetsStart of year $123,120$172,618
Part XI · Reconciliation of net assets $166,869 net assets at year end
XI-1 Total revenue$377,750
XI-2 Total expenses$331,036
XI-3 Revenue less expenses$46,714
XI-4 Net assets at start of year$120,807
XI-8 Prior period adjustments−$652
XI-10 Net assets at end of year$166,869

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

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