Central Branch School FY2024 filing

Tax-deductible

Seattle, WA501(c)(3)EIN 91-0882254

Our mission at Central Branch Preschool is to provide a play-based preschool experience to develope meaningful and deep relationships with self and others, within a community where children of all races, ethnicities and economic levels learn together and where families of color thrive.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$77K 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
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 5
filings with a surplus
Average surplus $7K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $25K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$54K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$447K
+4% vs prior year
Spent
$485K
To programs
60%
Net assets
$292K
By yearFY2021–FY2025
Revenue
$447K
FY2024▲ +4%
Revenue by fiscal year
FY2021$429K
FY2022$445K
FY2023$428K
FY2024$447K
FY2025$589K
Expenses
$485K
FY2024▲ +0.7%
Expenses by fiscal year
FY2021$381K
FY2022$437K
FY2023$482K
FY2024$485K
FY2025$521K
Net assets
$292K
FY2024▼ -12%
Net assets by fiscal year
FY2021$360K
FY2022$383K
FY2023$330K
FY2024$292K
FY2025$360K

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

You’re viewing the FY2024 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 Jul 1972.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $291K Management & general 40% · $192K Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Dir.
$76,673Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Wendy Simmons$71,054$76,673$90,234$63,732$62,475
Lesli Franklin$74,481————

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 Central Branch School 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 15aYes

Programs and updates

Nurtures children's relationships through play, fostering community and supporting families of color.

Provided by the organization

This section is blank until Central Branch School claims this page.

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1 program service account for $291K of program spending, described in the organization's own filed words · FY2023.
01

We are a 501(c)(3) and we provide early childhood education for children ages 2-5. Current enrollment as of June 30, 2024 is 41.

$291Kprogram expense

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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 · FY2023
Scholar FundFY2023$8K
Total grants receivedfrom 4 funders$25K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$447K
Ln 12
Fees for servicesLn 2g$392K
Gifts and grantsLn 1h$59K
Investment incomeLn 3$3K
Money outPt IX
$485K
Ln 25
Programscol B$291K
Managementcol C$192K
Fundraisingcol D$2K
Owns and owesPt X
$292K
net assets · Ln 32
Cash and savingsLn 1–2$288K
Total assetsLn 16$346K
LiabilitiesLn 26$54K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$59K
Fundraising eventsLn 1c$15K
Fees for servicesLn 2g$392K
Investment incomeLn 3$3K
Gains on assetsLn 7$0
Total revenueLn 12$447K
Assets in detailPt X, end of year
CashLn 1$77K
SavingsLn 2$211K
Cash and savings togetherLn 1–2$288K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$346K
LiabilitiesLn 26$54K
Net assetsLn 32$292K
OperationsPt I, VI
EmployeesI 58
VolunteersI 615
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$302K$288K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$378K$346K
LiabilitiesLn 26$48K$54K
Net assetsLn 32$330K$292K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$77K$19K$58K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$269K$185K$84K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$13K$13K
Payroll taxesLn 10$35K$21K$14K
Management feesLn 11a$0
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$510$510
Advertising and promotionLn 12$0
Office expensesLn 13$3K$3K$48
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$42K$41K$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$22K$19K$3K
All other expensesLn 24e$9K$1K$6K$2K
Total functional expensesLn 25$485K$291K$192K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $589K$521K$68K$360K 990 PDF
FY2024 Viewing $447K$485K−$38K$292K 990 PDF
FY2023 $428K$482K−$54K$330K 990 PDF
FY2022 $445K$437K$9K$383K 990 PDF
FY2021 $429K$381K$48K$360K 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 (4 parts)
Part VIII · Statement of revenue $447,475 across 10 lines filed
VIII-1c Fundraising events$15,487
VIII-1f All other contributions, gifts and grants$43,967
VIII-1h Total contributions, gifts and grants$59,454
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $391,586$391,586
VIII-3 Investment incomeExcluded from tax $3,415$3,415
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events−$6,980
VIII-12 Total revenueRelated to mission $391,586 · Excluded from tax $3,415$447,475
Part IX · Statement of functional expenses $485,466 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $19,168 · Management $57,505$76,673
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $184,880 · Management $84,032$268,912
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $13,082$13,082
IX-10 Payroll taxesPrograms $20,582 · Management $14,267$34,849
IX-11a Management fees$0
IX-11b Legal feesManagement $5,619$5,619
IX-11c Accounting feesManagement $4,026$4,026
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $510$510
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $2,538 · Fundraising $48$2,586
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $40,838 · Management $1,542$42,380
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $5,779$5,779
IX-24 Other expenses (24a–d)Programs $18,841 · Management $3,475$22,316
IX-24e All other expensesPrograms $1,024 · Management $5,522 · Fundraising $2,188$8,734
IX-25 Total functional expensesPrograms $291,112 · Management $192,118 · Fundraising $2,236$485,466
Part X · Balance sheet $345,903 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $78,191$77,223
X-2 Savings and temporary cash investmentsStart of year $223,334$210,857
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $76,665$57,823
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $378,190$345,903
X-17 Accounts payable and accrued expensesStart of year $2,426$4,189
X-19 Deferred revenueStart of year $46,071$50,012
X-26 Total liabilitiesStart of year $48,497$54,201
X-27 Net assets without donor restrictionsStart of year $329,693$291,702
X-32 Total net assets or fund balancesStart of year $329,693$291,702
X-33 Total liabilities and net assetsStart of year $378,190$345,903
Part XI · Reconciliation of net assets $291,702 net assets at year end
XI-1 Total revenue$447,475
XI-2 Total expenses$485,466
XI-3 Revenue less expenses−$37,991
XI-4 Net assets at start of year$329,693
XI-10 Net assets at end of year$291,702

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

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