Civic Intelligence

The Islesboro Pre-School

EIN 01-0376079 • 501(c)3 • Islesboro, ME

990-N Coverage

Profile

The Islesboro Preschool recognizes each child as an individual with their own set of life experiences. Each child will be encouraged to explore, observe, experiment, and discover through direct, concrete interaction with the environment. Children are given activities to challenge and to increase their developmental skills. Children are accepted for where they are at in all stages of development and encouraged to develop at their own rate. Character development is fostered in all areas to build caring, honest, respectful, and responsible individuals.

PO Box 88Islesboro, ME 04848

islesboropreschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

57th percentile

8.0%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

60th percentile

7.7%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

56%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,800,615

Up $128,744 (+7.7%) from 2023

Liabilities

Up

$3,973

Up $7,249 (+221%) from 2023

Net Assets

Up

$1,796,642

Up $121,495 (+7.3%) from 2023

Revenue

Up

$260,469

Up $93,693 (+56%) from 2023

Expenses

Up

$239,504

Up $55,987 (+31%) from 2023

Net Income

Up

$20,965

Up $37,706 (+225%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2008: $0Liabilities 2008: $02008Assets 2009: $0Liabilities 2009: $02009Assets 2016: $631,071Liabilities 2016: $1,015Net Assets 2016: $630,0562016Assets 2017: $737,771Liabilities 2017: $41Net Assets 2017: $737,7302017Assets 2018: $915,286Liabilities 2018: $1,108Net Assets 2018: $914,1782018Assets 2019: $1,173,111Liabilities 2019: $434Net Assets 2019: $1,172,6772019Assets 2020: $1,304,880Liabilities 2020: $550Net Assets 2020: $1,304,3302020Assets 2021: $1,714,760Liabilities 2021: $1,353Net Assets 2021: $1,713,4072021Assets 2022: $1,595,868Liabilities 2022: $3,813Net Assets 2022: $1,592,0552022Assets 2023: $1,671,871Liabilities 2023: -$3,276Net Assets 2023: $1,675,1472023Assets 2024: $1,800,615Liabilities 2024: $3,973Net Assets 2024: $1,796,6422024

Highlighted filing

2024

Assets$1,800,615
Liabilities$3,973
Net Assets$1,796,642

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2008: $0Expenses 2008: $0Net Income 2008: $02008Revenue 2009: $0Expenses 2009: $0Net Income 2009: $02009Revenue 2016: $692,297Expenses 2016: $82,376Net Income 2016: $609,9212016Revenue 2017: $192,082Expenses 2017: $84,408Net Income 2017: $107,6742017Revenue 2018: $360,979Expenses 2018: $154,314Net Income 2018: $206,6652018Revenue 2019: $388,230Expenses 2019: $149,465Net Income 2019: $238,7652019Revenue 2020: $283,573Expenses 2020: $161,485Net Income 2020: $122,0882020Revenue 2021: $339,650Expenses 2021: $154,499Net Income 2021: $185,1512021Revenue 2022: $224,056Expenses 2022: $184,652Net Income 2022: $39,4042022Revenue 2023: $166,776Expenses 2023: $183,517Net Income 2023: -$16,7412023Revenue 2024: $260,469Expenses 2024: $239,504Net Income 2024: $20,9652024

Highlighted filing

2024

Revenue$260,469
Expenses$239,504
Net Income$20,965

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jul 14, 2025
Return Version
2023v6.0
Gross Receipts
$260,781
Mission and Program Overview

Mission

The Islesboro Preschool recognizes each child as an individual with their own set of life experiences. Each child will be encouraged to explore, observe, experiment, and discover through direct, concrete interaction with the environment. Children are given activities to challenge and to increase their developmental skills. Children are accepted for where they are at in all stages of development and encouraged to develop at their own rate. Character development is fostered in all areas to build caring, honest, respectful, and responsible individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,165,395$1,277,363▲ $111,968
Land, Buildings, and Equipment, Net$471,052$476,225▲ $5,173
Savings and Temporary Cash Investments$10,001$25,003▲ $15,002
Cash and Non-Interest-Bearing Accounts$21,469$19,310▼ $2,159
Accounts Receivable$3,954$2,714▼ $1,240
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,671,871$1,800,615▲ $128,744
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$-3,276$3,973▲ $7,249
Total Liabilities$-3,276$3,973▲ $7,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,672,942$1,787,325▲ $114,383
Net Assets With Donor Restrictions$2,205$9,317▲ $7,112
Total Net Assets Fund Balance$1,675,147$1,796,642▲ $121,495
Total Liabilities and Net Assets / Fund Balance$1,671,871$1,800,615▲ $128,744

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$328,173$70,743$398,916
Land$121,832-$121,832
Other Land Buildings$19,039$5,966$25,005
Equipment$7,181$16,421$23,602

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,165,395-▲ $142,211$20,000$1,277,363
2022$1,062,299$1,591▲ $110,645-$1,165,395
2021$1,165,821$3,301▼ $96,737-$1,062,299
2020$749,836$215,000▲ $243,288$34,000$1,165,821
2019$577,939$144,463▲ $33,216-$749,836
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lindsey GovoniExecutive DirectorFT$49,767$49,767

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$150,635
Program Service Revenue
$68,306
Investment Income
$41,373
Other Revenue
$155
All Other Contributions
$48,204
Change in Net Assets
$20,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$183,082
Other Expenses$56,422
Total Fundraising Expense$187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,670--$117,670
Current Officers, Directors, Trustees, and Key Employees$37,325$12,442-$49,767
Payroll Taxes$14,483$1,162-$15,645
Depreciation Depletion$11,146$2,787-$13,933
Fees for Service Investment Mgmnt Fees-$10,243-$10,243
Occupancy$8,043$2,029$74$10,146
Insurance$1,949$6,626-$8,575
Fees for Services Accounting-$4,149-$4,149
Fees for Services Other$3,563$286-$3,849
Other Expenses$578--$578
Office Expenses$83$297$42$422
All Other Expenses$31$-245$71$-143
Total Functional Expenses$199,541$39,776$187$239,504
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Allana A Michaudsister-in-lawwages paidNo$17,643

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

According to the By-Laws, individuals become members when they have paid annual dues/registration fee to the preschool or have at least one child in the preschool during the fiscal year. A member/family is entitled to one vote.

Form 990, Part VI, Section B, Line 11B

The officers of the Board of Directors and the Executive Director review the 990 prior to submission. The 990 is available in the Executive Director's office for any board member to request to view.

Form 990, Part VI, Section B, Line 15A

The Board of Directors reviews and approves compensation annually for the Executive Director. The process includes an evaluation of comparable salaries from similarly sized regional nonprofits and is conducted by board members with no conflicts of interest.

Form 990, Part VI, Section C, Line 19

Governing documents of the organization can be found on our website and also upon specific request to the Executive Director.

Filing and Contact Details

Filer

Filer Name
The Islesboro Pre-School
EIN
01-0376079
Phone
2077348859
Address
PO Box 88, Islesboro, ME 04848

Signing Officer

Name
Lindsey Govoni
Title
Executive Director
Signed
2025-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lindsey Govoni
Formed
1981
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
11
Employees
6
Volunteers
2

Preparer

Firm
MTA Accounting PA
Address
71 High St, Belfast, ME 04915
Preparer
Krista F Ottman CPA
Phone
2073385012
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Islesboro Preschool changed hours of operation from 8:30 a.m. - 3:30 p.m. to 8:30 a.m. to 3:00 p.m. to support staff in professional development and offer ample time to prep and maintain classrooms.

Form 990, Part XI, Line 9

Other Increase to Net Assets = $1

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The endowment monies raised by Islesboro Preschool will allow the Organization to operate "as far as we can see into the future". The Organization has established an Endowment Committee to: select investment advisor(s), recommend to the board overall investment objectives, determine if returns are in line with the investment objectives, making changes in investment allocations as necessary, and ensure withdrawals are properly approved. Based on the established guidelines and required approvals, monies can be withdrawn on an annual basis to support the operations or capital needs.

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IRS990/MissionDesc0The Islesboro Preschool recognizes each child as an individual with their own set of life experiences. Each child will be encouraged to explore, observe, experiment, and discover through direct, concrete interaction with the environment. Children are given activities to challenge and to increase their developmental skills. Children are accepted for where they are at in all stages of development and encouraged to develop at their own rate. Character development is fostered in all areas to build caring, honest, respectful, and responsible individuals.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The endowment monies raised by Islesboro Preschool will allow the Organization to operate "as far as we can see into the future". The Organization has established an Endowment Committee to: select investment advisor(s), recommend to the board overall investment objectives, determine if returns are in line with the investment objectives, making changes in investment allocations as necessary, and ensure withdrawals are properly approved. Based on the established guidelines and required approvals, monies can be withdrawn on an annual basis to support the operations or capital needs.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
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