Civic Intelligence

Kalamazoo County Ready 4S

990 • Fiscal year 2015 • EIN 27-3342489

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 16, 2015

259 E Michigan Ave Suite 209Kalamazoo, MI 49007

(269) 366-9140

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

11th percentile

-28%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

Up

$1,165,038

Up $271,581 (+30%) from 2013

Net Assets

Up

$1,151,855

Up $261,688 (+29%) from 2013

Liabilities

Up

$13,183

Up $9,893 (+301%) from 2013

Revenue

$1,127,951

No earlier filing loaded for comparison.

Expenses

Up

$1,439,027

Up $761,418 (+112%) from 2013

Net Income

-$311,076

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $893,457Liabilities 2013: $3,290Net Assets 2013: $890,1672013Assets 2015: $1,165,038Liabilities 2015: $13,183Net Assets 2015: $1,151,8552015Assets 2016: $1,461,998Liabilities 2016: $401Net Assets 2016: $1,461,5972016Assets 2017: $1,492,459Liabilities 2017: $4,309Net Assets 2017: $1,488,1502017Assets 2018: $4,037,582Liabilities 2018: $32,634Net Assets 2018: $4,004,9482018Assets 2019: $3,518,274Liabilities 2019: $7,861Net Assets 2019: $3,510,4132019Assets 2020: $3,053,036Liabilities 2020: $92,937Net Assets 2020: $2,960,0992020Assets 2021: $2,875,696Liabilities 2021: $14,840Net Assets 2021: $2,860,8562021Assets 2022: $2,733,635Liabilities 2022: $16,013Net Assets 2022: $2,717,6222022Assets 2023: $7,191,813Liabilities 2023: $190,211Net Assets 2023: $7,001,6022023Assets 2024: $6,852,904Liabilities 2024: $153,477Net Assets 2024: $6,699,4272024Assets 2025: $6,475,965Liabilities 2025: $223,754Net Assets 2025: $6,252,2112025

Highlighted filing

2015

Assets$1,165,038
Liabilities$13,183
Net Assets$1,151,855

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $677,6092013Revenue 2015: $1,127,951Expenses 2015: $1,439,027Net Income 2015: -$311,0762015Revenue 2016: $1,185,505Expenses 2016: $875,763Net Income 2016: $309,7422016Revenue 2017: $1,189,134Expenses 2017: $1,162,581Net Income 2017: $26,5532017Revenue 2018: $3,742,847Expenses 2018: $1,226,545Net Income 2018: $2,516,3022018Revenue 2019: $848,690Expenses 2019: $1,344,859Net Income 2019: -$496,1692019Revenue 2020: $1,115,870Expenses 2020: $1,667,559Net Income 2020: -$551,6892020Revenue 2021: $1,174,197Expenses 2021: $1,286,491Net Income 2021: -$112,2942021Revenue 2022: $1,299,899Expenses 2022: $1,437,574Net Income 2022: -$137,6752022Revenue 2023: $5,716,215Expenses 2023: $1,436,701Net Income 2023: $4,279,5142023Revenue 2024: $1,283,940Expenses 2024: $1,592,551Net Income 2024: -$308,6112024Revenue 2025: $1,323,941Expenses 2025: $1,778,246Net Income 2025: -$454,3052025

Highlighted filing

2015

Revenue$1,127,951
Expenses$1,439,027
Net Income-$311,076
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 16, 2015
Return Version
2014v5.0
Gross Receipts
$1,127,951
Mission and Program Overview

Mission

The mission of kalamazoo county ready 4s is to provide full accessible, high-quality preschool for vulnerable 3-year-olds and high-quality pre- kindergarten for every 4-year-old in kalamazoo county so that every child can begin kindergarten ready to succeed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$572,790$878,323▲ $305,533
Pledges and Grants Receivable$898,912$282,066▼ $616,846
Prepaid Expenses and Deferred Charges-$3,187-
Land, Buildings, and Equipment, Net$2,501$1,462▼ $1,039
Total Assets$1,474,203$1,165,038▼ $309,165
Liabilities
Accounts Payable and Accrued Expenses$5,777$13,183▲ $7,406
Deferred Revenue$5,495--
Total Liabilities$11,272$13,183▲ $1,911
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,164,412$852,126▼ $312,286
Unrestricted Net Assets$298,519$299,729▲ $1,210
Total Net Assets Fund Balance$1,462,931$1,151,855▼ $311,076
Total Liabilities and Net Assets / Fund Balance$1,474,203$1,165,038▼ $309,165

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,462$3,925$5,387
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sandra L StandishExecutive DiFT$100,000$100,000

Board Members and Trustees

NameTitle
Lynne CowartPresident
Aeva PaytonDirector
Carrie Pickett-erwayDirector
Charles GlaesDirector
Denise CrawfordDirector
Kellye WoodDirector
Margaret McglincheyDirector
Mike LarsonDirector
Namita SharmaDirector
Robert HametDirector
Russell RathburnDirector
Shirley JohnsonDirector
John FaulSecretary
Rhonda NewmanTreasurer
Tim BartikVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,126,121
Program Service Revenue
$0
Investment Income
$1,224
Other Revenue
$606
All Other Contributions
$1,125,703
Change in Net Assets
$-311,076

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,127,951
Total Revenue per Audited Statements
$1,127,951
Total Revenue per Form 990
$1,127,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$736,236
Other Expenses$394,156
Salaries, Compensation, and Employee Benefits$308,635
Total Fundraising Expense$37,901
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$736,236--$736,236
Other Salaries and Wages$176,551$3,960$2,970$183,481
Current Officers, Directors, Trustees, and Key Employees$30,000$40,000$30,000$100,000
All Other Expenses$40,860--$40,860
Other Expenses$32,601--$32,601
Office Expenses$20,413$2,637$1,735$24,785
Payroll Taxes$15,694$3,319$2,489$21,502
Occupancy$20,994--$20,994
Fees for Services Other$13,000--$13,000
Fees for Services Accounting-$12,026-$12,026
Insurance-$5,744-$5,744
Travel$3,879--$3,879
Other Employee Benefits$2,269$790$593$3,652
Conferences and Meetings-$2,941-$2,941
Depreciation Depletion-$1,038-$1,038
Advertising$266-$114$380
Total Functional Expenses$1,328,671$72,455$37,901$1,439,027

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,439,027
Total Expenses per Audited Statements$1,439,027
Total Expenses per Form 990$1,439,027
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is prepared by the accountant, reviewed by the executive committee, and then reviewed and approved by the entire board prior to filing with the irs

Form 990, Page 6, Part VI, Line 12C

Kalamazoo county ready 4s (kcr4s) provides the conflict of interest policy to all staff members and key volunteers (board members and members of standing board committees) on an annual basis. These individuals are required to sign the conflict of interest policy annually. Individuals are instructed to promptly notify kcr4s of any perceived conflict. Conflict of interest statements are tracked and monitored by the administrative staff. It is the responsibility of the individual to make kcr4s aware of any conflicts that arise after the conflict of interest document is signed. If there is a real or perceived conflict of interest, an individual may participate in discussion around a given issue, but is not permitted to vote on the matter.

Form 990, Page 6, Part VI, Line 15A

The executive committee reviews performance and proposes compensation for the ceo and all other positions. The executive committee also proposes benefits packages for all employees.

Form 990, Page 6, Part VI, Line 19

The organization's form 1023, 990 and financial statements are available to the public on the organization's website or a copy may be requested from the organization's office.

Filing and Contact Details

Filer

Filer Name
Kalamazoo County Ready 4s
EIN
27-3342489
Phone
2693669140
Address
259 E MICHIGAN AVE SUITE 209, KALAMAZOO, MI 49007

Signing Officer

Name
Lynne Cowart
Title
President
Phone
2693669140
Signed
2015-10-16

Organization Details

Principal Officer
Lynne Cowart
Formed
2011
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
14
Volunteers
75

Preparer

Firm
Ullrey & Company
Address
401 N SAGE STREET, KALAMAZOO, MI 49006-4040
Preparer
Jack a Ullrey
Phone
2693825027
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of kalamazoo county ready 4s is to provide full accessible, high-quality preschool for vulnerable 3-year-olds and high-quality pre- kindergarten for every 4-year-old in kalamazoo county so that every child can begin kindergarten ready to succeed.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE MISSION OF KALAMAZOO COUNTY READY 4S IS TO PROVIDE FULL ACCESSIBLE, HIGH-QUALITY PRESCHOOL FOR VULNERABLE 3-YEAR-OLDS AND HIGH-QUALITY PRE- KINDERGARTEN FOR EVERY 4-YEAR-OLD IN KALAMAZOO COUNTY SO THAT EVERY CHILD CAN BEGIN KINDERGARTEN READY TO SUCCEED.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION ASSISTANCE-KC
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TUITION ASSISTANCE -NS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0216
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt146
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STUDENTS RECEIVING TUITION ASSISTANCE ARE MONITORED THROUGH AN APPLICATION PROCESS THAT INCLUDES INCOME REPORTING TO DETERMINE HOW MUCH, IF ANY, TUITION ASSISTANCE WILL BE PROVIDED. TUITION ASSISTANCE PAYMENTS ARE SENT DIRECTLY TO THE PRESCHOOL PROVIDER. WHEN A CHILD IS NO LONGER ENROLLED AT A QUALIFIED PROVIDER, PAYMENT OF TUITION ASSISTANCE IS STOPPED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF KALAMAZOO COUNTY READY 4S IS TO PROVIDE FULL ACCESSIBLE, HIGH-QUALITY PRESCHOOL FOR VULNERABLE 3-YEAR-OLDS AND HIGH-QUALITY PRE- KINDERGARTEN FOR EVERY 4-YEAR-OLD IN KALAMAZOO COUNTY SO THAT EVERY CHILD CAN BEGIN KINDERGARTEN READY TO SUCCEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY THE ACCOUNTANT, REVIEWED BY THE EXECUTIVE COMMITTEE, AND THEN REVIEWED AND APPROVED BY THE ENTIRE BOARD PRIOR TO FILING WITH THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KALAMAZOO COUNTY READY 4S (KCR4S) PROVIDES THE CONFLICT OF INTEREST POLICY TO ALL STAFF MEMBERS AND KEY VOLUNTEERS (BOARD MEMBERS AND MEMBERS OF STANDING BOARD COMMITTEES) ON AN ANNUAL BASIS. THESE INDIVIDUALS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. INDIVIDUALS ARE INSTRUCTED TO PROMPTLY NOTIFY KCR4S OF ANY PERCEIVED CONFLICT. CONFLICT OF INTEREST STATEMENTS ARE TRACKED AND MONITORED BY THE ADMINISTRATIVE STAFF. IT IS THE RESPONSIBILITY OF THE INDIVIDUAL TO MAKE KCR4S AWARE OF ANY CONFLICTS THAT ARISE AFTER THE CONFLICT OF INTEREST DOCUMENT IS SIGNED. IF THERE IS A REAL OR PERCEIVED CONFLICT OF INTEREST, AN INDIVIDUAL MAY PARTICIPATE IN DISCUSSION AROUND A GIVEN ISSUE, BUT IS NOT PERMITTED TO VOTE ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE REVIEWS PERFORMANCE AND PROPOSES COMPENSATION FOR THE CEO AND ALL OTHER POSITIONS. THE EXECUTIVE COMMITTEE ALSO PROPOSES BENEFITS PACKAGES FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORM 1023, 990 AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE OR A COPY MAY BE REQUESTED FROM THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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