Civic Intelligence

Kalamazoo County Ready 4S

990 • Fiscal year 2022 • EIN 27-3342489

Jul 01, 2021 to Jun 30, 2022 • Filed on Sep 26, 2022

161 E Michigan Ave Suite 600Kalamazoo, MI 49007

(269) 366-9140

Siviq Scores

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

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$105,708

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

30th percentile

-4.9%

Faster asset growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,733,635

Down $142,061 (-4.9%) from 2021

Net Assets

Down

$2,717,622

Down $143,234 (-5.0%) from 2021

Liabilities

Up

$16,013

Up $1,173 (+7.9%) from 2021

Revenue

Up

$1,299,899

Up $125,702 (+11%) from 2021

Expenses

Up

$1,437,574

Up $151,083 (+12%) from 2021

Net Income

Down

-$137,675

Down $25,381 (-23%) from 2021

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

2022

Assets$2,733,635
Liabilities$16,013
Net Assets$2,717,622

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

2022

Revenue$1,299,899
Expenses$1,437,574
Net Income-$137,675
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Sep 26, 2022
Return Version
2021v4.0
Gross Receipts
$1,299,899
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.

Kc ready 4s provides support to licensed pre-kindergarten providers in reaching standards of high quality under michigan's great start to quality system, and to encourage and support the importance of high-quality pre- kindergarten, offers tuition support to qualifying families based on income and family size.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,324,165$1,926,090▼ $398,075
Pledges and Grants Receivable$437,234$632,436▲ $195,202
Cash and Non-Interest-Bearing Accounts$56,736$103,454▲ $46,718
Prepaid Expenses and Deferred Charges-$12,000-
Land, Buildings, and Equipment, Net$4,313$11,966▲ $7,653
Total Assets$2,875,696$2,733,635▼ $142,061
Other Assets Total$53,248$47,689▼ $5,559
Liabilities
Accounts Payable and Accrued Expenses$14,840$16,013▲ $1,173
Total Liabilities$14,840$16,013▲ $1,173
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,935,670$1,485,501▼ $450,169
Net Assets Without Donor Restrictions$925,186$1,232,121▲ $306,935
Total Net Assets Fund Balance$2,860,856$2,717,622▼ $143,234
Total Liabilities and Net Assets / Fund Balance$2,875,696$2,733,635▼ $142,061

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,966$7,872$19,838

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$684,663$5,755▼ $67,036-$618,248
2020$512,293$5,487▲ $170,725-$684,663
2019$465,258$55,135▼ $4,611-$512,293
2018$410,761$56,735▲ $12,702-$463,425
2017$295,584$92,025▲ $25,459-$410,761
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristyn Buhl-lepistoExecutive DiFT$92,208$13,500$105,708

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,243,250
Program Service Revenue
$0
Investment Income
$2,726
Other Revenue
$53,923
All Other Contributions
$1,230,673
Change in Net Assets
$-137,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,299,899
Revenue Not Reported on Form 990
$-5,559
Total Revenue per Audited Statements
$1,294,340
Total Revenue per Form 990
$1,299,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$685,785
Salaries, Compensation, and Employee Benefits$570,616
Other Expenses$181,173
Total Fundraising Expense$103,362
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$685,785--$685,785
Other Salaries and Wages$227,048$126,000$47,403$400,451
Current Officers, Directors, Trustees, and Key Employees$107,208--$107,208
Payroll Taxes$28,915$10,763$3,936$43,614
Occupancy$26,835$12,309$4,349$43,493
Other Employee Benefits$12,753$4,613$1,977$19,343
Fees for Services Accounting-$17,490-$17,490
All Other Expenses$1,395$8,478-$9,873
Other Expenses$8,783$2,483$993$8,783
Insurance-$5,951-$5,951
Office Expenses$3,758$784$352$4,894
Depreciation Depletion-$2,871-$2,871
Conferences and Meetings$1,078$1,079-$2,157
Travel$1,658--$1,658
Fees for Services Legal-$1,500-$1,500
Advertising$859-$368$1,227
Total Functional Expenses$1,139,891$194,321$103,362$1,437,574

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,437,574
Total Expenses per Audited Statements$1,437,574
Total Expenses per Form 990$1,437,574
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,173
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$50,173$50,173-$50,173
Total Events$50,173$50,173-$50,173
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 35% controlled entity
No
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 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 executive director. 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
161 E MICHIGAN AVE SUITE 600, KALAMAZOO, MI 49007

Signing Officer

Name
Scott Maccallum
Title
Treasurer
Phone
2693669140
Signed
2022-09-26

Organization Details

Principal Officer
Scott Maccallum
Formed
2011
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
19
Volunteers
70

Preparer

Firm
Cole Gavlas Pc
Address
2401 W CENTRE AVE, PORTAGE, MI 49024
Preparer
Jason Martin
Phone
2693296600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of kalamazoo county ready 4s is to "advance fully accessible, high-quality pre-kindergarten education for every 3- and 4-year-old in kalamazoo county through collaborative leadership with public and private community partners."

Form 990, Page 2, Part III, Line 4A

To support high-quality learning environments, kc ready 4s accomplished the following during the 2021-22 school year: provided tuition assistance for 4-year-olds and 3-year-olds who were enrolled in a program that was rated at 4 or 5 stars under michigan's great start to quality improvement system; conducted class observations to measure and set goals related to high-quality interactions between the teacher and children; provided over 3,000 hours of training and classroom support; offered professional development sessions; provided children with speech/language support, behavior & occupational therapy support; provided comprehensive partners (26 schools) with access to an employee assistance program; and connected with family members who attended orientation meetings and workshops or participated in home visits.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To support future operational expenses as determined by the board of directors on an annual basis

Schedule D, Page 3, Part X

The internal revenue service has determined the organization to be exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Management of the organization considers the likelihood of changes by taxing authorities in its exemption organization returns and discloses potential significant changes that management believes are more likely than not to occur upon examination by tax authorities. Management has not identified any uncertain tax positions in filed returns that require disclosure in the accompanying financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/MissionDesc0THE MISSION OF KALAMAZOO COUNTY READY 4S IS TO "ADVANCE FULLY ACCESSIBLE, HIGH-QUALITY PRE-KINDERGARTEN EDUCATION FOR EVERY 3- AND 4-YEAR-OLD IN KALAMAZOO COUNTY THROUGH COLLABORATIVE LEADERSHIP WITH PUBLIC AND PRIVATE COMMUNITY PARTNERS."
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 18,534 PPP LOAN FORGIVENESS 80,002
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