Civic Intelligence

Kalamazoo County Ready 4S

990 • Fiscal year 2024 • EIN 27-3342489

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 26, 2024

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

26th percentile

0.02x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.12x

Higher debt load relative to revenue than 43% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

11th percentile

-24%

Higher net margin than 11% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

43rd percentile

$114,364

Higher top officer pay than 43% of similar nonprofits.

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

18th percentile

-4.7%

Faster asset growth than 18% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,852,904

Down $338,909 (-4.7%) from 2023

Net Assets

Down

$6,699,427

Down $302,175 (-4.3%) from 2023

Liabilities

Down

$153,477

Down $36,734 (-19%) from 2023

Revenue

Down

$1,283,940

Down $4,432,275 (-78%) from 2023

Expenses

Up

$1,592,551

Up $155,850 (+11%) from 2023

Net Income

Down

-$308,611

Down $4,588,125 (-107%) from 2023

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

2024

Assets$6,852,904
Liabilities$153,477
Net Assets$6,699,427

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

2024

Revenue$1,283,940
Expenses$1,592,551
Net Income-$308,611
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 26, 2024
Return Version
2023v5.0
Gross Receipts
$1,283,940
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$2,728,286$3,563,526▲ $835,240
Pledges and Grants Receivable$4,143,270$2,979,975▼ $1,163,295
Cash and Non-Interest-Bearing Accounts$71,689$100,240▲ $28,551
Land, Buildings, and Equipment, Net$18,759$16,406▼ $2,353
Prepaid Expenses and Deferred Charges$4,614$4,437▼ $177
Total Assets$7,191,813$6,852,904▼ $338,909
Other Assets Total$225,195$188,320▼ $36,875
Liabilities
Other Liabilities$175,690$133,675▼ $42,015
Accounts Payable and Accrued Expenses$14,521$19,802▲ $5,281
Total Liabilities$190,211$153,477▼ $36,734
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,443,987$4,597,128▼ $846,859
Net Assets Without Donor Restrictions$1,557,615$2,102,299▲ $544,684
Total Net Assets Fund Balance$7,001,602$6,699,427▼ $302,175
Total Liabilities and Net Assets / Fund Balance$7,191,813$6,852,904▼ $338,909

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,406$20,150$36,556

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$681,428$60,640▲ $98,177-$835,134
2022$618,248$5,192▲ $62,625-$681,428
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristyn Buhl-lepistoPast Exec DiFT$98,940$15,424$114,364

Board Members and Trustees

NameTitle
Regena NelsonPresident
Cheryl DicksonDirector
Consuelo ShankDirector
Dan JaquaDirector
Devon JacksonDirector
Elizabeth Jackson-spanerDirector
Sarah NeumannDirector
Sheri WelshDirector
Shirley JohnsonDirector
Todd McdonaldDirector
Sherria VansparrentakExecutive Di
Tim BartikHonorary Mem
Mindy MillerMember-at-la
Joanna DalesSecretary
Scott MaccallumTreasurer
Dallas OberleeVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,113,355
Program Service Revenue
$0
Investment Income
$134,272
Other Revenue
$36,313
All Other Contributions
$1,087,115
Change in Net Assets
$-308,611

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$45,769Fair Market Value (FMV)
Total Noncash Contributions1$45,769-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,283,940
Revenue Not Reported on Form 990
$6,436
Total Revenue per Audited Statements
$1,290,376
Total Revenue per Form 990
$1,283,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$674,537
Salaries, Compensation, and Employee Benefits$624,603
Other Expenses$293,411
Total Fundraising Expense$93,168
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$674,537--$674,537
Other Salaries and Wages$168,487$133,506$49,937$351,930
Current Officers, Directors, Trustees, and Key Employees$123,162--$123,162
Other Employee Benefits$75,020$24,914$9,125$109,059
Occupancy$41,460$18,112$6,619$66,191
Advertising$46,811--$46,811
Payroll Taxes$25,571$10,835$4,046$40,452
Fees for Services Other-$32,000-$32,000
Fees for Services Accounting-$21,282-$21,282
Insurance-$10,016-$10,016
Office Expenses$4,940$1,931$825$7,696
Depreciation Depletion-$7,071-$7,071
Travel$6,937--$6,937
Fees for Services Legal-$4,047-$4,047
Other Expenses$3,716-$22,587$3,716
All Other Expenses$190$2,507$29$2,726
Conferences and Meetings$323$323-$646
Total Functional Expenses$1,232,839$266,544$93,168$1,592,551

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,592,551
Total Expenses per Audited Statements$1,592,551
Total Expenses per Form 990$1,592,551
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,563
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$32,563$32,563-$32,563
Total Events$32,563$32,563-$32,563
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$133,675
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
2024-09-26

Organization Details

Principal Officer
Scott Maccallum
Formed
2011
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
15
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 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/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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