Civic Intelligence

Willow Wood Preschool

EIN 36-2656049 • 501(c)3 • Winnetka, IL

Profile

To provide a warm, nuturing environment for young children to develop socially, emotionally, physically and intellectually under the guidance of a staff that is highly experienced in the field of child development.

684 Oak StreetWinnetka, IL 60093

www.willowwood-preschool.org

Siviq Scores

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

Liabilities / Assets

74th percentile

0.31x

Higher debt load relative to assets than 74% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

0.73x

Higher debt load relative to revenue than 85% of similar nonprofits.

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

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Revenue Growth

75th percentile

28%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Assets

Up

$3,311,428

Up $75,576 (+2.3%) from 2024

Liabilities

Down

$944,732

Down $95,719 (-9.2%) from 2024

Net Assets

Up

$2,366,696

Up $171,295 (+7.8%) from 2024

Revenue

Up

$1,110,661

Up $109,370 (+11%) from 2024

Expenses

Up

$921,514

Up $29,933 (+3.4%) from 2024

Net Income

Up

$189,147

Up $79,437 (+72%) from 2024

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $1,795,934Liabilities 2020: $488,187Net Assets 2020: $1,307,7472020Assets 2021: $2,289,336Liabilities 2021: $670,691Net Assets 2021: $1,618,6452021Assets 2022: $2,371,360Liabilities 2022: $737,617Net Assets 2022: $1,633,7432022Assets 2023: $2,949,941Liabilities 2023: $1,132,243Net Assets 2023: $1,817,6982023Assets 2024: $3,235,852Liabilities 2024: $1,040,451Net Assets 2024: $2,195,4012024Assets 2025: $3,311,428Liabilities 2025: $944,732Net Assets 2025: $2,366,6962025

Highlighted filing

2025

Assets$3,311,428
Liabilities$944,732
Net Assets$2,366,696

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2020: $618,758Expenses 2020: $553,099Net Income 2020: $65,6592020Revenue 2021: $790,278Expenses 2021: $613,283Net Income 2021: $176,9952021Revenue 2022: $1,012,390Expenses 2022: $792,875Net Income 2022: $219,5152022Revenue 2023: $863,209Expenses 2023: $785,126Net Income 2023: $78,0832023Revenue 2024: $1,001,291Expenses 2024: $891,581Net Income 2024: $109,7102024Revenue 2025: $1,110,661Expenses 2025: $921,514Net Income 2025: $189,1472025

Highlighted filing

2025

Revenue$1,110,661
Expenses$921,514
Net Income$189,147

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2024 to Jul 31, 2025
Signed
Mar 11, 2026
Return Version
2024v5.5
Gross Receipts
$1,135,174
Mission and Program Overview

Mission

To provide a warm, nuturing environment for young children to develop socially, emotionally, physically and intellectually under the guidance of a staff that is highly experienced in the field of child development.

Willow wood preschool provides a warm, nuturing environment for young children to develop socially, emotionally, physically and intellectually under the guidance of a staff that is highly experienced in the field of child development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,606,974$2,534,454▼ $72,520
Cash and Non-Interest-Bearing Accounts$22,741$306,435▲ $283,694
Savings and Temporary Cash Investments$211,888$150,612▼ $61,276
Land, Buildings, and Equipment, Net$147,698$135,014▼ $12,684
Total Assets$3,235,852$3,311,428▲ $75,576
Other Assets Total$246,551$184,913▼ $61,638
Liabilities
Other Liabilities$1,040,451$944,732▼ $95,719
Total Liabilities$1,040,451$944,732▼ $95,719
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,195,401$2,366,696▲ $171,295
Total Net Assets Fund Balance$2,195,401$2,366,696▲ $171,295
Total Liabilities and Net Assets / Fund Balance$3,235,852$3,311,428▲ $75,576

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$131,654$621,479$753,133
Equipment$0$92,541$92,541
Other Land Buildings$3,360$19,797$23,157
Other Assets Org$184,913--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan CorneloExecutive DirectorFT$123,550$123,550

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$856,682
Investment Income
$224,829
Other Revenue
$29,150
Change in Net Assets
$189,147

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,084,203
Revenue Not Reported on Financial Statements
$26,458
Revenue Not Reported on Form 990
$6,661
Total Revenue per Audited Statements
$1,090,864
Total Revenue per Form 990
$1,110,661
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$678,664
Other Expenses$242,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$530,556$61,775-$592,331
Occupancy$84,570--$84,570
Other Employee Benefits$39,505$4,389-$43,894
Payroll Taxes$38,195$4,244-$42,439
Depreciation Depletion$22,185--$22,185
All Other Expenses$9,818$2,684-$12,502
Insurance$11,374--$11,374
Other Expenses$7,885$26,458-$7,885
Fees for Services Accounting-$4,322-$4,322
Fees for Services Legal-$4,272-$4,272
Fees for Services Other$1,149--$1,149
Advertising-$391-$391
Total Functional Expenses$812,979$108,535$0$921,514

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$921,514
Total Expenses per Audited Statements$919,569
Expenses per Audited Statements$895,056
Expenses Not Reported on Financial Statements$26,458
Expenses Not Reported on Form 990$24,513
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$52,263
Fundraising Direct Expenses$24,513
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Fundraising Event$44,080$44,080$455$43,625
Total Events$52,263$52,263$24,513$27,750
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Program Tuition Received in Advance$732,558
Operating Lease Liability$212,174
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Section B, Line 11B

The board of director's president and treasurer reviews in detail the form 990 prior to filing. All directors have access to the form 990.

Form 990, Part VI, Section B, Line 12C

The organization has adopted a conflict of interest policy and monitoring procedures, which are reviewed annually.

Form 990, Part VI, Section B, Line 15

The board of directors annually approves the compensation of the executive director as recommended by the vice president of operations and the treasurer.

Form 990, Part VI, Section C, Line 18

Form 990 is available for inspection upon request at the school office.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest, and financial statements available to the public through request at its school office.

Filing and Contact Details

Filer

Filer Name
Willow Wood Preschool
EIN
36-2656049
Phone
8474416393
Address
684 OAK STREET, WINNETKA, IL 60093

Signing Officer

Name
Elizabeth Tarkington
Title
President
Phone
8474416393
Signed
2026-03-11

Organization Details

Principal Officer
Elizabeth Tarkington
Formed
1970
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
17
Employees
27
Volunteers
0

Preparer

Firm
Cheryl Rohlfs & Associates Ltd
Address
401 HUEHL ROAD SUITE 1E, NORTHBROOK, IL 60062
Preparer
Cheryl K Rohlfs CPA
Phone
8477539200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 24,513.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 24,513.

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IRS990/MissionDesc0TO PROVIDE A WARM, NUTURING ENVIRONMENT FOR YOUNG CHILDREN TO DEVELOP SOCIALLY, EMOTIONALLY, PHYSICALLY AND INTELLECTUALLY UNDER THE GUIDANCE OF A STAFF THAT IS HIGHLY EXPERIENCED IN THE FIELD OF CHILD DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02195401
IRS990/NetAssetsOrFundBalancesEOYAmt02366696
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0171506
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0171506
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt027750
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt027750
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-17852
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02195401
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02366696
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt084570
IRS990/OccupancyGrp/TotalAmt084570
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0246551
IRS990/OtherAssetsTotalGrp/EOYAmt0184913
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04389
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039505
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043894
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1INVESTMENT EXPENSES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3HOSPITALITY AND SOCIAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026458
IRS990/OtherExpensesGrp/ProgramServicesAmt052846
IRS990/OtherExpensesGrp/ProgramServicesAmt114896
IRS990/OtherExpensesGrp/ProgramServicesAmt27885
IRS990/OtherExpensesGrp/TotalAmt052846
IRS990/OtherExpensesGrp/TotalAmt126458
IRS990/OtherExpensesGrp/TotalAmt214896
IRS990/OtherExpensesGrp/TotalAmt37885
IRS990/OtherLiabilitiesGrp/BOYAmt01040451
IRS990/OtherLiabilitiesGrp/EOYAmt0944732
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0BOARD DUES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01400
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01400
IRS990/OtherRevenueTotalAmt01400
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt061775
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0530556
IRS990/OtherSalariesAndWagesGrp/TotalAmt0592331
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04244
IRS990/PayrollTaxesGrp/ProgramServicesAmt038195
IRS990/PayrollTaxesGrp/TotalAmt042439
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ELIZABETH TARKINGTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0856682
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0856682
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0107681
IRS990/PYOtherExpensesAmt0207016
IRS990/PYOtherRevenueAmt013734
IRS990/PYProgramServiceRevenueAmt0871376
IRS990/PYRevenuesLessExpensesAmt0109710
IRS990/PYSalariesCompEmpBnftPaidAmt0684565
IRS990/PYTotalExpensesAmt0891581
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01001291
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0189147
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01029588
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0211888
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0150612
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092541
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt092541
IRS990ScheduleD/ExpensesNotReportedAmt024513
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt026458
IRS990ScheduleD/ExpensesSubtotalAmt0895056
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt026458
IRS990ScheduleD/InvestmentExpensesNotIncldAmt026458
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0131654
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0621479
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0753133
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-17852
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0184913
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING RIGHT OF USE ASSET
IRS990ScheduleD/OtherExpensesIncludedAmt024513
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03360
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019797
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0732558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1212174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PROGRAM TUITION RECEIVED IN ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt024513
IRS990ScheduleD/RevenueNotReportedAmt06661
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt026458
IRS990ScheduleD/RevenueSubtotalAmt01084203
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 24,513.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 24,513.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0135014
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0184913
IRS990ScheduleD/TotalExpensesPerForm990Amt0921514
IRS990ScheduleD/TotalLiabilityAmt0944732
IRS990ScheduleD/TotalRevenuePerForm990Amt01110661
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01090864
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0919569
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WILLOW WOOD PRESCHOOL DOES NOT MAINTAIN RECORDS OF RACIAL COMPOSITION FOR STUDENTS, FACULTY AND ADMINISTRATIVE STAFF. THESE RECORDS ARE NOT A REQUIREMENT OF THE ILLINOIS DEPARTMENT OF CHILD AND FAMILY SERVICES, WHO IS THE SCHOOL'S LICENSING AGENT.

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