Civic Intelligence

Charlotte Bilingual Preschool Inc.

990 • Fiscal year 2018 • EIN 36-4522499

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 09, 2018

6300 Highland AvenueCharlotte, NC 28215

(704) 535-8080

Siviq Scores

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

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

43rd percentile

0.00x

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

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$41,236

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Asset Growth

79th percentile

26%

Faster asset growth than 79% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

8.2%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$504,509

Up $105,239 (+26%) from 2017

Net Assets

Up

$501,093

Up $101,823 (+26%) from 2017

Liabilities

Up

$3,416

Up $3,416 from 2017

Revenue

Up

$963,345

Up $73,038 (+8.2%) from 2017

Expenses

Up

$861,522

Up $104,357 (+14%) from 2017

Net Income

Down

$101,823

Down $31,319 (-24%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $158,899Net Assets 2010: $158,8992010Assets 2011: $146,107Liabilities 2011: $0Net Assets 2011: $146,1072011Assets 2013: $84,231Liabilities 2013: $0Net Assets 2013: $84,2312013Assets 2014: $116,565Liabilities 2014: $0Net Assets 2014: $116,5652014Assets 2015: $224,688Liabilities 2015: $0Net Assets 2015: $224,6882015Assets 2016: $266,128Liabilities 2016: $0Net Assets 2016: $266,1282016Assets 2017: $399,270Liabilities 2017: $0Net Assets 2017: $399,2702017Assets 2018: $504,509Liabilities 2018: $3,416Net Assets 2018: $501,0932018Assets 2019: $405,571Liabilities 2019: $265Net Assets 2019: $405,3062019Assets 2020: $1,269,347Liabilities 2020: $56,602Net Assets 2020: $1,212,7452020Assets 2021: $1,870,044Liabilities 2021: $13,076Net Assets 2021: $1,856,9682021Assets 2022: $2,092,499Liabilities 2022: $67,944Net Assets 2022: $2,024,5552022Assets 2023: $1,498,490Liabilities 2023: $98,391Net Assets 2023: $1,400,0992023Assets 2024: $3,185,672Liabilities 2024: $95,765Net Assets 2024: $3,089,9072024

Highlighted filing

2018

Assets$504,509
Liabilities$3,416
Net Assets$501,093

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $473,332Expenses 2010: $417,590Net Income 2010: $55,7422010Expenses 2011: $488,7042011Expenses 2013: $357,5322013Revenue 2014: $439,580Expenses 2014: $407,246Net Income 2014: $32,3342014Revenue 2015: $588,877Expenses 2015: $480,754Net Income 2015: $108,1232015Revenue 2016: $732,691Expenses 2016: $691,251Net Income 2016: $41,4402016Revenue 2017: $890,307Expenses 2017: $757,165Net Income 2017: $133,1422017Revenue 2018: $963,345Expenses 2018: $861,522Net Income 2018: $101,8232018Revenue 2019: $969,780Expenses 2019: $1,065,567Net Income 2019: -$95,7872019Revenue 2020: $2,407,769Expenses 2020: $1,660,677Net Income 2020: $747,0922020Revenue 2021: $2,891,644Expenses 2021: $2,247,562Net Income 2021: $644,0822021Revenue 2022: $3,041,898Expenses 2022: $2,874,311Net Income 2022: $167,5872022Revenue 2023: $3,419,258Expenses 2023: $4,043,714Net Income 2023: -$624,4562023Revenue 2024: $5,329,235Expenses 2024: $4,215,903Net Income 2024: $1,113,3322024

Highlighted filing

2018

Revenue$963,345
Expenses$861,522
Net Income$101,823
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 9, 2018
Return Version
2017v2.2
Gross Receipts
$973,838
Mission and Program Overview

Mission

To prepare Spanish-Speaking children for success in school and life by providing English-based early childhood education, and by connecting their families with the community and its resources.

To prepare Spanish-speaking children for success in school and life by providing them with a dual-language (reinforce Spanish, teach English) early childhood education and by supporting their parents with life skills, English-language, computer and leadership classes and community resources to sustain and nurture their childrens educational and emotional development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$375,485$479,056▲ $103,571
Land, Buildings, and Equipment, Net$22,545$24,906▲ $2,361
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$399,270$504,509▲ $105,239
Other Assets Total$1,240$547▼ $693
Liabilities
Accounts Payable and Accrued Expenses-$3,416-
Total Liabilities$0$3,416▲ $3,416
Net Assets / Fund Balance
Unrestricted Net Assets$354,894$380,428▲ $25,534
Temporarily Rstr Net Assets$44,376$120,665▲ $76,289
Total Net Assets Fund Balance$399,270$501,093▲ $101,823
Total Liabilities and Net Assets / Fund Balance$399,270$504,509▲ $105,239

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,906$33,394$58,300
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joanne Stratton TateFrmr. Ex. DirectorFT$40,825$411$41,236
Banu ValladaresExecutive DirectorFT$33,268-$33,268

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$850,987
Program Service Revenue
$119,417
Investment Income
$136
Other Revenue
$-7,195
All Other Contributions
$584,641
Change in Net Assets
$101,823

Audited Revenue Reconciliation

Revenue per Audited Statements
$963,345
Total Revenue per Audited Statements
$963,345
Total Revenue per Form 990
$963,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$675,478
Other Expenses$186,044
Total Fundraising Expense$122,729
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$398,015$67,980$69,957$535,952
Current Officers, Directors, Trustees, and Key Employees$42,029$12,609$29,420$84,058
Occupancy$48,644$7,985$2,756$59,385
Payroll Taxes$42,736$7,827$4,905$55,468
Fees for Services Other$23,633$11,505$4,275$39,413
Office Expenses$3,161$7,702$9,486$20,349
Insurance$7,911$2,649$901$11,461
Depreciation Depletion$4,553$1,289$346$6,188
Other Expenses$2,040$1,632$408$4,080
Travel$758--$758
Total Functional Expenses$615,091$123,702$122,729$861,522

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$861,522
Total Expenses per Audited Statements$861,522
Total Expenses per Form 990$861,522
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,335
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dream Big$104,164-$4,878-
Total Events$104,164-$9,335$-9,335
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

Reviewed by the Chairman and Treasurer.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annual Questionnaire.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Made available upon request.

Filing and Contact Details

Filer

Filer Name
Charlotte Bilingual Preschool Inc
EIN
36-4522499
Phone
7045358080
Address
6300 Highland Avenue, Charlotte, NC 28215

Signing Officer

Name
Banu Valladares
Title
Executive Director
Signed
2018-10-09
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
24
Volunteers
100

Preparer

Firm
C DeWitt Foard & Co PA CPAs
Address
817 E Morehead Street Ste 100, Charlotte, NC 28202-2767
Preparer
Terry W Lancaster
Phone
7043721515
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Frmr. Ex. Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0104164
IRS990/FundraisingDirectExpensesAmt09335
IRS990/GainOrLossGrp/OtherAmt0136
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt0162182
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01294
IRS990/GrossReceiptsAmt0973838
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt0901
IRS990/InsuranceGrp/ManagementAndGeneralAmt02649
IRS990/InsuranceGrp/ProgramServicesAmt07911
IRS990/InsuranceGrp/TotalAmt011461
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt033394
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022545
IRS990/LandBldgEquipBasisNetGrp/EOYAmt024906
IRS990/LandBldgEquipCostOrOtherBssAmt058300
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01158
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To prepare Spanish-speaking children for success in school and life by providing them with a dual-language (reinforce Spanish, teach English) early childhood education and by supporting their parents with life skills, English-language, computer and leadership classes and community resources to sustain and nurture their childrens educational and emotional development
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0399270
IRS990/NetAssetsOrFundBalancesEOYAmt0501093
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0136
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0136
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-9335
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-9335
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt02756
IRS990/OccupancyGrp/ManagementAndGeneralAmt07985
IRS990/OccupancyGrp/ProgramServicesAmt048644
IRS990/OccupancyGrp/TotalAmt059385
IRS990/OfficeExpensesGrp/FundraisingAmt09486
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07702
IRS990/OfficeExpensesGrp/ProgramServicesAmt03161
IRS990/OfficeExpensesGrp/TotalAmt020349
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01240
IRS990/OtherAssetsTotalGrp/EOYAmt0547
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Training and education
IRS990/OtherExpensesGrp/Desc2Communications
IRS990/OtherExpensesGrp/FundraisingAmt0275
IRS990/OtherExpensesGrp/FundraisingAmt1408
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02524
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11632
IRS990/OtherExpensesGrp/ProgramServicesAmt030068
IRS990/OtherExpensesGrp/ProgramServicesAmt111543
IRS990/OtherExpensesGrp/ProgramServicesAmt22040
IRS990/OtherExpensesGrp/TotalAmt030068
IRS990/OtherExpensesGrp/TotalAmt114342
IRS990/OtherExpensesGrp/TotalAmt24080
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02140
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02140
IRS990/OtherRevenueTotalAmt02140
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt069957
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt067980
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0398015
IRS990/OtherSalariesAndWagesGrp/TotalAmt0535952
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04905
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07827
IRS990/PayrollTaxesGrp/ProgramServicesAmt042736
IRS990/PayrollTaxesGrp/TotalAmt055468
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Participation fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0119417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0119417
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0831275
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0148803
IRS990/PYOtherRevenueAmt0-7903
IRS990/PYProgramServiceRevenueAmt066935
IRS990/PYRevenuesLessExpensesAmt0133142
IRS990/PYSalariesCompEmpBnftPaidAmt0608362
IRS990/PYTotalExpensesAmt0757165
IRS990/PYTotalRevenueAmt0890307
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0101823
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0375485
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0479056
IRS990ScheduleA/SchoolInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.19$0.10$3.09$5.33$4.22$1.11
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.10$1.40$3.42$4.04$0.62
2022Detailed filing. Detailed filing data is available for this year.$2.09$0.07$2.02$3.04$2.87$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.87$0.01$1.86$2.89$2.25$0.64
2020Detailed filing. Detailed filing data is available for this year.$1.27$0.06$1.21$2.41$1.66$0.75
2019Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.97$1.07$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.96$0.86$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.89$0.76$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.73$0.69$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.59$0.48$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.44$0.41$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.00$0.08$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.00$0.15$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.16$0.47$0.42$0.06