Civic Intelligence

Fair Oaks Preschool

EIN 55-0793439 • 501(c)3 • East Calais, VT

Profile

Fair oaks preschool center was established in 2002 as a non-profit children's center. The center's mission is to provide affordable, high quality and developmentally appropriate programs for all children. At fair oaks preschool we value diversity and welcome all families without regard to race, religion, ethnic origin, gender, or sexual orientation.

115 N Calais RdEast Calais, VT 05650-8066

www.fairoakspreschool.com

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.47x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

94th percentile

97%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-32%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$259,524

Up $127,834 (+97%) from 2019

Liabilities

Up

$258,473

Up $258,199 (+94233%) from 2019

Net Assets

Down

$1,051

Down $130,365 (-99%) from 2019

Revenue

Down

$546,839

Down $252,688 (-32%) from 2019

Expenses

Down

$677,204

Down $24,799 (-3.5%) from 2019

Net Income

Down

-$130,365

Down $227,889 (-234%) from 2019

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $37,803Liabilities 2010: $4,689Net Assets 2010: $33,1142010Assets 2011: $41,043Liabilities 2011: $2,538Net Assets 2011: $38,5052011Assets 2012: $30,544Liabilities 2012: $5,045Net Assets 2012: $25,4992012Assets 2013: $25,719Liabilities 2013: $0Net Assets 2013: $25,7192013Assets 2014: $47,398Liabilities 2014: $0Net Assets 2014: $47,3982014Assets 2015: $37,061Liabilities 2015: $0Net Assets 2015: $37,0612015Assets 2016: $45,075Liabilities 2016: $21,487Net Assets 2016: $23,5882016Assets 2017: $79,029Liabilities 2017: $10,156Net Assets 2017: $68,8732017Assets 2018: $36,082Liabilities 2018: $2,190Net Assets 2018: $33,8922018Assets 2019: $131,690Liabilities 2019: $274Net Assets 2019: $131,4162019Assets 2020: $259,524Liabilities 2020: $258,473Net Assets 2020: $1,0512020

Highlighted filing

2020

Assets$259,524
Liabilities$258,473
Net Assets$1,051

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $511,2512010Expenses 2011: $526,6452011Revenue 2012: $494,150Expenses 2012: $507,156Net Income 2012: -$13,0062012Revenue 2013: $482,887Expenses 2013: $482,667Net Income 2013: $2202013Revenue 2014: $509,310Expenses 2014: $487,631Net Income 2014: $21,6792014Revenue 2015: $555,101Expenses 2015: $565,438Net Income 2015: -$10,3372015Revenue 2016: $756,936Expenses 2016: $770,409Net Income 2016: -$13,4732016Revenue 2017: $840,548Expenses 2017: $795,263Net Income 2017: $45,2852017Revenue 2018: $522,096Expenses 2018: $557,077Net Income 2018: -$34,9812018Revenue 2019: $799,527Expenses 2019: $702,003Net Income 2019: $97,5242019Revenue 2020: $546,839Expenses 2020: $677,204Net Income 2020: -$130,3652020

Highlighted filing

2020

Revenue$546,839
Expenses$677,204
Net Income-$130,365

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 15, 2020
Return Version
2019v5.0
Gross Receipts
$555,149
Mission and Program Overview

Mission

Fair oaks preschool center was established in 2002 as a non-profit children's center. The center's mission is to provide affordable, high quality and developmentally appropriate programs for all children. At fair oaks preschool we value diversity and welcome all families without regard to race, religion, ethnic origin, gender, or sexual orientation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,930$136,639▲ $108,709
Savings and Temporary Cash Investments$94,407$108,609▲ $14,202
Accounts Receivable$1,137--
Rtn Earn Endowment Incm Other Fnds$131,416$1,051▼ $130,365
Land, Buildings, and Equipment, Net$816$295▼ $521
Total Assets$131,690$259,524▲ $127,834
Other Assets Total$7,400$13,981▲ $6,581
Liabilities
Unsecured Notes Loans Payable-$257,317-
Accounts Payable and Accrued Expenses$274$1,156▲ $882
Total Liabilities$274$258,473▲ $258,199
Net Assets / Fund Balance
Total Net Assets Fund Balance$131,416$1,051▼ $130,365
Total Liabilities and Net Assets / Fund Balance$131,690$259,524▲ $127,834

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$295$57,331$57,626
Other Assets Org$60--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alessandra OrrenPresident
Steven MateerDirector
Elizabeth Schenck-brownExecutive Di
Nikhil PoleSecretary
Seadra ChagollaTreasurer
Alana ChazanVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$30,076
Program Service Revenue
$516,738
Investment Income
$25
Other Revenue
$0
All Other Contributions
$15,920
Change in Net Assets
$-130,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$536,524
Other Expenses$140,680
Total Fundraising Expense$2,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$395,490$12,925$1,077$409,492
Other Employee Benefits$82,934$6,422$535$89,891
Occupancy$34,858$4,808$401$40,067
Payroll Taxes$32,313$4,457$371$37,141
Insurance$25,073$3,458$288$28,819
Fees for Services Other$9,372$1,293$107$10,772
Office Expenses$8,295$1,144$95$9,534
Fees for Services Accounting$5,859$808$67$6,734
All Other Expenses$2,392$2,016$18$4,426
Information Technology$1,705$235$20$1,960
Other Expenses$1,744$194-$1,938
Advertising$1,190--$1,190
Depreciation Depletion$441$80-$521
Conferences and Meetings-$113-$113
Total Functional Expenses$616,007$58,218$2,979$677,204
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,310
Fundraising Gross Income$8,310
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
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 9

Alana chazan 301 n orange grove blvd pasadena, ca 91103 seadra chagolla 1938 mcpherrin ave monterey park, ca 91754 nikhil pole 697 lomora ave pasadena, ca 91107 steven mateer 634 n wabash ave gllendora, ca 91741

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

The director presents the 990 to the board of directors for review and approval.

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

Potential conflicts of interest are reviewed annually when nominating new board members and maintaining current members.

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

The board of directors reviews the executive director salary annually and determines the rate of compensation.

Form 990, Page 6, Part VI, Line 19

All forms are kept in the executive director's office and open for review upon request.

Filing and Contact Details

Filer

Filer Name
Fair Oaks Preschool
EIN
55-0793439
Phone
6262299957
Address
115 N CALAIS RD, EAST CALAIS, VT 05650-8066

Signing Officer

Name
Elizabeth Schenck-brown
Title
Executive Director
Phone
8026652608
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alessandra Orren
Formed
2002
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
21

Preparer

Firm
Ki Patton CPA
Address
4712 E 2ND ST 141, LONG BEACH, CA 90803-5309
Preparer
Kathleen I Patton
Phone
5624953213
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Fair oaks preschool center was established in 2002 as a non-profit children's center. The center's mission is to provide affordable, high quality and developmentally appropriate programs for all children. At fair oaks preschool we value diversity and welcome all families without regard to race, religion, ethnic origin, gender, or sexual orientation.

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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0295
IRS990ScheduleD/TotalBookValueOtherAssetsAmt013981
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0FAIR OAKS PRESCHOOL DOES NOT USE NEWSPAPERS OR THE BROADCAST MEDIA TO SOLICIT FOR STUDENTS. OUR STATEMENT OF NONDISCRIMINATION IS INCLUDED IN ALL HANDOUTS FOR PROSPECTIVE FAMILIES, IN ALL HANDBOOKS AND ON OUR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAIR OAKS PRESCHOOL CENTER WAS ESTABLISHED IN 2002 AS A NON-PROFIT CHILDREN'S CENTER. THE CENTER'S MISSION IS TO PROVIDE AFFORDABLE, HIGH QUALITY AND DEVELOPMENTALLY APPROPRIATE PROGRAMS FOR ALL CHILDREN. AT FAIR OAKS PRESCHOOL WE VALUE DIVERSITY AND WELCOME ALL FAMILIES WITHOUT REGARD TO RACE, RELIGION, ETHNIC ORIGIN, GENDER, OR SEXUAL ORIENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALANA CHAZAN 301 N ORANGE GROVE BLVD PASADENA, CA 91103 SEADRA CHAGOLLA 1938 MCPHERRIN AVE MONTEREY PARK, CA 91754 NIKHIL POLE 697 LOMORA AVE PASADENA, CA 91107 STEVEN MATEER 634 N WABASH AVE GLLENDORA, CA 91741
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTOR PRESENTS THE 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY WHEN NOMINATING NEW BOARD MEMBERS AND MAINTAINING CURRENT MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR SALARY ANNUALLY AND DETERMINES THE RATE OF COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL FORMS ARE KEPT IN THE EXECUTIVE DIRECTOR'S OFFICE AND OPEN FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0131690
IRS990/TotalAssetsEOYAmt0259524
IRS990/TotalAssetsGrp/BOYAmt0131690
IRS990/TotalAssetsGrp/EOYAmt0259524
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030076
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02979
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058218
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0616007
IRS990/TotalFunctionalExpensesGrp/TotalAmt0677204
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0274
IRS990/TotalLiabilitiesEOYAmt0258473
IRS990/TotalLiabilitiesGrp/BOYAmt0274
IRS990/TotalLiabilitiesGrp/EOYAmt0258473
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0131416
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01051
IRS990/TotalProgramServiceExpensesAmt0616007
IRS990/TotalProgramServiceRevenueAmt0516738
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0516763
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0546839
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0131690
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0259524
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0257317
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0301 N ORANGE BLVD
IRS990/USAddress/CityNm0PASADENA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091103
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FAIROAKSPRESCHOOL.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH SCHENCK-BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08026652608
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAIR OAKS PRESCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0FAIR
ReturnHeader/Filer/EIN0550793439
ReturnHeader/Filer/PhoneNum06262299957
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 N CALAIS RD
ReturnHeader/Filer/USAddress/CityNm0EAST CALAIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd0056508066
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0331124754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KI PATTON CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04712 E 2ND ST 141
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LONG BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0908035309
ReturnHeader/PreparerPersonGrp/PhoneNum05624953213
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN I PATTON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-07-15T15:25:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

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