Pre-School Experience Inc

“Board of directors addresses raoul simon, 925 15th ave n, st petersburg, fl 33704 wendy shellhorn, 6032 24th ave n, st petersburg, fl 33710 merry vasterling, 920 15th ave n, st petersburg, fl 33704 thomas cuba, 3760 1st ave n, st petersburg, fl 33713 charlene simon, 925 15th ave n, st petersburg, fl 33704 jim sorensen, 938 16th ave n, st petersburg, fl 33704”

“Raoul simon and charlene simon are husband and wife.”

“Form 990 is emailed to the governing body for review before filing.”

“It is the policy of pre-school experience, inc that no member of the board of directors or member of his/her family shall directly or indirectly financially benefit from their association with the organization to the detriment of the organization. The president of the board of directors inqires annually and ensures that the other directors have read the conflict of interest policy and are in compliance with it. All transactions must go through the normal procurement procedures. In the event that a transaction involves a board member, that board member must avoid participating in a vote. In addition, the board must be made aware of all potential conflicts of interest. No conflicts of interest have occurred in the past and none are anticipated.”

“The board members are not compensated. The sole key employee was the executive director for many years, mary gray. In december, the position of executive director became unnecessary, and ms. Gray was let go with a severance package consisting of her salary through december 17, an additional two weeks pay through december 31, her monthly mileage allowance, any accrued sick pay and vacation pay, and one week of pay for each year of service. This severance was approved unanimously by the board of directors. The total pay to ms. Gray was 103,248.35. This was considered very fair in light of ms. Grays help in winding down the operation of the preschool facilitating the sales and donations of the contents of the building and her thirty two years of service.”

“Form 990 and the conflict of interest policy are made available upon request.”

“The organization ceased accepting children in april 2020, as reported on the 2020 forms. The decision was made to sell the child care facility in its entirety and use the proceeds to make donations to deserving 501c3 organizations that are consistent with the goals of furthering education, nutrition, and skills building among children in the city and county. Expenses have been reduced to a minimum, including the required records storage as well as telephone and legal and professional fees. No more public contributions are being solicited. The remaining funds, less the required expenses, are expected to be disbursed in 2022 and, perhaps, 2023, after which the organization will be dissolved.”

“Other assets land, building, improvements, and equipment all sold or donated or abandoned in 2021 437,955 less depreciation at the beginning of the year of 354,424 and current depreciation of 7,893 equaling a net of 83,531.”