Civic Intelligence

Abc Pre-School Inc

990 • Fiscal year 2019 • EIN 75-2384473

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

13931 Sh 31 WestTyler, TX 75709

(903) 571-6610

Siviq Scores

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

Liabilities / Assets

100th percentile

89.02x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

65th percentile

0.20x

Higher debt load relative to revenue than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

40th percentile

$26,454

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

1st percentile

-81%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-9.4%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,377

Down $10,227 (-81%) from 2018

Net Assets

Down

-$209,230

Down $122,314 (-141%) from 2018

Liabilities

Up

$211,607

Up $112,087 (+113%) from 2018

Revenue

Down

$1,074,791

Down $112,024 (-9.4%) from 2018

Expenses

Down

$1,197,105

Down $13,606 (-1.1%) from 2018

Net Income

Down

-$122,314

Down $98,418 (-412%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2010: $5,826Liabilities 2010: $0Net Assets 2010: $5,8262010Assets 2011: -$4,435Liabilities 2011: $0Net Assets 2011: -$4,4352011Assets 2012: $24Liabilities 2012: $16,195Net Assets 2012: -$16,1712012Assets 2013: -$25,221Liabilities 2013: $5,426Net Assets 2013: -$30,6472013Assets 2014: $803Liabilities 2014: $37,572Net Assets 2014: -$36,7692014Assets 2015: $13,652Liabilities 2015: $78,915Net Assets 2015: -$65,2632015Assets 2016: $250Liabilities 2016: $20,127Net Assets 2016: -$19,8772016Assets 2017: $550Liabilities 2017: $63,570Net Assets 2017: -$63,0202017Assets 2018: $12,604Liabilities 2018: $99,520Net Assets 2018: -$86,9162018Assets 2019: $2,377Liabilities 2019: $211,607Net Assets 2019: -$209,2302019Assets 2020: $0Liabilities 2020: $242,707Net Assets 2020: -$242,7072020

Highlighted filing

2019

Assets$2,377
Liabilities$211,607
Net Assets-$209,230

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $981,4912010Expenses 2011: $919,1502011Expenses 2012: $855,1022012Revenue 2013: $966,176Expenses 2013: $980,652Net Income 2013: -$14,4762013Revenue 2014: $1,038,608Expenses 2014: $1,044,730Net Income 2014: -$6,1222014Revenue 2015: $1,144,731Expenses 2015: $1,142,514Net Income 2015: $2,2172015Revenue 2016: $1,139,568Expenses 2016: $1,094,182Net Income 2016: $45,3862016Revenue 2017: $1,175,116Expenses 2017: $1,218,259Net Income 2017: -$43,1432017Revenue 2018: $1,186,815Expenses 2018: $1,210,711Net Income 2018: -$23,8962018Revenue 2019: $1,074,791Expenses 2019: $1,197,105Net Income 2019: -$122,3142019Revenue 2020: $362,918Expenses 2020: $396,395Net Income 2020: -$33,4772020

Highlighted filing

2019

Revenue$1,074,791
Expenses$1,197,105
Net Income-$122,314
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$1,074,791
Mission and Program Overview

Mission

Day care and meals are provided to children of working parents, some of whom are indigent or partial pay

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$72,600$174,600▲ $102,000
Cash and Non-Interest-Bearing Accounts$11,281$1,811▼ $9,470
Accounts Receivable$757$0▼ $757
Other Notes and Loans Receivable, Net$566$566→ $0
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$12,604$2,377▼ $10,227
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$9,134$19,731▲ $10,597
Other Liabilities$17,786$17,276▼ $510
Total Liabilities$99,520$211,607▲ $112,087
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-86,916$-209,230▼ $122,314
Total Net Assets Fund Balance$-86,916$-209,230▼ $122,314
Total Liabilities and Net Assets / Fund Balance$12,604$2,377▼ $10,227
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan ReaVice PresidentFT$26,454$26,454
Judy HarrisSec/treasPT$7,969$7,969
Darl Lynn SylvesterPresident-$3,000$3,000

Board Members and Trustees

NameTitle
Jeremy HerndonDirector
Terri RawlingsDirector
Nancy ParkerSec/Trea
Revenue and Support

Revenue Composition

Contributions and Grants
$167,178
Program Service Revenue
$907,592
Investment Income
$0
Other Revenue
$21
Change in Net Assets
$-122,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$809,477
Other Expenses$387,628
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$643,031$71,448-$714,479
Occupancy$181,244$5,285-$186,529
Payroll Taxes$54,419$6,659-$61,078
Current Officers, Directors, Trustees, and Key Employees$19,145$14,775-$33,920
All Other Expenses$27,182$6,180-$33,362
Insurance$17,850--$17,850
Other Expenses$13,634$7,969-$7,969
Advertising$2,652--$2,652
Office Expenses-$2,054-$2,054
Information Technology$1,600$84-$1,684
Fees for Services Accounting-$1,150-$1,150
Interest-$562-$562
Total Functional Expenses$1,080,939$116,166$0$1,197,105
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Misti FordFormer OfficerRentNo$105,700

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$72,600$174,600▲ $102,000
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$17,276
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 5: Description of Material Diversion of Assets

A former employee and board member who had complete authority over the bank account issued unauthorized payments to themselves and their family members for services that were never rendered. fraudulent checks were also cashed in the name of other individuals but were actually received by the perpetrator of the fraud. the fraudulent activity occurred between 1/1/2018 and 2/28/2019. Charges have been filed but recovery is not likely. As such, the total amount embezzled ($53,476) has been reported on the 2018 & 2019 Form 990 Part IX line 24d.As part of her embezzlement scheme, she began to pay her husband, who was also an employee, for hours that he did not work. In addition, checks were cut for labor and expenses reimbursements to related entities that were owned by her husband but these were not supported by invoices or expense reimbursement requests.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Abc Pre-school Inc
EIN
75-2384473
Phone
9035716610
Address
13931 SH 31 WEST, TYLER, TX 75709

Signing Officer

Name
Darl Lynn Sylvester
Title
President
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darl Lynn Sylvester
Formed
1992
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
4
Employees
70

Preparer

Firm
Gollob Morgan Peddy PC
Address
1001 ESE Loop 323 Ste 300, Tyler, TX 75701-9609
Preparer
Kevin R Cashion
Phone
9035340088
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0857498
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0890688
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04518798
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Misti Ford
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Former Officer
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IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/PersonNm0Judy Harris
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/RlnDisqualifiedPersonOrgTxt0Former employee and board memb
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IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionDesc0embezzlement
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Misti Ford
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Cecil Ford Tr
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Ford Family Tr
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A former employee and board member who had complete authority over the bank account issued unauthorized payments to themselves and their family members for services that were never rendered. fraudulent checks were also cashed in the name of other individuals but were actually received by the perpetrator of the fraud. the fraudulent activity occurred between 1/1/2018 and 2/28/2019. Charges have been filed but recovery is not likely. As such, the total amount embezzled ($53,476) has been reported on the 2018 & 2019 Form 990 Part IX line 24d.As part of her embezzlement scheme, she began to pay her husband, who was also an employee, for hours that he did not work. In addition, checks were cut for labor and expenses reimbursements to related entities that were owned by her husband but these were not supported by invoices or expense reimbursement requests.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 5: Description of Material Diversion of Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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