Civic Intelligence

Willow Tree Preschool

990 • Fiscal year 2020 • EIN 82-2980265

Aug 01, 2019 to Jul 31, 2020 • Filed on Dec 14, 2020

Organization Profilebinkleypreschool.org
1712 Willow DriveChapel Hill, NC 27514

(919) 968-1427

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.17x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.21x

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

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-11%

Higher net margin than 30% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$32,429

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Asset Growth

58th percentile

8.1%

Faster asset growth than 58% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-20%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$250,123

Up $18,685 (+8.1%) from 2019

Net Assets

Up

$207,036

Up $2,059 (+1.0%) from 2019

Liabilities

Up

$43,087

Up $16,626 (+63%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin30th percentile

Revenue

Down

$209,180

Down $52,369 (-20%) from 2019

Expenses

Down

$231,778

Down $9,843 (-4.1%) from 2019

Net Income

Down

-$22,598

Down $42,526 (-213%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$300K$200K$100K$0Assets 2018: $218,306Liabilities 2018: $33,257Net Assets 2018: $185,0492018Assets 2019: $231,438Liabilities 2019: $26,461Net Assets 2019: $204,9772019Assets 2020: $250,123Liabilities 2020: $43,087Net Assets 2020: $207,0362020Assets 2021: $188,808Liabilities 2021: $41,813Net Assets 2021: $146,9952021Assets 2022: $222,452Liabilities 2022: $26,793Net Assets 2022: $195,6592022Assets 2023: $9,093Liabilities 2023: $0Net Assets 2023: $9,0932023Assets 2024: $245,404Liabilities 2024: $39,689Net Assets 2024: $205,7152024

Highlighted filing

2020

Assets$250,123
Liabilities$43,087
Net Assets$207,036
Open 2020 Filing

Operations Trend

Revenue Growth49th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2018: $271,285Expenses 2018: $230,015Net Income 2018: $41,2702018Revenue 2019: $261,549Expenses 2019: $241,621Net Income 2019: $19,9282019Revenue 2020: $209,180Expenses 2020: $231,778Net Income 2020: -$22,5982020Revenue 2021: $89,201Expenses 2021: $147,185Net Income 2021: -$57,9842021Revenue 2022: $300,925Expenses 2022: $229,032Net Income 2022: $71,8932022Revenue 2023: $234,024Expenses 2023: $225,382Net Income 2023: $8,6422023Revenue 2024: $192,000Expenses 2024: $226,384Net Income 2024: -$34,3842024

Highlighted filing

2020

Revenue$209,180
Expenses$231,778
Net Income-$22,598
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Dec 14, 2020
Return Version
2019v5.1
Gross Receipts
$209,180
Mission and Program Overview

Mission

Binkley Preschool believes that all children regardless of ethnic,cultural or socio-economic isues have deserve a childhood education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,895$248,605▲ $201,710
Savings and Temporary Cash Investments$182,739--
Land, Buildings, and Equipment, Net-$852-
Prepaid Expenses and Deferred Charges-$418-
Accounts Receivable-$248-
Total Assets$229,634$250,123▲ $20,489
Liabilities
Unsecured Notes Loans Payable-$43,087-
Total Liabilities$0$43,087▲ $43,087
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$229,634$207,036▼ $22,598
Total Net Assets Fund Balance$229,634$207,036▼ $22,598
Total Liabilities and Net Assets / Fund Balance$229,634$250,123▲ $20,489

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$852$652-
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kim BuckleyDirectorPT$32,429$32,429

Board Members and Trustees

NameTitle
Lindsey BennettChair
Mary Elizabeth ZaldivarVice Chair
Cassie MarshallAssistant Fundraising
Hannah BissmeyerAssistant Registrar
Jordan DawsonAssistant Treasurer
Courteny WrightFundraising
Callie TramantanoParent Coordinator
Jenn ShermanRegistrar
Xiao Meng ZhouScholarship
Hannah BissmeyerSecretray
Linda WuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,326
Program Service Revenue
$192,330
Investment Income
$259
Other Revenue
$265
All Other Contributions
$13,877
Change in Net Assets
$-22,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$206,817
Other Expenses$24,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$157,756--$157,756
Current Officers, Directors, Trustees, and Key Employees$32,429--$32,429
Payroll Taxes$16,632--$16,632
All Other Expenses$7,484--$7,484
Other Expenses$4,193--$4,193
Insurance$3,320--$3,320
Fees for Services Legal$2,000--$2,000
Total Functional Expenses$231,778$0$0$231,778
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 governing body review Part VI line 11

“No review was conducted or planned due to Covid19 restrictions.”

Officer director etc mailing address Part VI line 9

“All inquiries should be mailed to Preschool.Address: 1712 Willow Drive, Chapel Hill NC 27514.Attn: Preschool Director”

Conflict of interest policy compliance Part VI line 12C

“Written Policy available by request.”

CEO executive director top management comp Part VI line 15A

“All compensation is conducted via annual board input in conjunction with budget. Personnel committee envolved in all aspects of compensation for all staff members.”

Other officer or key employee compensation Part VI line 15B

“Only Officer on paid staff is Preschool Director, Kim Buckley.”

Governing documents etc available to public Part VI line 19

“All Preschool governing documents are availble via request to the Preschool Board.”

Filing and Contact Details

Filer

Filer Name
Willow Tree Preschool
EIN
82-2980265
Address
1712 Willow Drive, Chapel Hill, NC 27514
Doing Business As
Binkley Preschool

Signing Officer

Name
Lindsey Bennett
Title
Chair
Phone
9199681427
Signed
2020-12-14
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
18

Preparer

Firm
Gilbert Financial Solutions LLC
Address
493 Fearrington Post, Pittsboro, NC 27312
Preparer
Duane Gilbert
Phone
9198246123
Supplemental Narrative

Additional Explanations

Part X response or note to any line in Part X

“Preschool received PPP Loan of $39,351.00.”

General explanation attachment

“All key employee including Preschool Direction have annual reviews and all compensation decisions are made by Preschool Personnel Committee and reviewed & approved by entire Preschool board. In March of 2020 along with all other schools dictated by local and state requirements the Preschool closed all operations for the rest of the current school year due to Covid19. All teachers were paid their regular hours and rates from March-May of 2020 even though classes were stopped. In April of 2020, Preschool applied for and was granted a Paycheck Protection Program Loan through Celtic Bank Corporation of $39,351.00. Loan was applied to general operating funds and fulfilled the needed purpose of the loan to be forgiven at a later time.All Preschool operatons have continued to be monitored but no in person classes have started back as of December 30,2020.”

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IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
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IRS990/ReconcilationRevenueExpnssAmt0-22598
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/RevenueAmt0209180
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0182739
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0852
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0652
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01504
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0852
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/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Willow Tree Preschool does not disciminate on any basis due to race, color, ethnic, cultural or socio-economic items.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0General Explanation Attachment
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was conducted or planned due to Covid19 restrictions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All inquiries should be mailed to Preschool.Address: 1712 Willow Drive, Chapel Hill NC 27514.Attn: Preschool Director
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Written Policy available by request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All compensation is conducted via annual board input in conjunction with budget. Personnel committee envolved in all aspects of compensation for all staff members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Only Officer on paid staff is Preschool Director, Kim Buckley.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All Preschool governing documents are availble via request to the Preschool Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Preschool received PPP Loan of $39,351.00.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7All key employee including Preschool Direction have annual reviews and all compensation decisions are made by Preschool Personnel Committee and reviewed & approved by entire Preschool board. In March of 2020 along with all other schools dictated by local and state requirements the Preschool closed all operations for the rest of the current school year due to Covid19. All teachers were paid their regular hours and rates from March-May of 2020 even though classes were stopped. In April of 2020, Preschool applied for and was granted a Paycheck Protection Program Loan through Celtic Bank Corporation of $39,351.00. Loan was applied to general operating funds and fulfilled the needed purpose of the loan to be forgiven at a later time.All Preschool operatons have continued to be monitored but no in person classes have started back as of December 30,2020.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer director etc mailing address Part VI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part X response or note to any line in Part X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0231778
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231778
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt043087
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IRS990/TotalProgramServiceExpensesAmt0231778
IRS990/TotalProgramServiceRevenueAmt0192330
IRS990/TotalReportableCompFromOrgAmt032429
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0192854
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0209180
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt018
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0250123
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt043087
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0binkleypreschool.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lindsey Bennett
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09199681427
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Willow Tree Preschool
ReturnHeader/Filer/BusinessNameControlTxt0WILL
ReturnHeader/Filer/EIN0822980265
ReturnHeader/Filer/USAddress/AddressLine1Txt01712 Willow Drive
ReturnHeader/Filer/USAddress/CityNm0Chapel Hill
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027514
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gilbert Financial Solutions LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0493 Fearrington Post
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pittsboro
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027312

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$250,123
Liabilities
$43,087
Net assets
$207,036
Revenue
$209,180
Expenses
$231,778
Net income
-$22,598
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.45$0.40$2.06$1.92$2.26$0.34
2023Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$2.34$2.25$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.27$1.96$3.01$2.29$0.72
2021Detailed filing. Detailed filing data is available for this year.$1.89$0.42$1.47$0.89$1.47$0.58
2020Detailed filing. Detailed filing data is available for this year.$2.50$0.43$2.07$2.09$2.32$0.23
2019Detailed filing. Detailed filing data is available for this year.$2.31$0.26$2.05$2.62$2.42$0.20
2018Detailed filing. Detailed filing data is available for this year.$2.18$0.33$1.85$2.71$2.30$0.41