Civic Intelligence

Willow Tree Preschool

990 • Fiscal year 2021 • EIN 82-2980265

Aug 01, 2020 to Jul 31, 2021 • Filed on Dec 09, 2021

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

85th percentile

0.22x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.47x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Source year 2021

Net Margin

15th percentile

-65%

Higher net margin than 15% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Source year 2021

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE B • <$500k nonprofits • Source year 2021

Asset Growth

15th percentile

-25%

Faster asset growth than 15% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

22nd percentile

-57%

Faster revenue growth than 22% of similar nonprofits.

2021 filings • NTEE B • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$188,808

Down $61,315 (-25%) from 2020

Net Assets

Down

$146,995

Down $60,041 (-29%) from 2020

Liabilities

Down

$41,813

Down $1,274 (-3.0%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin15th percentile

Revenue

Down

$89,201

Down $119,979 (-57%) from 2020

Expenses

Down

$147,185

Down $84,593 (-36%) from 2020

Net Income

Down

-$57,984

Down $35,386 (-157%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2021

Assets$188,808
Liabilities$41,813
Net Assets$146,995
Open 2021 Filing

Operations Trend

Revenue Growth22nd 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

2021

Revenue$89,201
Expenses$147,185
Net Income-$57,984
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Dec 9, 2021
Return Version
2020v4.1
Gross Receipts
$89,201
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$248,605$187,944▼ $60,661
Land, Buildings, and Equipment, Net$852$451▼ $401
Prepaid Expenses and Deferred Charges$418--
Accounts Receivable$248$413▲ $165
Total Assets$250,123$188,808▼ $61,315
Liabilities
Accounts Payable and Accrued Expenses-$39,351-
Deferred Revenue$45,144$2,462▼ $42,682
Total Liabilities$45,144$41,813▼ $3,331
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$204,979$146,995▼ $57,984
Total Net Assets Fund Balance$204,979$146,995▼ $57,984
Total Liabilities and Net Assets / Fund Balance$250,123$188,808▼ $61,315

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$451$1,053-
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
Laura MockChair
Dana VanWertCoChair
Mary Elizabeth ZaldivarVice Chair
Kim BuckleyDirector
Kimberly BuckleyPreschool Director
Cassie MarshallAssistant Fundraising
Kakki SellarsAssistant Treasurer
Jessica CannonFundraising
Jordan DawsonParent Coordinator
Jenn ShermanRegistrar
Zach HowellScholarships
Linda WuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,279
Program Service Revenue
$83,740
Investment Income
$77
Other Revenue
$105
All Other Contributions
$5,279
Change in Net Assets
$-57,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$128,339
Other Expenses$18,846
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$77,737--$77,737
Current Officers, Directors, Trustees, and Key Employees$41,027--$41,027
Payroll Taxes$9,575--$9,575
Occupancy$5,000--$5,000
Insurance$3,562--$3,562
Royalties$2,210--$2,210
Information Technology$1,629--$1,629
Fees for Services Legal$1,515--$1,515
Other Expenses$1,076--$1,076
Fees for Services Other$300--$300
Office Expenses$190--$190
Total Functional Expenses$147,185$0$0$147,185
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
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
No
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

“All financial and required tax forms are available at all times to all members of the Preschool Board, staff and student parents for review.”

Officer director etc mailing address Part VI line 9

“All mail should be mailed to Willow Preschool home office.1712 Willow DriveChapel Hill, NC 27514ATTN: Kim Buckley”

Other officer or key employee compensation Part VI line 15B

“The Preschool hires and maintains a Preschool Director at all times to manage, oversee all activiities of the organization. That person reports to the Preschool Board and is required annually for a review of all aspects of the Preschool Program.”

Governing documents etc available to public Part VI line 19

“All Governing documents including tax returns are aviable on request of any member of 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
Laura Van Wert
Title
Chair
Phone
9199681427
Signed
2021-12-09
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
20

Preparer

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

Additional Explanations

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.”

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IRS990/PYOtherExpensesAmt024961
IRS990/PYOtherRevenueAmt0-1819
IRS990/PYProgramServiceRevenueAmt0192330
IRS990/PYRevenuesLessExpensesAmt0-36512
IRS990/PYSalariesCompEmpBnftPaidAmt0206817
IRS990/PYTotalExpensesAmt0243867
IRS990/PYTotalRevenueAmt0207355
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-57984
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/ProgramServicesAmt02210
IRS990/RoyaltiesGrp/TotalAmt02210
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/CorrectionMadeInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0451
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01053
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01504
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0451
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All financial and required tax forms are available at all times to all members of the Preschool Board, staff and student parents for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All mail should be mailed to Willow Preschool home office.1712 Willow DriveChapel Hill, NC 27514ATTN: Kim Buckley
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Preschool hires and maintains a Preschool Director at all times to manage, oversee all activiities of the organization. That person reports to the Preschool Board and is required annually for a review of all aspects of the Preschool Program.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All Governing documents including tax returns are aviable on request of any member of the Preschool Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer director etc mailing address Part VI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4General explanation attachment
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0147185
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt041813
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IRS990/TotalLiabilitiesGrp/EOYAmt041813
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0204979
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0146995
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0147185
IRS990/TotalProgramServiceRevenueAmt083740
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt083922
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt089201
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0250123
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0188808
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0binkleypreschool.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Van Wert
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09199681427
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Willow Tree Preschool

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$188,808
Liabilities
$41,813
Net assets
$146,995
Revenue
$89,201
Expenses
$147,185
Net income
-$57,984
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