Civic Intelligence

Willow Tree Preschool

990 • Fiscal year 2022 • EIN 82-2980265

Aug 01, 2021 to Jul 31, 2022 • Filed on Nov 22, 2022

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

0.12x

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

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.09x

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

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Net Margin

67th percentile

24%

Higher net margin than 67% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

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.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Asset Growth

68th percentile

18%

Faster asset growth than 68% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

237%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$222,452

Up $33,644 (+18%) from 2021

Net Assets

Up

$195,659

Up $48,664 (+33%) from 2021

Liabilities

Down

$26,793

Down $15,020 (-36%) from 2021

Revenue

Up

$300,925

Up $211,724 (+237%) from 2021

Expenses

Up

$229,032

Up $81,847 (+56%) from 2021

Net Income

Up

$71,893

Up $129,877 (+224%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$222,452
Liabilities$26,793
Net Assets$195,659

Operations Trend

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

2022

Revenue$300,925
Expenses$229,032
Net Income$71,893
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Nov 22, 2022
Return Version
2021v4.2
Gross Receipts
$300,925
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$187,944$220,188▲ $32,244
Pledges and Grants Receivable-$1,473-
Land, Buildings, and Equipment, Net$451$451→ $0
Accounts Receivable$413$340▼ $73
Total Assets$188,808$222,452▲ $33,644
Liabilities
Accounts Payable and Accrued Expenses$39,351--
Deferred Revenue$25,688$26,793▲ $1,105
Total Liabilities$65,039$26,793▼ $38,246
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$123,769$195,659▲ $71,890
Total Net Assets Fund Balance$123,769$195,659▲ $71,890
Total Liabilities and Net Assets / Fund Balance$188,808$222,452▲ $33,644

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$451$1,053-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lara ValerioChair
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
$5,574
Program Service Revenue
$234,447
Investment Income
$49
Other Revenue
$60,855
All Other Contributions
$5,574
Change in Net Assets
$71,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$203,651
Other Expenses$25,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$146,020--$146,020
Current Officers, Directors, Trustees, and Key Employees$41,484--$41,484
Payroll Taxes$16,147--$16,147
Other Expenses$6,060--$6,060
Insurance$3,391--$3,391
Office Expenses$2,414--$2,414
Information Technology$1,619--$1,619
Fees for Services Legal$488--$488
Total Functional Expenses$229,032$0$0$229,032
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
2022-11-22
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
15

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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Van Wert
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09199681427

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