Preschool Learning Center Inc in New Orleans, Louisiana (LA)
Table of contents:
| Preschool Learning Center Inc | |
| Employer Identification Number (EIN) | 721244022 |
| Name of Organization | Preschool Learning Center Inc |
| In Care of Name | Verna Age |
| Address | 1501 Shirley Drive, New Orleans, LA 70114-2911 |
| Activities | Nursery school |
| Subsection | Charitable Organization |
| Ruling Date | 12/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2008 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $43,466 |
| Amount of Income | $196,415 |
| Form 990 Revenue Amount | $196,024 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Kindergarten, Preschool, Nursery School, Early Admissions |
Non-representatives - add comments:
Amount of income in 2008: $196,415 (it was $196,024 in 2013)
| Preschool Learning Center Inc: | $196,415 |
| Other organizations performing similar types of work: | $322,911 |
Assets in 2008: $43,466 (it was $43,466 in 2013)
| This organization: | $43,466 |
| Other organizations performing similar types of work: | $187,411 |
Expenses in 2013: $140,192
| This organization: | $140,192 |
| Other organizations performing similar types of work: | $367,198 |
Income to expenses ratio in 2013: 1.4
| Preschool Learning Center Inc: | 1.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 37.1%
| This organization: | 37.1% |
| Other organizations performing similar types of work: | 2.3% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $15,732 | $185,539 | $36,258 | $196,024 |
| Contributions, gifts, grants, and similar amounts received | $0 | $134,242 | $0 | $72,703 |
| Program service revenue including government fees and contracts | $15,732 | $51,297 | $36,258 | $123,112 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $209 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $0 | $600 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 | $391 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $120,624 | $242,114 | $105,657 | $140,192 |
| Total net assets | $-104,892 | $-161,467 | $-230,866 | $-30,923 |
| Excess/Deficit for the year | $-104,892 | $-56,575 | $-69,399 | $55,832 |
| Net assets or fund balances at beginning of year | $0 | $-104,892 | $-161,467 | $-86,755 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-230,866 | $-81,634 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $15,301 | $32,755 | $-22,092 | $43,466 |
| Total liabilities | $120,193 | $194,222 | $208,774 | $74,389 |
| Net assets or fund balances | $-104,892 | $-161,467 | $-230,866 | $-30,923 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | Yes | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | No | ||
| Total amount involved | $70,000 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vacaville Christian Academy | 1117 Davis St, Vacaville, CA 95687-5403 | CA | 1976-02 | $9,591,193 |
| 2 | Trinity School Of Midland Texas | 3500 W Wadley Ave, Midland, TX 79707-5748 | TX | 1966-09 | $22,692,309 |
| 3 | Southwest Christian School Inc | 6801 Dan Danciger Rd, Fort Worth, TX 76133-4903 | TX | 1982-11 | $12,192,688 |
| 4 | William Smith Sr Tri County Child Development Council Inc | PO BOX 1728, Bay City, TX 77404-1728 | TX | 1990-11 | $12,017,119 |
| 5 | Tower School In Marblehead Inc | 75 W Shore Dr, Marblehead, MA 01945-1256 | MA | 1938-09 | $9,756,968 |
| 6 | Tulsa Christian Education Corporation | 6363 S Trenton Ave, Tulsa, OK 74136-0741 | OK | 1988-12 | $8,929,590 |
| 7 | Waldorf School Of Garden City | 225 Cambridge Ave, Garden City, NY 11530-4251 | NY | 1961-06 | $8,718,415 |
| 8 | Seagull Schools Inc | 1300 Kailua Rd, Kailua, HI 96734-4368 | HI | 1974-01 | $8,067,350 |
| 9 | Southfield School Inc | 10 Newton St, Brookline, MA 02445-7407 | MA | 1992-01 | $8,039,701 |
| 10 | Tenacre Country Day School Corporation | 78 Benvenue St, Wellesley, MA 02482-7426 | MA | 1972-12 | $7,981,017 |
| 11 | Villa Academy | 5001 Ne 50th St, Seattle, WA 98105-2801 | WA | 1977-04 | $7,964,573 |
| 12 | Runnels School Inc | PO BOX 40444, Baton Rouge, LA 70835-0444 | LA | 1972-09 | $5,515,837 |
| 13 | Lynn Oaks School Inc | 1 Lynn Oaks Dr, Braithwaite, LA 70040-1914 | LA | 1981-06 | $1,112,299 |
| 14 | Montessori School Of Ruston Inc | 700 Woodward Ave, Ruston, LA 71270-2148 | LA | 1989-09 | $443,034 |
| 15 | Montessori School Of Baton Rouge Inc | 8227 Wimbledon Ave, Baton Rouge, LA 70810-1781 | LA | 1983-06 | $426,353 |
| 16 | Child Enrichment Corporation, Kids World No 4 | 1183 Gardere Ln, Baton Rouge, LA 70820-7514 | LA | 1997-04 | $369,423 |
| 17 | Preschool Learning Center Inc | 1501 Shirley Drive, New Orleans, LA 70114-2911 | LA | 1993-12 | $196,415 |
| 18 | Creative Learning Day-Care Inc | 7125c Main Hwy, St Martinville, LA 70582-7800 | LA | 1996-12 | $0 |
| 19 | Little Lamb Nursery Inc | 231 Farrar Ave, Kenner, LA 70062-7204 | LA | 1996-05 | $0 |
| 20 | Montessori N E S T Preschool Inc | 124 Mcgehee Dr, Baton Rouge, LA 70815-5012 | LA | 1995-01 | $0 |
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