Family Preschool in Durham, North Carolina (NC)

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Family Preschool
Employer Identification Number (EIN)560956492
Name of OrganizationFamily Preschool
Address4907 Garrett Rd, Durham, NC 27707-3443
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date05/1972
DeductibilityContributions are deductible
FoundationSchool
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$144,055
Amount of Income$199,738
Form 990 Revenue Amount$191,032
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Kindergarten, Preschool, Nursery School, Early Admissions


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Amount of income in 2014: $199,738 (it was $199,604 in 2013)
Family Preschool: 

 $199,738
Other organizations performing similar types of work: 

 $322,911

Assets in 2014: $144,055 (it was $127,371 in 2013)
Family Preschool: 

 $144,055
Other organizations performing similar types of work: 

 $187,411

Expenses in 2013: $166,880
Family Preschool: 

 $166,880
Other organizations performing similar types of work: 

 $367,198

Income to expenses ratio in 2013: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 0.7%
Family Preschool: 

 0.7%
Other organizations performing similar types of work: 

 2.3%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$162,799$165,663$192,873
Contributions, gifts, grants, and similar amounts received$2,205$775$1,347
Program service revenue including government fees and contracts$147,870$153,987$179,531
Membership dues and assessments$0$0$0
Investment income$3,871$1,297$3,312
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$8,853$9,604$8,683
Gross income from gaming$0$0$0
Gross income from fundraising events$22,699$21,756$15,414
Less: direct expenses from gaming and fundraising events$13,846$12,152$6,731
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$154,860$157,250$166,880
Total net assets$90,338$98,751$124,744
Excess/Deficit for the year$7,939$8,413$25,993
Net assets or fund balances at beginning of year$82,399$90,338$98,751
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$98,751$124,744
Balance Sheets
201120122013
Total assets$103,400$116,213$127,371
Total liabilities$13,062$17,462$2,627
Net assets or fund balances$90,338$98,751$124,744
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Vacaville Christian Academy1117 Davis St, Vacaville, CA 95687-5403CA1976-02$9,591,193
2Countryside Montessori School4755 Prosperity Church Rd, Charlotte, NC 28269-8771NC1994-12$4,510,740
3Trinity School Of Midland Texas3500 W Wadley Ave, Midland, TX 79707-5748TX1966-09$22,692,309
4Southwest Christian School Inc6801 Dan Danciger Rd, Fort Worth, TX 76133-4903TX1982-11$12,192,688
5William Smith Sr Tri County Child Development Council IncPO BOX 1728, Bay City, TX 77404-1728TX1990-11$12,017,119
6Caldwell Academy2900 Horse Pen Creek Rd, Greensboro, NC 27410-9701NC1996-06$7,534,546
7Montessori School Of Raleigh Inc7005 Lead Mine Rd, Raleigh, NC 27615-5905NC1975-10$6,462,435
8Raleigh School Inc1141 Raleigh School Dr, Raleigh, NC 27607-3986NC1968-02$4,327,552
9Greensboro Montessori School2856 Horse Pen Creek Rd, Greensboro, NC 27410-9700NC1975-04$4,309,171
10Montessori Community School Inc4512 Pope Rd, Durham, NC 27707-9726NC1981-08$3,551,775
11Waldorf Educational Association Of Nc Inc6211 New Jericho Rd, Chapel Hill, NC 27516-8171NC1984-04$2,496,573
12Montessori Childrens Center Inc6050 Holder Rd, Clemmons, NC 27012-8315NC$1,957,788
13Rainbow Mountain Childrens School574 Haywood Rd, Asheville, NC 28806-3556NC1979-03$1,922,123
14Chapel Hill Cooperative Preschool106 Purefoy Rd, Chapel Hill, NC 27514-4853NC1962-06$1,207,067
15Kanuga-Garrett Baker Memorial IncPO BOX 250, Hendersonvlle, NC 28793-0250NC1992-03$817,383
16The Learning CollaborativePO BOX 36524, Charlotte, NC 28236-6524NC1990-12$684,581
17Wayne MontessoriPO BOX 10646, Goldsboro, NC 27532-0646NC1981-11$342,752
18Kemet School Of Knowledge Inc, Na1075 Sharlimar Drive, Winston Salem, NC 27107NC1993-09$0
19Martha Rountree Center For Change4013 Lake Wilson Rd N, Wilson, NC 27896-8942NC1996-03$0
20Temple Beth Or Preschool5315 Creedmoor Rd, Raleigh, NC 27612-6305NC1983-10$0
Number of organizations performing similar types of work
Alaska8
Alabama6
Arkansas8
Arizona12
California191
Colorado40
Connecticut35
District of Columbia5
Delaware4
Florida29
Georgia19
Hawaii10
Iowa12
Idaho3
Illinois57
Indiana17
Kansas5
Kentucky12
Louisiana9
Massachusetts92
Maryland40
Maine9
Michigan50
Minnesota20
Missouri17
Mississippi11
Montana4
North Carolina34
North Dakota4
Nebraska1
New Hampshire18
New Jersey56
New Mexico13
Nevada1
New York121
Ohio67
Oklahoma7
Oregon26
Pennsylvania46
Rhode Island5
South Carolina5
South Dakota1
Tennessee18
Texas42
Utah10
Virginia39
Vermont15
Washington42
Wisconsin36
West Virginia5
Wyoming5
International3
Total1,345

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