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Little Leaders Prepschool Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Child Day Care (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2021 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$102k (2021)

Expenses
$94.8k (2021)

Total Assets
$72.5k (2021)

Total Liabilities
$79.2k (2021)

Source: Form 990 tax filings from 2011 to 2021

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,402
Expenses
$94,812
Net Income
$7,590
Net Assets
-$6,744
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,227
25.6%
Program Services $76,175
74.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $9,800
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $23,222
24.5%
Assets/Debt
Total Assets $72,503
Total Liabilities $79,247
Net Assets -$6,744
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nancy Wallace (President/Treasurer) $9,800 $0 $0
Wanda Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,531
Expenses
$149,171
Net Income
-$93,640
Net Assets
-$119,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,531
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,800
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $41,192
27.6%
Assets/Debt
Total Assets $8,068
Total Liabilities $127,790
Net Assets -$119,722
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nancy Wallace (President/Treasurer) $7,800 $0 $0
Wanda Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$281,537
Expenses
$304,067
Net Income
-$22,530
Net Assets
-$26,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $281,537
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $37,800
12.4%
Professional Fundraising Fees $0
Other Salaries and Wages $151,091
49.7%
Assets/Debt
Total Assets $27,168
Total Liabilities $53,434
Net Assets -$26,266
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nancy Wallace (President/Treasurer) $37,800 $0 $0
Wanda Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$361,473
Expenses
$310,339
Net Income
$51,134
Net Assets
-$4,580
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $361,473
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $39,400
12.7%
Professional Fundraising Fees $0
Other Salaries and Wages $140,457
45.3%
Assets/Debt
Total Assets $52,842
Total Liabilities $57,422
Net Assets -$4,580
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nancy Wallace (President/Treasurer) $39,400 $0 $0
Wanda Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$299,370
Expenses
$306,546
Net Income
-$7,176
Net Assets
-$56,089
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $299,370
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,000
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $166,803
54.4%
Assets/Debt
Total Assets $15,518
Total Liabilities $71,607
Net Assets -$56,089

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$331,669
Expenses
$360,344
Net Income
-$28,675
Net Assets
-$47,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,000
0.9%
Program Services $328,669
99.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,600
12.7%
Professional Fundraising Fees $0
Other Salaries and Wages $161,011
44.7%
Assets/Debt
Total Assets $13,276
Total Liabilities $61,248
Net Assets -$47,972
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nancy Wallace (President/Treasurer) $45,600 $0 $0
Wanda Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$348,807
Expenses
$342,803
Net Income
$6,004
Net Assets
-$19,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,000
0.9%
Program Services $345,807
99.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $43,800
12.8%
Professional Fundraising Fees $0
Other Salaries and Wages $154,485
45.1%
Assets/Debt
Total Assets $39,482
Total Liabilities $58,780
Net Assets -$19,298
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nancy Wallace (President/Treasurer) $43,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$309,727
Expenses
$311,046
Net Income
-$1,319
Net Assets
-$25,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $309,625
100.0%
Investment Income $102
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $44,623
14.3%
Professional Fundraising Fees $0
Other Salaries and Wages $120,880
38.9%
Assets/Debt
Total Assets $27,539
Total Liabilities $52,841
Net Assets -$25,302
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nancy Wallace (President/Treasurer) $44,623 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$286,340
Expenses
$271,295
Net Income
$15,045
Net Assets
-$23,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $286,339
100.0%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,000
14.7%
Professional Fundraising Fees $0
Other Salaries and Wages $133,873
49.3%
Assets/Debt
Total Assets $29,796
Total Liabilities $53,779
Net Assets -$23,983
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nancy Wallace (President/Treasurer) $40,000 $0 $0
Melvin James (Past President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$341,322
Expenses
$343,405
Net Income
-$2,083
Net Assets
-$36,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $341,322
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $66,000
19.2%
Professional Fundraising Fees $0
Other Salaries and Wages $165,388
48.2%
Assets/Debt
Total Assets $16,051
Total Liabilities $52,616
Net Assets -$36,565

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$367,738
Expenses
$352,635
Net Income
$15,103
Net Assets
-$32,743
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $367,738
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $89,000
25.2%
Professional Fundraising Fees $0
Other Salaries and Wages $149,824
42.5%
Assets/Debt
Total Assets $12,827
Total Liabilities $45,570
Net Assets -$32,743

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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