Preschool Experience Inc

Newton, MA
Tax-exempt since Jan. 1981
EIN: 04-2710075

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Details

According to its Aug. 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Revenue

$581k (2023)

Expenses

$455k (2023)

Total Assets

$524k (2023)

Total Liabilities

$113k (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Aug.
2023

Revenue

$580,745

Expenses

$454,879

Net Income

$125,866

Net Assets

$411,202

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$47,247	8.1%
Program Services	$528,744	91.0%
Investment Income	$2,243	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$2,511	0.4%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$106,443	23.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$523,818
Total Liabilities	$112,616
Net Assets	$411,202

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Danielle Ball (Pres/Clerk/Director)	$97,068	$0	$0
Patrice Thornberg (Treasurer/Director)	$9,375	$0	$0

990

Filed on July 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2022

Revenue

$519,036

Expenses

$390,410

Net Income

$128,626

Net Assets

$281,323

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$49,316	9.5%
Program Services	$459,340	88.5%
Investment Income	$3,185	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$5,996	1.2%
Sales of Assets	$1,074	0.2%
Net Inventory Sales	$0
Other Revenue	$125	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$103,316	26.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$402,758
Total Liabilities	$121,435
Net Assets	$281,323

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Danielle Ball (Pres/Clerk/Director)	$96,559	$0	$0
Patrice Thornberg (Treasurer/Director)	$6,757	$0	$0

990

Filed on Jan. 17, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2021

Revenue

$428,903

Expenses

$319,366

Net Income

$109,537

Net Assets

$171,879

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$71,671	16.7%
Program Services	$346,014	80.7%
Investment Income	$3,126	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$2,072	0.5%
Sales of Assets	$4,486	1.0%
Net Inventory Sales	$0
Other Revenue	$1,534	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$102,093	32.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$260,886
Total Liabilities	$89,007
Net Assets	$171,879

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Danielle Ball (Pres/Clerk/Director)	$59,714	$0	$0
Patrice Thornberg (Treasurer/Director)	$42,379	$0	$0

990

Filed on April 4, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Aug.
2020

Revenue

$368,447

Expenses

$405,515

Net Income

-$37,068

Net Assets

$56,488

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$361,491	98.1%
Investment Income	$2,183	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$3,461	0.9%
Sales of Assets	$888	0.2%
Net Inventory Sales	$0
Other Revenue	$424	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$150,748	37.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$193,118
Total Liabilities	$136,630
Net Assets	$56,488

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrice Thornberg (Treasurer/Director)	$99,915	$0	$0
Danielle Ball (Pres/Clerk/Director)	$50,833	$0	$0

990

Filed on July 28, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2019

Revenue

$483,391

Expenses

$478,811

Net Income

$4,580

Net Assets

$89,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$465,318	96.3%
Investment Income	$2,217	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$11,540	2.4%
Sales of Assets	$301	0.1%
Net Inventory Sales	$0
Other Revenue	$4,015	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$123,580	25.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$162,680
Total Liabilities	$72,830
Net Assets	$89,850

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrice Thornberg (Treasurer/Director)	$102,800	$0	$0
Margaret A Avery (Pres/Clerk/Director)	$20,780	$0	$0

990

Filed on Dec. 10, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2018

Revenue

$434,452

Expenses

$457,713

Net Income

-$23,261

Net Assets

$85,268

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$416,842	95.9%
Investment Income	$2,037	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$8,278	1.9%
Sales of Assets	$7,263	1.7%
Net Inventory Sales	$0
Other Revenue	$32	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$121,476	26.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$159,648
Total Liabilities	$74,380
Net Assets	$85,268

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrice Thornberg (Treasurer/Director)	$98,302	$0	$0
Margaret A Avery (Pres/Clerk/Director)	$23,174	$0	$0

990

Filed on Jan. 10, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2017

Revenue

$412,141

Expenses

$449,002

Net Income

-$36,861

Net Assets

$109,061

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$402,406	97.6%
Investment Income	$2,409	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$10,118	2.5%
Sales of Assets	-$2,911
Net Inventory Sales	$0
Other Revenue	$119	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$159,504	35.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$176,889
Total Liabilities	$67,828
Net Assets	$109,061

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrice Thornberg (Treasurer/Director)	$87,347	$0	$0
Margaret A Avery (Pres/Clerk/Director)	$72,157	$0	$0

990

Filed on Feb. 6, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2016

Revenue

$484,725

Expenses

$459,007

Net Income

$25,718

Net Assets

$134,673

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$471,690	97.3%
Investment Income	$3,234	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$9,801	2.0%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$174,206	38.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$161,060	35.1%

Assets/Debt
Total Assets	$189,005
Total Liabilities	$54,332
Net Assets	$134,673

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrice Thornberg (Treasurer/Director)	$97,565	$0	$0
Margaret A Avery (Pres/Clerk/Director)	$76,641	$0	$0

990

Filed on Feb. 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2015

Revenue

$474,810

Expenses

$445,541

Net Income

$29,269

Net Assets

$112,756

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$500	0.1%
Program Services	$451,732	95.1%
Investment Income	$3,852	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$9,169	1.9%
Sales of Assets	$9,557	2.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$161,791	36.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$155,336	34.9%

Assets/Debt
Total Assets	$201,296
Total Liabilities	$88,540
Net Assets	$112,756

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrice Thornberg (Treasurer/Director)	$84,011	$0	$0
Margaret A Avery (Pres/Clerk/Director)	$77,780	$0	$0

990

Filed on March 1, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2014

Revenue

$473,543

Expenses

$435,725

Net Income

$37,818

Net Assets

$96,617

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$500	0.1%
Program Services	$464,084	98.0%
Investment Income	$2,515	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$8,131	1.7%
Sales of Assets	-$1,687
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$160,974	36.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$153,913	35.3%

Assets/Debt
Total Assets	$200,678
Total Liabilities	$104,061
Net Assets	$96,617

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrice Thornberg (Treasurer/Director)	$83,639	$0	$0
Margaret A Avery (Pres/Clerk/Director)	$77,335	$0	$0

990

Filed on June 5, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2013

Revenue

$409,376

Expenses

$432,574

Net Income

-$23,198

Net Assets

$52,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$500	0.1%
Program Services	$394,707	96.4%
Investment Income	$2,989	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$11,180	2.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$153,623	35.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$156,988
Total Liabilities	$104,922
Net Assets	$52,066

990

Filed on March 14, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Aug.
2012

Revenue

$436,034

Expenses

$426,644

Net Income

$9,390

Net Assets

$76,388

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$500	0.1%
Program Services	$425,748	97.6%
Investment Income	$1,923	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$9,685	2.2%
Sales of Assets	-$1,822
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$158,227	37.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$174,453
Total Liabilities	$98,065
Net Assets	$76,388

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Revenue

$424,925

Expenses

$411,471

Net Income

$13,454

Net Assets

$61,132

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$424,935	> 100%
Investment Income	$287	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$297
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$152,037	36.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$170,751
Total Liabilities	$109,619
Net Assets	$61,132

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Aug.
2010

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

990

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Updated September 24, 2024

Preschool Experience Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $581k (2023)

Expenses $455k (2023)

Total Assets $524k (2023)

Total Liabilities $113k (2023)

Tax Filings by Year

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

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Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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Compensation

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Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$581k (2023)

Expenses

$455k (2023)

Total Assets

$524k (2023)

Total Liabilities

$113k (2023)

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002

Fiscal Year Ending Aug.
2001