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Preferred School Care 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: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 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
$1.85M (2023)

Expenses
$1.66M (2023)

Total Assets
$1.11M (2023)

Total Liabilities
$4.29k (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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,854,317
Expenses
$1,658,005
Net Income
$196,312
Net Assets
$1,105,773
Notable Sources of Revenue Percent of Total Revenue
Contributions $613,897
33.1%
Program Services $1,222,704
65.9%
Investment Income $17,716
1.0%
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 $367,255
22.2%
Professional Fundraising Fees $0
Other Salaries and Wages $911,853
55.0%
Assets/Debt
Total Assets $1,110,063
Total Liabilities $4,290
Net Assets $1,105,773
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $202,000 $0 $0
Angela Selmon (Secy/Treas) $123,000 $0 $0
T Ramsey (Director) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
M Davis (Director) $0 $0 $0
C Elder (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,824,235
Expenses
$1,399,808
Net Income
$424,427
Net Assets
$909,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $741,485
40.6%
Program Services $1,076,151
59.0%
Investment Income $6,599
0.4%
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 $264,265
18.9%
Professional Fundraising Fees $0
Other Salaries and Wages $808,140
57.7%
Assets/Debt
Total Assets $919,838
Total Liabilities $10,377
Net Assets $909,461
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $144,440 $0 $0
Angela Selmon (Secy/Treas) $81,530 $0 $0
T Ramsey (Director) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
M Davis (Director) $0 $0 $0
C Elder (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$452,566
Expenses
$371,627
Net Income
$80,939
Net Assets
$485,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $387,921
85.7%
Program Services $64,062
14.2%
Investment Income $583
0.1%
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 $153,360
41.3%
Professional Fundraising Fees $0
Other Salaries and Wages $72,527
19.5%
Assets/Debt
Total Assets $701,057
Total Liabilities $216,023
Net Assets $485,034
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $96,605 $0 $0
Angela Selmon (Secy/Treas) $42,500 $0 $0
T Ramsey (Director) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
M Davis (Director) $0 $0 $0
C Elder (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$964,529
Expenses
$798,140
Net Income
$166,389
Net Assets
$404,095
Notable Sources of Revenue Percent of Total Revenue
Contributions $347,334
36.0%
Program Services $617,180
64.0%
Investment Income $15
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 $206,095
25.8%
Professional Fundraising Fees $0
Other Salaries and Wages $407,963
51.1%
Assets/Debt
Total Assets $546,331
Total Liabilities $142,236
Net Assets $404,095
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $114,605 $0 $0
Angela Selmon (Secd/Treas) $56,600 $0 $0
T Ramsey (Director) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
A Daniel (Director) $0 $0 $0
C Elder (Direcctor) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$832,892
Expenses
$830,252
Net Income
$2,640
Net Assets
$237,706
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,693
10.5%
Program Services $745,152
89.5%
Investment Income $47
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 $168,350
20.3%
Professional Fundraising Fees $0
Other Salaries and Wages $448,332
54.0%
Assets/Debt
Total Assets $249,337
Total Liabilities $11,631
Net Assets $237,706
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $99,074 $0 $0
Angela Selmon (Sec/Treas) $36,386 $0 $0
T Ramsey (Director) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
A Daniel (Director) $0 $0 $0
C Elder (Direcctor) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$912,411
Expenses
$921,374
Net Income
-$8,963
Net Assets
$235,066
Notable Sources of Revenue Percent of Total Revenue
Contributions $146,440
16.0%
Program Services $765,919
83.9%
Investment Income $52
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 $168,492
18.3%
Professional Fundraising Fees $0
Other Salaries and Wages $533,945
58.0%
Assets/Debt
Total Assets $244,914
Total Liabilities $9,848
Net Assets $235,066

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$894,162
Expenses
$872,693
Net Income
$21,469
Net Assets
$244,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $126,724
14.2%
Program Services $767,304
85.8%
Investment Income $134
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $478,953
54.9%
Assets/Debt
Total Assets $261,448
Total Liabilities $17,419
Net Assets $244,029
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $105,241 $0 $0
Angela Selmon (Sec/Treas) $26,000 $0 $0
T Ramsey (Director) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
A Daniel (Director) $0 $0 $0
C Elder (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$886,191
Expenses
$879,818
Net Income
$6,373
Net Assets
$222,560
Notable Sources of Revenue Percent of Total Revenue
Contributions $157,995
17.8%
Program Services $727,845
82.1%
Investment Income $351
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 $155,800
17.7%
Professional Fundraising Fees $0
Other Salaries and Wages $484,517
55.1%
Assets/Debt
Total Assets $235,398
Total Liabilities $12,838
Net Assets $222,560
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $98,900 $0 $0
Angela Selmon (Sec/Treas) $26,000 $0 $0
T Ramsey (Director) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
A Daniel (Director) $0 $0 $0
C Elder (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$934,442
Expenses
$898,725
Net Income
$35,717
Net Assets
$216,187
Notable Sources of Revenue Percent of Total Revenue
Contributions $221,510
23.7%
Program Services $712,689
76.3%
Investment Income $243
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 $168,002
18.7%
Professional Fundraising Fees $0
Other Salaries and Wages $498,363
55.5%
Assets/Debt
Total Assets $223,967
Total Liabilities $7,780
Net Assets $216,187
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $106,644 $0 $0
Angela Selmon (Sec/Treas) $29,733 $0 $0
T Ramsey (Director) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
A Daniel (Director) $0 $0 $0
C Elder (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$898,173
Expenses
$907,435
Net Income
-$9,262
Net Assets
$180,470
Notable Sources of Revenue Percent of Total Revenue
Contributions $238,061
26.5%
Program Services $659,855
73.5%
Investment Income $257
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 $165,373
18.2%
Professional Fundraising Fees $0
Other Salaries and Wages $507,401
55.9%
Assets/Debt
Total Assets $194,827
Total Liabilities $14,357
Net Assets $180,470
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Billy E Selmon (President) $101,820 $0 $0
Angela Selmon (Sec/Treas) $27,198 $0 $0
T Ramsey (Chairman) $0 $0 $0
T Sorrells (Director) $0 $0 $0
D Gray (Director) $0 $0 $0
D Chester (Director) $0 $0 $0
A Daniel (Director) $0 $0 $0
C Elder (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$881,681
Expenses
$868,628
Net Income
$13,053
Net Assets
$189,732
Notable Sources of Revenue Percent of Total Revenue
Contributions $262,853
29.8%
Program Services $618,481
70.1%
Investment Income $347
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 $161,227
18.6%
Professional Fundraising Fees $0
Other Salaries and Wages $475,910
54.8%
Assets/Debt
Total Assets $202,584
Total Liabilities $12,852
Net Assets $189,732

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$839,974
Expenses
$847,401
Net Income
-$7,427
Net Assets
$176,679
Notable Sources of Revenue Percent of Total Revenue
Contributions $246,672
29.4%
Program Services $592,609
70.6%
Investment Income $693
0.1%
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 $152,476
18.0%
Professional Fundraising Fees $0
Other Salaries and Wages $440,516
52.0%
Assets/Debt
Total Assets $191,176
Total Liabilities $14,497
Net Assets $176,679

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$925,936
Expenses
$922,035
Net Income
$3,901
Net Assets
$184,106
Notable Sources of Revenue Percent of Total Revenue
Contributions $384,547
41.5%
Program Services $540,964
58.4%
Investment Income $425
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 $162,395
17.6%
Professional Fundraising Fees $0
Other Salaries and Wages $484,221
52.5%
Assets/Debt
Total Assets $195,161
Total Liabilities $11,055
Net Assets $184,106

Document Links

Fiscal Year Ending June
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 June
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 June
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 June
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 June
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 June
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 June
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 June
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.

Which Organizations Are Here?

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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