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Innovative Preschool Incorporated

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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$290k (2024)

Expenses
$326k (2024)

Total Assets
$46.5k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$290,064
Expenses
$325,978
Net Income
-$35,914
Net Assets
$46,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $290,064
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $229,923
70.5%
Assets/Debt
Total Assets $46,525
Total Liabilities $0
Net Assets $46,525
Compensation
Key Employees and Officers Compensation Related Other
Mahalley Allen (Board Member) $0 $0 $0
Janell Bauer (President) $0 $0 $0
Sarah Minetti (Treasurer) $0 $0 $0
Corey Sparks (Secretary) $0 $0 $0
Cate Szczepanski (Board Member) $0 $0 $0
Sarah Valim (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$284,203
Expenses
$286,120
Net Income
-$1,917
Net Assets
$82,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $284,053
99.9%
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 $150
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $205,491
71.8%
Assets/Debt
Total Assets $82,517
Total Liabilities $0
Net Assets $82,517
Compensation
Key Employees and Officers Compensation Related Other
Janelle Bauer (President) $0 $0 $0
Sarah Minetti (Treasurer) $0 $0 $0
Corey Sparks (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$318,408
Expenses
$331,317
Net Income
-$12,909
Net Assets
$117,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,087
5.4%
Program Services $289,192
90.8%
Investment Income $875
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $11,254
3.5%
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 $234,913
70.9%
Assets/Debt
Total Assets $125,240
Total Liabilities $7,952
Net Assets $117,288
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Janelle Bauer (President) $0 $0 $0
Corey Sparks (Secretary) $0 $0 $0
Sarah Minetti (Treasurer) $0 $0 $0
Britany Campanella (Member) $0 $0 $0
Mahalley Allen (Member) $0 $0 $0
Dustin Bakkie (Member) $0 $0 $0
Valerie Singleton (Member) $0 $0 $0
Sarah Vanwert (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$358,133
Expenses
$318,189
Net Income
$39,944
Net Assets
$130,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $93,234
26.0%
Program Services $264,230
73.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $669
0.2%
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 $238,629
75.0%
Assets/Debt
Total Assets $151,414
Total Liabilities $21,217
Net Assets $130,197
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Colleen Ehrhart (President) $0 $0 $0
Mahalley Allen (Secretary) $0 $0 $0
Lauren Scarborough (Treasurer) $0 $0 $0
Janelle Bauer (Member) $0 $0 $0
Tal Slemrod (Member) $0 $0 $0
Sheri Espinoza (Member) $0 $0 $0
Carly Marshall (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$265,729
Expenses
$307,019
Net Income
-$41,290
Net Assets
$90,253
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,692
7.4%
Program Services $237,987
89.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $8,050
3.0%
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 $224,955
73.3%
Assets/Debt
Total Assets $95,689
Total Liabilities $5,436
Net Assets $90,253
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Colleen Ehrhart (President) $0 $0 $0
Mahalley Allen (Secretary) $0 $0 $0
Lauren Scarborough (Treasurer) $0 $0 $0
Janelle Bauer (Member) $0 $0 $0
Shelly Hart (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$345,825
Expenses
$348,204
Net Income
-$2,379
Net Assets
$131,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,154
8.4%
Program Services $310,250
89.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $6,421
1.9%
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 $263,314
75.6%
Assets/Debt
Total Assets $142,231
Total Liabilities $10,688
Net Assets $131,543
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Nili Yudice (President) $0 $0 $0
Valerie Singleton (Vice President) $0 $0 $0
Mahalley Allen (Secretary) $0 $0 $0
Jochen Nuester (Treasurer) $0 $0 $0
Shannon Pope (Officer) $0 $0 $0
Carley Marshall (Officer) $0 $0 $0
Colleen Ehrhart (Officer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$376,220
Expenses
$355,039
Net Income
$21,181
Net Assets
$133,922
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,639
12.1%
Program Services $322,737
85.8%
Investment Income $853
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $6,991
1.9%
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 $272,331
76.7%
Assets/Debt
Total Assets $147,040
Total Liabilities $13,118
Net Assets $133,922
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Nili Yudice (President) $0 $0 $0
Valerie Singleton (Vice President) $0 $0 $0
Mahalley Allen (Secretary) $0 $0 $0
Jochen Nuester (Officer) $0 $0 $0
Shannon Pope (Officer) $0 $0 $0
Sheri Espinoza (Officer) $0 $0 $0
Nicole Charlton Robles (Officer) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$334,757
Expenses
$322,088
Net Income
$12,669
Net Assets
$112,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $31,907
9.5%
Program Services $292,320
87.3%
Investment Income $944
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $9,586
2.9%
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 $245,276
76.2%
Assets/Debt
Total Assets $133,441
Total Liabilities $20,700
Net Assets $112,741
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Nili Yudice (President) $0 $0 $0
Valerie Singleton (Vice President) $0 $0 $0
Mahalley Allen (Secretary) $0 $0 $0
Jochen Nuester (Officer) $0 $0 $0
Shannon Pope (Officer) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$294,377
Expenses
$270,611
Net Income
$23,766
Net Assets
$100,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,826
6.1%
Program Services $271,938
92.4%
Investment Income $51
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $4,562
1.5%
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 $206,093
76.2%
Assets/Debt
Total Assets $118,461
Total Liabilities $18,389
Net Assets $100,072
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Nili Yudice (President) $0 $0 $0
Valerie Singleton (Vice President) $0 $0 $0
Sheri Espinoza (Secretary) $0 $0 $0
Nicole Charlton Robles (Officer) $0 $0 $0
Brandy France (Officer) $0 $0 $0
Jill Vierra (Officer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$240,013
Expenses
$243,340
Net Income
-$3,327
Net Assets
$76,306
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,675
9.4%
Program Services $216,917
90.4%
Investment Income $838
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$291
Sales of Assets $0
Net Inventory Sales -$976
Other Revenue $850
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $37,652
15.5%
Professional Fundraising Fees $0
Other Salaries and Wages $146,556
60.2%
Assets/Debt
Total Assets $80,692
Total Liabilities $4,386
Net Assets $76,306
Other
Operated a school
Reported a significant diversion of assets
Compensation
Key Employees and Officers Compensation Related Other
Catherine Szczepanski (Executive Director) $25,427 $0 $9,519
Nicole Charlton Robles (Board Member) $0 $0 $0
Valerie Singleton (Board Member) $0 $0 $0
Jenna Mccurdy (Board Member) $0 $0 $0
Lauren Thiede (Board Member) $0 $0 $0
Jill Vierra (Board Member) $0 $0 $0
Jinsong Zhang (Board Member) $0 $0 $0
Nili Yudice (President) $0 $0 $0
Cynthia Bynoe Cester (Secretary) $0 $0 $0
Eliza Sevier (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,507
Expenses
$245,042
Net Income
-$29,535
Net Assets
$79,633
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,997
7.9%
Program Services $195,609
90.8%
Investment Income $2,254
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$870
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,185
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $50,378
20.6%
Professional Fundraising Fees $0
Other Salaries and Wages $129,265
52.8%
Assets/Debt
Total Assets $86,727
Total Liabilities $7,094
Net Assets $79,633
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cate Kaylor (Program Director) $17,674 $0 $4,358
Valerie Singleton (Program Director) $10,921 $0 $0
Nili Yudice (President, Director) $0 $0 $0
Cynthia Bynoe (Secretary) $0 $0 $0
Eliza Sevier (Treasurer) $0 $0 $0
Nicole Charlton Robles (Director) $0 $0 $0
Jenna Mccurdy (Director) $0 $0 $0
Lauren Thiede (Director) $0 $0 $0
Jill Vierra (Director) $0 $0 $0
Jinsong Zhang (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$257,053
Expenses
$216,139
Net Income
$40,914
Net Assets
$109,168
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,723
8.1%
Program Services $233,054
90.7%
Investment Income $1,987
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,289
0.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,680
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $116,680
54.0%
Assets/Debt
Total Assets $117,503
Total Liabilities $8,335
Net Assets $109,168

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$323,246
Expenses
$286,534
Net Income
$36,712
Net Assets
$68,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,473
7.0%
Program Services $296,854
91.8%
Investment Income $2,648
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,271
0.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $47,949
16.7%
Professional Fundraising Fees $0
Other Salaries and Wages $164,544
57.4%
Assets/Debt
Total Assets $76,930
Total Liabilities $8,676
Net Assets $68,254

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$324,275
Expenses
$326,080
Net Income
-$1,805
Net Assets
$31,542
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,658
5.8%
Program Services $298,130
91.9%
Investment Income $2,568
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $4,150
1.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $769
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $47,468
14.6%
Professional Fundraising Fees $0
Other Salaries and Wages $189,257
58.0%
Assets/Debt
Total Assets $42,457
Total Liabilities $10,915
Net Assets $31,542

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
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 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
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

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

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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