Grace Christian Preschool of Carrollton
Nonprofit profile at a glance
- EIN
- 453322845
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Hickory Creek, TX, USA
- Phone
- 2144024700
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
- Affiliation
- Christianity
Reported finances
- Revenue
- $586,655
- Expenses
- $585,995
- Assets
- $37,178
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- LUIS PALOMA (PRESIDENT)
- STEVE STEPHENS (VICE PRESIDENT)
Highest reported compensation
- SUSAN STEPHENS (TREASURER): $45,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Grace chiristian preschool of carrollton is an educational organization with a set curriculum aimed at providing parents with the peace of mind that their child is receiveing more than a rudimentary daycare experience the children are divided into classes based on age and development level. Each class is supervised by a teacher and daily scheduled activities are designed to meet the social, emotional, physical, and intellectual needs of the children. It is teh school's desire to offer this opportunity to familes who might not be able to afford the services, and therefore, donations will be used to offset operating expenses which will allow the school to maintain lower tuition costs overall.
What it reported doing in 2024
2024 enrollment increased to 64. There are 17 employees, 15 teachers, one cook, and one cleaner. Two teachers are prior high scholl teen moms who had their babies in the program. In 2024, we partnered with high school counselors to provide care for teen moms and their children. We also partner with local elementary schools which canot accomodate after school programs. 95% of enrolled familes are on Texas childcare assistance. We provide full scholarships tolow-income familes that work with cps. We also provide meals through our food program and clothing pantry.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 70
- Accountability: 10
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.7%; rating input score 93
- Program expense ratio: 92.8%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 77.8%; rating input score 78; 0th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.1%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 7.7%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 11.9% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 13.6% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 29.7% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 92.7% of revenue deployed · 92.8% of spending went to programs
- Governance: 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $45K · 4 people listed
- Consistency: 14 of 16 current checks pass · 2 findings to review
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX AllOtherExpenses column sum did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.