Preschool of the Arts Inc

EIN: 391225229 501(c)(3) Education

Madison, WI

Total Revenue
$4,670,104
Total Expenses
$4,313,728
Total Assets
$4,879,859
Net Assets
$3,528,535
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
WI
Principal Officer
Penny Lynn Robbins
Phone
6082331707
Tax Period
2024-09-01 to 2025-08-31

Preschool of the Arts Inc, founded in 1975, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2024. Expenses of $4.3M left a modest 8% surplus.

Mission

At Preschool of the Arts, our mission is to nurture open-minded and open-hearted individuals who learn alongside one another and embrace the world with compassion, creativity, wonder, and joy.

Program Service Accomplishments

Program 1
Expenses: $2,525,972 Revenue: $4,147,319

Preschool of the Arts provides early childhood education for children ages 12 months to 7 years. Program options include full or half-day schedules. Preschool of the Arts has faculty and staff of...

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Preschool of the Arts provides early childhood education for children ages 12 months to 7 years. Program options include full or half-day schedules. Preschool of the Arts has faculty and staff of more than 60 committed individuals. Preschool of the Arts also serves as a leader in the early childhood community, providing professional development for teachers across the state and the country as well as creative initiatives that support social justice outreach efforts that affect the growth and well-being of young children in the greater Madison area.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $413,019
Program Service Revenue $4,147,319
Investment Income $109,766
Other Revenue $0
TOTAL REVENUE $4,670,104

Expense Breakdown

Grants Paid $29,459
Salaries & Benefits $3,601,652
Fundraising Expenses $13,235
Program Expenses $2,525,972
Other Expenses $682,617
TOTAL EXPENSES $4,313,728

Year-over-Year Comparison

2024 2023 Change
Revenue $4,670,104 $4,525,894 +0.0%
Expenses $4,313,728 $4,151,820 +0.0%
Net Income $356,376 $374,074 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
13
Employees
112
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$128,918
Total Directors
15
$79,234
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Penny Lynn Robbins Executive Dir. 40.00
Officer
$111,362 $17,556 $128,918
Cat Garton Director 40.00
Director
$43,101 $0 $43,101
Adam Wisniewski Director 40.00
Director
$36,133 $0 $36,133
Nate Wheeler President 1.00
Officer Director
$0 $0 $0
MARIT BARKVE Director 1.00
Director
$0 $0 $0
Justin Taylor Secretary 1.00
Officer Director
$0 $0 $0
IVY CAO Treasurer 1.00
Officer Director
$0 $0 $0
Zhe An Director 1.00
Director
$0 $0 $0
Erica Furukawa Director 1.00
Director
$0 $0 $0
Cuixia Zhu Director 1.00
Director
$0 $0 $0
Jamie Gutkowski Director 1.00
Director
$0 $0 $0
Neil Van Os Director 1.00
Director
$0 $0 $0
Amanda Burns Director 1.00
Director
$0 $0 $0
Pearl Han Li Director 1.00
Director
$0 $0 $0
Sonali Hanson Director 1.00
Director
$0 $0 $0
Sam Rikkers Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,670,104 $4,313,728 $4,879,859 $356,376
2024 $4,525,894 $4,151,820 $4,398,999 $374,074
2023 $4,573,929 $4,024,562 $4,072,990 $549,367
2022 $4,204,398 $3,511,084 $3,508,679 $693,314
2021 $4,208,133 $2,820,540 $2,793,186 $1,387,593
2020 $2,759,692 $2,673,745 $1,609,258 $85,947
2019 $3,224,550 $3,332,354 $1,327,153 $-107,804
2018 $3,236,041 $3,128,932 $1,476,448 $107,109
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