TOWSON PRESBYTERIAN KINDERGARTEN INC

EIN: 520701636 501(c)(3)

TOWSON, MD

Total Revenue
$672,117
Total Expenses
$642,998
Total Assets
$611,313
Net Assets
$475,434
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
MD
Principal Officer
KARYN BRUNE
Phone
4103372762
Tax Period
2023-09-01 to 2024-08-31

TOWSON PRESBYTERIAN KINDERGARTEN INC, founded in 1958, is a small nonprofit that reported $672K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $643K left a modest 4% surplus.

Mission

To offer quality preschool education and child care two, three and four year-old children.

Program Service Accomplishments

Program 1
Revenue: $56,609

THE MORNING PRESCHOOL PROVIDES QUALITY AGE-APPROPRIATE INSTRUCTION AND ACTIVITES FOR TWO, THREE AND FOUR YEAR-OLDS. CLASSES RUN FROM 9 AM TO 1130 AM

Program 2
Revenue: $541,497

THE FULLTIME PROGRAM OFFERS WRAP AROUND CHILD CARE FOR CHILDREN ENROLLED IN THE MORNING PRESCHOOL. IN ADDITION, THE PROGRAM OPERATES ON CERTAIN DAYS WHEN THE PRESCHOOL IS NOT OPEN, I.E., SOME...

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THE FULLTIME PROGRAM OFFERS WRAP AROUND CHILD CARE FOR CHILDREN ENROLLED IN THE MORNING PRESCHOOL. IN ADDITION, THE PROGRAM OPERATES ON CERTAIN DAYS WHEN THE PRESCHOOL IS NOT OPEN, I.E., SOME HOLIDAYS/PROFESSIONAL DAYS OBSERVED BY THE LOCAL SCHOOL SYSTEM. AT THE BEGINNING OF THE SCHOOL YEAR, THE FULL TIME PRGRAM STARTS APPROXIMATELY 2 WEEKS EARLIER THAN THE MORNING PRESCHOOL LIKEWISE FULL TIME STUDENTS HAVE A SHORTER WINTER BREAK AND ATTEND FOR AN ADDITIONAL WEEK IN JUNE AFTER PRESCHOOL ENDS.

Program 3
Revenue: $53,810

SUMMER AT TPP BEGINS IMMEDIATELY AFTER THE FULL-TIME PROGRAM AND RUNS FOR 7 WEEKS. THERE ARE THREE TWO-WEEK THEMED SESSIONS AND A ONE-WEEK MINI SESSION. OFFERING THESE ADDITIONAL WEEKS EXTENDS TPPS...

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SUMMER AT TPP BEGINS IMMEDIATELY AFTER THE FULL-TIME PROGRAM AND RUNS FOR 7 WEEKS. THERE ARE THREE TWO-WEEK THEMED SESSIONS AND A ONE-WEEK MINI SESSION. OFFERING THESE ADDITIONAL WEEKS EXTENDS TPPS PROGRAM TO YEAR-ROUND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,569
Program Service Revenue $662,279
Investment Income $6,269
Other Revenue $0
TOTAL REVENUE $672,117

Expense Breakdown

Grants Paid $0
Salaries & Benefits $531,013
Fundraising Expenses $0
Program Expenses $537,394
Other Expenses $111,985
TOTAL EXPENSES $642,998

Year-over-Year Comparison

2023 2022 Change
Revenue $672,117 $598,987 +0.1%
Expenses $642,998 $569,337 +0.1%
Net Income $29,119 $29,650 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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Governance

Voting Members
9
Independent Members
9
Employees
23
Volunteers
9

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
$37,900
Total Directors
4
$0
Key Employees
2
$88,400
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lauren Strassner Director 040.00
Key Emp Highest
$0 $0 $50,500
Karyn Brune Treasurer 030.00
Officer Key Emp
$0 $0 $37,900
Lorene LaBerge Board Member N/A
Director
$0 $0 $0
Annie Miller Board Member N/A
Director
$0 $0 $0
Stephen McNamara Board Member N/A
Director
$0 $0 $0
Erin Finnegan-Smith Board Member N/A
Director
$0 $0 $0
Dotsie Bregel President N/A
Officer
$0 $0 $0
Audrey Forgione Secretary N/A
Officer
$0 $0 $0
Alexander Forgione Secretary N/A
Officer
$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 No data No data No data No data
2024 $672,117 $642,998 $611,313 $29,119
2023 $598,987 $569,337 $581,843 $29,650
2022 $453,139 $392,307 $557,701 $60,832
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