2024-07-12T10:46:02-07:00 2023-08-31 Crosby & Kaneda CPAs LLP 548 Market St PMB 97503 San Francisco CA 94104 990 2022-09-01 263438302 PREFundorg dba Potrero Kids PREF 4155503300 810 Illinois St San Francisco CA 94107 Hannah Kim Treasurer 2024-07-12 true Hannah Kim 999009999 true Tierna Jensen P02447146 5108352727 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Nathan Dushman 810 Illinois St San Francisco CA 94107 3057387 false X www.potrerokids.org X 2009 CA We believe families make San Francisco stronger and more vibrant. We operate a local preschool and bring families together with their neighbors for community events and programs in the Potrero Hill, Dogpatch and Mission Bay community. 11 10 34 11 0 322704 249792 2754429 2755418 1078 46350 1503 5827 3079714 3057387 311375 268375 0 1971525 2111124 0 2180 533791 623399 2816691 3002898 263023 54489 1826535 1940540 335974 395490 1490561 1545050 We believe families make San Francisco stronger and more vibrant. We are committed to helping create a stronger, more vibrant San Francisco by ensuring that Potrero Hill, Dogpatch and Mission Bay families from a diversity of income levels stay and raise their children here. We operate a local preschool and support neighborhood elementary schools. We bring families together with their neighbors for community events and programs. We advocate on behalf of families with SFUSD and other city agencies. false false 2580842 259375 2754551 Potrero Kids at 3rd StreetThis site of our program serves 64 children aged 2 - 5 years old from 8 am - 6 pm 5 days per week. We operate year round and provide breakfast, lunch and 2 snacks per day.Potrero Kids at Daniel WebsterThis site of our program serves 38 children aged 3-5 years old from 8 am - 6 pm 5 days per week. We operate year round and provide breakfast, lunch and 2 snacks per day. 23684 9000 867 Programming and events designed to bring local families together around issues important to them and to support their engagement, leadership, and participation in the Potrero Hill, Dogpatch and Mission Bay community. 2604526 true true false false false false false false false false false false false false false true true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 7 0 true 34 true false false false false false false false 0 false false false false false false false X 11 10 false false true false false false false true true false false true true true true true false true false false CA X Katherine Burton 4155503300 810 Illinois St San Francisco CA 94107 Rebecca Kee Head of School 40.00 0.00 X 106661 0 89 Jessica Holmes Director 2.00 0.00 X 12000 0 0 Nataly Gattegno President 4.00 0.00 X X 0 0 0 Lindsay Schallich Secretary 5.00 0.00 X X 0 0 0 Hannah Kim Treasurer 2.00 0.00 X X 0 0 0 Lisa Mandle Director 2.00 0.00 X 0 0 0 Lorena Zegarra Director 2.00 0.00 X 0 0 0 Mariangela Mistretta Director 2.00 0.00 X 0 0 0 Melanie Atmadja Director 2.00 0.00 X 0 0 0 Nathan Dushman Director 2.00 0.00 X 0 0 0 Sam Sadle Director 2.00 0.00 X 0 0 0 Gareema Bajgain Director 2.00 0.00 X 0 0 0 Ryan Pfeffer Director 2.00 0.00 X 0 0 0 Sneha Sheth Director 2.00 0.00 X 0 0 0 118661 89 1 false false false 0 181502 68290 249792 Application/other fees 611600 27363 27363 Tuition 611600 2728055 2728055 2755418 46350 46350 0 0 0 0 0 0 0 Other income 900099 5827 5827 5827 3057387 2755418 52177 9000 9000 259375 259375 0 0 125494 68747 56747 0 1596979 1469809 125460 1710 0 254546 226004 28542 134105 122256 11715 134 0 4636 4636 70200 70200 0 0 0 84913 24463 60450 200 200 112111 110276 1620 215 516 264 252 0 95321 88536 6690 95 2090 561 1529 0 16413 16413 0 0 0 26048 10927 15095 26 Classroom food 195058 195058 Dues, license & service fees 15893 2637 13256 0 3002898 2604526 396192 2180 1353452 111920 350502 1777852 95408 24055 0 0 0 0 0 27173 26713 0 0 0 0 0 0 1826535 1940540 157831 153983 178143 241507 335974 395490 X 1490561 1545050 1490561 1545050 1826535 1940540 54489 X X false true X true false X 258814 414409 971653 322704 249792 2217372 2450109 1750862 2304444 2754429 2755418 12015262 0 0 0 2708923 2165271 3276097 3077133 3005210 14232634 65 38187 12215 10600 61067 98287 120881 69789 103784 392741 65 136474 120881 82004 114384 453808 13778826 687 4748 1140 1078 46350 54003 0 687 4748 1140 1078 46350 54003 0 3931 3586 4330 1503 5827 19177 2713541 2173605 3281567 3079714 3057387 14305814 0.96320 0.97310 0.00380 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3081152 283140 283140 2798012 259375 259375 3057387 3026663 283140 283140 2743523 259375 259375 3002898 Part X : FIN48 Footnote The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of August 31, 2023 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed. Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Financial aid $259375 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Financial aid $259375 true Daniel Webster PTA 465 Missouri St San Francisco CA 94107 946174741 501c3 5000 4000 FMV Mural repair Dena Fischer fund 1 0 Tuition assistance 37 259375 FMV Reduced Fees Grantmaker's Description of How Grants are Used Student Scholarships: PREFund does a preliminary screening of applicants based on pay stubs, tax returns and self reporting. We then send applicants to SF3C, a government agency that determines their level of need and ability to pay. SF3C then transmits that information to PREFund and we award our tuition assistance to make up the difference between what they are deemed able to pay and what the full tuition amount is.Tuition assistance is given as a reduction in tuition fees, not as funds to the recipient. The amount of reduction and recipients are recorded monthly as awarded. Form 990, Part VI, Section A, Line 1a The Preschool committee is a subset of Board members that is tasked with overseeing the administrative functions of the preschool. Policy changes are still decided at the Board level, as are large expenditures. Form 990, Part VI, Section A, Line 4 1. Changed from requiring 2/3 vote of directors to amend bylaws to requiring majority of directors in office or unanimous written consent.2. Changed bylaw regarding compensation of board directors to allow the possibility of board directors being compensated; Changed from defining conflict of interest within the bylaws to requiring Board to adopt conflict of interest policy.3. New bylaws establish an audit committee as required by law and allows for a discretionary audit committee otherwise. An audit committee was not mentioned in the previous bylaws. New provisions specifically:Audit Committee.Audit Committee Required by Law. For any tax year in which this corporation has gross revenues of $2 million or more (excluding grant or contract income from any governmental entity for which the governmental entity requires an accounting), this corporation shall have an Audit Committee whose members shall be appointed by the Board of Directors, and who may include both directors and non-directors, subject to the following limitations: (a) members of the Finance Committee, if any, shall constitute less than one-half of the membership of the Audit Committee; (b) the chair of the Audit Committee may not be a member of the Finance Committee, if any; (c)the Audit Committee may not include any staff member, including the President or chief executive officer, or the Treasurer or chief financial officer; (d) the Audit Committee may not include any person who has a material financial interest in any entity doing business with this corporation; and (e) Audit Committee members who are not directors may not receive compensation greater than the compensation paid to directors for their Board service.The Audit Committee shall: (1) recommend to the full Board of Directors for approval the retention and, when appropriate, the termination of an independent certified public accountant to serve as auditor, (2) subject to approval of the full Board, negotiate the compensation of the auditor on behalf of the Board, (3) confer with the auditor to satisfy the Audit Committee members that the financial affairs of this corporation are in order, (4) review and determine whether to accept the audit, and (5) approve performance of any non-audit services provided to this corporation by the auditors firm.Discretionary Audit Committee. For any tax year in which an Audit Committee is not mandatory under Section 5.05A above, the Board may establish an Audit Committee pursuant to its general authority to create Board Committees under Section 5.02 above or Advisory Committees under Section 5.03 above. Form 990, Part VI, Section B, Line 11b Information compiled by Business/Finance Manager, reviewed by Head of School, then reviewed by the Finance Committee of the Board, then reviewed and signed by a select number of Board members, including the Treasurer of the Board of Directors. Form 990, Part VI, Section B, Line 12c Members are required to confirm no conflict of interest exists on a yearly basis. Form 990, Part VI, Section B, Line 15a A subcommittee of the Board is responsible for reviewing the Head of School's goals and determining how many have been completed. They collect information from other schools to determine a fair market rate of salary. All decisions are documented in a yearly compensation letter, as well as performance review report. Form 990, Part VI, Section C, Line 19 Available upon request. Form 990, Part XII, Line 2c The audit committee was newly formed in the 22-23 FY.