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Nonprofit · EIN 37-1154987

PALS PRESCHOOL AND KINDERGARTEN

Tax-exempt · PEORIA, IL 61615

Financials

$3.9M$3.6M2023$4.1M$4M2024
Revenue Expenses · by fiscal year end
Financials of PALS PRESCHOOL AND KINDERGARTEN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,122,502$4,011,381$111,121$6,135,060$1,072,946$5,062,114
December 31, 2023990$3,852,395$3,556,678$295,717$5,312,782$344,927$4,967,855
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$410,850
of which government grants
$410,850
Program service revenue
$3,512,859
Investment income
$193,193
Other revenue
$5,600

Expenses

Grants and similar amounts paid
$224,610
Compensation of officers, directors and key employees
$90,000
Other salaries and wages
$2,444,773
Salaries, compensation and benefits (total)
$2,861,352
Professional fundraising fees
$0
Legal fees
$296
Accounting fees
$18,000
Occupancy
$425,486
Depreciation
$34,165
Program services (functional)
$3,527,021
Management and general (functional)
$484,360

Balance sheet and other

Total assets, start of year
$5,312,782
Total assets, end of year
$6,135,060
Total liabilities, end of year
$1,072,946
Net assets, end of year
$5,062,114
Land, buildings and equipment
$729,064
Publicly traded securities
$694,386
Net assets without donor restrictions
$5,062,114
Gross receipts
$4,122,502
Employees
96
Year formed
1983
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KRISTIN N LUNDVice President
Trustee or director, Officer
30$90,000
CAROL A LUNDPresident
Trustee or director, Officer
1$0
THOMAS C LUNDVP/SEC/TREAS
Trustee or director, Officer
1$0
MATTHEW R LUNDASST SECRETARY
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KRISTIN N LUNDVice President
Trustee or director, Officer
30$90,000
CAROL A LUNDPresident
Trustee or director, Officer
1$0
THOMAS C LUNDVP/SEC/TREAS
Trustee or director, Officer
1$0
MATTHEW R LUNDASST SECRETARY
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
809 W DETWEILLER DR STE 804B, PEORIA, IL 61615-2132
Principal officer (990 for 2024)
CAROL A LUND, 5150 TAMIAMI TRAIL N STE 300, NAPLES, FL 34103
Signed the 990
CAROL A LUND, President
Phone
(309) 691-1277
Return prepared by
Gordon Stockman & Waugh PC

Mission

THE ORGANIZATION WAS FORMED TO ESTABLISH A PRESCHOOL, ACTIVITIES INCLUDE 2 SCHOOLS SERVING 213 STUDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION OF PRESCHOOL WITH APPROXIMATELY 213 STUDENTS.
    Expenses $3,280,015 · revenue $3,480,849
  • FUNDING TO OTHER NON-PROFIT ORGANIZATIONS
    Expenses $224,610 · grants $224,610
  • SUMMER SCHOOL PROGRAM
    Expenses $22,396 · revenue $32,010

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
37-1154987
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,135,060
Income (IRS master file)
$4,122,502

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,122,502$4,011,381$6,135,060IRS
990December 2023$3,852,395$3,556,678$5,312,782XML
990December 2022$3,954,949$3,443,712$5,059,462IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1154987).

Questions about PALS PRESCHOOL AND KINDERGARTEN

What is the EIN of PALS PRESCHOOL AND KINDERGARTEN?
The employer identification number (EIN) of PALS PRESCHOOL AND KINDERGARTEN is 37-1154987.
Is PALS PRESCHOOL AND KINDERGARTEN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to PALS PRESCHOOL AND KINDERGARTEN tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PALS PRESCHOOL AND KINDERGARTEN file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PALS PRESCHOOL AND KINDERGARTEN due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PALS PRESCHOOL AND KINDERGARTEN last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PALS PRESCHOOL AND KINDERGARTEN?
The 990 for the year ended December 31, 2024 names CAROL A LUND.
Who are the officers and directors of PALS PRESCHOOL AND KINDERGARTEN?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $90,000 (KRISTIN N LUND, Vice President).
How much revenue does PALS PRESCHOOL AND KINDERGARTEN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,122,502, expenses of $4,011,381 and total assets of $6,135,060 at year end.

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