Child Development Center Corporation
- Assets
- $1.2m
- Revenue
- $737.3k
- Investments
- $0.0
- Employees
- 41
- Location
- Ashland, KY
- Founding
- 10/2014
- Data as of
- 09/2021
- EIN
- 01-0560598
Organization Overview
Child Development Center Corporation is located in Ashland, KY. The organization was established in 2014. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 09/2021, Child Development Center Corporation employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Child Development Center Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Child Development Center Corporation generated $737.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $736.4k during the year ending 09/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PHYSICAL, EMOTIONAL, INTELLECTUAL, AND SOCIAL GROWTH IN A CHRISTIAN VALUES-BASED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILD DEVELOPMENT CENTER (CDC) AT KING'S DAUGHTERS MEDICAL CENTER (KDMC) IS OPEN MONDAY THROUGH FRIDAY FROM 5:30 A.M. TO 5:45 P.M. KDMC TEAM MEMBERS, AS WELL AS MEMBERS OF THE COMMUNITY, MAY ENROLL THEIR CHILDREN AGES 6 WEEKS TO 4 YEARS OLD. THE CENTER HAS A TOTAL OF 8 CLASSROOMS. THE LEAD TEACHERS IN TODDLER PRESCHOOL HAVE A CHILD DEVELOPMENT ASSOCIATE (CDC) OR ABOVE. ON STAFF, 3 LEAD TEACHERS HOLD A CDA, 1 HOLDS AN ASSOCIATE DEGREE IN EARLY CHILDHOOD, AND 2 HAVE AN ASSOCIATE DEGREE IN ARTS. CONTINUED ON SCHEDULE O.ON STAFF AS ASSISTANTS, 1 HOLDS A CDA, 1 HOLDS AN ASSOCIATE DEGREE IN EARLY CHILDHOOD AND AN EARLY CHILDHOOD ADMINISTRATOR CERTIFICATION, 1 HOLDS A BACHELORS OF INTERIOR DESIGN, 1 HOLDS AN ASSOCIATE IN ARTS AND 1 HOLDS A MASTER'S DEGREE IN TEACHING AND INTERDISCIPLINARY EARLY CHILDHOOD EDUCATION. THE DIRECTOR HOLDS A BACHELOR'S DEGREE IN BUSINESS ADMINISTRATION AND A DIRECTOR'S CREDENTIAL IN EARLY CHILDHOOD. APPROXIMATELY 118 CHILDREN WERE ENROLLED IN FY2021 WITH A MONTHLY AVERAGE OF 56. THE CDC EMPLOYED APPROXIMATELY 48 TEAM MEMBERS. AGE APPROPRIATE CURRICULUM IS DESIGNED TO MEET THE NEEDS OF THE CHILDREN IN EACH CLASSROOM. KINDERGARTEN READINESS IS A PRIORITY IN THE PRESCHOOL CLASSROOMS. FAMILY INVOLVEMENT AND VISITS ARE ENCOURAGED. COMMUNITY INVOLVEMENT INCLUDES VISITS FROM THE LOCAL POLICE AND FIRE DEPARTMENT, UNIVERSITY OF KENTUCKY NUTRITION EDUCATION PROGRAM AND OTHER COMMUNITY HELPERS. THE CDC DIRECTOR NETWORKS WITH HIGHER EDUCATION FACILITIES TO INVOLVE LOCAL STUDENTS IN EXPERIENCES AT THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jones Board Chairman | OfficerTrustee | 0.25 | $0 |
Mark Newman Board Vice Chair | OfficerTrustee | 0.25 | $0 |
Kristie Whitlatch Non-Voting President | OfficerTrustee | 1.25 | $0 |
Autumn Mcfann Non-Voting Treasurer | OfficerTrustee | 1.25 | $0 |
Sheryl Mahaney Non-Voting Secretary | OfficerTrustee | 1.25 | $0 |
Sara Marks Vp/coo | Officer | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,335 |
| Total Program Service Revenue | $622,117 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,435 |
| Payroll taxes | $35,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540 |
| Advertising and promotion | $0 |
| Office expenses | $4,235 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,770 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,131 |
| Insurance | $6,210 |
| All other expenses | $233 |
| Total functional expenses | $736,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,179,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,244,270 |
| Accounts payable and accrued expenses | $55,204 |
| Grants payable | $0 |
| Deferred revenue | $37,440 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $92,644 |
| Net assets without donor restrictions | $1,151,626 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,244,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Indiana Inc Indianapolis, IN | $99,366,858 | $103,290,512 |
Miami Valley Child Development Centers Inc Dayton, OH | $11,000,708 | $39,221,090 |
Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Child Development Council Of Franklin County Columbus, OH | $14,978,695 | $30,319,189 |
Baby Fold Normal, IL | $27,364,116 | $17,486,637 |
Day Care Resources Inc Tremont, IL | $2,117,943 | $17,941,943 |
Centers For New Horizons Inc Chicago, IL | $7,305,979 | $16,275,139 |
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Sal Family And Community Services Moline, IL | $8,918,922 | $19,104,520 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Carole Robertson Center For Learning Chicago, IL | $14,277,174 | $18,327,901 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |