Mt Olive Child Care & Learning Center
- Assets
- $1.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 50
- Location
- Budd Lake, NJ
- Founding
- 03/1979
- Data as of
- 12/2023
- EIN
- 22-2157202
Organization Overview
Mt Olive Child Care & Learning Center is located in Budd Lake, NJ. The organization was established in 1979. 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 12/2023, Mt Olive Child Care & Learning Center employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Olive Child Care & Learning Center 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 12/2023, Mt Olive Child Care & Learning Center generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY, AFFORDABLE CHILD CARE AND FAMILY SUPPORT SERVICES FOR THE COMMUNITY, REGARDLESS OF INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MT. OLIVE CHILD CARE & LEARNING CENTER, INC. (THE "CENTER") WAS FOUNDED IN 1976 AS A NON-PROFIT CHARITY TO PROVIDE QUALITY, AFFORDABLE CHILD CARE AND EDUCATION AND FAMILY SUPPORT SERVICES TO THE COMMUNITY: REGARDLESS OF INCOME. OVER 8,000 RESIDENTS OF MORRIS, SUSSEX, AND WARREN COUNTIES, AS WELL AS SURROUNDING AREAS, HAVE BEEN SERVED OVER THE PAST 47 YEARS. THE CENTER SERVES UP TO 110 CHILDREN, AGED 6 WEEKS THROUGH 12 YEARS, ON A YEAR 'ROUND BASIS FROM 6:30 A.M. TO 6:30 P.M. VALUE ADDED SERVICES ARE INCLUDED: NUTRITIOUS MEALS, DEVELOPMENTAL AND HEALTH SCREENINGS, PARENTING PROGRAMS (INCLUDING A FREE PARENT EMPOWERMENT PROGRAM FOR "AT-RISK" FAMILIES), AND CRISIS INTERVENTION SERVICES ARE INCLUDED. THE CENTER HAS BEEN ACCREDITED BY THE NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC) SINCE 1993 FOR ALL PROGRAMS: FOR 30 CONSECUTIVE YEARS FOR MEETING AND MAINTAINING RECOGNIZED TOP STANDARDS IN EARLY CHILDHOOD EDUCATION IN 10 AREAS: POSITIVE RELATIONSHIPS, CURRICULUM, TEACHERS AND TEACHING PRACTICES, ASSESSMENT, NUTRITION AND HEALTH, FAMILY AND COMMUNITY SUPPORT AND INVOLVEMENT, PHYSICAL ENVIRONMENT, AND ADMINISTRATION/MANAGEMENT. IN ADDITION, THE CENTER EARNED 4 STARS IN NEW JERSEY'S QUALITY RATING IMPROVEMENT SYSTEM (GROW NJ KIDS) IN MID-2017 FOR MEETING HIGH QUALITY STANDARDS. IN JANUARY 2024, THE CENTER RENEWED ITS 4 STAR RATING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Melveger President | OfficerTrustee | 2 | $0 |
Karen Thompson Vice President | OfficerTrustee | 2 | $0 |
Steve Rattner Treasurer | OfficerTrustee | 2 | $0 |
Erin Thompson Secretary | OfficerTrustee | 2 | $0 |
Judy Buell Trustee | Trustee | 2 | $0 |
Michelle Devries Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,097 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $551,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,945 |
| Total Program Service Revenue | $823,220 |
| Investment income | $15,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,473,853 |
| 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. | $127,426 |
| Compensation of current officers, directors, key employees. | $30,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,561 |
| Pension plan accruals and contributions | $1,651 |
| Other employee benefits | $3,227 |
| Payroll taxes | $61,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $19,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $970 |
| Advertising and promotion | $4,836 |
| Office expenses | $83,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,686 |
| Travel | $9,049 |
| 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 | $5,628 |
| Insurance | $41,895 |
| All other expenses | $36,617 |
| Total functional expenses | $1,205,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,233 |
| Savings and temporary cash investments | $1,233,640 |
| Pledges and grants receivable | $60,194 |
| Accounts receivable, net | $12,145 |
| 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 | $12,944 |
| Net Land, buildings, and equipment | $50,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $384,150 |
| Total assets | $1,754,541 |
| Accounts payable and accrued expenses | $76,136 |
| Grants payable | $0 |
| Deferred revenue | $41,154 |
| 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 | $369,816 |
| Total liabilities | $487,106 |
| Net assets without donor restrictions | $1,253,770 |
| Net assets with donor restrictions | $13,665 |
| 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 | $1,754,541 |