Mount Olive Child Development Center Incorporated is located in Hartford, CT. The organization was established in 1986. 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 06/2023, Mount Olive Child Development Center Incorporated employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olive Child Development Center Incorporated 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 06/2023, Mount Olive Child Development Center Incorporated generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.0m during the year ending 06/2023. 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 CONVENIENT AND AFFORDABLE QUALITY DAY CARE SERVICES, DEVELOP A COORDINATED SUPPORT SYSTEM FOR COMMUNITY AND INCREASE PUBLIC AWARENESS OF CHILD CARE NEEDS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE, QUALITY DAY CARE SERVICES FOR APPROXIMATELY 72 TODDLERS AND APPOXIMATELY 164 PRE-SCHOOL AGE CHILDREN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julienne Davis Executive Di | Officer | 40 | $74,860 |
Gustavo Bajana Chief Financ | Officer | 20 | $34,103 |
Marilyn Arnum Director | OfficerTrustee | 2 | $0 |
Nina Copeland Director | OfficerTrustee | 2 | $0 |
Annie Jones Secretary | OfficerTrustee | 2 | $0 |
Sonya Mathis Director | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,552,005 |
All other contributions, gifts, grants, and similar amounts not included above | $6,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,558,005 |
Total Program Service Revenue | $1,082,472 |
Investment income | $7,588 |
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 | $3,843,605 |
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 | $1,790,058 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $363,754 |
Payroll taxes | $129,174 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $31,563 |
Advertising and promotion | $0 |
Office expenses | $13,638 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $158,101 |
Travel | $1,050 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $68,883 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $147,786 |
Insurance | $52,586 |
All other expenses | $6,000 |
Total functional expenses | $3,021,293 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,592,425 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $14,271 |
Accounts receivable, net | $70,943 |
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 | $11,453 |
Net Land, buildings, and equipment | $2,535,984 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $264,184 |
Total assets | $5,489,260 |
Accounts payable and accrued expenses | $262,874 |
Grants payable | $0 |
Deferred revenue | $315,463 |
Tax-exempt bond liabilities | $1,301,887 |
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 | $133,047 |
Total liabilities | $2,013,271 |
Net assets without donor restrictions | $3,475,989 |
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 | $5,489,260 |