Otter Creek Child Center Inc
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Middlebury, VT
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 22-2564467
Organization Overview
Otter Creek Child Center Inc is located in Middlebury, VT. The organization was established in 1985. 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 06/2022, Otter Creek Child Center Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otter Creek Child Center Inc 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 06/2022, Otter Creek Child Center Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 12.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHILD CARE CENTERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CHILD CARE SERVICES AND CURRICULUM FOR INFANT AGE CHILDREN THROUGH PRE-KINDERGARTEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda January Executive Director | Officer | 40 | $66,510 |
Logan Price President | OfficerTrustee | 1 | $0 |
Trish Dougherty Secretary | OfficerTrustee | 1 | $0 |
Rebecca Mitchell Vice President | OfficerTrustee | 1 | $0 |
Doumina Noonan Treasurer | OfficerTrustee | 1 | $0 |
Jen Crodelle Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,856 |
| Total Program Service Revenue | $822,803 |
| Investment income | $9,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,654 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,505,002 |
| 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. | $68,391 |
| Compensation of current officers, directors, key employees. | $68,391 |
| Compensation to disqualified persons | $984,940 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,460 |
| Payroll taxes | $87,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,488 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,094 |
| 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 | $33,738 |
| Insurance | $26,200 |
| All other expenses | $112,537 |
| Total functional expenses | $1,490,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,889 |
| Savings and temporary cash investments | $174,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,892 |
| 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 | $1,926 |
| Net Land, buildings, and equipment | $298,971 |
| Investments—publicly traded securities | $468,740 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,174,124 |
| Accounts payable and accrued expenses | $55,610 |
| Grants payable | $0 |
| Deferred revenue | $57,957 |
| 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 | $113,567 |
| Net assets without donor restrictions | $532,537 |
| Net assets with donor restrictions | $528,020 |
| 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 | $1,174,124 |