Lifespan Day Care
- Assets
- $6.1m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 145
- Location
- Quakertown, PA
- Founding
- 08/1985
- Data as of
- 06/2022
- EIN
- 22-2616028
Organization Overview
Lifespan Day Care is located in Quakertown, PA. 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, Lifespan Day Care employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifespan Day Care 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, Lifespan Day Care generated $7.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 3 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
OPERATES CHILD DAY CARE CENTERS OFFERING LEARNING PROGRAMS FOR CHILDREN FROM INFANCY THROUGH 14 YEARS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DAY CARE SERVICES FOR CHILDREN OF ALL AGES AND EDUCATIONAL AND SUMMER PROGRAMS FOR PRESCHOOL AND SCHOOL AGED CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Isaac Director | Trustee | 1 | $0 |
Charles Moyer Co-Chairman | Trustee | 1 | $0 |
Barbara Lampe Director | OfficerTrustee | 1 | $0 |
Philip Steeley Secretary/treas | OfficerTrustee | 1 | $0 |
Peggy Thomas Director | Trustee | 1 | $0 |
Stanley Hunter Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lifestyle Properties Management Services | 6/29/22 | $332,026 |
Kremmers Cafe & Catering Food Service | 6/29/22 | $229,488 |
Aetna Health Insurance | 6/29/22 | $322,090 |
Mckesson Medical Surgical Medical Supplies | 6/29/22 | $40,443 |
Novick Brothers Corp Food Distribution | 6/29/22 | $46,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,585,277 |
| Investment income | $0 |
| 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 | $7,323,668 |
| 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 | $3,003,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $337,517 |
| Payroll taxes | $217,244 |
| Fees for services: Management | $320,630 |
| Fees for services: Legal | $19 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,766 |
| Office expenses | $479,691 |
| Information technology | $72,470 |
| Royalties | $0 |
| Occupancy | $248,773 |
| Travel | $3,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,905 |
| Interest | $255,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,858 |
| Insurance | $51,592 |
| All other expenses | $1,784 |
| Total functional expenses | $5,831,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $190,890 |
| 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 | $39,472 |
| Net Land, buildings, and equipment | $3,679,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | -$9,965 |
| Other assets | $2,152,102 |
| Total assets | $6,122,105 |
| Accounts payable and accrued expenses | $401,268 |
| Grants payable | $0 |
| Deferred revenue | $16,118 |
| 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 | $500,155 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $129,452 |
| Total liabilities | $1,046,993 |
| Net assets without donor restrictions | $5,075,112 |
| 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 | $6,122,105 |