Trumbull Loves Children T L C Inc
- Assets
- $866.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 59
- Location
- Trumbull, CT
- Founding
- 03/1987
- Data as of
- 08/2023
- EIN
- 22-2672925
Organization Overview
Trumbull Loves Children T L C Inc is located in Trumbull, CT. The organization was established in 1987. 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 08/2023, Trumbull Loves Children T L C Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trumbull Loves Children T L C 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 08/2023, Trumbull Loves Children T L C Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.4m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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 CARE IN A WARM AND CARING ENVIRONMENT TO MEET THE PHYSICAL, SOCIAL AND EMOTIONAL NEEDS OF THE CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT FOR PROFIT CHILD CARE SERVICES FOR THE CHILDREN OF TRUMBULL, CT. THE ORGANIZATION PROVIDES QUALITY CHILD CARE SERVICES IN A WARM AND CARING ENVIRONMENT TO MEET THE PHYSICAL, SOCIAL AND EMOTIONAL NEEDS OF THE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Mccabe Consultant | 40 | $121,221 | |
Chauna M Gordon Executive Di | Officer | 40 | $100,561 |
Tiffany Mccarthy Director | Trustee | 1 | $0 |
Jackie Norcel Director | Trustee | 1 | $0 |
Michael Mitchell Director | Trustee | 1 | $0 |
Al Paolozzi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,578 |
| 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 | $179,578 |
| Total Program Service Revenue | $1,574,079 |
| Investment income | $8,575 |
| 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 | $1,762,232 |
| 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. | $100,560 |
| Compensation of current officers, directors, key employees. | $27,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $805,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,898 |
| Fees for services: Accounting | $71,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,044 |
| Advertising and promotion | $0 |
| Office expenses | $34,236 |
| Information technology | $13,961 |
| Royalties | $0 |
| Occupancy | $56,746 |
| Travel | $22,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,901 |
| Interest | $14,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,531 |
| Insurance | $120,401 |
| All other expenses | $0 |
| Total functional expenses | $1,446,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,547 |
| Savings and temporary cash investments | $578,964 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $968 |
| 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 | $14,755 |
| Net Land, buildings, and equipment | $35,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,617 |
| Total assets | $866,802 |
| Accounts payable and accrued expenses | $57,918 |
| Grants payable | $0 |
| Deferred revenue | $154,885 |
| 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 | $577,133 |
| Other liabilities | $15,562 |
| Total liabilities | $805,498 |
| Net assets without donor restrictions | $61,304 |
| 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 | $866,802 |