Forrest Valley Daycare Center Inc
- Assets
- $679.8k
- Revenue
- $734.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 22-2686243
Organization Overview
Forrest Valley Daycare Center Inc is located in Trenton, NJ. The organization was established in 1988. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forrest Valley Daycare 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 12/2021, Forrest Valley Daycare Center Inc generated $734.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $801.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CHILD CARE SERVICES TO PRE-SCHOOL CHILDREN AGES 1 TO 5 IN THE TRENTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Dixon Exec Director/president | OfficerTrustee | 40 | $124,484 |
Diana C Douglas Vice President | Trustee | 2 | $0 |
Deardra Thompson Trustee | Trustee | 2 | $0 |
Cynthia Jones Trustee | Trustee | 2 | $0 |
Julie Thomas Trustee | Trustee | 2 | $0 |
Dennis Buchan Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $653,343 |
| 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 | $653,343 |
| Total Program Service Revenue | $80,758 |
| 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 | $734,101 |
| 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. | $124,484 |
| Compensation of current officers, directors, key employees. | $62,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,785 |
| Payroll taxes | $46,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,817 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,950 |
| Office expenses | $9,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,129 |
| Travel | $6,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113 |
| Interest | $2,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,191 |
| Insurance | $22,200 |
| All other expenses | $29,362 |
| Total functional expenses | $801,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,833 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,197 |
| Loans from Officers, Directors, or Controlling Persons | $211,519 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,303 |
| Net Land, buildings, and equipment | $173,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $679,817 |
| Accounts payable and accrued expenses | $129,569 |
| Grants payable | $0 |
| Deferred revenue | $60,976 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $27,658 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $176,586 |
| Other liabilities | $0 |
| Total liabilities | $394,789 |
| Net assets without donor restrictions | $285,028 |
| 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 | $679,817 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Forrest Valley Daycare Center Inc has recieved totaling $8,595.
| Awarding Organization | Amount |
|---|---|
Prevent Child Abuse-New Jersey Chapter Inc New Brunswick, NJ PURPOSE: CHILD CARE | $8,595 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Crown Heights Educational Centers Inc Brooklyn, NY | $13,044,302 | $39,783,189 |
Butler County Childrens Center Inc Butler, PA | $4,755,863 | $35,804,322 |
Northeast Parent And Child Society Inc Albany, NY | $28,822,787 | $39,619,614 |
Day Care Council Of New York Inc New York, NY | $9,552,378 | $29,439,995 |
Local 1199 Employer Child Care Fund New York, NY | $9,599,746 | $26,390,532 |
Child Development Centers Inc Erie, PA | $22,860,787 | $26,993,736 |
All My Children Day Care And Nursery School Jamaica Estates, NY | $13,560,786 | $26,442,381 |
Bradford Child Care Services Inc Bridgeville, PA | $6,738,908 | $20,770,769 |
Child Development And Family Council Of Centre County State College, PA | $3,508,640 | $21,304,471 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |
United Bronx Parents Inc Bronx, NY | $29,568,734 | $11,638,478 |