Federation Day Care Services
- Assets
- $5.0m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 189
- Location
- Philadelphia, PA
- Founding
- 08/1960
- Data as of
- 08/2023
- EIN
- 23-1352554
Organization Overview
Federation Day Care Services, operating under the name Federation Early Learning Services, is located in Philadelphia, PA. The organization was established in 1960. 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, Federation Early Learning Services employed 189 individuals. This organization is the central organization for a national or regional group of organizations. Federation Early Learning Services 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, Federation Early Learning Services generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $8.9m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (23.8%) 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELS OPERATES FIVE CENTERS IN THE GREATER PHILADELPHIA AREA FOR APPROXIMATELY 450 CHILDREN RANGING FROM SIX WEEKS TO 12 YEARS OLD. FIFTY-ONE PERCENT OF FELS CHILDREN ARE FROM LOW-INCOME, WORKING FAMILIES, AND FIFTY PERCENT LIVE IN SINGLE-PARENT HOUSEHOLDS.FELS PROVIDES EXCELLENCE IN EARLY CHILDHOOD EDUCATION FOR FAMILIES FROM DIVERSE ECONOMIC, RELIGIOUS, AND RACIAL BACKGROUNDS THROUGHOUT THE DELAWARE VALLEY. WITH NATIONAL AND STATE-ACCREDITED PROGRAMS, FELS UPHOLDS THE HIGHEST LEARNING AND SAFETY STANDARDS. BUILT ON A FOUNDATION OF JEWISH VALUES AND TRADITIONS, FELS IS A RECOGNIZED LEADER IN HELPING FAMILIES ACCESS AFFORDABLE CHILD CARE OF THE HIGHEST STANDARDS AND PROVIDING INNOVATIVE PROGRAMS FOR CHILDREN. WE HONOR AND RESPECT THE INCREDIBLE DIVERSITY AND CULTURAL DIFFERENCES OF ALL CHILDREN ENROLLED AND STAFF WORKING IN OUR PROGRAMS, AND OUR NON-SECTARIAN POLICIES PROMOTE DIVERSITY, EQUITY, AND INCLUSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Takaaki Agawa President & CEO | OfficerTrustee | 38 | $220,103 |
Evan Segal Chair | OfficerTrustee | 1.5 | $0 |
Michael Dubin Vice Chair | OfficerTrustee | 1.5 | $0 |
Joanne Krueger Treasurer | OfficerTrustee | 1.5 | $0 |
Scott B Schwartz Corresponding Secretary | OfficerTrustee | 1.5 | $0 |
Ryan Udell Recording Secretary | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Childcare Careers Llc Temporary Employment Service | 8/30/23 | $566,934 |
Continental Maintenance Llc Cleaning And Food Service | 8/30/23 | $313,722 |
Novick Brothers Corp Food Purchase | 8/30/23 | $272,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,423 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,538,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,540,316 |
| Total Program Service Revenue | $5,932,368 |
| Investment income | $98,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,158 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,639,073 |
| 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. | $392,819 |
| Compensation of current officers, directors, key employees. | $79,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,795,831 |
| Pension plan accruals and contributions | $85,585 |
| Other employee benefits | $452,435 |
| Payroll taxes | $376,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,578 |
| Fees for services: Accounting | $46,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,518 |
| Fees for services: Other | $1,080,408 |
| Advertising and promotion | $80,205 |
| Office expenses | $197,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,437 |
| Travel | $8,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,707 |
| Interest | $5,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,862 |
| Insurance | $104,028 |
| All other expenses | $91,402 |
| Total functional expenses | $8,898,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,350 |
| Savings and temporary cash investments | $448,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,164 |
| 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 | $43,086 |
| Net Land, buildings, and equipment | $604,309 |
| Investments—publicly traded securities | $3,232,031 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $358,724 |
| Total assets | $4,994,655 |
| Accounts payable and accrued expenses | $290,706 |
| Grants payable | $0 |
| Deferred revenue | $168,050 |
| 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 | $412,639 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,087,790 |
| Total liabilities | $1,959,185 |
| Net assets without donor restrictions | $2,881,346 |
| Net assets with donor restrictions | $154,124 |
| 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 | $4,994,655 |