Friends Child Care Center
- Assets
- $3.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Philadelphia, PA
- Founding
- 11/1979
- Data as of
- 08/2023
- EIN
- 23-2074237
Organization Overview
Friends Child Care Center is located in Philadelphia, PA. The organization was established in 1979. 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, Friends Child Care Center employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Child Care Center 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, Friends Child Care Center generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.9m during the year ending 08/2023. While expenses have increased by 6.2% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE, HIGH-QUALITY CHILD-CARE FOR INFANTS, TODDLERS, AND PRE-SCHOOL CHILDREN BY OFFERING EDUCATIONALLY RICH PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF APPROXIMATELY 90 CHILDREN AGES 3 MONTHS TO 5 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raechel O'neal Coats Executive Director | Officer | 40 | $88,172 |
Alyssa Chatten Board Member, Co-Clerk | OfficerTrustee | 2 | $0 |
Tristin Fabro Board Member, Co-Clerk | OfficerTrustee | 2 | $0 |
Maria Vamvakidou Board Member, Treasurer | OfficerTrustee | 2 | $0 |
Beth Hallowell Board Mbr, Treas.(thru 7/2023) | OfficerTrustee | 2 | $0 |
Elizabeth Kukura Board Member, Secretary | Trustee | 2 | $0 |
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 | $134,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,157 |
| Total Program Service Revenue | $1,570,538 |
| Investment income | $266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,998 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,714,959 |
| 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. | $96,910 |
| Compensation of current officers, directors, key employees. | $9,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,001,116 |
| Pension plan accruals and contributions | $17,237 |
| Other employee benefits | $148,676 |
| Payroll taxes | $94,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,839 |
| Advertising and promotion | $2,360 |
| Office expenses | $65,256 |
| Information technology | $3,216 |
| Royalties | $0 |
| Occupancy | $16,126 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,148 |
| Insurance | $4,772 |
| All other expenses | $0 |
| Total functional expenses | $1,949,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,313 |
| Savings and temporary cash investments | $489,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,616 |
| 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 | $2,972 |
| Net Land, buildings, and equipment | $83,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,458,066 |
| Total assets | $3,170,093 |
| Accounts payable and accrued expenses | $9,095 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,662,208 |
| Total liabilities | $2,671,303 |
| Net assets without donor restrictions | $498,790 |
| 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 | $3,170,093 |