The Caring Center
- Assets
- $1.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1991
- Data as of
- 08/2023
- EIN
- 23-2623819
Organization Overview
The Caring Center is located in Philadelphia, PA. The organization was established in 1991. 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. Caring 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, Caring Center generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.7m during the year ending 08/2023. 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
EARLY EDUCATION AND CHILD CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EARLY EDUCATION, CHILDCARE, AND AFTER SCHOOL SERVICES TO CHILDREN BETWEEN THE AGES OF 6 WEEKS AND 10 YEARS OLD IN THE PHILADELPHIA AND SURROUNDING AREAS.
TO PROVIDE EARLY EDUCATION, CHILDCARE, AND AFTER SCHOOL SERVICES TO CHILDREN BETWEEN THE AGES OF 6 WEEKS AND 10 YEARS OLD IN THE PHILADELPHIA AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steph Rio President | OfficerTrustee | 8 | $0 |
Jennifer Leonard Vice-President | OfficerTrustee | 8 | $0 |
Apurva Upadhyay Treasurer | OfficerTrustee | 8 | $0 |
Taylor Durham Secretary | OfficerTrustee | 8 | $0 |
Kate Braemer Board Member | Trustee | 8 | $0 |
Krystle Birdsall Board Member | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $420 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,452 |
| Total Program Service Revenue | $1,629,913 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,754 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,385,934 |
| 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. | $102,472 |
| Compensation of current officers, directors, key employees. | $18,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,498,893 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,845 |
| Payroll taxes | $131,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,712 |
| Fees for services: Accounting | $43,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,310 |
| Advertising and promotion | $2,267 |
| Office expenses | $15,407 |
| Information technology | $20,133 |
| Royalties | $0 |
| Occupancy | $44,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,689 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,648 |
| Insurance | $67,018 |
| All other expenses | $300,050 |
| Total functional expenses | $2,705,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,821 |
| Savings and temporary cash investments | $125,627 |
| Pledges and grants receivable | $178,750 |
| Accounts receivable, net | $107,175 |
| 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 | $3,779 |
| Net Land, buildings, and equipment | $475,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,400 |
| Total assets | $1,417,674 |
| Accounts payable and accrued expenses | $76,457 |
| Grants payable | $0 |
| Deferred revenue | $233,018 |
| 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 | $526,226 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $835,701 |
| Net assets without donor restrictions | $581,973 |
| 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 | $1,417,674 |