Wee R The World Daycare Center Inc
- Assets
- $430.9k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 36
- Location
- Willow Grove, PA
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 23-2869762
Organization Overview
Wee R The World Daycare Center Inc, operating under the name Wee R The World Early Learning Center, is located in Willow Grove, PA. The organization was established in 2005. 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 12/2022, Wee R The World Early Learning Center employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wee R The World Early Learning 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 12/2022, Wee R The World Early Learning Center generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DAYCARE SERVICES TO WORKING PARENTS IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DAYCARE SERVICES TO WORKING PARENTS IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rennee J Alston President | OfficerTrustee | 40 | $340,606 |
Tracey L Oliver Vice President | Officer | 40 | $89,713 |
Cherylayne Walker Treasurer | Officer | 2 | $0 |
Theresa Pitts Secretary | Officer | 2 | $0 |
Desiree Rolls-Morrison Parent Advisor | Officer | 2 | $0 |
Patrick Morrison Safety & Security Specialist | Officer | 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 | $197,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,981 |
| Total Program Service Revenue | $1,729,747 |
| Investment income | $2,222 |
| 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 | $1,929,950 |
| 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. | $430,320 |
| Compensation of current officers, directors, key employees. | $215,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $820,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,064 |
| Payroll taxes | $83,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,594 |
| Fees for services: Accounting | $29,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174 |
| Advertising and promotion | $65 |
| Office expenses | $15,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,625 |
| Travel | $697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,213 |
| Insurance | $59,277 |
| All other expenses | $116,645 |
| Total functional expenses | $2,134,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $219,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,870 |
| Accounts payable and accrued expenses | $0 |
| 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 | $182,814 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $388,769 |
| Total liabilities | $571,583 |
| Net assets without donor restrictions | -$140,713 |
| 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 | $430,870 |