The Childrens Collective Inc
- Assets
- $7.3m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 151
- Location
- Los Angeles, CA
- Founding
- 09/1976
- Data as of
- 06/2023
- EIN
- 23-7068446
Organization Overview
The Childrens Collective Inc is located in Los Angeles, CA. The organization was established in 1976. 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 06/2023, Childrens Collective Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Collective 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 06/2023, Childrens Collective Inc generated $12.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $12.5m during the year ending 06/2023. While expenses have increased by 6.1% per year over the past 8 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
THE AGENCY PROVIDES HUMAN SERVICES PROGRAMS IN CHILD AND YOUTH DEVELOPMENT AND FAMILY SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALIFORNIA STATE PRESCHOOL PROGRAM PROVIDED FULL AND PART-DAY DEVELOPMENTAL SERVICES TO 322 CHILDREN FROM 3 TO 5 YEARS OF AGE. SERVICES WERE PROVIDED TO THE CHILDREN AND FAMILIES FOR 244 DAYS. THESE SERVICES ALLOWED LOW-INCOME WORKING PARENTS TO PARTICIPATE IN EDUCATIONAL/TRAINING PROGRAMS AS WELL AS OBTAIN AND MAINTAIN EMPLOYMENT WHILE CHILDREN WERE CARED FOR IN A SECURE, NURTURING ENVIRONMENT. THIS PROGRAM PROVIDED RESPITE TO VERY LOW-INCOME OVERBURDENED FAMILIES.
BLACK INFANT HEALTHCHAMPIONS FOR CHANGE FOOD PROGRAM
GENERAL CHILD CARE PROVIDED FULL-DAY DEVELOPMENTAL SERVICES TO 24 INFANTS AND 8 TODDLERS FROM TWO TO THIRTY-SIX MONTHS FOR 244 DAYS. THIS PROGRAM ALLOWED LOW-INCOME PARENTS TO OBTAIN AND MAINTAIN EMPLOYMENT, AS WELL AS OBTAIN JOB TRAINING, WHILE THEIR CHILDREN WERE CARED FOR IN SECURE, NURTURING CHILDCARE ENVIRONMENTS. THE CHILDREN RECEIVED AGE-APPROPRIATE EARLY EDUCATION IN COGNITIVE, LANGUAGE, PHYSICAL, SOCIAL AND EMOTIONAL DEVELOPMENT. CHILDREN WERE FED TWO NUTRITIOUS MEALS AND A SNACK DAILY, AND AS NEEDED, PROVIDED WITH EARLY THERAPEUTIC INTERVENTION.
FAMILYSOURCE CENTER PROVIDES A CONTINUUM OF CORE SERVICES TO INCREASE FAMILY SELF-SUFFICIENCY, INCLUDING FINANCIAL LITERACY; INCOME TAX PREPARATION; EMERGENCY FOOD AND CLOTHING; INFORMATION AND REFERRALS TO COMMUNITY RESOURCES INCLUDING BANKING AND UTILITY BILL PAYMENTS, AS WELL AS HOMEWORK ASSISTANCE, RECREATION, AND LEADERSHIP ACTIVITIES FOR YOUTH. DURING THE FISCAL YEAR 2022-2023, THE FSC PROGRAM SERVED 2,346 CLIENTS, INCREASED FAMILY INCOME BY $647,125 AND HELPED 97 YOUTH OBTAIN AN ACADEMIC ACHIEVEMENT OUTCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anitha Mitchell MD Board Chair | OfficerTrustee | 2 | $0 |
Anjetta Bowles Treasurer | OfficerTrustee | 2 | $0 |
Carla Murphy Secretary | OfficerTrustee | 2 | $0 |
Wil Bryant Past Member | Trustee | 2 | $0 |
Ernesto Solis Member | Trustee | 2 | $0 |
Stephanie Hancock Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Childcare Careers Childcare Staffing | 6/29/23 | $1,109,079 |
Methodology It It Management Services | 6/29/23 | $138,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,114 |
| Related organizations | $0 |
| Government grants | $12,534,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,762,350 |
| Total Program Service Revenue | $0 |
| 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 | $12,762,350 |
| 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. | $468,644 |
| Compensation of current officers, directors, key employees. | $117,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,737,879 |
| Pension plan accruals and contributions | $69,981 |
| Other employee benefits | $535,068 |
| Payroll taxes | $514,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $101,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,855,596 |
| Advertising and promotion | $0 |
| Office expenses | $3,200 |
| Information technology | $140,655 |
| Royalties | $0 |
| Occupancy | $1,564,592 |
| Travel | $22,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,039 |
| Insurance | $72,509 |
| All other expenses | $0 |
| Total functional expenses | $12,480,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,445,990 |
| Savings and temporary cash investments | $851,219 |
| Pledges and grants receivable | $934,486 |
| 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 | $9,507 |
| Net Land, buildings, and equipment | $549,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,549,857 |
| Total assets | $7,340,796 |
| Accounts payable and accrued expenses | $1,602,536 |
| Grants payable | $515,151 |
| Deferred revenue | $1,676,648 |
| 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 | $2,387,429 |
| Total liabilities | $6,181,764 |
| Net assets without donor restrictions | $609,295 |
| Net assets with donor restrictions | $549,737 |
| 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 | $7,340,796 |