Easton Day Care Center Inc
- Assets
- $3.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 71
- Location
- Easton, MD
- Founding
- 10/1974
- Data as of
- 06/2022
- EIN
- 23-7404362
Organization Overview
Easton Day Care Center Inc is located in Easton, MD. The organization was established in 1974. 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 06/2022, Easton Day Care Center Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Easton Day Care Center 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 06/2022, Easton Day Care Center Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRITCHLOW ADKINS CHILDRENS CENTERS MISSION IS TO PROVIDE QUALITY, FINANCIALLY ACCESSIBLE CHILDCARE FOR CHILDREN AND THEIR FAMILIES IN A NURTURING, DIVERSE, SAFE, AND ENRICHING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENTAL DAY CARE FOR 2, 3, 4 AND 5 YEAR OLD CHILDREN FULL DAY CARE FOR PRE-SCHOOL CHILDREN BEFORE AND AFTER SCHOOL AND SUMMER DAY CARE FOR SCHOOL AGE CHILDREN, 1ST TO 7TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristy Morrell Executive Director | Officer | 40 | $76,630 |
James Redman President | OfficerTrustee | 1 | $0 |
Christine Davis Vice President | OfficerTrustee | 1 | $0 |
Andrew Walsworth Treasurer | OfficerTrustee | 1 | $0 |
Sally Smith Secretary | Trustee | 1 | $0 |
Mary Adkins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,853 |
| Related organizations | $0 |
| Government grants | $514,104 |
| All other contributions, gifts, grants, and similar amounts not included above | $591,944 |
| Noncash contributions included in lines 1a–1f | $24,228 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,154,901 |
| Total Program Service Revenue | $1,317,054 |
| Investment income | $37,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,639 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,555,044 |
| 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. | $88,571 |
| Compensation of current officers, directors, key employees. | $2,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,469,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $124,606 |
| Payroll taxes | $110,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,039 |
| Fees for services: Other | $15,006 |
| Advertising and promotion | $24,506 |
| Office expenses | $72,374 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,311 |
| Travel | $0 |
| 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 | $67,458 |
| Insurance | $34,802 |
| All other expenses | $11,254 |
| Total functional expenses | $2,289,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,073 |
| Savings and temporary cash investments | $150,096 |
| Pledges and grants receivable | $66,065 |
| Accounts receivable, net | $101,315 |
| 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 | $2,615 |
| Net Land, buildings, and equipment | $689,860 |
| Investments—publicly traded securities | $1,798,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $3,525,126 |
| Accounts payable and accrued expenses | $302,307 |
| 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 | $148,206 |
| Other liabilities | $0 |
| Total liabilities | $450,513 |
| Net assets without donor restrictions | $2,776,159 |
| Net assets with donor restrictions | $298,454 |
| 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 | $3,525,126 |