Cherished Miracles Learning Center Inc
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 60
- Location
- Cincinnati, OH
- Founding
- 04/2010
- Data as of
- 12/2019
- EIN
- 27-0389353
Organization Overview
Cherished Miracles Learning Center Inc, operating under the name Little Miracles Child Development Center Little Miracles Early Learning School, is located in Cincinnati, OH. The organization was established in 2010. 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 12/2019, Little Miracles Child Development Center Little Miracles Early Learning School employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Miracles Child Development Center Little Miracles Early Learning School 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 12/2019, Little Miracles Child Development Center Little Miracles Early Learning School generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2019. While expenses have increased by 22.6% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE A SOLID FOUNDATION OF LEARNING SO THAT CHILDREN CAN EASILY TRANSITION INTO A GRADE SCHOOL ENVIRONMENT. OUR FOCUS IS TO PROVIDE HIGH QUALITY CHILDCARE AND EDUCATION PROGRAMS SO THAT CHILDREN THAT ARE CONSIDERED AT RISK WILL HAVE THE TOOLS THEY NEED TO BE SUCCESSFUL DESPITE THEIR CIRCUMSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE CONTINUED TO RETAINED AND OFFER SCREENING SERVICES TO OUR STUDENTS BEING SOCIAL EMOTIONAL AGES AND STAGES AND DEVELOPMENTAL AGES AND STAGES FOR EARLY DETECTION OF SOCIAL AND DEVELOPMENTAL DELAYS IN STUDENTS. WE ALSO HAVE INFORMATION FOR LOCAL PROGRAMS AND OFFER ASSISTANCE WITH GETTING FAMILIES THE SUPPORT THEY NEED IF THEIR CHILD HAS A SPECIAL NEED.
MAINTAINED STEP UP TO QUALITY 4 STARS AWARD FOR ANOTHER YEAR. ONE OF THE QUALIFICATIONS TO OBTAIN THIS RATING IS TO HAVE MORE HIGHLY EDUCATED TEACHERS (COLLEGE DEGREE AND CDA) WHICH REQUIRES THE CENTER TO PAY MORE IN SALARY TO OBTAIN AND RETAIN THESE TEACHERS. THIS HAS INCREASED OUR PAYROLL EXPENSES TO PAY FOR HIGHER QUALIFIED STAFF.
MAINTIAN A MORE INCLUSIVE PARENT COMMUNICATION APP WHERE TEACHERS SEND PICTURES AND VIDEOS THROUGHOUT THE DAY TO PARENTS ALONG WITH STUDENT ACTIVITIES FOR THE DAY TO FOSTER IN INCLUDING PARENTS IN THE EDUCATIONAL PROGRESS OF THEIR CHILDREN. CENTER COVERS COST IN OPERATING EXPENSES.
WE HAVE CONTINUED TO RETAINED AND OFFER SCREENING SERVICES TO OUR STUDENTS BEING SOCIAL EMOTIONAL AGES AND STAGES AND DEVELOPMENTAL AGES AND STAGES FOR EARLY DETECTION OF SOCIAL AND DEVELOPMENTAL DELAYS IN STUDENTS. WE ALSO HAVE INFORMATION FOR LOCAL PROGRAMS AND OFFER ASSISTANCE WITH GETTING FAMILIES THE SUPPORT THEY NEED IF THEIR CHILD HAS A SPECIAL NEED.
MAINTAINED STEP UP TO QUALITY 4 STARS AWARD FOR ANOTHER YEAR. ONE OF THE QUALIFICATIONS TO OBTAIN THIS RATING IS TO HAVE MORE HIGHLY EDUCATED TEACHERS (COLLEGE DEGREE AND CDA) WHICH REQUIRES THE CENTER TO PAY MORE IN SALARY TO OBTAIN AND RETAIN THESE TEACHERS. THIS HAS INCREASED OUR PAYROLL EXPENSES TO PAY FOR HIGHER QUALIFIED STAFF.
MAINTIAN A MORE INCLUSIVE PARENT COMMUNICATION APP WHERE TEACHERS SEND PICTURES AND VIDEOS THROUGHOUT THE DAY TO PARENTS ALONG WITH STUDENT ACTIVITIES FOR THE DAY TO FOSTER IN INCLUDING PARENTS IN THE EDUCATIONAL PROGRESS OF THEIR CHILDREN. CENTER COVERS COST IN OPERATING EXPENSES.
WE HAVE CONTINUED TO RETAINED AND OFFER SCREENING SERVICES TO OUR STUDENTS BEING SOCIAL EMOTIONAL AGES AND STAGES AND DEVELOPMENTAL AGES AND STAGES FOR EARLY DETECTION OF SOCIAL AND DEVELOPMENTAL DELAYS IN STUDENTS. WE ALSO HAVE INFORMATION FOR LOCAL PROGRAMS AND OFFER ASSISTANCE WITH GETTING FAMILIES THE SUPPORT THEY NEED IF THEIR CHILD HAS A SPECIAL NEED.
MAINTAINED STEP UP TO QUALITY 4 STARS AWARD FOR ANOTHER YEAR. ONE OF THE QUALIFICATIONS TO OBTAIN THIS RATING IS TO HAVE MORE HIGHLY EDUCATED TEACHERS (COLLEGE DEGREE AND CDA) WHICH REQUIRES THE CENTER TO PAY MORE IN SALARY TO OBTAIN AND RETAIN THESE TEACHERS. THIS HAS INCREASED OUR PAYROLL EXPENSES TO PAY FOR HIGHER QUALIFIED STAFF.
MAINTIAN A MORE INCLUSIVE PARENT COMMUNICATION APP WHERE TEACHERS SEND PICTURES AND VIDEOS THROUGHOUT THE DAY TO PARENTS ALONG WITH STUDENT ACTIVITIES FOR THE DAY TO FOSTER IN INCLUDING PARENTS IN THE EDUCATIONAL PROGRESS OF THEIR CHILDREN. CENTER COVERS COST IN OPERATING EXPENSES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $187,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,265 |
| Total Program Service Revenue | $1,484,085 |
| 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 | $1,671,350 |
| 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. | $59,884 |
| Compensation of current officers, directors, key employees. | $59,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $775,467 |
| Pension plan accruals and contributions | $10,400 |
| Other employee benefits | $108,829 |
| Payroll taxes | $164,736 |
| Fees for services: Management | $38,294 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,679 |
| Office expenses | $8,624 |
| Information technology | $9,600 |
| Royalties | $0 |
| Occupancy | $151,809 |
| 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 | $0 |
| Insurance | $27,305 |
| All other expenses | $0 |
| Total functional expenses | $1,363,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,113 |
| Savings and temporary cash investments | $192,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,013 |
| 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 | $307,723 |
| Net Land, buildings, and equipment | $865,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,528,981 |
| Accounts payable and accrued expenses | $24,356 |
| 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 | $1,134,000 |
| Unsecured mortgages and notes payable | $62,902 |
| Other liabilities | $0 |
| Total liabilities | $1,221,258 |
| Net assets without donor restrictions | $0 |
| 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 | $307,723 |
| Total liabilities and net assets/fund balances | $1,528,981 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cherished Miracles Learning Center Inc has recieved totaling $15,333.
| Awarding Organization | Amount |
|---|---|
Ohio Child Care Resource And Referral Association Columbus, OH PURPOSE: GENERAL SUPPORT | $15,229 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Horizon Education Centers North Olmsted, OH | $18,012,561 | $15,661,118 |
Lehigh Valley Childrens Centers Inc Allentown, PA | $14,112,341 | $13,366,940 |
League On Social Services Inc Family Day Care Program Hyde, PA | $1,090,310 | $11,061,373 |
Ahold Delhaize Usa Family Foundation Inc Carlisle, PA | $12,628,816 | $12,963,322 |
Mid-Michigan Child Care Centers Inc Freeland, MI | $1,154,182 | $9,904,930 |
Learn & Play Fort Washington, PA | $20,169,763 | $14,001,464 |
Comprehensive Community Child Care Organization Inc Cincinnati, OH | $5,282,302 | $9,574,418 |
Federation Day Care Services Philadelphia, PA | $6,192,299 | $8,469,963 |
Wonderspring Narberth, PA | $4,413,061 | $8,430,879 |
Tippecanoe County Child Care Inc Lafayette, IN | $4,482,295 | $9,627,858 |