Carousel Family Services Inc
- Assets
- $388.4k
- Revenue
- $663.3k
- Investments
- $0.0
- Employees
- 38
- Location
- South Bend, IN
- Founding
- 12/1990
- Data as of
- 06/2017
- EIN
- 35-1790084
Organization Overview
Carousel Family Services Inc is located in South Bend, IN. The organization was established in 1990. 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 06/2016, Carousel Family Services Inc employed 38 individuals. Carousel Family Services 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 06/2017, Carousel Family Services Inc generated $663.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL SERVICES FOR GRADES K-8, AFTER SCHOOL AND SUMMER SCHOOL PROGRAMS FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SERVICES FOR GRADES K-8 AND AFTER SCHOOL PROGRAMS FOR CHILDREN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Germaine Smith Dir. Of Educ | Trustee | 40 | $70,000 |
Theodore Williams Treasurer | OfficerTrustee | 2 | $0 |
Yvonne Larrier President | OfficerTrustee | 40 | $0 |
Joseph Campbell Secretary | OfficerTrustee | $0 | |
Marlene Murray Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,776 |
| 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 | $663,287 |
| Statement of Expenses | |
|---|---|
| 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. | $75,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $594,775 |
| Pension plan accruals and contributions | $71,157 |
| Other employee benefits | $0 |
| Payroll taxes | $53,473 |
| Fees for services: Management | $18,994 |
| Fees for services: Legal | $1,056 |
| Fees for services: Accounting | $45,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,249 |
| Office expenses | $627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,008 |
| Travel | $3,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,455 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,365 |
| Insurance | $28,538 |
| All other expenses | $12,931 |
| Total functional expenses | $1,182,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,770 |
| 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 | $6,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $388,354 |
| Accounts payable and accrued expenses | $749 |
| 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 | $0 |
| Other liabilities | $767,350 |
| Total liabilities | $768,099 |
| 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 |
| Total liabilities and net assets/fund balances | -$379,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carousel Family Services Inc has recieved totaling $420.
| Awarding Organization | Amount |
|---|---|
Feed The Children Inc Oklahoma City, OK PURPOSE: NECESSITIES FOR NEEDY CHILDREN & FAMILIES | $420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baby Fold Normal, IL | $27,364,116 | $17,486,637 |
Day Care Resources Inc Tremont, IL | $2,117,943 | $17,941,943 |
Centers For New Horizons Inc Chicago, IL | $7,305,979 | $16,275,139 |
Sal Family And Community Services Moline, IL | $8,918,922 | $19,104,520 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Carole Robertson Center For Learning Chicago, IL | $14,277,174 | $18,327,901 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
Henry Booth House Chicago, IL | $2,336,796 | $13,372,384 |
Mary Crane League Chicago, IL | $2,658,190 | $10,239,399 |
Guadalupe Center Inc Kansas City, MO | $11,857,971 | $9,741,504 |
Encompass Early Education And Care Inc Green Bay, WI | $8,419,390 | $8,397,899 |
Urban Sprouts University City, MO | $386,056 | $8,466,717 |