New Beginnings Preschool & Child Care Inc
- Assets
- $513.1k
- Revenue
- $601.4k
- Investments
- $0.0
- Employees
- 19
- Location
- Milford, IN
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 35-1988335
Organization Overview
New Beginnings Preschool & Child Care Inc is located in Milford, IN. The organization was established in 1996. 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, New Beginnings Preschool & Child Care Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Beginnings Preschool & Child Care 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 12/2022, New Beginnings Preschool & Child Care Inc generated $601.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $380.4k during the year ending 12/2022. While expenses have increased by 5.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REGGIO-EMILIA INSPIRED EARLY EDUCATION PROGRAM WHICH ENCOURAGES CHILDREN TO BECOME LIFELONG INVESTIGATORS AND LEARNERS THROUGH PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EARLY EDUCATION SERVICES TO PRE-SCHOOL AND ELEMENTARY AGED CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Mccreary Secretary | Officer | 1 | $0 |
Jody Melton President | Officer | 1 | $0 |
Stephanie Lees Vice President | Officer | 1 | $0 |
Darius Samz Treasurer | Officer | 1 | $0 |
Brandi Farber Board Member | Trustee | 1 | $0 |
Elizabeth Gilbert Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,793 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,026 |
| Total Program Service Revenue | $193,763 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,355 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,037 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40 |
| Office expenses | $5,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,213 |
| Travel | $1,237 |
| 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 | $1,818 |
| Insurance | $7,700 |
| All other expenses | $6,985 |
| Total functional expenses | $380,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,774 |
| Savings and temporary cash investments | $425,344 |
| 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 | $54,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $513,147 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,029 |
| Total liabilities | $1,029 |
| Net assets without donor restrictions | $512,118 |
| 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 | $513,147 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Beginnings Preschool & Child Care Inc has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Early Learning Indiana Inc Indianapolis, IN PURPOSE: CBS GRANT | $13,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Indiana Inc Indianapolis, IN | $99,366,858 | $103,290,512 |
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 |