Care-O-Sel Daycare And Preschool Inc
- Assets
- $602.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 29
- Location
- Virden, IL
- Founding
- 03/1998
- Data as of
- 12/2020
- EIN
- 37-1274490
Organization Overview
Care-O-Sel Daycare And Preschool Inc is located in Virden, IL. The organization was established in 1998. 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 12/2020, Care-O-Sel Daycare And Preschool Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Care-O-Sel Daycare And Preschool 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 12/2020, Care-O-Sel Daycare And Preschool Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $910.5k during the year ending 12/2020. While expenses have increased by 3.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CARE-O-SEL CHILD CARE AND EDUCATION, INC WAS ESTABLISHED TO PROVIDE CHILD CARE SERVICES AND AN EDUCATION CURRICULM FOR CHILDREN IN THE VIRDEN AREA. CARE-O-SEL PROVIDES CHILD CARE FOR INFANTS THROUGH EARLY ELEMENTARY GRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE-O-SEL CHILD DAYCARE, INC WAS ESTABLISHED TO PROVIDE CHILD CARE SERVICES AND AN EDUCATION CURRICULM FOR CHILDREN IN THE VIRDEN AREA. CARE-O-SEL PROVIDES CHILD CARE FOR INFANTS THROUGH EARLY ELEMENTARY GRADES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Dodd Executive Dir. | Trustee | 40 | $64,646 |
Jody Reichman Sec & Treasurer | Officer | 40 | $59,283 |
Janice Cain Executive Dir. | Officer | 40 | $37,521 |
Jodi Baker Director | Officer | 1 | $0 |
Todd Austin Director | Trustee | 1 | $0 |
Ben Lowder Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $907,950 |
| 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 | $907,950 |
| Total Program Service Revenue | $208,441 |
| Investment income | $66 |
| 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 | $1,116,457 |
| 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. | $161,450 |
| Compensation of current officers, directors, key employees. | $61,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,456 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,119 |
| Interest | $8,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,613 |
| Insurance | $9,111 |
| All other expenses | $8,058 |
| Total functional expenses | $910,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,447 |
| 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 | $176,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,618 |
| Accounts payable and accrued expenses | $56,302 |
| Grants payable | $0 |
| Deferred revenue | $346 |
| 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 | $158,741 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $215,389 |
| Net assets without donor restrictions | $386,642 |
| Net assets with donor restrictions | $587 |
| 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 | $602,618 |
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