Red Caboose Child Care Center Inc
- Assets
- $7.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/1972
- Data as of
- 08/2023
- EIN
- 39-1154686
Organization Overview
Red Caboose Child Care Center Inc is located in Madison, WI. The organization was established in 1972. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Caboose Child 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 08/2023, Red Caboose Child Care Center Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.9m during the year ending 08/2023. While expenses have increased by 4.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENT CHILDCARE THAT INCLUDES AMPLE EDUCATIONAL ACTIVITIES. FULL-TIME CHILDCARE IS GIVEN TO CHILDREN AGES ONE TO FIVE. IN ADDITION, CARE IS PROVIDED TO SCHOOL AGE CHILDREN AGES FIVE THROUGH ELEVEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR, THE ORGANIZATION PROVIDED CHILDCARE SERVICES TO 196 UNDUPLICATED CHILDREN, WHO ATTENDED ONE TO FIVE DAYS A WEEK FOR CARE PROVIDED AT THE CHILD CARE CENTER (654 WILLIAMSON STREET), OR LAPHAM ELEMENTARY SCHOOL (1045 EAST DAYTON STREET), OR MARQUETTE ELEMENTARY SCHOOL (1501 JENNIFER STREET). THE ORGANIZATION CARED FOR 55 UNDUPLICATED CHILDREN AT THE CHILD CARE CENTER, AND 141 UNDUPLICATED CHILDREN AT LAPHAM ELEMENTARY AFTER SCHOOL, MARQUETTE ELEMENTARY AFTER SCHOOL AND SUMMER CAMP COMBINED. AT ALL TIMES AND PLACES, TEACHERS AND STAFF ENGAGED THE CHILDREN IN CREATIVE AND CHALLENGING EDUCATIONAL ACTIVITIES.
DURING THE FISCAL YEAR, THE ORGANIZATION PROVIDED CHILDCARE SERVICES TO 186 CHILDREN, WHO ATTENDED ONE TO FIVE DAYS A WEEK FOR CARE PROVIDED AT THE CHILD CARE CENTER (654 WILLIAMSON STREET), OR LAPHAM ELEMENTARY SCHOOL (1045 EAST DAYTON STREET), OR MARQUETTE ELEMENTARY SCHOOL (1501 JENNIFER STREET). THE ORGANIZATION CARED FOR 65 UNDUPLICATED CHILDREN AT THE CHILD CARE CENTER, AND 121 UNDUPLICATED CHILDREN AT LAPHAM ELEMENTARY AFTER SCHOOL, MARQUETTE ELEMENTARY AFTER SCHOOL AND SUMMER CAMP COMBINED. AT ALL TIMES AND PLACES, TEACHERS AND STAFF ENGAGED THE CHILDREN IN CREATIVE AND CHALLENGING EDUCATIONAL ACTIVITIES. THE CENTER STAFF IS COMPLETING PREPARATIONS FOR MOVING TO A NEW CHILD CARE FACILITY ON 2346 WINNEBAGO STREET THAT WILL OCCUR EARLY IN THE UPCOMING YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Stephenson President | OfficerTrustee | 1 | $0 |
Colin Stroud Vice President | OfficerTrustee | 1 | $0 |
Andrea Suarez Secretary (thru June) | OfficerTrustee | 1 | $0 |
Phil O'leary Secretary (began Aug) | OfficerTrustee | 1 | $0 |
Cindy Gillis Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Gilbertson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $548,406 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $948,908 |
| Total Program Service Revenue | $1,248,710 |
| Investment income | $3,159 |
| 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 | $2,202,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,488 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,731 |
| Compensation of current officers, directors, key employees. | $28,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $849,916 |
| Pension plan accruals and contributions | $6,068 |
| Other employee benefits | $209,009 |
| Payroll taxes | $78,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,526 |
| Advertising and promotion | $20,139 |
| Office expenses | $25,852 |
| Information technology | $7,593 |
| Royalties | $0 |
| Occupancy | $100,982 |
| 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 | $4,796 |
| Insurance | $15,135 |
| All other expenses | $0 |
| Total functional expenses | $1,925,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,995 |
| Savings and temporary cash investments | $20,073 |
| Pledges and grants receivable | $317,157 |
| Accounts receivable, net | $13,489 |
| 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 | $25,625 |
| Net Land, buildings, and equipment | $6,094,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,232,845 |
| Accounts payable and accrued expenses | $226,757 |
| Grants payable | $0 |
| Deferred revenue | $7,746 |
| 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 | $4,230,658 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,000 |
| Total liabilities | $4,615,161 |
| Net assets without donor restrictions | $2,267,021 |
| Net assets with donor restrictions | $350,663 |
| 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 | $7,232,845 |