Grinnell Day Care Center Inc
- Assets
- $897.9k
- Revenue
- $937.9k
- Investments
- $0.0
- Employees
- 63
- Location
- Grinnell, IA
- Founding
- 03/1971
- Data as of
- 08/2023
- EIN
- 42-0947994
Organization Overview
Grinnell Day Care Center Inc is located in Grinnell, IA. The organization was established in 1971. 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 08/2023, Grinnell Day Care Center Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grinnell Day 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, Grinnell Day Care Center Inc generated $937.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.1m during the year ending 08/2023. While expenses have increased by 1.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S DAY CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRINNELL COMMUNITY DAY CARE CENTER, INC. PROVIDES QUALITY & AFFORDABLE CHILD CARE SERVICES TO THE GRINNELL & SURROUNDING AREAS TO ENABLE PARENTS TO WORK. APPROXIMATELY 150 CHILDREN FROM 6 WEEKS TO 9 YEARS OLD ARE RECEIVING THIS BENEFIT CURRENTLY. THESE SERVICES ARE AVAILABLE TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Steinbach Director | Trustee | 45 | $68,125 |
Jess Anderson Director | Trustee | $0 | |
Barbara Ashby Secretary | OfficerTrustee | $0 | |
Katie Cecak Director | Trustee | $0 | |
Paqui Escoriza Director | Trustee | $0 | |
Rebecca Hanson President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,182 |
| Total Program Service Revenue | $609,351 |
| Investment income | $8,398 |
| 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 | $937,931 |
| 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. | $68,125 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $651,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $48,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,065 |
| Office expenses | $79,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,249 |
| 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 | $2,660 |
| Insurance | $18,388 |
| All other expenses | $0 |
| Total functional expenses | $1,081,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,998 |
| Savings and temporary cash investments | $803,784 |
| 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 | $3,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $897,925 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $18,266 |
| 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 | $14,047 |
| Total liabilities | $32,313 |
| 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 | $865,612 |
| Total liabilities and net assets/fund balances | $897,925 |