Olives Lil Angels Learning Center
- Assets
- $887.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Cedar Hill, TX
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 42-1702253
Organization Overview
Olives Lil Angels Learning Center is located in Cedar Hill, TX. The organization was established in 2007. 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 12/2023, Olives Lil Angels Learning Center employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olives Lil Angels Learning Center 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 12/2023, Olives Lil Angels Learning Center generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EXEMPLARY CHILD CARE CENTER FOR OUR CHILDREN BY ASSISTING EACH CHILD WITH THE OPPORTUNITY TO GROWN PHYSICALL, INTELLECTUALLY, SOCIALLY, AND EMOTIONALLY TO THE BEST OF THEIR ABILITY.
Describe the Organization's Program Activity:
CHILDCARE PROGRAM - OUR CHILDREN SERVICES ARE EXEMPLARY. WE PROVIDE A SAFE ENVIRONMENT FOR OUR CHILDREN.- DEVELOPMENTAL ACTIVITIES FOR ALL OUR CHILDREN AGES FROM 8 WEEKS OLD TO 12 YEARS OLD WITH WELL TRAINED STAFF.- BEFORE AND AFTER SCHOOL CARE AND TRANSPORTATION TO AND FROM SCHOOL FOR OUR SCHOOL AGE CHILDREN.- OUR CHILDCARE SERVICES ARE EXEMPLARY AND THAT IS WHY WE HAVE PARENTS IN OUR COMMUNITY EAGER TO ENROLL THEIR CHILDREN IN OUR PROGRAM.
EDUCATIONAL PROGRAM - WE STAY CURRENT ON RESEARCH IN CHILD DEVELOPMENT SO THAT WE ARE ABLE TO BUILD A STRONG FOUNDATION FOR EACH CHILD SO THEY CAN MOVE TO THE NEXT LEVEL IN LEARNING IN A SMOOTH MANNER.- WE INCORPORATE LEARNING SKILLS TO STIMULATE COGNITIVE PROBLEM SOLVING COMMUICATION SKILLS NECESSARY FOR LISTENING, READING, WRITING, AND SPEAKING.- WE ARE NATIONALLY ACCREDITED AND TEXAS RISING 4 STAR CHILD CARE CENTER
RECREATIONAL PROGRAM - WE OFFER FIELD TRIPS.- WE TAKE THE CHILDREN ON FIELD TRIPS TO THE MUSEUMS, AQUARIUM, SPORTS STADIUMS, COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tashika Wright Member | Trustee | 40 | $0 |
Tanya Logan Member | Trustee | 5 | $0 |
Lawrence Moore Member | Trustee | 5 | $0 |
Gary Guy Member | Trustee | 5 | $0 |
Roni Edwards Member | Trustee | 5 | $0 |
Shaneka Hogg Executive Dir. | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $647,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $697,539 |
| Total Program Service Revenue | $690,096 |
| 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 | $1,387,635 |
| 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. | $106,651 |
| Compensation of current officers, directors, key employees. | $26,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $526,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,927 |
| Payroll taxes | $53,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,325 |
| Advertising and promotion | $3,821 |
| Office expenses | $70,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,785 |
| Travel | $51,559 |
| 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 | $31,667 |
| Insurance | $17,109 |
| All other expenses | $0 |
| Total functional expenses | $1,164,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,296 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,247 |
| Loans from Officers, Directors, or Controlling Persons | $1,309 |
| 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 | $108,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $385,888 |
| Total assets | $887,684 |
| Accounts payable and accrued expenses | $3,881 |
| 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 |
| Total liabilities | $3,882 |
| Net assets without donor restrictions | $883,802 |
| 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 | $887,684 |