Wildflower Cottage For Children Inc
- Assets
- $1.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Durham, NC
- Founding
- 04/2016
- Data as of
- 07/2024
- EIN
- 47-4468684
Organization Overview
Wildflower Cottage For Children Inc is located in Durham, NC. The organization was established in 2016. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 07/2024, Wildflower Cottage For Children Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wildflower Cottage For Children 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 07/2024, Wildflower Cottage For Children Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $860.7k during the year ending 07/2024. While expenses have increased by 10.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WILDFLOWER COTTAGE FOR CHILDREN PROVIDES FULL-DAY EARLY CHILDHOOD EDUCATION FOR CHILDREN AGES 1-5.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILDFLOWER COTTAGE FOR CHILDREN WAS ESTABLISHED IN 2015 WITH THE MISSION TO PROVIDE CHILDREN WITH A COZY, HOME-LIKE LEARNING ENVIRONMENT, WHICH EMPHASIZES INTELLECTUAL DEVELOPMENT, SOCIAL-EMOTIONAL COACHING, CREATIVE LEARNING, AND NATURE APPRECIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Fenton Director | Trustee | 0 | $0 |
Pat Spencer President | OfficerTrustee | 0 | $0 |
Linda Foreman Secretary | OfficerTrustee | 0 | $0 |
David Goss Treasurer | OfficerTrustee | 0 | $0 |
John Frederick Director | Trustee | 0 | $0 |
Melody Butts Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,268 |
| Total Program Service Revenue | $916,763 |
| 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 | $1,004,031 |
| 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. | $67,524 |
| Compensation of current officers, directors, key employees. | $20,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,824 |
| Payroll taxes | $47,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $287 |
| Office expenses | $29,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,044 |
| 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 | $32,526 |
| Insurance | $16,244 |
| All other expenses | $0 |
| Total functional expenses | $860,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,250 |
| 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 | $1,626,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,734 |
| Other assets | $0 |
| Total assets | $1,791,022 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $87,389 |
| 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 | $871,289 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,534 |
| Total liabilities | $966,212 |
| Net assets without donor restrictions | $824,810 |
| 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 | $1,791,022 |