Little Castle Learning & Development Center Inc
- Assets
- $1.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Artesia, NM
- Founding
- 01/2017
- Data as of
- 06/2023
- EIN
- 47-5154846
Organization Overview
Little Castle Learning & Development Center Inc is located in Artesia, NM. The organization was established in 2017. 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 06/2023, Little Castle Learning & Development Center Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Castle Learning & Development 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 06/2023, Little Castle Learning & Development Center Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $997.1k during the year ending 06/2023. While expenses have increased by 9.3% per year over the past 7 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
OUR MISSION - THE MISSION OF LITTLE CASTLE LEARNING & DEVELOPMENT CENTER IS TO PROVIDE THE OPPORTUNITY, THROUGH PLAY, FOR EVERY CHILD AND THEIR FAMILY TO ENGAGE IN A DEVELOPMENTAL AGE APPROPRIATE LEARNING ENVIRONMENT, WHERE THEY CAN GROW TO BE INDEPENDENT LEARNERS, CREATIVE AND DIVERGENT THINKERS, AND WHERE THEY WILL BE WILLING TO TAKE RISKS, ASK QUESTIONS, AND PRACTICE SELF-CONTROL. IT IS OUR HOPE THAT LITTLE CASTLE WILL "INSPIRE LEADERS OF TOMORROW- AND THAT GRADUATES OF LITTLE CASTLE TAKE WITH THEM A LOVE OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR VISION IS TO SUPPORT PARENTS IN THEIR CHILD CARE AND CHILD DEVELOPMENT NEEDS BY OFFERING THE OPPORTUNITY FOR REDUCED AND SUPPORTED COST CHILD CARE. WE SEEK TO SUPPORT EACH CHILD'S INDIVIDUAL PHYSICAL, SOCIAL, AND COGNITIVE NEEDS IN A SAFE AND CHALLENGING ENVIRONMENT WHILE CONSIDERING EACH CHILD'S UNIQUE NEEDS.
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Borges Member | Trustee | $0 | |
Cody Hanagan Member | Trustee | $0 | |
Elisabeth Jackson Chairman | OfficerTrustee | $0 | |
Cari Jowers Member | Trustee | $0 | |
Mitzi Mccaleb Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $216,145 |
| 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 | $216,145 |
| Total Program Service Revenue | $798,222 |
| Investment income | $9,425 |
| 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 | $1,023,792 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $637,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,141 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $341 |
| Office expenses | $11,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,441 |
| Travel | $7,039 |
| 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 | $38,591 |
| Insurance | $22,117 |
| All other expenses | $43,773 |
| Total functional expenses | $997,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,207 |
| Savings and temporary cash investments | $447,739 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,671 |
| 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 | $661,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,373,356 |
| Accounts payable and accrued expenses | $15,784 |
| 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 | $0 |
| Total liabilities | $15,784 |
| Net assets without donor restrictions | $1,357,572 |
| 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 | $1,373,356 |