Montgomery Child Care Association Inc
- Assets
- $7.9m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 180
- Location
- Rockville, MD
- Founding
- 03/1966
- Data as of
- 08/2023
- EIN
- 52-0880656
Organization Overview
Montgomery Child Care Association Inc is located in Rockville, MD. The organization was established in 1966. 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, Montgomery Child Care Association Inc employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Child Care Association 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, Montgomery Child Care Association Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $7.1m during the year ending 08/2023. 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
PROVIDES QUALITY CHILD CARE TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: THE ASSOCIATION PROVIDES HIGH QUALITY CHILD CARE AND EARLY EDUCATION FOR APPROXIMATELY 600 INFANT TO SCHOOL AGE CHILDREN AT 10 CENTERS.
FOOD COST: THE ASSOCIATION PROVIDES NUTRITIOUS SNACKS AND MEALS TO ITS ENROLLED CHILDREN AND PARTICIPATES IN THE MSDE CHILD & ADULT CARE FOOD PROGRAM.
FACILITIES: THE ASSOCIATION MAINTAINS SAFE AND STIMULATING INDOOR AND OUTDOOR ENVIRONMENTS FOR CHILDREN AT ITS 10 SITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Riley President | OfficerTrustee | 5 | $0 |
Emily Gagliardi Vice President/secretary | OfficerTrustee | 5 | $0 |
Pam Wilson Treasurer | OfficerTrustee | 5 | $0 |
Lisa Fishberg Board Member | Trustee | 1 | $0 |
Lori Ann Madhok Board Member | Trustee | 1 | $0 |
Britt Gordon-Mckeon Board Member/parent Rep | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,816 |
| Total Program Service Revenue | $7,593,084 |
| Investment income | $132,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,845,163 |
| 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. | $297,541 |
| Compensation of current officers, directors, key employees. | $75,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,494,763 |
| Pension plan accruals and contributions | $17,934 |
| Other employee benefits | $310,809 |
| Payroll taxes | $350,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,178 |
| Fees for services: Accounting | $60,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $291,829 |
| Advertising and promotion | $710 |
| Office expenses | $0 |
| Information technology | $158,708 |
| Royalties | $0 |
| Occupancy | $396,964 |
| Travel | $123 |
| 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 | $22,956 |
| Insurance | $116,518 |
| All other expenses | $159,135 |
| Total functional expenses | $7,057,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,852,698 |
| Savings and temporary cash investments | $454,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,809 |
| 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 | $162,947 |
| Net Land, buildings, and equipment | $79,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $310,375 |
| Total assets | $7,893,098 |
| Accounts payable and accrued expenses | $415,420 |
| Grants payable | $0 |
| Deferred revenue | $195,886 |
| 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 | $333,026 |
| Total liabilities | $944,332 |
| Net assets without donor restrictions | $6,948,766 |
| 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 | $7,893,098 |