Rockville Day Care Association Incorporated
- Assets
- $3.4m
- Revenue
- $3.2m
- Investments
- $351.5k
- Employees
- 99
- Location
- Rockville, MD
- Founding
- 03/1970
- Data as of
- 12/2023
- EIN
- 52-0898527
Organization Overview
Rockville Day Care Association Incorporated is located in Rockville, MD. The organization was established in 1970. 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, Rockville Day Care Association Incorporated employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockville Day Care Association Incorporated 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, Rockville Day Care Association Incorporated generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. 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
CHILDCARE SERVICES: THE ORGANIZATION PROVIDES QUALITY YEAR-ROUND CHILD DEVELOPMENT AND DAY CARE SERVICES FOR CHILDREN AGES 6 WEEKS TO 12 YEARS OF AGE. THERE ARE SEVEN LOCATIONS: ASHBURTON CDC, BEL PRE CDC, BRADLEY CDC, MARYVALE CDC, SARGENT SHRIVER CDC, WOODLIN CDC, AND NORTHWEST CENTER CDC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE SERVICES ARE PROVIDED AS DESCRIBED ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marika Bragato President | OfficerTrustee | 3 | $0 |
Peter Sparding Vice President | OfficerTrustee | 1 | $0 |
Sinisa Panic Treasurer | OfficerTrustee | 1 | $0 |
Sarah Jones Secretary | OfficerTrustee | 0.5 | $0 |
Veronia Bedon Director | Trustee | 0.5 | $0 |
Cassandra Berman Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $404,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,076 |
| Total Program Service Revenue | $2,775,168 |
| Investment income | $17,835 |
| 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 | $3,200,079 |
| 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. | $98,325 |
| Compensation of current officers, directors, key employees. | $98,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,196,137 |
| Pension plan accruals and contributions | $12,812 |
| Other employee benefits | $177,599 |
| Payroll taxes | $183,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,909 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,553 |
| Fees for services: Other | $53,235 |
| Advertising and promotion | $13,901 |
| Office expenses | $3,806 |
| Information technology | $970 |
| Royalties | $0 |
| Occupancy | $116,493 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,005 |
| Insurance | $21,980 |
| All other expenses | $29,994 |
| Total functional expenses | $3,129,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,744,709 |
| Savings and temporary cash investments | $247,925 |
| 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 | $11,735 |
| Net Land, buildings, and equipment | $1,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $351,478 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,357,615 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,357,615 |
| 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 | $3,357,615 |