Broadcasters Child Development
- Assets
- $2.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Washington, DC
- Founding
- 11/1982
- Data as of
- 08/2023
- EIN
- 52-1197310
Organization Overview
Broadcasters Child Development is located in Washington, DC. The organization was established in 1982. 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, Broadcasters Child Development employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadcasters Child Development 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, Broadcasters Child Development generated $3.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.4m during the year ending 08/2023. While expenses have increased by 11.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY CHILD CARE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCASTERS CHILD DEVELOPMENT CENTER HAS CONTINUED TO OPERATE POST-PANDEMIC WITH EBBS AND FLOWS IN ENROLLMENT. DESPITE FINANCIAL CHALLENGES DURING LOW ENROLLMENT, WE CONTINUE TO SERVE APPROX. 85-95 FAMILIES EACH YEAR ACROSS TWELVE CLASSROOMS AT OUR CENTER.WE RECEIVED GRANT FUNDING THROUGH THE DC STABILIZATION GRANT & THE LIIF(LOW INCOME INVESTMENT FUND) TO SUPPORT OUR FINANCIAL NEEDS UNTIL ENROLLMENT INCREASED TO HIGHER LEVELS. WE DID HAVE TO TAKE ON ADDITIONAL DEBT IN OCTOBER 2023 TO SUPPORT OUR PAYROLL UNTIL PAY EQUITY FUNDING BEGAN IN DECEMBER 2023. THAT FUNDING WILL CONTINUE UNTIL SEPTEMBER 2024.WE HAVE RETURNED TO PRE-PANDEMIC ENROLLMENT LEVELS AND HAVE RETAINED THE MAJORITY OF OUR STAFF OF 35 AND HIRED SEVERAL NEW STAFF MEMBERS. OUR PROGRAM CONTINUES TO PROVIDE QUALITY FULL-TIME CHILD CARE FOR FAMILIES LIVING AND WORKING IN DC AND EMPLOYMENT OPPORTUNITIES FOR THE EARLY CHILDHOOD WORKFORCE. OUR PROGRAM IS COMMITTED TO REACHING NEW LEVELS BY BECOMING AN OSSE(OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION) APPROVED SUBSIDY PROVIDER THIS YEAR. WE ARE ALSO PURSUING PROGRAM ACCREDITATION THROUGH THE NATIONAL EARLY CHILDHOOD PROGRAM ACCREDITATION(NECPA) ORGANIZATION. THESE TWO ACHIEVEMENTS WILL HOPEFULLY ALLOW US TO APPLY TO BECOME A DCPS PREK APPROVED PROGRAM FOR 3 & 4 YEAR OLD CHILDREN IN THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Mohler Executive Director | Trustee | 37.5 | $87,366 |
Tameka Robinson Staff Rep | Trustee | 37.5 | $49,004 |
Jennie Hendrickson Board Member | Trustee | 2 | $0 |
April Elliot Board Member | Trustee | 2 | $0 |
Cassandra Scarpino Board Member | Trustee | 2 | $0 |
Miles Plant Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,066 |
| Total Program Service Revenue | $2,915,089 |
| 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 | $2,977,428 |
| 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. | $136,370 |
| Compensation of current officers, directors, key employees. | $16,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,458,241 |
| Pension plan accruals and contributions | $25,051 |
| Other employee benefits | $282,487 |
| Payroll taxes | $132,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,478 |
| Advertising and promotion | $0 |
| Office expenses | $13,668 |
| Information technology | $3,547 |
| Royalties | $0 |
| Occupancy | $848,708 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,664 |
| Insurance | $30,458 |
| All other expenses | $0 |
| Total functional expenses | $3,424,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,200 |
| Savings and temporary cash investments | $33 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,956 |
| 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 | $12,698 |
| Net Land, buildings, and equipment | $1,318,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $519,274 |
| Total assets | $2,034,641 |
| Accounts payable and accrued expenses | $52,536 |
| Grants payable | $0 |
| Deferred revenue | $286,616 |
| 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 | $229,303 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,028,909 |
| Total liabilities | $2,597,364 |
| Net assets without donor restrictions | -$562,723 |
| 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 | $2,034,641 |