The Ferc Daycare Center
- Assets
- $136.4k
- Revenue
- $98.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wasington, DC
- Founding
- 04/1994
- Data as of
- 09/2023
- EIN
- 52-1655463
Organization Overview
The Ferc Daycare Center, operating under the name FERC Child Development Center, is located in Wasington, DC. The organization was established in 1994. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. FERC Child Development Center 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 09/2023, FERC Child Development Center generated $98.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (52.5%) each year. All expenses for the organization totaled $1.1k during the year ending 09/2023. 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
CENTER MISSION IS TO ENSURE THAT THE CENTER'S PROGRAMS ARE CONSISTENT WITH THE NEEDS OF YOUNG CHILDREN AND DEVELOPMENTALLY APPROPRIATE. EDUCATE THE PARENTS, EXPLORE FUNDRAISING OPPORTUNITIES AND SEEK WAYS TO INCREASE FACULTY COMPENSATION WHILE KEEPING TUITION AFFORDABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOARD APPROVES TUITION ASSISTANCE FOR FAMILIES REQUESTING ASSISTANCE BASED ON THE FAMILIES FINANCIAL NEEDS. TUITION ASSISTANCE UP TO 50 PERCENT OF FULL TUITION IS DETERMINED ON A SLIDING SCALE BY A TUITION ASSISTANCE COMMITTEE. BOARD ANNUALLY REVIEWS THE TUITION ASSISTANCE BUDGET AND ADJUSTS THE AMOUNT OF TUITION GRANTS BASED ON THE DEMAND FOR ASSISTANCE AND AVAILABILITY OF FUNDS.
BOARD APPROVES HOLIDAY BONUSES AND AWARDS FOR THE DAYCARE PROVIDERS WHO ARE EMPLOYEES OF THE CONTRACTOR.
BOARD APPROVES CLASSROOM ENRICHMENT PROGRAMS FOR ALL DAYCARE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anton Porter Director And Ferc Representative | OfficerTrustee | 2 | $0 |
Gretchen Kershaw Chair | OfficerTrustee | 2 | $0 |
Candace Lewis Treasurer | OfficerTrustee | 2 | $0 |
Nicole Miller Matheson Vice-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $38 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98 |
| Total Program Service Revenue | $0 |
| 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 | $98 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $816 |
| All other expenses | $299 |
| Total functional expenses | $1,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,408 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,408 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $107,839 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $28,569 |
| Total liabilities and net assets/fund balances | $136,408 |