Reston Childrens Center Inc
- Assets
- $2.9m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 99
- Location
- Reston, VA
- Founding
- 01/1973
- Data as of
- 08/2023
- EIN
- 54-0882788
Organization Overview
Reston Childrens Center Inc is located in Reston, VA. The organization was established in 1973. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, Reston Childrens Center Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reston Childrens 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 08/2023, Reston Childrens Center Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $4.5m during the year ending 08/2023. While expenses have increased by 3.3% per year over the past 8 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
RESTON CHILDREN'S CENTER IS A PARENT-OWNED COOPERATIVE ORGANIZED TO FINANCE AND OPERATE A NON-PROFIT COMMUNITY PROGRAM SERVING THE DEVELOPMENTAL AND EDUCATIONAL NEEDS OF CHILDREN AND TO PROVIDE SUPPORT SYSTEMS FOR FAMILIES. THE PROGRAM INCLUDES INFANT CARE, PRESCHOOL EDUCATION, BEFORE AND AFTER-SCHOOL ENRICHMENT AND SUMMER CAMP FOR CHILDREN IN GRADES K THROUGH SIX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES FOR 3 PROGRAMS: INFANT-TODDLER, PRESCHOOL AND SCHOOL AGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Marion President | OfficerTrustee | 0.8 | $0 |
Gavin Kratz Vice President | OfficerTrustee | 0.8 | $0 |
Joseph Mussey Treasurer | OfficerTrustee | 0.2 | $0 |
Nicole Roethel Secretary | OfficerTrustee | 0.7 | $0 |
Rachel Clayton Member At Large | Trustee | 0.8 | $0 |
Meena Rajan Member | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $437,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,128 |
| Total Program Service Revenue | $4,025,133 |
| Investment income | $3,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$56,514 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,447,649 |
| 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. | $111,400 |
| Compensation of current officers, directors, key employees. | $12,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,827,333 |
| Pension plan accruals and contributions | $57,651 |
| Other employee benefits | $207,945 |
| Payroll taxes | $212,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,172 |
| Advertising and promotion | $8,519 |
| Office expenses | $75,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $451,364 |
| Travel | $12,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,693 |
| Insurance | $46,303 |
| All other expenses | $44,188 |
| Total functional expenses | $4,488,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,412 |
| Savings and temporary cash investments | $479,702 |
| 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 | $1,511,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,871,819 |
| Accounts payable and accrued expenses | $113,213 |
| 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 | $242,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,274 |
| Total liabilities | $386,545 |
| Net assets without donor restrictions | $2,485,274 |
| 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 | $2,871,819 |