Downtown Hampton Child Care Council Inc, operating under the name Peake Childhood Center, is located in Hamton, VA. The organization was established in 1972. 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 06/2023, Peake Childhood Center employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peake Childhood 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 06/2023, Peake Childhood Center generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 2.2% 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
TO NURTURE YOUNG CHILDREN BY PROVIDING AFFORDABLE, QUALITY PRESCHOOL PROGRAMS THAT DEVELOP THE WHOLE CHILD AND FOSTER SCHOOL READINESS. CONTINUED ON SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEAKE CHILDHOOD CENTER HAS TRANSFORMED THE LIVES OF COUNTLESS CHILDREN AND FAMILIES ON THE PENINSULA FOR MORE THAN 52 YEARS WITH THE SUPPORT OF THE CITY OF HAMPTON. PEAKE FOCUSES ON THE WHOLE CHILD AND PROVIDES LEARNING EXPERIENCES THROUGH MUSIC AND PLAY, ENHANCING THEIR SOCIAL-EMOTIONAL SKILLS. OUR DEVOTED TEACHERS USE RESEARCH-BASED CURRICULA, GROUNDED IN LITERACY AND NUMERACY, WHILE COMMITTED TO THE VIRGINIA QUALITY ASSESSMENTS. THESE ASSESSMENTS ENABLE EVERYONE AT PEAKE TO HOLD THEMSELVES ACCOUNTABLE TO THE MISSION OF PROVIDING A QUALITY, AFFORDABLE PROGRAM THAT ENSURES THE CHILDREN ARE READY FOR SCHOOL WHEN THEY LEAVE. PEAKE ADDRESSES THE AFFORDABILITY ISSUE BY QUALIFYING FOR VIRGINIA'S CHILDCARE SUBSIDY PROGRAM AND THE MIXED DELIVERY GRANT. (CONTINUED ON SCHEDULE O)
PEAKE ALSO PROVIDES SUPPORT TO 100% OF THE FAMILIES WHOSE CHILDREN ATTEND THE CENTER AS THE CENTER PROVIDES THE SERVICES NEEDED TO ENSURE PARENTS CAN REMAIN IN THE WORKFORCE. TRAINING THAT IS PROVIDED ENABLES PARENTS TO SUPPORT THEIR CHILDREN'S LEARNING AT HOME. FAMILIES CAN ALSO ATTEND FINANCIAL LITERACY SESSIONS AS WELL AS HEALTH RELATED ONES THAT WILL HELP TO ENSURE THE FAMILY IS SUCCESSFUL. IT SHOULD BE NOTED THAT AT LEAST 75% OF THE CHILDREN LIVE BELOW THE FEDERAL POVERTY LINE.
THROUGH A NEW PARTNERSHIP WITH THE CITY OF NEWPORT NEWS AND VIRGINIA PENINSULA COMMUNITY COLLEGE (VPCC), PEAKE WILL OPEN A SECOND CENTER IN A STATE-OF-THE-ART BUILDING BUILT BY THE CITY, LOCATED IN SOUTHEAST NEWPORT NEWS THAT WILL SERVE 200 CHILDREN AND DOUBLE THE NUMBER OF CHILDREN SERVED IN HAMPTON. THIS AMBITIOUS UNDERTAKING IS THE KEY TO ENSURING A GREATER OPPORTUNITY FOR MORE CHILDREN AND FAMILIES TO BENEFIT FROM A HIGH-QUALITY, EARLY CHILDHOOD EDUCATION IN HAMPTON AND NEWPORT NEWS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer B Parish Exec Directo | Officer | 40 | $82,399 |
Gary Artybridge Director | Trustee | 1 | $0 |
Carlton Ashby Director | Trustee | 1 | $0 |
Samantha Bass Director | Trustee | 1 | $0 |
Suzanne M Beckstoffer Vice Pres | OfficerTrustee | 5 | $0 |
Vivian Blake Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $125,265 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $854,032 |
All other contributions, gifts, grants, and similar amounts not included above | $65,649 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,044,946 |
Total Program Service Revenue | $408,356 |
Investment income | $1,293 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $635,887 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,092,471 |
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. | $89,379 |
Compensation of current officers, directors, key employees. | $8,938 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $889,743 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $81,262 |
Payroll taxes | $74,395 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,466 |
Fees for services: Accounting | $21,233 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $30,700 |
Advertising and promotion | $0 |
Office expenses | $11,796 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $94,812 |
Travel | $3,439 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $273 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $37,214 |
Insurance | $24,558 |
All other expenses | $58,105 |
Total functional expenses | $1,618,104 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $400 |
Savings and temporary cash investments | $1,846,080 |
Pledges and grants receivable | $832,874 |
Accounts receivable, net | $27,973 |
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 | $3,916 |
Net Land, buildings, and equipment | $116,094 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $218,999 |
Total assets | $3,046,336 |
Accounts payable and accrued expenses | $13,143 |
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 | $13,143 |
Net assets without donor restrictions | $2,635,614 |
Net assets with donor restrictions | $397,579 |
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 | $3,046,336 |