Child Care Resources Inc
- Assets
- $3.0m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Richmond, VA
- Founding
- 12/1993
- Data as of
- 09/2021
- EIN
- 54-1647608
Organization Overview
Child Care Resources Inc is located in Richmond, VA. The organization was established in 1993. 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 09/2021, Child Care Resources Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Child Care Resources 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 09/2021, Child Care Resources Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $10.3m during the year ending 09/2021. While expenses have increased by 19.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE ACCESS TO NUTRITIOUS MEALS AND NUTRITION EDUCATION TO LOWER INCOME CHILDREN AND ADULTS THOUGH INNOVATIVE SERVICE DELIVERY METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE RESOURCES IS A SPONSORING ORGANIZATION FOR THE USDA CHILD AND ADULT CARE FOOD PROGRAM, AT-RISK AFTERSCHOOL MEAL PROGRAM, SUMMER FOOD SERVICE PROGRAM, AND EMERGENCY FEEDING PROGRAM. FOR 2020-2021, CHILD CARE RESOURCES WORKED WITH 726 CHILD CARE CENTERS, AFTERSCHOOL PROGRAMS, COMMUNITY CENTERS, HEAD START PROGRAMS, AND ADULT DAYCARES TO FEED CHILDREN AND SENIOR ADULTS PRIMARILY FROM LOW INCOME AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Goff CEO | OfficerTrustee | 40 | $211,452 |
Scott A Hubbard Operations D | 40 | $110,306 | |
Thomas Saunders Operations D | 40 | $102,432 | |
Vince Linthicum President | Officer | 5 | $0 |
Dr John Booth Secretary | Officer | 5 | $0 |
Kiran Mehra Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,063 |
| Total Program Service Revenue | $10,934,387 |
| Investment income | $504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,145 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,141,593 |
| 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. | $205,000 |
| Compensation of current officers, directors, key employees. | $41,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $640,459 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,952 |
| Payroll taxes | $61,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,024 |
| Advertising and promotion | $80 |
| Office expenses | $18,187 |
| Information technology | $121,575 |
| Royalties | $0 |
| Occupancy | $75,594 |
| Travel | $15,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $803 |
| Interest | $4,624 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,096 |
| Insurance | $4,929 |
| All other expenses | $0 |
| Total functional expenses | $10,327,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $854,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,154,968 |
| 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 | $1,516 |
| Prepaid expenses and deferred charges | $144 |
| Net Land, buildings, and equipment | $18,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,029,926 |
| Accounts payable and accrued expenses | $1,785,132 |
| Grants payable | $0 |
| Deferred revenue | $113,226 |
| 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 | $1,898,358 |
| Net assets without donor restrictions | $0 |
| 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 | $1,131,568 |
| Total liabilities and net assets/fund balances | $3,029,926 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Child Care Resources Inc has recieved totaling $1,015.
| Awarding Organization | Amount |
|---|---|
Lynch Family Foundation West Hartford, CT PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Care Services Association Chapel Hill, NC | $9,435,676 | $35,180,731 |
Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Children And Families First Greensboro, NC | $16,601,119 | $28,435,944 |
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Georgetown Hill Child Care Center Inc Montgomery Village, MD | $9,950,402 | $20,593,536 |
Centronia Washington, DC | $17,606,173 | $16,952,822 |
Child Care Resources Inc Charlotte, NC | $14,134,148 | $14,856,531 |
The Childrens Center Franklin, VA | $3,548,502 | $14,069,816 |
Campagna Center Inc Alexandria, VA | $7,278,188 | $13,190,790 |
Child Care Resources Inc Richmond, VA | $3,029,926 | $11,141,593 |
Positively Living Inc Knoxville, TN | $4,436,601 | $10,571,861 |