Child Development Center Inc
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 29
- Location
- Wilmington, NC
- Founding
- 11/1964
- Data as of
- 06/2023
- EIN
- 56-0796221
Organization Overview
Child Development Center Inc is located in Wilmington, NC. The organization was established in 1964. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Child Development Center Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Child Development 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 06/2023, Child Development Center Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 0.8% 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
THE CHILD DEVELOPMENT CENTER IS A DEVELOPMENTAL DAY CENTER DESIGNED TO BUILD THE INDEPENDENCE OF EXCEPTIONAL CHILDREN THROUGH HIGH-QUALITY EARLY EDUCATION AND THERAPEUTIC SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER IS A DEVELOPMENTAL DAY CENTER DESIGNED SPECIFICALLY TO MEET THE NEEDS OF YOUNG CHILDREN. ITS SERVES SPECIAL NEEDS CHILDREN AGES 2 TO 5 FROM NEW HANOVER, BRUNSWICK AND PENDER COUNTIES OF NORTH CAROLINA. IT AIMS TO BUILD THE INDEPENDENCE OF EXCEPTIONAL CHILDREN THROUGH HIGH-QUALITY EARLY EDUCATION AND THERAPEUTIC SERVICES. ITS CENTER-BASED SETTING PROVIDES A VALUABLE FAMILY SUPPORT SYSTEM. CHILDREN EXPAND AND ENRICH THEIR OVERALL DEVELOPMENT THROUGH INDIVIDUAL EDUCATION PLANS DESIGNED AND IMPLEMENTED IN A COLLABORATIVE ENVIRONMENT OF PARENTS, EDUCATORS, CLINICIANS, THERAPISTS, COUNSELORS AND NUTRITIONISTS. THE CENTER STRIVES TO BE RECOGNIZED AS A LEADER IN PROVIDING TRANSFORMATIVE OPPORTUNITIES FOR PRESCHOOL CHILDREN OF ALL ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Ratliff Executive Dir. | Officer | 40 | $67,815 |
Dr Ashley Wells Chair | OfficerTrustee | 2 | $0 |
Shannon Barham Secretary | OfficerTrustee | 2 | $0 |
Kyle Nutt Treasurer | OfficerTrustee | 2 | $0 |
Nick Rhodes Director | Trustee | 2 | $0 |
Aitza Galarza-Hernandez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,677,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,874,855 |
| Total Program Service Revenue | $73,075 |
| Investment income | $16,418 |
| 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 | $1,964,348 |
| 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. | $70,790 |
| Compensation of current officers, directors, key employees. | $35,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $852,635 |
| Pension plan accruals and contributions | $23,133 |
| Other employee benefits | $136,722 |
| Payroll taxes | $66,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,035 |
| Advertising and promotion | $0 |
| Office expenses | $16,155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,211 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,310 |
| Insurance | $24,441 |
| All other expenses | $0 |
| Total functional expenses | $1,516,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $954,212 |
| Savings and temporary cash investments | $609,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,441 |
| 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 | $1,122,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,693,019 |
| Accounts payable and accrued expenses | $174,788 |
| 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 | $444,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2 |
| Total liabilities | $619,379 |
| Net assets without donor restrictions | $2,073,640 |
| 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 | $2,693,019 |