Child Development Center Inc
- Assets
- $2.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 30
- Location
- Wilmington, NC
- Founding
- 11/1964
- Data as of
- 06/2022
- 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 06/2022, Child Development Center Inc employed 30 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 06/2022, Child Development Center Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
2022
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 | $59,861 |
Trey Sharpe Vice Chair | OfficerTrustee | 2 | $0 |
Adelaide Mcculloch Secretary | OfficerTrustee | 2 | $0 |
Scott Whisnant Treasurer | OfficerTrustee | 2 | $0 |
Janet Nelson Chair | OfficerTrustee | 2 | $0 |
Angela Mackinnon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,764,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,887,030 |
| Total Program Service Revenue | $59,576 |
| Investment income | $2,325 |
| 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 | $1,948,931 |
| 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. | $67,178 |
| Compensation of current officers, directors, key employees. | $33,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $723,604 |
| Pension plan accruals and contributions | $20,825 |
| Other employee benefits | $125,431 |
| Payroll taxes | $57,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,555 |
| Advertising and promotion | $0 |
| Office expenses | $15,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,103 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,276 |
| Insurance | $27,065 |
| All other expenses | $0 |
| Total functional expenses | $1,241,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $995,799 |
| Savings and temporary cash investments | $502,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,101 |
| 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 | $1,053,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,553,336 |
| Accounts payable and accrued expenses | $39,396 |
| Grants payable | $0 |
| Deferred revenue | $412,084 |
| 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 | $475,612 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $927,092 |
| Net assets without donor restrictions | $1,626,244 |
| 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 | $2,553,336 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Child Development Center Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Landfall Foundation Inc Wilmington, NC PURPOSE: Charitable Support | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Virginia Episcopal School Lynchburg, VA | $42,343,812 | $12,608,124 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
New Community School Richmond, VA | $23,560,942 | $8,465,673 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |