Child Care Resources Inc
- Assets
- $12.7m
- Revenue
- $14.1m
- Investments
- $677.8k
- Employees
- 113
- Location
- Charlotte, NC
- Founding
- 03/1982
- Data as of
- 06/2022
- EIN
- 56-1316030
Organization Overview
Child Care Resources Inc is located in Charlotte, NC. The organization was established in 1982. 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 06/2022, Child Care Resources Inc employed 113 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 06/2022, Child Care Resources Inc generated $14.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $13.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 7 years. 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
WORKS TO ENSURE ACCESS TO HIGH QUALITY, AFFORDABLE EARLY LEARNING AND SCHOOL-AGE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1982, CHILD CARE RESOURCES INC. (CCRI) HAS BEEN THE DRIVING FORCE BEHIND CHILD CARE SERVICES FOR FAMILIES ACROSS THE ECONOMIC SPECTRUM IN THE CENTRAL CAROLINAS. BEYOND ITS DIRECT SERVICE AREA, CCRI ALSO PLAYS A CRITICAL ROLE AT THE STATE AND REGIONAL LEVELS BY LEADING SEVERAL KEY STATEWIDE INITIATIVES, SERVING AS ONE OF THREE AGENCIES THAT CO-LEAD THE NC CHILD CARE RESOURCE AND REFERRAL COUNCIL, AND ADVOCATING FOR SYSTEMIC IMPROVEMENTS THROUGH AN ARRAY OF SUPPORTIVE SERVICES FOR YOUNG CHILDREN, THEIR FAMILIES, AND EARLY EDUCATORS AND PROGRAM ADMINISTRATORS. CCRI PROGRAMS: CCRI SERVES CENTRAL CAROLINA FAMILIES OF CHILDREN FROM BIRTH THROUGH FIVE AND FAMILIES OF SCHOOL-AGE CHILDREN SEEKING LICENSED BEFORE AND AFTER SCHOOL CHILD CARE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Gregg Chair | OfficerTrustee | 1 | $0 |
Charles J Harris Immediate Past Chair | OfficerTrustee | 1 | $0 |
Rodney Gaddy Vice Chair | OfficerTrustee | 1 | $0 |
Lindsay Muns Vice Chair | OfficerTrustee | 1 | $0 |
Sarah Motley Stone Secretary | OfficerTrustee | 1 | $0 |
Louis Beasley Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $409,823 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,705,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $501,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,616,006 |
| Total Program Service Revenue | $279,683 |
| Investment income | $130,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,378 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,107,393 |
| 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. | $467,598 |
| Compensation of current officers, directors, key employees. | $52,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,144,678 |
| Pension plan accruals and contributions | $328,413 |
| Other employee benefits | $734,892 |
| Payroll taxes | $342,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $38,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,478 |
| Fees for services: Other | $6,143,342 |
| Advertising and promotion | $0 |
| Office expenses | $183,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $235,801 |
| Travel | $33,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,541 |
| Insurance | $40,565 |
| All other expenses | $0 |
| Total functional expenses | $13,350,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,968,387 |
| Savings and temporary cash investments | $41,610 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,937,752 |
| 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 | $28,200 |
| Net Land, buildings, and equipment | $46,811 |
| Investments—publicly traded securities | $6,963,191 |
| Investments—other securities | $677,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,663,724 |
| Accounts payable and accrued expenses | $2,284,177 |
| Grants payable | $0 |
| Deferred revenue | $22,641 |
| 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 | $2,306,818 |
| Net assets without donor restrictions | $8,201,736 |
| Net assets with donor restrictions | $2,155,170 |
| 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 | $12,663,724 |
Grants Awarded
Over the last fiscal year, Child Care Resources Inc has awarded $45,204,418 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MECKLENBURG COUNTY DEPARTMENT OF SOCIAL SERVICES PURPOSE: financial assistance program - smart start subsidy | $5,075,057 |
CITY OF CHARLOTTE PURPOSE: financial assistance program - child care funding | $818,165 |
STATE OF NORTH CAROLINA PURPOSE: financial assistance program - child and adult care food program | $244,264 |
MECKLENBURG COUNTY PURPOSE: financial assistance program - child care services | $39,066,932 |