Marizetta Kerry Child Development Center Inc
- Assets
- $1.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Charlotte, NC
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 56-2152578
Organization Overview
Marizetta Kerry Child Development Center Inc is located in Charlotte, NC. The organization was established in 2003. 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 12/2021, Marizetta Kerry Child Development Center Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marizetta Kerry 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 12/2021, Marizetta Kerry Child Development Center Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 21.3% per year over the past 7 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 PROVIDE AFFORDABLE HIGHQUALITY CHILDCARE SERVICES THAT DEVELOP THE WHOLE CHILD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HIGH QUALITY AND AFFORDABLE CHILDCARE TO 247 FAMILIES, ESPECIALLY LOW-INCOME FAMILIES.
INTERGENERATIONAL PROGRAMMING WITH CURRICULUM TO PROMOTE INTERACTION BETWEEN GENERATIONS TO FOSTER SOCIAL DEVELOPMENT, EMPATHY AND CROSS-GENERATIONAL SKILL SHARING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shana Spicer CFO | Officer | $0 | |
Clifford Jones Sr Administrator | Trustee | $0 | |
Tenisha Powell Secretary | Trustee | $0 | |
Eddyce Hobson Treasurer | Trustee | $0 | |
James Garvin Board Chairperson | Trustee | $0 | |
Michael Turner Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,421,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,057 |
| Noncash contributions included in lines 1a–1f | $198,057 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,107 |
| Total Program Service Revenue | $729,651 |
| Investment income | $6,533 |
| 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 | $2,399,239 |
| 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. | $143,638 |
| Compensation of current officers, directors, key employees. | $143,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,069,547 |
| Pension plan accruals and contributions | $11,128 |
| Other employee benefits | $131,755 |
| Payroll taxes | $97,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,197 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $6,757 |
| Royalties | $0 |
| Occupancy | $198,057 |
| Travel | $14,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $92,795 |
| Depreciation, depletion, and amortization | $27,104 |
| Insurance | $32,429 |
| All other expenses | $14,638 |
| Total functional expenses | $2,121,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,100 |
| Savings and temporary cash investments | $21,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $459,878 |
| 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 | $13,355 |
| Net Land, buildings, and equipment | $65,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $341,094 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,317,913 |
| Accounts payable and accrued expenses | $9,426 |
| Grants payable | $0 |
| Deferred revenue | $14,022 |
| 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 | $215 |
| Other liabilities | $0 |
| Total liabilities | $23,663 |
| Net assets without donor restrictions | $1,287,044 |
| Net assets with donor restrictions | $7,206 |
| 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 | $1,317,913 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Marizetta Kerry Child Development Center Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
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 |
Community Childcare Food Supplement Inc Savannah, GA | $1,811,584 | $9,216,213 |
Southwestern Child Development Commission Inc Webster, NC | $5,030,316 | $8,632,437 |
Emory Egleston Cdc Employees Child Care Center Inc Atlanta, GA | $4,269,050 | $7,212,681 |
North Carolina 811 Inc Greensboro, NC | $5,590,050 | $6,021,389 |
Higher Horizons Day Care Center Inc Falls Church, VA | $702,778 | $4,937,803 |
Habilitation And Training Services Inc Gallatin, TN | $2,538,366 | $5,452,693 |