Open Arms Lutheran Child Development Center
- Assets
- $201.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Alpharetta, GA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 58-2021623
Organization Overview
Open Arms Lutheran Child Development Center is located in Alpharetta, GA. The organization was established in 2020. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Arms Lutheran Child Development Center 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, Open Arms Lutheran Child Development Center generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A DAYCARE CENTER BY PROVIDING CHILDCARE SERVICES TO FAMILIES WITHIN THE CHURCH'S FACILITIES. THE ORGANIZATION OFFERS AN INFANT PROGRAM, PRE-SCHOOL PROGRAM, PRE-KINDERGARTEN PROGRAM AND A BEFORE AND AFTER-SCHOOL PROGRAM BASED ON THE CHILDREN'S AGE AND PROCESS THROUGH THE PROGRAMS. THE PROGRAM CURRICULUM CONCENTRATES ON THE DEVELOPMENT OF THE CHILDREN'S SKILL IN READING, MATHEMATICS, SCIENCE, ART AND OTHER EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bowler Executive Director | 40 | $55,385 | |
Kisha Torres Manager | 40 | $40,807 | |
Aileen Redmon Member At Large | 1 | $0 | |
Susan Vitale Member At Large | 1 | $0 | |
Lauren Prill President | 1 | $0 | |
Vicki Lane Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $184,688 |
| Interest on Savings | $0 |
| Dividends & Interest | $6 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $958,552 |
| Total Revenue | $1,143,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,192 |
| Other employee salaries and wages | $610,744 |
| Pension plans, employee benefits | $62,065 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $7,199 |
| Occupancy | $84,671 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190,212 |
| Total operating and administrative expenses | $1,078,077 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,078,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,383 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,767 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,315 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $26,193 |
| Other assets | $0 |
| Total assets | $201,658 |
| Accounts payable and accrued expenses | $16,572 |
| Grants payable | $0 |
| Deferred revenue | $7,019 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $615 |
| Total liabilities | $24,206 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Arms Lutheran Child Development Center has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Jacksonville Country Day School Jacksonville, FL | $17,414,730 | $8,804,940 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |