Loretto Child Care Center Inc
- Assets
- $108.5k
- Revenue
- $204.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Loretto, KY
- Founding
- 10/1998
- Data as of
- 12/2020
- EIN
- 61-1322144
Organization Overview
Loretto Child Care Center Inc is located in Loretto, KY. The organization was established in 1998. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loretto Child Care 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 12/2020, Loretto Child Care Center Inc generated $204.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $180.7k during the year ending 12/2020. While expenses have increased by 0.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT CHILDCARE PROGRAM SERVING CHILDREN 6 WKS-12 YRS OLD. 24 HOUR SERVICE(IF NEEDED). DEVELOPMENTAL PROGRAM MEETING NEEDS OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT CHILDCARE PROGRAM SERVING CHILDREN 6 WKS-12 YRS OLD. 24 HOUR SERVICE(IF NEEDED). DEVELOPMENTAL PROGRAM MEETING NEEDS OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Brady Director | Trustee | 1 | $29,773 |
Robert Alan Mattingly Treasurer | OfficerTrustee | 0 | $0 |
Sr Pauline Albin Secretary | OfficerTrustee | 0 | $0 |
Connie Mattingly Director | Trustee | 0 | $0 |
Jill Despain Director | Trustee | 0 | $0 |
Jessica Miles Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,039 |
| Total Program Service Revenue | $132,848 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,669 |
| 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. | $29,773 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $460 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $938 |
| Royalties | $0 |
| Occupancy | $28,875 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $446 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,019 |
| Insurance | $4,397 |
| All other expenses | $550 |
| Total functional expenses | $180,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $31,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,470 |
| Accounts payable and accrued expenses | $3,627 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,504 |
| Total liabilities | $32,131 |
| Net assets without donor restrictions | $0 |
| 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 | $68,053 |
| Retained earnings, endowment, accumulated income, or other funds | $8,286 |
| Total liabilities and net assets/fund balances | $108,470 |
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|---|---|---|
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Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Child Development Council Of Franklin County Columbus, OH | $14,978,695 | $30,319,189 |
Baby Fold Normal, IL | $27,364,116 | $17,486,637 |
Day Care Resources Inc Tremont, IL | $2,117,943 | $17,941,943 |
Centers For New Horizons Inc Chicago, IL | $7,305,979 | $16,275,139 |
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Sal Family And Community Services Moline, IL | $8,918,922 | $19,104,520 |
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