Kings And Queens Day Care Center Inc A New Non-Profit Tenn Corp
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Memphis, TN
- Founding
- 06/1994
- Data as of
- 03/2023
- EIN
- 62-1531871
Organization Overview
Kings And Queens Day Care Center Inc A New Non-Profit Tenn Corp is located in Memphis, TN. The organization was established in 1994. 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 03/2023, Kings And Queens Day Care Center Inc A New Non-Profit Tenn Corp employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings And Queens Day Care Center Inc A New Non-Profit Tenn Corp 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 03/2023, Kings And Queens Day Care Center Inc A New Non-Profit Tenn Corp generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $952.7k during the year ending 03/2023. While expenses have increased by 10.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DAYCARE ASSISTANCE AND PRE K FOR LOW INCOME WORKING PARENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DAYCARE TEACHES AND CARES FOR APPROXIMATELY 171 CHILDREN FROM 6 WEEKS TO 12 YEARS OF AGE FROM 6 AM TO 6 PM 5 DAYS A WEEK. THERE IS A TOTAL OF 18 TEACHERS AND ASSISTANTS AT A TIME. THE CENTER ACTIVITIES EXPENSE INCLUDE FOOD FOR THREE DAILY MEALS, EDUCATIONAL SUPPLIES, RENTAL OF EQUIPMENT, AND FIELD TRIPS FOR THE CHILDREN. THERE ARE BUSES AVAILABLE FOR TRANSPORTING CHILDREN.THERE IS ALSO A PROGRAM THAT OFFERS PRE KINDERGARTEN FOR SHELBY COUNTY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Williams Presidentdirector | OfficerTrustee | 60 | $130,000 |
Shirley Myers Sectreas | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,226,247 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,226,247 |
| Total Program Service Revenue | $296,150 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,522,397 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $130,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,679 |
| Fees for services: Management | $4,000 |
| Fees for services: Legal | $1,017 |
| Fees for services: Accounting | $5,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,256 |
| Advertising and promotion | $670 |
| Office expenses | $30,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,925 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,650 |
| Insurance | $16,820 |
| All other expenses | $5,254 |
| Total functional expenses | $952,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835,714 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,730 |
| 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 | $396,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,234,942 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,628 |
| Other liabilities | $0 |
| Total liabilities | $3,628 |
| Net assets without donor restrictions | $1,231,314 |
| 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 | $1,234,942 |