Latchkey Child Services Inc
- Assets
- $1.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 97
- Location
- Oklahoma City, OK
- Founding
- 03/1993
- Data as of
- 06/2022
- EIN
- 73-1400064
Organization Overview
Latchkey Child Services Inc is located in Oklahoma City, OK. The organization was established in 1993. 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, Latchkey Child Services Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latchkey Child Services 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, Latchkey Child Services Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 46.9% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 13.5% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING BEFORE/AFTER SCHOOL CARE FOR "LATCHKEY" CHILDREN. THE SERVICE IS PROVIDED IN THE CHILD ELEMENTARY SCHOOL. PRIOR TO COVID, OVER 1000 STUDENTS BENEFITED FROM THESE SERVICES ANNUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LATCHKEY CHILD SERVICES, INC. PROVIDES BEFORE/AFTER SCHOOL PROGRAMS TO CARE FOR CHILDREN THAT MIGHT OTHERWISE BE LEFT HOME ALONE. THESE SERVICES ARE PROVIDED IN THE CHILD'S ELEMENTARY SCHOOL. WE PROVIDE AGE APPROPRIATE ACTVITIES FOR THE CHILD AND PROVIDE A SAFE, FUN, ORGANIZED AND NUTURING ENVIRONMENT FOR THE CHILDREN, WE FOCUS ON THIS AND ONLY THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charley Cohn CEO | Officer | 40 | $236,769 |
Linda Cohn President | OfficerTrustee | 40 | $210,000 |
Irving Cohn Vice-President | OfficerTrustee | 40 | $154,000 |
Corrie Hankins Operations Manager | Officer | 40 | $70,714 |
Rosanna Reynolds Director Of Operations | Officer | 40 | $68,185 |
Heather Wade Accounts Manager | Officer | 40 | $49,362 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,709 |
| 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 | $3,543,041 |
| Statement of Expenses | |
|---|---|
| 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. | $789,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,160 |
| Pension plan accruals and contributions | $30,485 |
| Other employee benefits | $43,900 |
| Payroll taxes | $128,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $97,401 |
| Information technology | $17,072 |
| Royalties | $0 |
| Occupancy | $117,925 |
| Travel | $21,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,297 |
| Interest | $1,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,300 |
| Insurance | $26,934 |
| All other expenses | $0 |
| Total functional expenses | $1,938,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $988,272 |
| 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 | $19,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,017,710 |
| Accounts payable and accrued expenses | $5,072 |
| 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 | $0 |
| Total liabilities | $5,072 |
| Net assets without donor restrictions | $1,012,638 |
| 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 |
| Total liabilities and net assets/fund balances | $1,012,638 |