Circle C Child Development Center Inc
- Assets
- $13.4m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 241
- Location
- Austin, TX
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 74-2672326
Organization Overview
Circle C Child Development Center Inc is located in Austin, TX. The organization was established in 1994. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Circle C Child Development Center Inc employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle C 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 12/2022, Circle C Child Development Center Inc generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $6.4m during the year ending 12/2022. While expenses have increased by 10.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO MAXIMIZE EACH CHILDS POTENTIAL BY PROVIDING AN ACTIVE, COLLABORATIVE LEARNING ENVIRONMENT WHERE CHILDREN, FAMILIES AND EDUCATORS BECOME EMPOWERED FOR SOCIAL, EMOTIONAL AND ACADEMIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTERS FACILITIES ON LA CROSSE AVENUE IN AUSTIN, TEXAS SERVE CHILDREN AS YOUNG AS EIGHT WEEKS THROUGH AGE FIVE. THROUGH THE YEARS, THE CENTER HAS DEVELOPED PARTNERSHIPS WITH AUSTIN ISD, RESULTING IN UNIQUE INCLUSION PROGRAMS. THESE PARTNERSHIPS ALSO INCLUDE AFTER SCHOOL ACTIVITIES AND SUMMER CAMPS FOR SCHOOL-AGE CHILDREN AT SURROUNDING ELEMENTARY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Moran Exec Director | Officer | 40 | $169,799 |
Renee Sommers Exec Bus Director | 40 | $131,311 | |
Kate Howard Dir Operations | 40 | $107,038 | |
Warren Faulkner President | OfficerTrustee | 1 | $0 |
Aaron Sotak Treasurer | OfficerTrustee | 1 | $0 |
Randy Glenn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,932,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,939,790 |
| Total Program Service Revenue | $6,185,931 |
| Investment income | $122 |
| 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 | $8,283,432 |
| 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. | $169,799 |
| Compensation of current officers, directors, key employees. | $169,799 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,207,302 |
| Pension plan accruals and contributions | $37,895 |
| Other employee benefits | $115,883 |
| Payroll taxes | $328,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,961 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,762 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $407,210 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,403 |
| Insurance | $55,049 |
| All other expenses | $98,335 |
| Total functional expenses | $6,440,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,880 |
| Savings and temporary cash investments | $1,086,135 |
| Pledges and grants receivable | $1,184,071 |
| 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 | $7,128 |
| Net Land, buildings, and equipment | $4,499,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,408,370 |
| Total assets | $13,350,315 |
| Accounts payable and accrued expenses | $161,934 |
| Grants payable | $0 |
| Deferred revenue | $5,939 |
| 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 | $1,105,315 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,407,729 |
| Total liabilities | $8,680,917 |
| Net assets without donor restrictions | $4,669,398 |
| 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 | $13,350,315 |