Parenting Cottage Inc
- Assets
- $1.4m
- Revenue
- $949.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Lubbock, TX
- Founding
- 04/1982
- Data as of
- 12/2023
- EIN
- 75-1806027
Organization Overview
Parenting Cottage Inc is located in Lubbock, TX. The organization was established in 1982. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Parenting Cottage Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parenting Cottage 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 12/2023, Parenting Cottage Inc generated $949.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $866.6k during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 9 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 BUILD A STRONG COMMUNITY BY FIRST BUILDING STRONG FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARENTING COTTAGE PROVIDED A BROAD RANGE OF EDUCATIONAL SERVICES TO FAMILIES IN LUBBOCK COUNTY, INCLUDING THE IMPLEMENTATION OF AN IN HOME VISITATION PROGRAM UTILIZING A NATIONALLY RECOGNIZED CURRICULUM, PARENTS AS TEACHERS, THAT PROVIDES PARENTING EDUCATION, EARLY CHILDHOOD DEVELOPMENT EDUCATION AND TOOLS FOR PARENTS TO MOVE THEIR FAMILY TOWARDS SELF-SUFFICIENCY, INCREASING THE STRENGTH OF THE FAMILY UNIT AND THEIR ABILITY TO SUSTAIN THEIR FAMILY. THE MAJORITY OF FAMILIES SERVED PRESENT WITH MULTIPLE CHALLENGES INCLUDING THE LACK OF BASIC RESOURCES, INCOMES BELOW THE POVERTY LEVEL, LOW EDUCATIONAL ATTAINMENT AND INADEQUATE OR INACCURATE KNOWLEDGE OF EARLY CHILDHOOD DEVELOPMENT. OTHER HIGH RISK FACTORS FOR FAMILY STABILITY INCLUDE FIRST TIME PARENTS, SINGLE PARENTS AND TEEN PARENTS. EVIDENCE BASED EDUCATIONAL PROGRAMS PROVIDED ALMOST 9,000 CLIENT ENCOUNTERS WITH FAMILIES IN 2023. THE PARENTS AS TEACHERS HOME VISITING PROGRAM PROVIDED ALMOST 40% OF THE TOTAL ENCOUNTERS SERVING JUST OVER 200 FAMILIES IMPACTING OVER 400 CHILDREN. GROUP PARENTING EFFORTS FOR PARENTS EXPECTING A BABY AND FOR THOSE ATTEMPTING REUNIFICATION OF THEIR FAMILIES FOLLOWING A LEGAL INTERVENTION BY CHILD PROTECTIVE SERVICES PROVED OVER 650 CLIENT ENCOUNTERS WITH PARENTS IMPACTING AN ADDITIONAL 300 CHILDREN. THE REMAINDER OF THE AGENCY'S EFFORTS WERE DIRECTED TOWARDS THE AGENCY'S CAR ASSISTANCE PROGRAM WHICH WAS ABLE TO RETURN TO SERVICE FOR A PORTION OF THE YEAR FOLLOWING COVID RESTRICTIONS BY SERVING JUST OVER 60 FAMILIES PROVIDING CAR SEATS TO PARENTS UNABLE TO PURCHASE A CAR SEAT FOR THEIR CHILD. EARLY LITERACY EFFORTS TO IMPROVE SCHOOL READINESS ACROSS THE COMMUNITY WERE COMPLETED IN PARTNERSHIP WITH 7 LOCAL LIBRARIES IN LUBBOCK COUNTY WITH PARTICIPATION BY OVER 4,700 PARENTS AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jay Adkins Chairman | Trustee | 2 | $0 |
Dr Kathleen Nichols Director | Trustee | 2 | $0 |
Melissa Hart Treasurer | OfficerTrustee | 2 | $0 |
Tracy Mcalister Secretary | OfficerTrustee | 2 | $0 |
Wm Bill Murray Chairman | Trustee | 2 | $0 |
Jon Mark Bernal Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $134,694 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $656,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,888 |
| Noncash contributions included in lines 1a–1f | $39,303 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $913,919 |
| Total Program Service Revenue | $0 |
| Investment income | $35,920 |
| 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 | $949,839 |
| 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. | $82,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,405 |
| Payroll taxes | $28,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $188,401 |
| 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 | $29,112 |
| Information technology | $7,561 |
| Royalties | $0 |
| Occupancy | $18,225 |
| Travel | $15,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,978 |
| Insurance | $5,835 |
| All other expenses | $0 |
| Total functional expenses | $866,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $803,415 |
| Savings and temporary cash investments | $278,830 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,934 |
| 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 | $17,903 |
| Net Land, buildings, and equipment | $86,045 |
| Investments—publicly traded securities | $6,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,425,112 |
| Accounts payable and accrued expenses | $17,157 |
| 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 | $17,157 |
| Net assets without donor restrictions | $1,367,696 |
| Net assets with donor restrictions | $40,259 |
| 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 | $1,425,112 |