Apple Tree Kids
- Assets
- $1.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 80-0627314
Organization Overview
Apple Tree Kids is located in Chesapeake, VA. The organization was established in 2010. 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. Apple Tree Kids 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, Apple Tree Kids generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 4.8% 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
TO PROVIDE A HIGH QUALITY CHRISTIAN EDUCATION AND DAYCARE SERVICES FOR CHILDREN AGES 6 WEEKS TO 12 YEARS. TO MEET THE COMMUNITIES' NEEDS FOR EARLY CHILDHOOD EDUCATION FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HIGH QUALITY CHRISTIAN EDUCATION AND DAYCARE SERVICES
SCHOLARSHIPS PROVIDED TO STUDENTS BASED ON NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi K Riden President/director | OfficerTrustee | 50 | $221,208 |
Christopher Roketenetz Secretary/treasurer | OfficerTrustee | 50 | $0 |
Joyce Hartman Board Member | Trustee | 5 | $0 |
Trace Riden Director Of Maintenance & Facilities | Officer | 50 | $208,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $5,030,538 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,010 |
| Net Gain/Loss on Asset Sales | -$46,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,011,083 |
| 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. | $429,708 |
| Compensation of current officers, directors, key employees. | $429,708 |
| Compensation to disqualified persons | $2,201,139 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $18,168 |
| Other employee benefits | $205,390 |
| Payroll taxes | $147,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,668 |
| Fees for services: Accounting | $58,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $244,110 |
| Office expenses | $89,107 |
| Information technology | $23,282 |
| Royalties | $0 |
| Occupancy | $620,999 |
| Travel | $99,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,288 |
| Insurance | $74,985 |
| All other expenses | $177,554 |
| Total functional expenses | $4,868,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,274 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,384 |
| 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 | $1,525,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,729 |
| Other assets | $16,050 |
| Total assets | $1,939,999 |
| Accounts payable and accrued expenses | $27,799 |
| 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 | $9,500 |
| Secured mortgages and notes payable | $811,891 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $849,190 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,090,809 |
| Total liabilities and net assets/fund balances | $1,939,999 |