Bright Beginnings Family Childcare Inc
- Assets
- $215.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 41
- Location
- South Bend, IN
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-4132807
Organization Overview
Bright Beginnings Family Childcare Inc is located in South Bend, IN. The organization was established in 2018. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Bright Beginnings Family Childcare Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Beginnings Family Childcare 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 12/2021, Bright Beginnings Family Childcare Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.1% each year . All expenses for the organization totaled $732.4k during the year ending 12/2021. While expenses have increased by 29.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CHILDCARE SERVICES FOR FAMILIES SO THAT PARENTS ARE ABLE TO WORK TO PROVIDE SUBSTANTIVE SUPPORT AND INCOME FOR THEIR CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE CHILDCARE SERVICES TO WORKING PARENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramal Taylor Executive Director | Trustee | 30 | $28,691 |
Erica Lefever Officer | Officer | 5 | $0 |
Edward Lockman Officer | Officer | 5 | $0 |
Tasha Outlaw Officer | Officer | 5 | $0 |
Joan Mcclendon Officer | Officer | 5 | $0 |
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 | $1,070,613 |
| 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 | $1,070,613 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,691 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,256 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,442 |
| Office expenses | $11,279 |
| Information technology | $2,480 |
| Royalties | $0 |
| Occupancy | $191,763 |
| Travel | $24,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $6,127 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,651 |
| All other expenses | $0 |
| Total functional expenses | $732,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,131 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $215,131 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $215,131 |
| 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 | $215,131 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bright Beginnings Family Childcare Inc has recieved totaling $39,642.
| Awarding Organization | Amount |
|---|---|
Early Learning Indiana Inc Indianapolis, IN PURPOSE: CBS GRANT | $24,750 |
Early Learning Indiana Inc Indianapolis, IN PURPOSE: BUILD LEARN GROW GRANT | $14,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Catherine Cook School Chicago, IL | $39,097,853 | $19,163,483 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Chiaravalle Montessori School Evanston, IL | $20,991,628 | $8,509,054 |
Roycemore School Evanston, IL | $12,981,481 | $7,960,339 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |
Wisconsin Montessori Society Inc Milwaukee, WI | $12,863,252 | $6,437,977 |
Parent And Child Together - Pact - For West Central Illinois Beardstown, IL | $590,304 | $4,793,491 |
Community Montessori New Albany, IN | $14,363,085 | $5,763,758 |