Sacred Heart Of Jesus Daycare-Preschool-Kindergarten Inc
- Assets
- $386.6k
- Revenue
- $327.1k
- Investments
- $0.0
- Employees
- 8
- Location
- North Haven, CT
- Founding
- 08/2018
- Data as of
- 06/2024
- EIN
- 83-0583662
Organization Overview
Sacred Heart Of Jesus Daycare-Preschool-Kindergarten Inc is located in North Haven, CT. 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 06/2024, Sacred Heart Of Jesus Daycare-Preschool-Kindergarten Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacred Heart Of Jesus Daycare-Preschool-Kindergarten 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 06/2024, Sacred Heart Of Jesus Daycare-Preschool-Kindergarten Inc generated $327.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $245.7k during the year ending 06/2024. While expenses have increased by 19.5% per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO OPERATE A LICENSED, PRIVATE DAYCARE,PRESCHOOL AND KINDERGARTEN OPERATED BY THE SISTERS OF THE SACRED HEART OF JESUS OF REGUSA TO PROMOTE CHRISTIAN MORAL AND SOCIAL VALUES FOR CHILDREN AGES 2 TO 6.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIVATE DAYCARE, PRESCHOOL, AND KINDERGARTEN FOR CHILDREN AGES 2 TO 6 FOR APPROX 40 CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Chinazo Okoro President | Officer | 40 | $0 |
Sister Jacinta A Ibe Treasurer/trustee | OfficerTrustee | 40 | $0 |
Sister Mary T Oloko Secretary | Officer | 40 | $0 |
Paul A Caiafa Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $600 |
| Related organizations | $0 |
| Government grants | $17,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,136 |
| Total Program Service Revenue | $302,986 |
| Investment income | $2,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $843 |
| Net Income from Fundraising Events | -$31 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,130 |
| 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 | $63,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,020 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $430 |
| Advertising and promotion | $3,872 |
| Office expenses | $15,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,521 |
| Travel | $163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,674 |
| Insurance | $15,886 |
| All other expenses | $1,847 |
| Total functional expenses | $245,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,729 |
| Savings and temporary cash investments | $207,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,525 |
| 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 | $22,536 |
| Investments—publicly traded securities | $100,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $386,587 |
| Accounts payable and accrued expenses | $877 |
| 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 | $877 |
| 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 | $385,710 |
| Total liabilities and net assets/fund balances | $386,587 |