Candelen
- Assets
- $11.7m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 106
- Location
- Phoenix, AZ
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 86-0332919
Organization Overview
Candelen is located in Phoenix, AZ. The organization was established in 1977. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Candelen employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Candelen 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 06/2022, Candelen generated $11.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $10.2m during the year ending 06/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVICES TO CHILD CARE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST THINGS FIRST FUNDED PROGRAMS: ASSISTS IN TRAINING AND EDUCATION OF PROVIDERS AND AWARDS GRANTS FOR QUALITY IMPROVEMENTS.
NINOS EN MI CASA: ASSISTS LOW TO MODERATE INCOME FAMILIES TO BECOME CERTIFIED CHILD CARE HOME PROVIDERS.
OTHER PROGRAMS: PROVIDES FIRST AID, INFANT/CHILD CPR, NUTRITION, AND APPROPRIATE ACTIVITIES AND WORKSHOPS FOR CHILD CARE PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Newhouse Former CEO | Officer | 1 | $200,000 |
Bismark Annor Vice Preside | OfficerTrustee | 1 | $110,000 |
Anaiis Ballesteros Director | Trustee | 1 | $0 |
Dana Cretu Treasurer | OfficerTrustee | 1 | $0 |
Aaron Dock Director | Trustee | 1 | $0 |
Rebecca Gau Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,490,016 |
| 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 | $11,490,016 |
| Total Program Service Revenue | $87,672 |
| Investment income | -$201,749 |
| 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 | $11,375,939 |
| 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. | $310,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,867,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $692,378 |
| Payroll taxes | $292,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,883 |
| Advertising and promotion | $708 |
| Office expenses | $3,828,692 |
| Information technology | $168,146 |
| Royalties | $0 |
| Occupancy | $325,397 |
| Travel | $145,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,766 |
| Interest | $51,951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,656 |
| Insurance | $60,494 |
| All other expenses | $0 |
| Total functional expenses | $10,182,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,039,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,517,685 |
| 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 | $140,291 |
| Net Land, buildings, and equipment | $2,470,409 |
| Investments—publicly traded securities | $1,579,358 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,119 |
| Total assets | $11,749,476 |
| Accounts payable and accrued expenses | $719,125 |
| Grants payable | $0 |
| Deferred revenue | $835,627 |
| 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 | $1,806,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,995 |
| Total liabilities | $3,389,025 |
| Net assets without donor restrictions | $7,523,812 |
| Net assets with donor restrictions | $836,639 |
| 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 | $11,749,476 |