Weaver Child Development Center Inc
- Assets
- $681.3k
- Revenue
- $739.0k
- Investments
- $0.0
- Employees
- 20
- Location
- Canton, OH
- Founding
- 08/2014
- Data as of
- 06/2024
- EIN
- 90-0913733
Organization Overview
Weaver Child Development Center Inc is located in Canton, OH. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Weaver Child Development Center Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weaver Child Development Center 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, Weaver Child Development Center Inc generated $739.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $659.5k during the year ending 06/2024. While expenses have increased by 12.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION PROGRAMS FOR TODDLERS THROUGH 5TH GRADE; ENROLLING 84 STUDENTS AND 14 STAFF
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY LEARNING PRESCHOOL - FIFTH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Stoffer Exec Director/vice President | Officer | 40 | $72,921 |
Doctor Jarrod Tudor President | Officer | 4 | $0 |
Michael Stoffer Treasurer Secretary | Officer | 4 | $0 |
Dr David Brobeck Board Member | Trustee | 1 | $0 |
Lloyd Morton Board Member | Trustee | 1 | $0 |
Dominic Farolino Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $250 |
| Related organizations | $0 |
| Government grants | $34,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,952 |
| Total Program Service Revenue | $626,025 |
| Investment income | $15,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $739,049 |
| 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. | $72,365 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,250 |
| Fees for services: Management | $1,226 |
| Fees for services: Legal | $4,597 |
| Fees for services: Accounting | $5,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $625 |
| Fees for services: Other | $4,665 |
| Advertising and promotion | $428 |
| Office expenses | $3,523 |
| Information technology | $15,366 |
| Royalties | $0 |
| Occupancy | $38,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,493 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,681 |
| Insurance | $11,702 |
| All other expenses | $2,438 |
| Total functional expenses | $659,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,520 |
| Savings and temporary cash investments | $292,349 |
| 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 | $112,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $681,319 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $28,688 |
| 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 | $3,514 |
| Total liabilities | $32,202 |
| 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 | $649,117 |
| Total liabilities and net assets/fund balances | $681,319 |