Open Arms Child Development Center
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $26.9k
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 02/2005
- Data as of
- 06/2022
- EIN
- 92-0169557
Organization Overview
Open Arms Child Development Center is located in Fairbanks, AK. The organization was established in 2005. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Arms Child Development Center 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, Open Arms Child Development Center generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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 EARLY CHILDHOOD CARE AND DEVELOPMENTALLY APPROPRIATE EDUCATION FOR CHILDREN AGES 6 WEEKS TO 12 YEARS OF AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN ARMS ACCREDITED PROGRAM OF CHILDCARE AND EARLY CHILDHOOD EDUCATION INCLUDES TEACHING, STORYTELLING, SHARING, MUSIC, PLAYING AND CHAPEL, IN A NURTURING ENVIRONMENT. OPEN ARMS OFFERS YEAR-ROUND CARE FOR INFANTS SIX WEEKS OLD THROUGH FIVE YEARS OLD, AN AFTER SCHOOL PROGRAM, AND A FULL DAY SUMMER PROGRAM FOR UP TO SIXTH GRADE. OPEN ARMS PROVIDES CARE FOR OVER 200 CHILDREN, DAILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Gross Treasurer | OfficerTrustee | 2 | $0 |
Sherry Young President | OfficerTrustee | 2 | $0 |
Cindy Helms Vice President | OfficerTrustee | 2 | $0 |
Tammi Weaver Secretary | OfficerTrustee | 1 | $0 |
Erin Matray Director | Trustee | 1 | $0 |
Janice Witt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $400,006 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,494 |
| Total Program Service Revenue | $1,609,108 |
| 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 | $2,017,744 |
| 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. | $81,193 |
| Compensation of current officers, directors, key employees. | $40,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,099,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $170,716 |
| Payroll taxes | $87,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,829 |
| Fees for services: Accounting | $1,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,800 |
| Advertising and promotion | $794 |
| Office expenses | $10,993 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,259 |
| Travel | $15,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,218 |
| Insurance | $15,593 |
| All other expenses | $11,714 |
| Total functional expenses | $2,061,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,086,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,477 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,981 |
| Prepaid expenses and deferred charges | $1,312 |
| Net Land, buildings, and equipment | $126,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,931 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,330,860 |
| Accounts payable and accrued expenses | $88,635 |
| Grants payable | $0 |
| Deferred revenue | $20,527 |
| 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 | $109,162 |
| Net assets without donor restrictions | $1,194,767 |
| Net assets with donor restrictions | $26,931 |
| 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 | $1,330,860 |