Los Altos Mountain View Childrens Corner Inc
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Los Altos, CA
- Founding
- 12/1978
- Data as of
- 06/2022
- EIN
- 94-2529102
Organization Overview
Los Altos Mountain View Childrens Corner Inc is located in Los Altos, CA. The organization was established in 1978. 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, Los Altos Mountain View Childrens Corner Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Altos Mountain View Childrens Corner 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 06/2022, Los Altos Mountain View Childrens Corner Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
PROVIDE PRESCHOOL SERVICES TO APPROXIMATELY 200 FAMILIES LIVING OR WORKING IN LOS ALTOS, MOUNTAIN VIEW, AND SURROUNDING COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A DEVELOPMENTALLY APPROPRIATE PRESCHOOL EXPERIENCE FOR CHILDREN TWO YEARS OF AGE THROUGH KINDERGARTEN, WITH FLEXIBLE SCHEDULING OPTIONS FOR THE FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Floyd Executive Dir. | Officer | 40 | $101,730 |
James Kim Ops Manager | 40 | $101,730 | |
Jeannie Richter Co-President | Officer | 2 | $0 |
Grace So Secretary | Officer | 2 | $0 |
Melissa Pak-Wittel Vice President | Officer | 2 | $0 |
Emily Cheng Co-President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| 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 | $25,000 |
| Total Program Service Revenue | $1,155,001 |
| Investment income | $23,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,300,494 |
| 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. | $101,730 |
| Compensation of current officers, directors, key employees. | $101,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,588 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,617 |
| Payroll taxes | $48,982 |
| 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 | $0 |
| Advertising and promotion | $8,773 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,375 |
| Travel | $0 |
| 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 | $16,483 |
| Insurance | $895 |
| All other expenses | $28,345 |
| Total functional expenses | $1,098,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,351 |
| Savings and temporary cash investments | $15,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,191 |
| 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 | $1,208,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $401,072 |
| Total assets | $1,890,523 |
| 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 | $74,098 |
| Total liabilities | $74,098 |
| Net assets without donor restrictions | $1,816,425 |
| 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 | $1,890,523 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Los Altos Mountain View Childrens Corner Inc has recieved totaling $41,220.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $40,907 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Alternatives Turlock, CA | $16,460,273 | $17,191,691 |
Central California Child Development Services Ceres, CA | $5,867,759 | $17,911,125 |
Child Care Coordinating Council Of San Mateo County Inc Redwood City, CA | $6,695,792 | $17,903,623 |
Sjb Child Development Centers San Jose, CA | $5,435,445 | $16,724,123 |
Quality Childrens Services Carlsbad, CA | $6,642,630 | $14,225,799 |
B J Jordan Child Care Programs Inc Sacramento, CA | $3,184,918 | $12,848,102 |
Child Lane Signal Hill, CA | $3,930,326 | $12,699,593 |
Child Development Consortium Of Los Angeles Inc Los Angeles, CA | $4,690,183 | $12,931,725 |
The Resource Connection Of Amador And Calaveras Counties Inc San Andreas, CA | $6,713,065 | $11,772,962 |
California Childrens Academy Los Angeles, CA | $2,968,947 | $10,881,122 |
Santa Barbara Family Care Center Santa Maria, CA | $1,622,293 | $10,784,346 |
The Childrens Collective Inc Los Angeles, CA | $3,341,814 | $9,814,488 |