First Step Day Care Inc
- Assets
- $306.1k
- Revenue
- $549.0k
- Investments
- $0.0
- Employees
- 25
- Location
- Watertown, NY
- Founding
- 01/1992
- Data as of
- 08/2023
- EIN
- 16-1378934
Organization Overview
First Step Day Care Inc is located in Watertown, NY. The organization was established in 1992. 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 08/2023, First Step Day Care Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Step Day Care 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 08/2023, First Step Day Care Inc generated $549.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $548.6k during the year ending 08/2023. While expenses have increased by 6.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SAFE, STIMULATING ENVIRONMENT FOR CHILDREN IN A DAY CARE SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DAY CARE SERVICES AND MAINTENANCE TO CHILDREN FIVE DAYS PER WEEK INCLUDING EDUCATIONAL AND RECREATIONAL ACTIVITIES, MEALS AND SNACKS FOR APPROXIMATELY 35 TO 39 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Lynn Florentino Secretary | OfficerTrustee | 0.5 | $0 |
Alana Hatzis Director | Trustee | 0.25 | $0 |
Karrie Mccullough President | OfficerTrustee | 0.5 | $0 |
Lindsey Myers Director | Trustee | 0.25 | $0 |
Millicent Nowak Director | Trustee | 0.25 | $0 |
Sean Ryan Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,044 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,624 |
| Noncash contributions included in lines 1a–1f | $54,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,668 |
| Total Program Service Revenue | $415,570 |
| Investment income | $2,655 |
| 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 | $548,962 |
| 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 | $350,308 |
| Pension plan accruals and contributions | $3,428 |
| Other employee benefits | $0 |
| Payroll taxes | $34,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,840 |
| Advertising and promotion | $1,212 |
| Office expenses | $3,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,060 |
| 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 | $5,858 |
| Insurance | $16,887 |
| All other expenses | $8,768 |
| Total functional expenses | $548,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,588 |
| Savings and temporary cash investments | $187,340 |
| Pledges and grants receivable | $44,300 |
| Accounts receivable, net | $20,416 |
| 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 | $2,473 |
| Net Land, buildings, and equipment | $19,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,101 |
| Accounts payable and accrued expenses | $6,228 |
| Grants payable | $0 |
| Deferred revenue | $5,230 |
| 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 | $4,408 |
| Total liabilities | $15,866 |
| Net assets without donor restrictions | $290,235 |
| 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 | $306,101 |