Ocean Avenue Child Development Preschool Center Inc
- Assets
- $1.0m
- Revenue
- $359.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Jersey City, NJ
- Founding
- 02/2001
- Data as of
- 12/2020
- EIN
- 22-3747998
Organization Overview
Ocean Avenue Child Development Preschool Center Inc is located in Jersey City, NJ. The organization was established in 2001. 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 12/2020, Ocean Avenue Child Development Preschool Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Avenue Child Development Preschool 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 12/2020, Ocean Avenue Child Development Preschool Center Inc generated $359.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $347.2k during the year ending 12/2020. While expenses have increased by 12.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEALS AND EARLY CHILDHOOD EDUCATION TO CHILDREN FROM LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYCARE AND FOOD PROGRAM EXPENSES SUPPORTED BY FOOD PROGRAM REVENUE AND RENTAL AND OTHER REVENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Breelyn Mcdowel Treasurer/trustee | 40 | $86,280 | |
Carol Gilliard Executive Dir. | OfficerTrustee | 5 | $0 |
Andrea Walker Trustee | Trustee | 2 | $0 |
Robert DE Veaux Treasurer | Trustee | 2 | $0 |
Brenda Mcrae Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $279,634 |
| Investment income | $418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,200 |
| 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 | $359,252 |
| 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. | $86,280 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$1,020 |
| Payroll taxes | $7,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,610 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $238 |
| Advertising and promotion | $12,284 |
| Office expenses | $5,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,124 |
| 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 | $33,205 |
| Insurance | $14,016 |
| All other expenses | $10,674 |
| Total functional expenses | $347,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,820 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,563 |
| 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 | $2,337 |
| Net Land, buildings, and equipment | $457,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,967 |
| Total assets | $1,044,859 |
| Accounts payable and accrued expenses | $16,500 |
| 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 | $6,888 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,388 |
| Net assets without donor restrictions | $1,021,471 |
| 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 | $1,044,859 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocean Avenue Child Development Preschool Center Inc has recieved totaling $29,086.
| Awarding Organization | Amount |
|---|---|
Reinvestment Fund Inc Philadelphia, PA PURPOSE: PROVIDES GRANT FUNDING TO PROGRAMS AIMING TO INCREASE THE NUMBER OF LOW-INCOME CHILDREN RECEIVING MEALS IN CHILDCARE AND COMMUNITY-BASED SETTINGS | $29,086 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Crown Heights Educational Centers Inc Brooklyn, NY | $13,044,302 | $39,783,189 |
Butler County Childrens Center Inc Butler, PA | $4,755,863 | $35,804,322 |
Northeast Parent And Child Society Inc Albany, NY | $28,822,787 | $39,619,614 |
Day Care Council Of New York Inc New York, NY | $9,552,378 | $29,439,995 |
Local 1199 Employer Child Care Fund New York, NY | $9,599,746 | $26,390,532 |
Child Development Centers Inc Erie, PA | $22,860,787 | $26,993,736 |
All My Children Day Care And Nursery School Jamaica Estates, NY | $13,560,786 | $26,442,381 |
Bradford Child Care Services Inc Bridgeville, PA | $6,738,908 | $20,770,769 |
Child Development And Family Council Of Centre County State College, PA | $3,508,640 | $21,304,471 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |
United Bronx Parents Inc Bronx, NY | $29,568,734 | $11,638,478 |