AROUND THE KORNER CHILD CARE dba
- Assets
- $39.7k
- Revenue
- $857.8k
- Investments
- $0.0
- Employees
- 37
- Location
- Pacoima, CA
- Founding
- Data as of
- 06/2018
- EIN
- 27-0930585
Organization Overview
AROUND THE KORNER CHILD CARE dba, operating under the name Van Nuys Civic Child Development Center, is located in Pacoima, CA. As of 06/2018, Van Nuys Civic Child Development Center employed 37 individuals. Van Nuys Civic 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 06/2018, Van Nuys Civic Child Development Center generated $857.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $909.2k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE AND AFFORDABLE QUALITY CHILD CARE FOR PRESCHOOL CHILDREN OF EMPLOYEES OF THE CITY & COUNTY OF LOS ANGELES, AND TO THE GENERAL COMMUNITY IN ORDER TO
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM WAGES, EMPLOYERS TAXES, HEALTH INSURANCE BENEFITS AND WORKERS COMP FOR DIRECTOR, SITE SUPERVISOR, TEACHERS AND TEACHING ASSISTANTS. PRINCIPAL PURPOSE OF ORGANIZATION IS CHILD CARE, SO THIS IS THE PRIMARY COST. REVENUE IS FROM CONTRACT WITH LOS ANGELES UNIFIED SCHOOL DISTRICT FOR PRESCHOOL CHILD CARE, CALIF STATE CHILD CARE RESOURCES AND PRIVATE FEES AT REDUCED COST TO L.A. CITY/COUNTY EMPLOYEES.
OTHER PROGRAM EXPENSES NECESSARY TO PROVIDE CHILDCARE AND EDUCATIONAL SERVICES FOR THE CHILDREN. INCLUDES FOOD, SUPPLIES, FIELD TRIP COSTS, STUDENT INSURANCE, PRINTING COSTS OF EDUCATIONAL MATERIAL AND REQUIRED EDUCATIONAL LICENSES. INCOME CONSISTS OF FEDERAL REIMBURSEMENT OF FOOD COSTS FOR CHILDREN AND PARENT FEES PAID FOR LUNCHES ON THOSE NOT QUALIFIED FOR THE FOOD PROGRAM.
COST OF OCCUPANCY, INCLUDES MAINTENANCE OF FACILITIES, UTILITIES, AND TELEPHONES. REVENUE IS FROM REIMBURSEMENT OF THESE EXPENSES BY LOS ANGELES COUNTY, OWNER OF THE PROPERTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Magallanes Vice President | Officer | 40 | $28,925 |
Cynthia Riding President | Officer | 5 | $15,967 |
Angela Gallegos Director | OfficerTrustee | 0 | $0 |
Shannon Cole Secretary | Officer | 2 | $0 |
Stacey Martinez Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,247 |
| 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 | $857,819 |
| Statement of Expenses | |
|---|---|
| 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. | $44,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $574,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,791 |
| Payroll taxes | $51,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,923 |
| Travel | $102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,265 |
| All other expenses | $0 |
| Total functional expenses | $909,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,345 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,699 |
| Accounts payable and accrued expenses | $196,948 |
| 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 | $97,718 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $294,666 |
| 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 | -$254,967 |
| Total liabilities and net assets/fund balances | -$254,967 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Development Foundation Woodland, CA | $499,472 | $124,731 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Translational Genomics Research Institute Phoenix, AZ | $224,233,974 | $175,687,790 |
Central Valley General Hospital Hanford, CA | $0 | $118,529,798 |
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Rogue Credit Union Medford, OR | $2,944,952,062 | $136,267,424 |
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |