Gallatin Child Care Center Inc
- Assets
- $279.2k
- Revenue
- $392.4k
- Investments
- $0.0
- Employees
- 32
- Location
- Gallatin, TN
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 32-0176348
Organization Overview
Gallatin Child Care Center Inc is located in Gallatin, TN. The organization was established in 2006. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Gallatin Child Care Center Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gallatin Child Care 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 06/2022, Gallatin Child Care Center Inc generated $392.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $403.0k during the year ending 06/2022. While expenses have increased by 2.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHILD CARE FOR LOW INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OPERATES A CHILD CARE CENTER FOR CHILDREN FROM LOW INCOME FAMILIES WHO NEED CARE, QUALITY EDUCATION & SUPERVISION FOR PART OF THE DAY. THE CENTER IS SUBSIDIZED BY USDA GRANTS & DONATIONS FROM LOCAL CHARITIES & INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Hays President | OfficerTrustee | 1 | $0 |
Jessie Hines Vice-President | OfficerTrustee | 1 | $0 |
Kimberly Jolley Secretary | OfficerTrustee | 1 | $0 |
Ginger Eastham Treasurer | OfficerTrustee | 1 | $0 |
Glenda Abel Executive Director | Officer | 40 | $63,710 |
Paige Paul Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,513 |
| Investment income | $11 |
| 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 | $392,361 |
| 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. | $68,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $606 |
| Payroll taxes | $27,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,825 |
| 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 | $0 |
| Information technology | $12,889 |
| Royalties | $0 |
| Occupancy | $28,773 |
| Travel | $2,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $319 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,812 |
| Insurance | $3,943 |
| All other expenses | $0 |
| Total functional expenses | $403,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,406 |
| Savings and temporary cash investments | $11,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,956 |
| 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 | $1,020 |
| Total assets | $279,249 |
| Accounts payable and accrued expenses | -$50 |
| 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 | $0 |
| Total liabilities | -$50 |
| Net assets without donor restrictions | $279,299 |
| 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 |
| Total liabilities and net assets/fund balances | $279,299 |