Ravenswood Community Daycare Inc
- Assets
- $369.7k
- Revenue
- $921.3k
- Investments
- $0.0
- Employees
- 29
- Location
- Chicago, IL
- Founding
- 03/2001
- Data as of
- 06/2023
- EIN
- 36-4327547
Organization Overview
Ravenswood Community Daycare Inc, operating under the name Ravenswood Community Childcare Cente, is located in Chicago, IL. 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 06/2023, Ravenswood Community Childcare Cente employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ravenswood Community Childcare Cente 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 06/2023, Ravenswood Community Childcare Cente generated $921.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $899.0k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DAYCARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORK OF RAVENSWOOD COMMUNITY DAY CARE, INC. IS COMPRISED OF TWO INTEGRATED PROGRAMS THAT REPRESENT THE MISSION OF THE ORGANIZATION: TO NURTURE YOUNG CHILDREN. THE LARGER PROGRAM SERVES FAMILIES IN THE RAVENSWOOD COMMUNITY BY PROVIDING DAY CARE AND DEVELOPMENTAL TEACHING FOR CHILDREN AGES 6 WEEKS TO FIVE YEARS FIVE DAYS A WEEK. THIS PROGRAM IS FUNDED BY FEES FOR SERVICE AND CONTRIBUTIONS FROM DONORS.THE OTHER RELATED AND COMPLETELY INTEGRATED PROGRAM IS THE PARENTING PROGRESS PROGRAM, WHICH WILL AT ITS CAPACITY COMPRISE UP TO JUST LESS THAN ONE QUARTER OF THE DAY CARE'S ENROLLMENT OF 45 CHILDREN. THIS PROGRAM SERVES TEEN PARENTS BY PROVIDING DAY CARE FOR THEIR CHILDREN WHILE THE TEENS CONTINUE SCHOOL, ARE ENGAGED IN WORK, AND OFTEN ARE ABLE TO MATRICULATE INTO COLLEGE. AT THE SAME TIME THE TEENS ARE MENTORED BY A PARENTING PROGRESS COORDINATOR WHO ALSO PROVIDES CLASSES IN PARENTING SKILLS, JOB COACHING, HEALTH AND WELLNESS, ETC. A GOVERNMENT GRANT, ACTION FOR CHILDREN, SUBSIDIZES FOR THE TEEN PROGRAM, AS WELL AS PRIVATE DONATIONS. THE RAVENSWOOD COMMUNITY DAY CARE, INC. BOARD OF DIRECTORS, DEDICATED TO THIS PROGRAM, HAS MADE A COMMITMENT TO ALLOW THE TEENS TO HAVE A GREATLY REDUCED TUITION FOR THEIR CHILDREN IN ORDER TO CONTINUE THEIR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Erickson President | OfficerTrustee | 2 | $0 |
Andrew Lettinga Treasurer Through March 2023 | OfficerTrustee | 2 | $0 |
Rachel Frields Secretary | OfficerTrustee | 2 | $0 |
Carol Koeller Director | Trustee | 2 | $0 |
Joanna Wilkinson Director | Trustee | 1 | $0 |
Alice Westlind Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,042 |
| Total Program Service Revenue | $754,150 |
| Investment income | $130 |
| 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 | $921,322 |
| 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. | $76,446 |
| Compensation of current officers, directors, key employees. | $74,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $542,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,998 |
| Payroll taxes | $46,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,089 |
| Advertising and promotion | $0 |
| Office expenses | $74,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,925 |
| 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 | $7,230 |
| Insurance | $6,567 |
| All other expenses | $14,364 |
| Total functional expenses | $899,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,738 |
| Accounts receivable, net | $6,339 |
| 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 | $2,789 |
| Net Land, buildings, and equipment | $27,867 |
| Investments—publicly traded securities | $8,690 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $369,672 |
| Accounts payable and accrued expenses | $44,781 |
| 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 | $44,781 |
| Net assets without donor restrictions | $324,891 |
| 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 | $369,672 |