Waverly Child Care & Preschool
- Assets
- $3.4m
- Revenue
- $953.6k
- Investments
- $0.0
- Employees
- 34
- Location
- Waverly, IA
- Founding
- 03/1972
- Data as of
- 12/2021
- EIN
- 42-0956003
Organization Overview
Waverly Child Care & Preschool is located in Waverly, IA. The organization was established in 1972. 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 12/2021, Waverly Child Care & Preschool employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waverly Child Care & Preschool 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 12/2021, Waverly Child Care & Preschool generated $953.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $946.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SAFE AND NURTURING ENVIRONMENT BY STAFF FOR QUALITY EARLY CHILDHOOD/ELEMENTARY DEVELOPMENT AND EDUCATION FOR THE ENHANCEMENT OF LIFELONG LEARNING EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CHILD CARE SERVICES FOR OVER 400 CHILDREN, INCLUDING A BEFORE AND AFTER SCHOOL PROGRAM FOR LATCH-KEY CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luann Scallon Executive Di | Trustee | 40 | $63,447 |
Brian Ramker President | OfficerTrustee | 0.5 | $0 |
Ken Winter Vice Preside | OfficerTrustee | 0.5 | $0 |
Christy Colson Secretary | OfficerTrustee | 0.5 | $0 |
Richard Seggerman Treasurer | OfficerTrustee | 0.5 | $0 |
Nazee Jabbari Fields Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $204,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,971 |
| Total Program Service Revenue | $707,742 |
| Investment income | $14,856 |
| 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 | $953,569 |
| 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. | $63,447 |
| Compensation of current officers, directors, key employees. | $63,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $568,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,313 |
| Payroll taxes | $56,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,673 |
| Office expenses | $3,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,169 |
| Travel | $460 |
| 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 | $45,647 |
| Insurance | $17,890 |
| All other expenses | $551 |
| Total functional expenses | $946,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,563 |
| Savings and temporary cash investments | $1,673,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $1,668,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,392,672 |
| Accounts payable and accrued expenses | $771 |
| 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 | $100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,771 |
| Net assets without donor restrictions | $3,259,871 |
| Net assets with donor restrictions | $32,030 |
| 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 | $3,392,672 |
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