Precious Memories Child Care Inc
- Assets
- $0.0
- Revenue
- $178.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 47-0723456
Organization Overview
Precious Memories Child Care Inc is located in Omaha, NE. The organization was established in 1991. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Precious Memories Child Care 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 12/2021, Precious Memories Child Care Inc generated $178.9k 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 (4.7%) each year. All expenses for the organization totaled $308.6k during the year ending 12/2021. 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
THE MISSION OF THE ORGANIZATION IS TO PROVIDE QUALITY CHILD CARE SERVICES TO THE LOW INCOME FAMILIES IT SERVES AND TO HELP THE PARENTS OF THE CHILDREN SERVED BECOME BETTER PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRECIOUS MEMORIES CHILD CARE, INC. PROVIDES CHILD CARE WHILE PARENTS EITHER WORK AT LOW-PAYING JOBS OR ATTEND HIGH SCHOOL JOB TRAINING OR GED CLASSES. APPROXIMATEY ONE-HALF OF THE CHILDREN ARE UNDER CHILD PROTECTIVE SERVICES (CPS) AND HAVE BEEN THROUGH THE COURT SYSTEM FOR ABUSE AND/OR NEGLECT.THE AVERAGE DAILY ATTENDANCE VARIES. MEALS CONSISTING OF BREAKFASTS, LUNCHES AND SNACKS ARE PROVIDED TO THE CHILDREN SERVED.MANY OF THE CHILDREN HAVE SERIOUS DISABILITIES SUCH AS SPINA BIFADA, CEREBRAL PALSY, AUTISM AND FETAL ALCOHOL SYNDROME. IN ADDITION, MANY OF THE CHILDREN HAVE SERIOUS BEHAVORIAL PROBLEMS. THE STAFF WORK WITH PARENTS TO HELP CONTROL THESE VIOLENT BEHAVIORS.MOST OF THE CHILDREN SERVED ARE FROM FAMILIES WHO FALL BELOW THE POVERTY INCOME LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Caskell Director | OfficerTrustee | 0.5 | $0 |
Kimberly Franco Treasurer/director | OfficerTrustee | 0.5 | $0 |
Dr Brett Kuhn Trustee | Trustee | 0.5 | $0 |
James Monahan Trustee | Trustee | 0.5 | $0 |
Kathy Beers Trustee | Trustee | 0.5 | $0 |
Rachel Snow Director | Trustee | 40 | $42,374 |
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 | $212,254 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,939 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,602 |
| Payroll taxes | $13,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $255 |
| Fees for services: Accounting | $2,025 |
| 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 | $4,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,978 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,029 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,068 |
| Insurance | $0 |
| All other expenses | $1 |
| Total functional expenses | $308,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |