Executive Child Development Center
- Assets
- $7.3m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 103
- Location
- Rockville, MD
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 52-1410918
Organization Overview
Executive Child Development Center is located in Rockville, MD. The organization was established in 1986. 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, Executive Child Development Center employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Executive 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 12/2021, Executive Child Development Center generated $5.3m 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 (4.4%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) 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 QUALITY CHILD CARE AND EDUCATION TO CHILDREN OF DIVERSE ECONOMIC AND ETHNIC BACKGROUNDS FROM INFANCY THROUGH SCHOOL AGE SEEKS OPPORTUNITIES TO ADVOCATE FOR THE WELL-BEING OF ALL CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECDC'S TWO CHILD CARE CENTERS PROVIDED CARE TO MORE THAN 400 CHILDREN. OUR STUDENTS RANGE FROM INFANCY TO 12 YEARS OF AGE. IN ADDITION TO ENSURING THAT OUR CHILDREN LEARN ACADEMIC SKILLS TO HELP THEM IN SCHOOL, ECDC SEEKS TO BOLSTER THE EMOTIONAL AND SOCIAL DEVELOPMENT OF EACH CHILD, WE OFFER A WELL-REPUTED SUMMER CAMP FOR SCHOOL AGED CHILDREN. WE CONSISTENLY RECEIVE EXCELLENT EVALUATION FROM OUR ACCREDITATION BOARDS AND OUR PARENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Schmitz Executive Director | Officer | 50 | $160,680 |
Bridget Williams Simmons Board Chair | OfficerTrustee | 1 | $0 |
Phillip Swanson Treasurer | Trustee | 1 | $0 |
Angela Magliozzi Board Member | Trustee | 1 | $0 |
Tiffany Lash Board Member | Trustee | 1 | $0 |
Sonia Lee Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,164,212 |
| 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 | $1,164,212 |
| Total Program Service Revenue | $3,701,115 |
| Investment income | $57,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $348,613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,272,975 |
| 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. | $176,065 |
| Compensation of current officers, directors, key employees. | $44,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,441,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $609,797 |
| Payroll taxes | $214,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,766 |
| Advertising and promotion | $192 |
| Office expenses | $11,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $505 |
| Interest | $1,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,744 |
| Insurance | $53,483 |
| All other expenses | $61,369 |
| Total functional expenses | $3,734,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,296,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,283 |
| 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 | $61,697 |
| Net Land, buildings, and equipment | $16,497 |
| Investments—publicly traded securities | $4,811,698 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,257,670 |
| Accounts payable and accrued expenses | $294,845 |
| Grants payable | $0 |
| Deferred revenue | $71,045 |
| 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 | $785,959 |
| Total liabilities | $1,151,849 |
| Net assets without donor restrictions | $6,105,821 |
| 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 | $7,257,670 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Georgetown Hill Child Care Center Inc Montgomery Village, MD | $9,950,402 | $20,593,536 |
Centronia Washington, DC | $17,606,173 | $16,952,822 |
The Childrens Center Franklin, VA | $3,548,502 | $14,069,816 |
Lehigh Valley Childrens Centers Inc Allentown, PA | $14,112,341 | $13,366,940 |
League On Social Services Inc Family Day Care Program Hyde, PA | $1,090,310 | $11,061,373 |
Campagna Center Inc Alexandria, VA | $7,278,188 | $13,190,790 |
Ahold Delhaize Usa Family Foundation Inc Carlisle, PA | $12,628,816 | $12,963,322 |
Child Care Resources Inc Richmond, VA | $3,029,926 | $11,141,593 |
Learn & Play Fort Washington, PA | $20,169,763 | $14,001,464 |
Federation Day Care Services Philadelphia, PA | $6,192,299 | $8,469,963 |
Kids After Hours Child Care Centers Rockville, MD | $714,700 | $7,688,874 |