Child Care Resources Inc
- Assets
- $5.1m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 28
- Location
- Richmond, VA
- Founding
- 12/1993
- Data as of
- 09/2023
- EIN
- 54-1647608
Organization Overview
Child Care Resources Inc is located in Richmond, VA. The organization was established in 1993. 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 09/2023, Child Care Resources Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Child Care Resources 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 09/2023, Child Care Resources Inc generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $18.4m during the year ending 09/2023. While expenses have increased by 12.3% per year over the past 5 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
CHILD CARE RESOURCES' MISSION IS TO PROVIDE EARLY CHILDHOOD RESOURCES TO THE CHILD CARE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE RESOURCES IS A SPONSORING ORGANIZATION FOR THE USDA CHILD AND ADULT CARE FOOD PROGRAM, AT-RISK AFTERSCHOOL MEAL PROGRAM, SUMMER FOOD SERVICE PROGRAM, AND EMERGENCY FEEDING PROGRAM. FOR 2022-2023, CHILD CARE RESOURCES WORKED WITH 764 CHILD CARE CENTERS, AFTERSCHOOL PROGRAMS, COMMUNITY CENTERS, HEAD START PROGRAMS, AND ADULT DAYCARES TO FEED CHILDREN AND SENIOR ADULTS PRIMARILY FROM LOW INCOME AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Goff CEO | OfficerTrustee | 40 | $220,904 |
Vince Linthicum President | Officer | 5 | $0 |
Dr John Booth Secretary | Officer | 5 | $0 |
Kiran Mehra Treasurer | Officer | 5 | $0 |
Scott A Hubbard Operations D | 40 | $113,233 | |
Thomas Saunders Operations D | 40 | $115,711 |
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 | $17,980,862 |
| Investment income | $5,060 |
| 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 | $17,990,556 |
| 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. | $220,904 |
| Compensation of current officers, directors, key employees. | $44,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,246,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $151,226 |
| Payroll taxes | $109,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $891 |
| Fees for services: Accounting | $44,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,107 |
| Advertising and promotion | $11,250 |
| Office expenses | $27,347 |
| Information technology | $258,591 |
| Royalties | $0 |
| Occupancy | $223,875 |
| Travel | $124,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,686 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,827 |
| Insurance | $8,323 |
| All other expenses | $32,262 |
| Total functional expenses | $18,389,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $959,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,615,090 |
| 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 | $2,185 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $49,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $506,870 |
| Total assets | $5,133,282 |
| Accounts payable and accrued expenses | $3,530,910 |
| Grants payable | $0 |
| Deferred revenue | $108,000 |
| 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 | $509,368 |
| Total liabilities | $4,148,278 |
| 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 | $985,004 |
| Total liabilities and net assets/fund balances | $5,133,282 |