Victory Village Day Care Center
- Assets
- $806.5k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 60
- Location
- Chapel Hill, NC
- Founding
- 07/1962
- Data as of
- 08/2021
- EIN
- 56-0586172
Organization Overview
Victory Village Day Care Center is located in Chapel Hill, NC. The organization was established in 1962. 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 08/2021, Victory Village Day Care Center employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Village Day Care 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 08/2021, Victory Village Day Care Center generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.7m during the year ending 08/2021. While expenses have increased by 3.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND UNC HOSPITALS BY PROVIDING QUALITY CHILD CARE FOR THEIR FACULTY AND STAFF AT THE LOWEST REASONABLE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LICENSED CHILD CARE CENTER SERVING APPROXIMATELY 150 CHILDREN OF PRE-SCHOOL AGE SUPERVISED BY APPROXIMATELY 65 TEACHERS AND STAFF. UNC AND UNC HEALTH PROVIDES THE USE OF THE LAND AND BUILDING FOR THE CHILD CARE OPERATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Wakefield Frmr Exec. Dir. | Trustee | 40 | $84,454 |
Mary Bus Treasurer | Officer | 20 | $0 |
Derek Wildman Vice Chair | Officer | 20 | $0 |
Audra Slavin Board Member | Trustee | 2 | $0 |
Cameron Mckinzie Board Member | Trustee | 2 | $0 |
Edith Bowers Board Member | Trustee | 2 | $0 |
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 | $528,183 |
| Noncash contributions included in lines 1a–1f | $317,655 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $528,183 |
| Total Program Service Revenue | $2,123,453 |
| Investment income | $199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,486 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,020,155 |
| 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. | $85,323 |
| Compensation of current officers, directors, key employees. | $85,323 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,502,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $265,419 |
| Payroll taxes | $79,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,825 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,725 |
| Advertising and promotion | $100 |
| Office expenses | $135,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $400,431 |
| 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 | $12,352 |
| Insurance | $31,558 |
| All other expenses | $182 |
| Total functional expenses | $2,679,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,525 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,993 |
| Total assets | $806,489 |
| Accounts payable and accrued expenses | $207,037 |
| Grants payable | $0 |
| Deferred revenue | $82,804 |
| 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 | $289,841 |
| Net assets without donor restrictions | $511,396 |
| Net assets with donor restrictions | $5,252 |
| 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 | $806,489 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Victory Village Day Care Center has recieved totaling $23,501.
| Awarding Organization | Amount |
|---|---|
Child Care Services Association Chapel Hill, NC PURPOSE: CHILD CARE SUBSIDY | $15,482 |
Orange County Partnership For Young Children Hillsborough, NC PURPOSE: SUBSIDY ENHANCEMENTS | $8,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
Child Care Resources Inc Charlotte, NC | $14,134,148 | $14,856,531 |
The Childrens Center Franklin, VA | $3,548,502 | $14,069,816 |
Campagna Center Inc Alexandria, VA | $7,278,188 | $13,190,790 |
Child Care Resources Inc Richmond, VA | $3,029,926 | $11,141,593 |
Positively Living Inc Knoxville, TN | $4,436,601 | $10,571,861 |
Community Childcare Food Supplement Inc Savannah, GA | $1,811,584 | $9,216,213 |
Southwestern Child Development Commission Inc Webster, NC | $5,030,316 | $8,632,437 |
Emory Egleston Cdc Employees Child Care Center Inc Atlanta, GA | $4,269,050 | $7,212,681 |
North Carolina 811 Inc Greensboro, NC | $5,590,050 | $6,021,389 |
Higher Horizons Day Care Center Inc Falls Church, VA | $702,778 | $4,937,803 |
Habilitation And Training Services Inc Gallatin, TN | $2,538,366 | $5,452,693 |