Morningside Day-Out Inc
- Assets
- $83.4k
- Revenue
- $475.5k
- Investments
- $0.0
- Employees
- 29
- Location
- Atlanta, GA
- Founding
- 02/2003
- Data as of
- 08/2024
- EIN
- 58-1352560
Organization Overview
Morningside Day-Out Inc is located in Atlanta, GA. The organization was established in 2003. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2024, Morningside Day-Out Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morningside Day-Out 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 08/2024, Morningside Day-Out Inc generated $475.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $571.1k during the year ending 08/2024. While expenses have increased by 13.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
DAY CARE WITH EDUCATIONAL ACTIVITY FOR HALF DAYS DURING THE SCHOOL YEAR SEPTEMBER - MAY AND IN SUMMER JUNE - AUGUST
Describe the Organization's Program Activity:
PROVIDED DAY CARE WITH EDUCATIONAL ACTIVITIES FOR HALF DAYS DURING THE SCHOOL YEAR SEPTEMBER - MAY AND DURING THE SUMMER JUNE - AUGUST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Jones Director | OfficerTrustee | 35 | $39,331 |
Victoria Cherry Chairman | OfficerTrustee | 0 | $0 |
Angie Calderon Secretary | OfficerTrustee | 0 | $0 |
Miles Thomas Chairman | OfficerTrustee | 0 | $0 |
Judd Thornton Treasurer | OfficerTrustee | 0 | $0 |
Jakki Davis Vice President | OfficerTrustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $468,920 |
| Investment income | $1,768 |
| 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 | $475,549 |
| 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. | $37,179 |
| Compensation of current officers, directors, key employees. | $7,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,997 |
| Office expenses | $15,007 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,904 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,713 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,588 |
| Insurance | $11,228 |
| All other expenses | $9,748 |
| Total functional expenses | $571,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,182 |
| Savings and temporary cash investments | $4,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2 |
| 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 | $29,350 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,359 |
| Accounts payable and accrued expenses | $11,551 |
| Grants payable | $0 |
| Deferred revenue | $39,543 |
| 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 | $3,028 |
| Total liabilities | $54,122 |
| Net assets without donor restrictions | $29,237 |
| 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 | $83,359 |