Kidco Creative Learning Inc
- Assets
- $7.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 75
- Location
- Hialeah, FL
- Founding
- 09/1991
- Data as of
- 06/2023
- EIN
- 65-0257588
Organization Overview
Kidco Creative Learning Inc is located in Hialeah, FL. 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. As of 06/2023, Kidco Creative Learning Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kidco Creative Learning 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 06/2023, Kidco Creative Learning Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $5.1m during the year ending 06/2023. While expenses have increased by 9.1% 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
KIDCO CREATIVE LEARNING PROVIDES CHILDCARE, EARLY EDUCATION AND SOCIAL SERVICES TO CHILDREN AND FAMILIES IN NEED. THIS IS ACCOMPLISHED THROUGH A VARIETY OF SUBSIDIZED AND PRIVATE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIDCO SUCCESSFULLY ACCOMPLISHED THE CONTINUATION OF ITS SUBSIDIZED AND UNSUBSIDIZED EARLY EDUCATION AND CHILDCARE PROGRAMS. A COMPREHENSIVE EARLY EDUCATION PROGRAM STRESSING LEARNING, HEALTH, SCHOOL READINESS AND PARENT INVOLVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nilsa M Velazquez President/ceo | 40 | $140,076 | |
Esther Chisholm Chairperson | Trustee | 1 | $0 |
Ida Ovies Treasurer | Trustee | 1 | $0 |
Janette Solis Secretary | Trustee | 1 | $0 |
Jean-Robert Menard Vice Chairperson | Trustee | 1 | $0 |
John Little Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,631 |
| Related organizations | $0 |
| Government grants | $4,265,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $907,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,176,082 |
| Total Program Service Revenue | $0 |
| Investment income | $13,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,950 |
| 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 | $5,270,281 |
| 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 | $2,806,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $752,789 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,769 |
| Advertising and promotion | $0 |
| Office expenses | $41,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,114 |
| Travel | $6,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,141 |
| Insurance | $89,793 |
| All other expenses | $28,314 |
| Total functional expenses | $5,135,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,438,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $621,532 |
| 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 | $81,909 |
| Net Land, buildings, and equipment | $5,518,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $49,919 |
| Other assets | $0 |
| Total assets | $7,709,778 |
| Accounts payable and accrued expenses | $166,541 |
| 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 | $2,295,101 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,550 |
| Total liabilities | $2,477,192 |
| Net assets without donor restrictions | $4,977,049 |
| Net assets with donor restrictions | $255,537 |
| 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 | $7,709,778 |