Oakland State Building Kids Corporation
- Assets
- $551.5k
- Revenue
- $989.5k
- Investments
- $0.0
- Employees
- 16
- Location
- Oakland, CA
- Founding
- 03/2004
- Data as of
- 06/2024
- EIN
- 68-0479185
Organization Overview
Oakland State Building Kids Corporation is located in Oakland, CA. The organization was established in 2004. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2024, Oakland State Building Kids Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland State Building Kids Corporation 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 06/2024, Oakland State Building Kids Corporation generated $989.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $1.0m during the year ending 06/2024. While expenses have increased by 14.1% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EARLY CARE AND EDUCATION CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIGHT FUTURE EARLY LEARNING CENTER CONTINUES TO SERVE A DIVERSE GROUP OF APPROXIMATELY 50 CHILDREN AGES 3 MONTHS TO THE START OF KINDERGARTEN. CHILDREN ARE SERVED BREAKFAST, LUNCH AND AN AFTERNOON SNACK. IN ADDITION WE PROVIDE ENRICHMENT PROGRAMS WITH YOGA AND A MUSIC TEACHER TWICE A MONTH. WE OFFER UNIQUE EXPERIENCES FOR THE CHILDREN AND FAMILIES SUCH AS SCIENCE PROJECTS, GARDENING, AN ANNUAL SPRING PICNIC AND A GRADUATION CELEBRATION. WE CONTINUE TO SUPPORT OUR PROFESSIONAL STAFF THROUGH STAFF DEVELOPMENT WORKSHOPS, CPR & FIRST AID TRAINING AND PROFESSIONAL DEVELOPMENT TUITION REIMBURSEMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenel Veligenti Executive Dir. | Officer | 40 | $93,239 |
Nicole Ferrara Int. President | OfficerTrustee | 1 | $0 |
Michelle Bethge President | OfficerTrustee | 1 | $0 |
Devin Richards Secretary | OfficerTrustee | 1 | $0 |
Zachary Satt Treasurer | OfficerTrustee | 1 | $0 |
Andrea Wong Treasurer | OfficerTrustee | 1 | $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 | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $987,785 |
| Investment income | $949 |
| 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 | $989,474 |
| 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. | $101,739 |
| Compensation of current officers, directors, key employees. | $9,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,881 |
| Pension plan accruals and contributions | $6,663 |
| Other employee benefits | $81,882 |
| Payroll taxes | $52,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $280 |
| Fees for services: Accounting | $20,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,604 |
| Advertising and promotion | $200 |
| Office expenses | $11,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,974 |
| Travel | $2,457 |
| 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 | $0 |
| Insurance | $16,484 |
| All other expenses | $0 |
| Total functional expenses | $1,045,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,041 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $0 |
| 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 | $21,413 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $250,949 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $551,503 |
| Accounts payable and accrued expenses | $39,202 |
| Grants payable | $0 |
| Deferred revenue | $21,865 |
| 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 | $27,000 |
| Total liabilities | $88,067 |
| Net assets without donor restrictions | $463,436 |
| 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 | $551,503 |