Waco Child Care Inc
- Assets
- $2.0m
- Revenue
- $951.5k
- Investments
- $0.0
- Employees
- 35
- Location
- Waco, TX
- Founding
- 10/1982
- Data as of
- 09/2021
- EIN
- 74-1855731
Organization Overview
Waco Child Care Inc is located in Waco, TX. The organization was established in 1982. 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 09/2021, Waco Child Care Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco Child Care 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 09/2021, Waco Child Care Inc generated $951.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $726.5k during the year ending 09/2021. While expenses have increased by 1.0% 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 PROVIDE DAYCARE SERVICES FOR CHILDREN OF LOW INCOME FAMILIES. FUNDING IS PRIMARILY PROVIDED THROUGH THE CHILD CARE SERVICE PROGRAM FUNDED BY THE TEXAS WORKFORCE COMMISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DAYCARE SERVICES FOR CHILDREN OF LOW INCOME FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Perez President | OfficerTrustee | 0 | $0 |
Henry Gonzales Secretary | OfficerTrustee | 0 | $0 |
Sharon Koester Raesener Treasurer | OfficerTrustee | 0 | $0 |
James Jarmon Vice President | OfficerTrustee | 0 | $0 |
Dorcas Simpson Boardmember | Trustee | 0 | $0 |
Brenda Garrett Boardmember | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $738,185 |
| 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 | $738,185 |
| Total Program Service Revenue | $100,451 |
| Investment income | $17,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $951,542 |
| 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 | $380,572 |
| Pension plan accruals and contributions | $11,577 |
| Other employee benefits | $0 |
| Payroll taxes | $35,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,756 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,134 |
| 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 | $9,135 |
| Insurance | $104,820 |
| All other expenses | $14,211 |
| Total functional expenses | $726,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,257 |
| Savings and temporary cash investments | $97,474 |
| Pledges and grants receivable | $42,707 |
| 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 | $19,854 |
| Net Land, buildings, and equipment | $53,917 |
| Investments—publicly traded securities | $1,799,196 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,030,405 |
| Accounts payable and accrued expenses | $28,570 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,570 |
| Net assets without donor restrictions | $2,001,835 |
| 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 | $2,030,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Care Associates Fort Worth, TX | $13,866,495 | $89,049,945 |
Childcaregroup Dallas, TX | $19,327,371 | $29,694,811 |
Advance Child Care Inc Corsicana, TX | $3,473,974 | $18,615,609 |
Lionheart Childrens Academy Bedford, TX | $10,671,656 | $17,109,685 |
Clayton Child Care Inc Fort Worth, TX | $8,846,592 | $17,902,037 |
Kaleidoscope Youth Development Services Inc Houston, TX | $9,400,325 | $12,047,136 |
Greater Opportunities Of The Permian Basin Inc Odessa, TX | $3,693,464 | $8,563,372 |
Washington County Child Care Foundation Bartlesville, OK | $10,576,887 | $9,436,794 |
Central Texas 4c Inc Temple, TX | $3,947,327 | $8,012,001 |
Advance Child Care Inc Palestine, TX | $3,677,390 | $6,266,203 |
Geo-Son Child Care Services Inc Mcallen, TX | $627,795 | $5,505,457 |
Child Nutrition Inc Tuscola, TX | $443,325 | $5,358,207 |