Valley Interfaith Child Care Center Inc
- Assets
- $528.5k
- Revenue
- $709.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Blacksburg, VA
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 74-3113709
Organization Overview
Valley Interfaith Child Care Center Inc is located in Blacksburg, VA. The organization was established in 2004. 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 06/2022, Valley Interfaith Child Care Center Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Interfaith Child Care Center 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 06/2022, Valley Interfaith Child Care Center Inc generated $709.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $482.1k during the year ending 06/2022. While expenses have increased by 3.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE HIGH-QUALITY, AFFORDABLE, EDUCATIONAL, AND NURTURING CARE FOR VERY YOUNG CHILDREN (AGES 0-5) OF INCOME-ELIGIBLE WORKING FAMILIES IN THE NEW RIVER VALLEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HIGH-QUALITY, AFFORDABLE, EDUCATIONAL, AN NURTURING CARE FOR VERY YOUNG CHILDREN (AGES 0-5) OF INCOME-ELIGIBLE WORKING FAMILIES IN THE NEW RIVER VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Stanaland Treasurer | OfficerTrustee | 2 | $0 |
Teresa Cassell President | OfficerTrustee | 2 | $0 |
William King Vice-President | OfficerTrustee | 2 | $0 |
Elaine Belay Secretary | OfficerTrustee | 2 | $0 |
Earl Brown Board Member | Trustee | 1 | $0 |
Larkin Dudley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $212,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,725 |
| Total Program Service Revenue | $15,058 |
| Investment income | $26 |
| 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 | $709,209 |
| 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. | $58,742 |
| Compensation of current officers, directors, key employees. | $23,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,417 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,184 |
| Insurance | $5,990 |
| All other expenses | $12,507 |
| Total functional expenses | $482,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,609 |
| Savings and temporary cash investments | $113,606 |
| Pledges and grants receivable | $28,877 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $528,477 |
| Accounts payable and accrued expenses | -$254 |
| 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 | -$254 |
| Net assets without donor restrictions | $388,067 |
| Net assets with donor restrictions | $140,664 |
| 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 | $528,477 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Valley Interfaith Child Care Center Inc has recieved totaling $20,680.
| Awarding Organization | Amount |
|---|---|
Ann C And Robert O Orders Jr Familyfoundation Inc Saint Albans, WV PURPOSE: CHILDCARE CENTER | $10,000 |
Community Foundation Of The New River Valley Inc Christiansburg, VA PURPOSE: To support mission of organization | $5,680 |
Featherston Foundation Inc York, ME PURPOSE: CHILDCARE & EDUC FOR CHILDREN OF LOW INC FAMILIES | $4,000 |
James C And Linda F Smith Charitable Tr Roanoke, VA PURPOSE: SUPPORT CHILD CARE FOR LOW INCOME INDIVIDUALS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Care Services Association Chapel Hill, NC | $9,435,676 | $35,180,731 |
Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Children And Families First Greensboro, NC | $16,601,119 | $28,435,944 |
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Georgetown Hill Child Care Center Inc Montgomery Village, MD | $9,950,402 | $20,593,536 |
Centronia Washington, DC | $17,606,173 | $16,952,822 |
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 |