Apple Tree Kids
- Assets
- $2.1m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 172
- Location
- Chesapeake, VA
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 80-0627314
Organization Overview
Apple Tree Kids is located in Chesapeake, VA. The organization was established in 2010. 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 12/2021, Apple Tree Kids employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apple Tree Kids 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 12/2021, Apple Tree Kids generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 3.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A HIGH QUALITY CHRISTIAN EDUCATION AND DAYCARE SERVICES FOR CHILDREN AGES 6 WEEKS TO 12 YEARS. TO MEET THE COMMUNITIES' NEEDS FOR EARLY CHILDHOOD EDUCATION FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HIGH QUALITY CHRISTIAN EDUCATION AND DAYCARE SERVICES
SCHOLARSHIPS PROVIDED TO STUDENTS BASED ON NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi K Riden President/director | OfficerTrustee | 50 | $208,333 |
Trace Riden Director Of Maintenance & Facilities | Officer | 50 | $208,333 |
Christopher Roketenetz Secretary/treasurer | OfficerTrustee | 50 | $0 |
Joyce Hartman Board Member | Trustee | 5 | $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 | $4,374,536 |
| Investment income | $261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,600 |
| 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 | $4,406,397 |
| 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. | $416,666 |
| Compensation of current officers, directors, key employees. | $416,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,879,628 |
| Pension plan accruals and contributions | $17,212 |
| Other employee benefits | $156,447 |
| Payroll taxes | $133,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,350 |
| Fees for services: Accounting | $38,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $191,497 |
| Office expenses | $65,503 |
| Information technology | $21,742 |
| Royalties | $0 |
| Occupancy | $596,178 |
| Travel | $14,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,756 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,125 |
| Insurance | $96,412 |
| All other expenses | $126,601 |
| Total functional expenses | $4,182,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,450 |
| Loans from Officers, Directors, or Controlling Persons | $23,736 |
| 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 | $1,575,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $45,534 |
| Other assets | $16,050 |
| Total assets | $2,148,721 |
| Accounts payable and accrued expenses | $12,105 |
| 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 | $197,670 |
| Secured mortgages and notes payable | $991,007 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,200,782 |
| Net assets without donor restrictions | $0 |
| 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 | $947,939 |
| Total liabilities and net assets/fund balances | $2,148,721 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Apple Tree Kids has recieved totaling $87.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Southwestern Child Development Commission Inc Webster, NC | $5,030,316 | $8,632,437 |
Kids After Hours Child Care Centers Rockville, MD | $714,700 | $7,688,874 |
Bright Beginnings Inc Washington, DC | $12,885,067 | $9,346,448 |