Young Tracks Inc
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Steamboat Springs, CO
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 84-1149964
Organization Overview
Young Tracks Inc is located in Steamboat Springs, CO. The organization was established in 1990. 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, Young Tracks Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Tracks 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 12/2021, Young Tracks Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 4.8% 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
PROVIDE DAYCARE AND PRESCHOOL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DAYCARE AND PRESCHOOL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Martin Executive Dir. | Officer | 40 | $81,716 |
Angela Sherwood Secretary | OfficerTrustee | 0.25 | $0 |
Will Melton Vice President | OfficerTrustee | 0.25 | $0 |
Kristin Goforth President | OfficerTrustee | 0.25 | $0 |
Kate Carlton Director | Trustee | 0.25 | $0 |
Jeff Oamek Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $210,160 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,239 |
| Total Program Service Revenue | $1,182,694 |
| Investment income | $70 |
| 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 | $1,500,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88,645 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,716 |
| Compensation of current officers, directors, key employees. | $27,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $958,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,190 |
| 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 | $8,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,352 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,911 |
| Insurance | $16,438 |
| All other expenses | $25,848 |
| Total functional expenses | $1,483,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,010 |
| 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 | $987 |
| Net Land, buildings, and equipment | $1,111,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,553,615 |
| Accounts payable and accrued expenses | $27,652 |
| Grants payable | $0 |
| Deferred revenue | $90,940 |
| 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 | $967,307 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,085,899 |
| Net assets without donor restrictions | $462,640 |
| Net assets with donor restrictions | $5,076 |
| 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 | $1,553,615 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Young Tracks Inc has recieved totaling $49,222.
| Awarding Organization | Amount |
|---|---|
Temple Hoyne Buell Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Craig-Scheckman Family Foundation Steamboat Springs, CO PURPOSE: UNRESTRICTED | $15,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $11,472 |
Craig-Scheckman Family Foundation Steamboat Springs, CO PURPOSE: UNRESTRICTED | $2,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mile High Montessori Early Learning Centers Denver, CO | $17,533,057 | $15,372,863 |
Child Start Inc Wichita, KS | $9,937,942 | $12,651,016 |
Rainbows United Inc Wichita, KS | $9,766,961 | $11,658,952 |
Candelen Phoenix, AZ | $8,070,867 | $11,022,566 |
Millard Public Schools Foundation Inc Omaha, NE | $17,123,323 | $8,258,892 |
New Horizons Ministries Inc Canon City, CO | $10,572,666 | $7,833,240 |
Washington County Child Care Foundation Bartlesville, OK | $10,576,887 | $9,436,794 |
Montessori Academy Of Colorado Denver, CO | $8,428,837 | $6,258,258 |
Child Development Center Of Natrona County Casper, WY | $9,028,094 | $5,917,154 |
Developmental Preschool And Day Care Center Laramie, WY | $4,949,179 | $5,335,011 |
Colorado Springs Child Nursery Centers Inc Colorado Springs, CO | $3,861,089 | $6,173,573 |
Wildwood Child Care Food Program Inc Centennial, CO | $804,264 | $4,801,546 |