Hoover Intergenerational Care
- Assets
- $2.2m
- Revenue
- $911.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Los Angeles, CA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 95-3104017
Organization Overview
Hoover Intergenerational Care is located in Los Angeles, CA. The organization was established in 1994. 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, Hoover Intergenerational Care employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoover Intergenerational Care 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, Hoover Intergenerational Care generated $911.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $934.5k during the year ending 06/2022. While expenses have increased by 2.9% 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
THE MAIN PURPOSE OF THE ORGANIZATION (HOOVER) IS TO PROVIDE AFFORDABLE, QUALITY, AND STATE-OF-THE-ART CHILD CARE SERVICES TO LOCAL WORKING PARENTS. HOOVER STRIVES TO PROVIDE A QUALITY EDUCATION BY DEVELOPING THE CHILDREN'S PERCEPTION, THINKING, AND LANGUAGE SKILLS IN A GROUP SETTING AND ALLOWING RECREATIONAL INTERACTION BETWEEN CHILDREN WITH SUPERVISED PLAY ACTIVITIES. FOR THE YEAR ENDED 6/30/19, IT WAS IN OPERATION FOR 246 DAYS AND SERVED ABOUT 80 CHILDREN ON AVERAGE FOR THE PRE-SCHOOL PROGRAM. TOTAL CHILD DAY ENROLLMENT FOR THE YEAR WAS 15,561 DAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN PURPOSE OF THE ORGANIZATION (HOOVER) IS TO PROVIDE AFFORDABLE, QUALITY, AND STATE-OF-THE-ART CHILD CARE SERVICES TO LOCAL WORKING PARENTS. HOOVER STRIVES TO PROVIDE A QUALITY EDUCATION BY DEVELOPING THE CHILDREN'S PERCEPTION, THINKING, AND LANGUAGE SKILLS IN A GROUP SETTING AND ALLOWING RECREATIONAL INTERACTION BETWEEN CHILDREN WITH SUPERVISED PLAY ACTIVITIES. FOR THE YEAR ENDED 6/30/21, IT WAS IN OPERATION FOR 246 DAYS AND SERVED ABOUT 69 CHILDREN ON AVERAGE FOR THE PRE-SCHOOL PROGRAM. TOTAL CHILD DAY ENROLLMENT FOR THE YEAR WAS 14,310 DAYS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lin Zhan Director | Trustee | 0 | $0 |
Richard Foos Treasurer | Trustee | 0 | $0 |
Ann Husdon Secretary | Trustee | 0 | $0 |
Charlotte Allen Director | Trustee | 0 | $0 |
George Wong Director | Trustee | 0 | $0 |
Delia Johnson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $848,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $909,374 |
| Total Program Service Revenue | $1,733 |
| Investment income | $0 |
| 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 | $911,107 |
| 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 | $505,462 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,917 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,921 |
| Insurance | $19,089 |
| All other expenses | $59,464 |
| Total functional expenses | $934,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $986,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,370 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,748 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $121,980 |
| Net Land, buildings, and equipment | $62,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,046,995 |
| Total assets | $2,236,190 |
| Accounts payable and accrued expenses | $45,634 |
| 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 | $880,574 |
| Total liabilities | $926,208 |
| Net assets without donor restrictions | $104,713 |
| Net assets with donor restrictions | $1,205,269 |
| 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 | $2,236,190 |