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Nonprofiteer
← CHILDRENS LEARNING CENTER OF POSEY COUNTY INC

Form 990 for tax year 2022

Filed by CHILDRENS LEARNING CENTER OF POSEY COUNTY INC.

Totals

Total revenue
$863,719
Total expenses
$976,760
Contributions and grants received
$297,348
Grants paid
$0
Program service revenue
$566,181
Investment income
$190
Other revenue
$0
Total assets, end of year
$701,163
Total liabilities, end of year
$99,762
Net assets or fund balances, end of year
$601,401
Program services expenses (Part IX)
$957,093
Management and general expenses
$19,667
Fundraising expenses
$0
Program service expenses (Part III)
$957,093

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $41,791

  • 1f · All other contributions, gifts and grants

    $255,557

  • 2a · Program service revenue: TUITION/REGISTRATION

    total $566,181 · related or exempt $566,181

  • 3 · Investment income

    total $190 · excluded $190

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $600,265 · program services $600,265

  • 10 · Payroll taxes

    total $100,097 · program services $100,097

  • 13 · Office expenses

    total $44,306 · program services $39,875 · management and general $4,431

  • 16 · Occupancy

    total $59,490 · program services $53,541 · management and general $5,949

  • 17 · Travel

    total $172 · management and general $172

  • 20 · Interest

    total $5,054 · program services $5,054

  • 22 · Depreciation, depletion and amortization

    total $52,093 · program services $46,884 · management and general $5,209

  • 23 · Insurance

    total $22,133 · program services $19,920 · management and general $2,213

  • 24a · Other expenses: FOOD/KITCHEN SUPPLIES

    total $76,995 · program services $76,995

  • 24b · Other expenses: SERVICE FEES

    total $7,297 · program services $6,567 · management and general $730

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $3,870 · program services $3,870

  • 24d · Other expenses: TELEPHONE & INTERNET

    total $3,164 · program services $2,848 · management and general $316

  • 24e · All other expenses

    total $1,824 · program services $1,177 · management and general $647

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,131 · end of year $65,797

  • 10a · Land, buildings and equipment: cost or other basis

    $1,643,137

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,007,771

  • 10c · Land, buildings and equipment, net

    beginning of year $652,007 · end of year $635,366

  • 23 · Secured mortgages and notes payable

    beginning of year $102,696 · end of year $99,590

  • 25 · Other liabilities

    beginning of year $0 · end of year $172

  • 27 · Net assets without donor restrictions

    beginning of year $714,442 · end of year $601,401

Mission and programs · 2022

Mission

TO PROVIDE CHILDCARE SERVICES TO THE CHILDREN OF THE POSEY COUNTY INDIANA AREA.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES CHILDCARE SERVICES FOR CHILDREN PRIMARILY IN THE POSEY COUNTY INDIANA AREA

  • THE ORGANIZATION PROVIDED CHILDCARE FOR APPROXIMATELY 125 CHILDREN DURING THE FISCAL YEAR.

    Expenses $957,093 · Revenue $566,181

As filed on the 2022 return.

Listed in Part VII

  • Jake McGinnis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Horton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andy Weintraut

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jake Tucker

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Denning

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Amber Thorn

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sam Lurker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Magruder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barry Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hanna Wetzel

    EXECUTIVE DIRECTOR

    Total calculated
    $12,692
    From this org
    $12,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Rushing

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $44,009
    From this org
    $44,009
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $44,009
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $44,009

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
16 May 2024
IRS schema version
2022v5.0
Source object
202431379349302228

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