Form 990 for tax year 2023
Filed by LOCKHART CHILD DEVELOPMENT CENTER.
Totals
- Total revenue
- $974,177
- Total expenses
- $1,024,063
- Contributions and grants received
- $650,233
- Grants paid
- $0
- Program service revenue
- $323,944
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $343,585
- Total liabilities, end of year
- $903
- Net assets or fund balances, end of year
- $342,682
- Program services expenses (Part IX)
- $886,680
- Management and general expenses
- $129,690
- Fundraising expenses
- $7,693
- Program service expenses (Part III)
- $886,680
Program services were 86.6% 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)
$650,155
-
1f · All other contributions, gifts and grants
$78
-
2a · Program service revenue: Tuition & Fees Income
total $323,944 · related or exempt $323,944
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $81,498 · program services $33,794 · management and general $40,889 · fundraising $6,815
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $612,421 · program services $612,421
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $23,665 · program services $22,039 · management and general $1,394 · fundraising $232
-
10 · Payroll taxes
total $52,962 · program services $49,321 · management and general $3,121 · fundraising $520
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $26,985 · program services $2,357 · management and general $24,628
-
12 · Advertising and promotion
total $631 · program services $631
-
13 · Office expenses
total $16,862 · management and general $16,862
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $75,901 · program services $72,106 · management and general $3,795
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $7,391 · program services $5,199 · management and general $2,137 · fundraising $55
-
24a · Other expenses: Supplies
total $85,839 · program services $82,071 · management and general $3,768
-
24b · Other expenses: Repairs and Maintenance
total $30,452 · management and general $30,452
-
24c · Other expenses: Personnel
total $7,239 · program services $6,741 · management and general $427 · fundraising $71
-
24d · Other expenses: Miscellaneous
total $2,217 · management and general $2,217
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $390,633 · end of year $136,673
-
2 · Savings and temporary cash investments
end of year $200,000
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $7,154 · end of year $6,912
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
25 · Other liabilities
beginning of year $1,740 · end of year $903
-
27 · Net assets without donor restrictions
beginning of year $396,047 · end of year $342,682
Mission and programs · 2023
Mission
The mission of Lockhart Child Development Center is to operate a secular non-profit in Cabarrus County providing safe, nurturing, high quality, developmentally appropriate early child care and education for children twelve weeks to five years with a focus on the individual childs age and ability in order to stimulate social, cognitive, physical and emotional growth.to operate a child-care center in Concord, Cabarrus County, North Carolina or such other location(s) as the Board of Directors may designate
-
Lockhart Child Development Center opened for Business on September 27, 2021
Expenses $886,680
As filed on the 2023 return.
Listed in Part VII
-
Waynett Taylor
LCDC Director
- Total calculated
- $38,723
- From this org
- $38,723
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Rachel Zach-Grossman
LCDC Director
- Total calculated
- $21,788
- From this org
- $21,403
- From related orgs
- $0
- Other
- $385
- Hours/week
- 50
-
Janet Woodruff
LCDC Director
- Total calculated
- $21,372
- From this org
- $21,372
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Rev'd Nancy LJ Cox
President
- Total calculated
- $0
- Hours/week
- 1
-
Martin Ericson
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Nancy Hunter
Secretary/Treas
- Total calculated
- $0
- Hours/week
- 1
-
Fran Burkett
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Kathy Thompson
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Alice Smith
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Dalisha Vanterpool
Director
- Total calculated
- $0
- Hours/week
- 0.25
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202542049349300544
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