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Nonprofiteer
← MASONIC HOME OF KENTUCKY PEDIATRIC DAYCARE INC

Form 990 for tax year 2022

Filed by MASONIC HOME OF KENTUCKY PEDIATRIC DAYCARE INC.

Totals

Total revenue
$3,892,944
Total expenses
$3,131,255
Contributions and grants received
$416,669
Grants paid
$0
Program service revenue
$3,475,350
Investment income
$925
Other revenue
$0
Total assets, end of year
$9,089,640
Total liabilities, end of year
$9,363,950
Net assets or fund balances, end of year
-$274,310
Program services expenses (Part IX)
$2,629,737
Management and general expenses
$501,518
Fundraising expenses
$0
Program service expenses (Part III)
$2,629,737

Program services were 84.0% 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)

    $416,669

  • 2a · Program service revenue: DAY CARE REVENUE

    total $2,987,850 · related or exempt $2,987,850

  • 2b · Program service revenue: RENTAL INCOME

    total $487,500 · related or exempt $487,500

  • 3 · Investment income

    total $925 · excluded $925

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $72 · management and general $72

  • 11c · Fees: accounting

    total $5,640 · management and general $5,640

  • 11g · Fees: other

    total $79,382 · program services $41,968 · management and general $37,414

  • 12 · Advertising and promotion

    total $26,807 · program services $26,807

  • 13 · Office expenses

    total $23,181 · program services $9,492 · management and general $13,689

  • 14 · Information technology

    total $5,853 · management and general $5,853

  • 16 · Occupancy

    total $194,772 · program services $194,772

  • 17 · Travel

    total $5,235 · program services $5,235

  • 20 · Interest

    total $618,804 · program services $618,804

  • 22 · Depreciation, depletion and amortization

    total $381,029 · program services $381,029

  • 23 · Insurance

    total $10,073 · management and general $10,073

  • 24a · Other expenses: REIMBURSED SALARY EXPEN

    total $1,293,601 · program services $997,157 · management and general $296,444

  • 24b · Other expenses: SHARED SERVICE EXPENSE

    total $180,000 · program services $180,000

  • 24c · Other expenses: GROCERIES/ STAPLES

    total $133,809 · program services $133,809

  • 24d · Other expenses: CORPORATE OVERHEAD

    total $116,278 · management and general $116,278

  • 24e · All other expenses

    total $56,719 · program services $40,664 · management and general $16,055

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $206,021 · end of year $235,300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,200 · end of year $4,176

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

    $11,601,204

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

    $2,921,945

  • 10c · Land, buildings and equipment, net

    beginning of year $9,055,166 · end of year $8,679,259

  • 14 · Intangible assets

    beginning of year $0 · end of year $170,905

  • 17 · Accounts payable and accrued expenses

    beginning of year $130,188 · end of year $94,269

  • 19 · Deferred revenue

    beginning of year $99,414 · end of year $102,525

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $8,547,167

  • 23 · Secured mortgages and notes payable

    beginning of year $8,778,767 · end of year $267,747

  • 25 · Other liabilities

    beginning of year $1,656,207 · end of year $352,242

  • 27 · Net assets without donor restrictions

    beginning of year -$1,396,189 · end of year -$274,310

Mission and programs · 2022

Mission

TO PROVIDE AND MAINTAIN AFFORDABLE PEDIATRIC DAYCARE FOR MEDICALLY FRAGILE AND TRADITIONAL CHILDREN WITHIN THE COMMUNITY.

  • TO PROVIDE AND MAINTAIN AFFORDABLE PEDIATRIC DAYCARE FOR MEDICALLY FRAGILE AND TRADITIONAL CHILDREN WITHIN THE COMMUNITY.

    Expenses $2,629,737 · Revenue $3,475,350

As filed on the 2022 return.

Listed in Part VII

  • Richard Short

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • E Darren Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • Timothy Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • Harold Armstrong

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • Mark Galloway

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • Ronald S Caughron

    TREASURER

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • Terry Bowman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.8 + 3.2 related

  • Todd Lacy

    PRESIDENT

    Total calculated
    $470,881
    From this org
    $0
    From related orgs
    $440,666
    Other
    $30,215
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,466 related
    Bonus
    $0
    Other
    $0 + $7,200 related
    Deferred
    $0 + $12,141 related
    Nontaxable benefits
    $0 + $18,074 related
    Filer's total
    $0 + $470,881 related

  • J Scott Judy

    CEO

    Total calculated
    $452,429
    From this org
    $0
    From related orgs
    $440,666
    Other
    $11,763
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,466 related
    Bonus
    $0
    Other
    $0 + $7,200 related
    Deferred
    $0 + $5,651 related
    Nontaxable benefits
    $0 + $6,112 related
    Filer's total
    $0 + $452,429 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION, MASONIC HOMES OF KENTUCKY, USES ALL OF THE ITEMS LISTED TO ESTABLISH COMPENSATION OF THE CEO.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202343129349303219

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