Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $66,976,526

• 1f · All other contributions, gifts and grants

  $1,218,404

• 2a · Program service revenue: PROGRAM MATCH REVENUE

  total $1,862,463 · related or exempt $1,862,463

• 3 · Investment income

  total $40,356 · excluded $40,356

• 7a · Gross sales of assets other than inventory

  other assets $148,086

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $148,086

• 7d · Net gain or loss

  total $148,086 · related or exempt $148,086

• 11a · Other revenue: OTHER

  total $1,792,675 · related or exempt $1,792,675

• 11e · Other revenue, total

  $1,792,675

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $566,719 · management and general $566,719

• 7 · Other salaries and wages

  total $11,957,527 · program services $9,309,957 · management and general $2,647,570

• 8 · Pension plan contributions

  total $117,326 · program services $83,448 · management and general $33,878

• 9 · Other employee benefits

  total $2,129,785 · program services $1,514,809 · management and general $614,976

• 10 · Payroll taxes

  total $500,398 · program services $355,908 · management and general $144,490

• 11g · Fees: other

  total $3,331,224 · program services $3,021,672 · management and general $309,552

• 12 · Advertising and promotion

  total $872 · program services $797 · management and general $75

• 13 · Office expenses

  total $1,153,160 · program services $1,117,954 · management and general $35,206

• 16 · Occupancy

  total $685,928 · program services $619,438 · management and general $66,490

• 17 · Travel

  total $254,041 · program services $121,432 · management and general $132,609

• 22 · Depreciation, depletion and amortization

  total $1,686,044 · management and general $1,686,044

• 23 · Insurance

  total $131,653 · program services $66,641 · management and general $65,012

• 24a · Other expenses: CHILDCARE

  total $36,900,761 · program services $36,900,761

• 24b · Other expenses: CLIENT EXPENSES

  total $8,962,198 · program services $8,962,110 · management and general $88

• 24c · Other expenses: PROGRAM MATCH EXPENSES

  total $1,862,463 · program services $1,862,463

• 24d · Other expenses: CLIENT SUPPORT SERVICES

  total $442,734 · program services $442,734

• 24e · All other expenses

  total $685,569 · program services $544,446 · management and general $141,123

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,650,613 · end of year $2,392,900

• 3 · Pledges and grants receivable

  beginning of year $7,925,718 · end of year $8,592,683

• 4 · Accounts receivable

  beginning of year $15,148

• 9 · Prepaid expenses and deferred charges

  beginning of year $559,331 · end of year $543,092

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

  $15,642,402

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

  $6,111,149

• 10c · Land, buildings and equipment, net

  beginning of year $272,287 · end of year $9,531,253

• 15 · Other assets

  beginning of year $0 · end of year $147,397

• 17 · Accounts payable and accrued expenses

  beginning of year $6,192,475 · end of year $6,045,420

• 19 · Deferred revenue

  beginning of year $4,998,535 · end of year $5,131,478

• 23 · Secured mortgages and notes payable

  beginning of year $300,000 · end of year $150,000

• 25 · Other liabilities

  beginning of year $0 · end of year $9,570,929

• 27 · Net assets without donor restrictions

  beginning of year -$67,913 · end of year $309,498

The filer's explanations (Part III)

PART I, LINE 3 - METHODS USED TO ESTABLISH CEO COMPENSATION

COMPENSATION IS PRESENTED TO THE EXECUTIVE COMMITTEE ANNUALLY AS PART OF THE ANNUAL CEO EVALUATION. ONCE THE EXECUTIVE COMMITTEE DETERMINES THE APPROPRIATE COMPENSATION, IT IS THEN PRESENTED TO THE BOARD FOR APPROVAL.