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Nonprofiteer
← PRECIOUS HEARTS DEVELOPMENT CENTER INC

Form 990 for tax year 2023

Filed by PRECIOUS HEARTS DEVELOPMENT CENTER INC.

Totals

Total revenue
$567,260
Total expenses
$471,109
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$567,260
Investment income
$0
Other revenue
$0
Total assets, end of year
$746,497
Total liabilities, end of year
$9,800
Net assets or fund balances, end of year
$736,697
Program services expenses (Part IX)
$452,183
Management and general expenses
$18,926
Fundraising expenses
$0
Program service expenses (Part III)
$452,183

Program services were 96.0% 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.

  • 2a · Program service revenue: CHILD CARE

    total $567,260 · related or exempt $567,260

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $279,027 · program services $279,027

  • 10 · Payroll taxes

    total $24,532 · program services $24,532

  • 11c · Fees: accounting

    total $4,750 · program services $4,750

  • 12 · Advertising and promotion

    total $50 · program services $50

  • 13 · Office expenses

    total $4,283 · management and general $4,283

  • 16 · Occupancy

    total $42,398 · program services $42,398

  • 22 · Depreciation, depletion and amortization

    total $25,773 · program services $25,773

  • 23 · Insurance

    total $14,343 · management and general $14,343

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $59,475 · program services $59,475

  • 24b · Other expenses: VEHICLE

    total $5,684 · program services $5,684

  • 24c · Other expenses: TELEPHONE

    total $3,118 · program services $3,118

  • 24d · Other expenses: FIRE PROTECTION

    total $3,083 · program services $3,083

  • 24e · All other expenses

    total $4,593 · program services $4,293 · management and general $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $561,815 · end of year $630,794

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

    $363,257

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

    $273,231

  • 10c · Land, buildings and equipment, net

    beginning of year $90,981 · end of year $90,026

  • 15 · Other assets

    beginning of year $25,677 · end of year $25,677

  • 25 · Other liabilities

    beginning of year $37,927 · end of year $9,800

  • 27 · Net assets without donor restrictions

    beginning of year $634,413 · end of year $736,697

  • 28 · Net assets with donor restrictions

    beginning of year $6,133 · end of year $0

Mission and programs · 2023

Mission

THE MISSION OF PRECIOUS HEARTS DEVELOPMENT CENTER, INC. IS TO PROVIDE CHILD CARE AND PRESCHOOL TO LOW INCOME FAMILIES.

Activities or mission (Part I)

PROVIDING DAY CARE AND PRESCHOOL SERVICES FOR UNDERPRIVILEGED CHILDREN

  • ENTITY IS A DAY CARE AND PRESCHOOL CENTER FOR UNDERPRIVILEGED CHILDREN

    Expenses $452,183 · Revenue $567,260

As filed on the 2023 return.

Listed in Part VII

  • Leah Britten

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    20

  • Lavora Cooper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    20

  • Hattie Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    20

  • Jaynie McCullum

    BOARD MEMBER

    Total calculated
    $50,245
    From this org
    $50,245
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Theresis Seals

    BOARD MEMBER

    Total calculated
    $5,744
    From this org
    $5,744
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Daphne Allen

    SECRETARY

    Total calculated
    $35,106
    From this org
    $35,106
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Mae Isom

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Joyce Marshel

    TREASURER

    Total calculated
    $0
    Hours/week
    20

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
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349305611

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