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Nonprofiteer
← Renaissance Child Development Center

Form 990 for tax year 2022

Filed by Renaissance Child Development Center.

Totals

Total revenue
$78,121
Total expenses
$392,114
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$47,000
Investment income
$31,121
Other revenue
$0
Total assets, end of year
$5,564,267
Total liabilities, end of year
$4,982,085
Net assets or fund balances, end of year
$582,182
Program services expenses (Part IX)
$373,277
Management and general expenses
$7,947
Fundraising expenses
$10,890
Program service expenses (Part III)
$373,277

Program services were 95.2% 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: PROGRAM ACTIVITY RENT

    total $47,000 · related or exempt $47,000

  • 3 · Investment income

    total $31,121 · excluded $31,121

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $89,376 · program services $75,130 · management and general $6,005 · fundraising $8,241

  • 20 · Interest

    total $53,228 · program services $53,228

  • 22 · Depreciation, depletion and amortization

    total $235,457 · program services $235,457

  • 23 · Insurance

    total $13,761 · program services $9,258 · management and general $1,898 · fundraising $2,605

  • 24a · Other expenses: BANK FEES

    total $292 · program services $204 · management and general $44 · fundraising $44

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,615 · end of year $323,330

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,286 · end of year $10,741

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

    $6,113,192

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

    $1,135,648

  • 10c · Land, buildings and equipment, net

    beginning of year $5,199,701 · end of year $4,977,544

  • 15 · Other assets

    beginning of year $264,636 · end of year $252,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,933 · end of year $18,830

  • 19 · Deferred revenue

    end of year $47,000

  • 23 · Secured mortgages and notes payable

    beginning of year $4,650,000 · end of year $4,650,000

  • 25 · Other liabilities

    beginning of year $181,130 · end of year $266,255

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $896,175 · end of year $582,182

Mission and programs · 2022

Mission

TO PROVIDE QUALITY AND HOLISTIC EARLY EDUCATION TO CHILDREN, AGES 0-5, LIVING IN THE RENAISSANCE AND LITTLE ROCK NEIGHBORHOODS FOR ANY FAMILIES WHO DESIRE IT AND TO NOT LET COST BE A BARRIER.

Activities or mission (Part I)

TO PROVIDE QUALITY AND HOLISTIC EARLY EDUCATION TO CHILDREN AGES 0-5.

  • TO PROVIDE AN AGE-APPROPRIATE AND SAFE SPACE FOR LEARNING AND GROWTH FOR CHILDREN AGES BIRTH TO PRE-K.

    Expenses $373,277 · Revenue $47,000

As filed on the 2022 return.

Listed in Part VII

  • David Jones

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Counts-Scoggins

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Keckeis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Rogers

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brian Morgan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William McDonald

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $170,262
    From this org
    $0
    From related orgs
    $145,898
    Other
    $24,364
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,898 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,181 related
    Nontaxable benefits
    $0 + $19,183 related
    Filer's total
    $0 + $170,262 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
COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS SET BY A RELATED ORGANIZATION, RENAISSANCE WEST COMMUNITY INITIATIVE ("RWCI"). THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF RWCI CONDUCTS THE ANNUAL PERFORMANCE AND COMPENSATION REVIEW OF THE CHIEF EXECUTIVE OFFICER AND THE COMPENSATION IS APPROVED BY THE FULL BOARD OF DIRECTORS.

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
14 September 2023
IRS schema version
2022v5.0
Source object
202312709349300636

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