Skip to content
Nonprofiteer
← PRECIOUS HEARTS DEVELOPMENT CENTER INC

Form 990 for tax year 2022

Filed by PRECIOUS HEARTS DEVELOPMENT CENTER INC.

Totals

Total revenue
$611,465
Total expenses
$414,978
Contributions and grants received
$145,474
Grants paid
$0
Program service revenue
$465,991
Investment income
$0
Other revenue
$0
Total assets, end of year
$678,473
Total liabilities, end of year
$37,927
Net assets or fund balances, end of year
$640,546
Program services expenses (Part IX)
$394,046
Management and general expenses
$20,932
Fundraising expenses
$0
Program service expenses (Part III)
$394,046

Program services were 95.0% 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)

    $108,098

  • 1f · All other contributions, gifts and grants

    $37,376

  • 2a · Program service revenue: CHILD CARE

    total $465,991 · related or exempt $465,991

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $263,252 · program services $263,252

  • 10 · Payroll taxes

    total $24,848 · program services $24,848

  • 11c · Fees: accounting

    total $2,155 · program services $2,155

  • 12 · Advertising and promotion

    total $200 · program services $200

  • 13 · Office expenses

    total $7,547 · management and general $7,547

  • 14 · Information technology

    total $1,389 · management and general $1,389

  • 16 · Occupancy

    total $35,992 · program services $35,992

  • 22 · Depreciation, depletion and amortization

    total $13,778 · program services $13,778

  • 23 · Insurance

    total $11,363 · management and general $11,363

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $34,176 · program services $34,176

  • 24b · Other expenses: VEHICLE

    total $10,113 · program services $10,113

  • 24c · Other expenses: PAYROLL TAX PENALTY

    total $3,806 · program services $3,806

  • 24d · Other expenses: TELEPHONE

    total $2,175 · program services $2,175

  • 24e · All other expenses

    total $4,184 · program services $3,551 · management and general $633

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $353,250 · end of year $561,815

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

    $338,440

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

    $247,459

  • 10c · Land, buildings and equipment, net

    beginning of year $77,667 · end of year $90,981

  • 15 · Other assets

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

  • 25 · Other liabilities

    beginning of year $12,535 · end of year $37,927

  • 27 · Net assets without donor restrictions

    beginning of year $444,059 · end of year $634,413

  • 28 · Net assets with donor restrictions

    end of year $6,133

Mission and programs · 2022

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 $394,046 · Revenue $465,991

As filed on the 2022 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
    $48,240
    From this org
    $48,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Theresis Seals

    BOARD MEMBER

    Total calculated
    $4,343
    From this org
    $4,343
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Daphne Allen

    SECRETARY

    Total calculated
    $34,020
    From this org
    $34,020
    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
2022
Filed
16 November 2023
IRS schema version
2022v5.0
Source object
202323209349303812

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.