Wayne Reed Christian Childcare Center
615-244-9311
11 Lindsley Avenue #B
Nashville, TN 37210
Nashville, TN 37210
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$691,000.00
Projected Expenses
$691,000.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| wayne reed christian child care center irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $859,176.00 | $882,557.00 | |
| Total Expenses | $668,842.00 | $642,002.00 | |
| Revenue Less Expenses | ($-0.00) | $190,334.00 | $240,555.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $143,901.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $94,180.00 | |
| Contributions, Gifts, and Grants | $479,735.00 | $338,381.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $171,689.00 | $216,724.00 | |
| Investment Income, Net of Losses | $145,973.00 | $89,371.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $55,779.00 | $0.00 | |
| Revenue In-Kind | $6,000.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $504,477.00 | $465,839.00 | |
| Administration Expense | $146,365.00 | $158,163.00 | |
| Fundraising Expense | $18,000.00 | $18,000.00 | |
| Total Revenue/Total Expenses | 128% | 137% | |
| Program Expense/Total Expenses | 75% | 73% | |
| Fundraising Expense/Contributed Revenue | 3% | 3% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $479,735.00 | Contributions, Gifts, and Grants $338,381.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $171,689.00 | Program Revenue $216,724.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $145,973.00 | Foundations and Corporations $143,901.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $3,325,086.00 | $2,934,577.00 | |
| Current Assets | $3,015,886.00 | $2,597,860.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $42,592.00 | $33,704.00 | |
| Total Net Assets | $3,282,494.00 | $2,900,873.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$206,565.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
Anticipated In 3 Years
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants tab, as these amounts are not separated in Form 990. Form 990 was prepared by Mullins, Clemmons & Mayes, PLLC. Comments provided by Nicole Rose 11/15/2022. |
