King's Daughters Day Home
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$1,328,600.00
Projected Expenses
$1,328,600.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| king's daughters day home irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,530,671.00 | $1,871,998.00 | $1,613,629.00 |
| Total Expenses | $1,273,220.00 | $1,239,785.00 | $1,108,435.00 |
| Revenue Less Expenses | $257,451.00 | $632,213.00 | $505,194.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $476,114.00 | $658,397.00 | $580,861.00 |
| Contributions, Gifts, and Grants | $282,585.00 | $509,593.00 | $640,068.00 |
| Indirect Public Support | $222,141.00 | $108,000.00 | $108,000.00 |
| Earned Revenue | $505,995.00 | $522,017.00 | $235,300.00 |
| Investment Income, Net of Losses | $40,081.00 | $67,896.00 | $40,671.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $3,791.00 | $7,095.00 | $8,729.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,130,212.00 | $1,110,191.00 | $972,604.00 |
| Administration Expense | $141,767.00 | $125,096.00 | $133,748.00 |
| Fundraising Expense | $1,241.00 | $4,498.00 | $2,083.00 |
| Total Revenue/Total Expenses | 120% | 151% | 146% |
| Program Expense/Total Expenses | 89% | 90% | 88% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $505,995.00 | Government Grants $658,397.00 | Contributions, Gifts, and Grants $640,068.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $476,114.00 | Program Revenue $522,017.00 | Government Grants $580,861.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $282,585.00 | Contributions, Gifts, Grants $509,593.00 | Program Revenue $235,300.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $4,185,160.00 | $3,864,688.00 | $3,610,021.00 |
| Current Assets | $460,969.00 | $922,252.00 | $773,219.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $142,658.00 |
| Current Liabilities | $45,047.00 | $40,415.00 | $44,896.00 |
| Total Net Assets | $4,140,113.00 | $3,824,273.00 | $3,422,467.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The King's Daughters Child Development Center gives financial assistance to our families through offering a sliding scale and receiving state certificates which is below the average rate for child care. Therefore, we have to find a way to raise the funds to bridge the gap between operational expenses and costs of client services. We also have a highly trained staff and the costs for salaries and professional development are of high priority of our financial needs. Families and children are always met with respect and care regardless of where they are in life's journey. We help prepare the children for kindergarten and for success in life by using the Reggio Inspired approach/emergent curriculum. We operate from 7:30am-4:30pm, Monday-Friday serving hot breakfast and lunch as well as a healthy afternoon snack. we are a Licensed Three Star Center and adhere to Naeyc codes of conduct. |
Foundation Staff Comments
| Financial Figures taken from the 990. Schedule B was removed to protect donor privacy. Financial documents prepared by Blankenship CPA Group, PLLC. Comment provided by Hayley Sulfridge 2/14/24. |
