Paradise Childcare Corp EIN 20-8362821 Form 990 (PDF) Claim this org

Paradise Childcare Corp

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Provides childcare services in a safe and caring environment. For fiscal year 2024 it reported $1.0M in revenue, $875K in expenses, and $1.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Sunrise, FL
Filings
5 on file (2020–2024)
Revenue
$1.0MFY2024
Expenses
$875K
Net assets
$1.1M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-8362821 Public charity (501(c)(3)) Sunrise, FL
Form 990 (PDF)
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Size
$1–10M
What they do
Provides childcare services in a safe and caring environment.
Leadership
Dwayne Spence · Director
Money in and out
$1.0M revenue, $875K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$875K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $165K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs▲ +0.5% vs prior filing year
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate▲ +34% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▼ -14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.0M
FY2024▼ -8%
Expenses
$875K
FY2024▼ -5%
Total assets
$1.1M
FY2024▲ +19%
Total liabilities
$0
FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$875K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$165K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $666K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides childcare services in a childcare center. The services provided enable parents to be gainfully employed AND/OR attend training, while the children are cared for in an educational, safe and caring environment.

$666Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CParadise Childcare Corp
EINHdr · item D20-8362821
Principal addressHdr · item CSunrise, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFSep 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$1.0M
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$666K
Management & general24%$209K
Total functional expensesLn 25$875K

Balance Sheet

Part X · end of year
CashLn 1$682K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $682K · Operating expenses/yr $875K
9.4 months
Where the money goes
Program services
Program services $666K · Total expenses $875K
76%
Management & General
Management & general $209K · Total expenses $875K
24%
Fundraising
Fundraising $0 · Total expenses $875K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.0M
0%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $1.0M · Total revenue $1.0M
100%
Investment reliance
Investment income $0 · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $1.0M · Total expenses $875K
119%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $1.1M
-8%
Revenue CAGR
FY2020 $631K · FY2024 $1.0M
+13%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $875K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dwayne Spence · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $875K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $574K · Total expenses $875K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Revenue growth -8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$750K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$854K revenue · ⤓ 990 PDF
FY2020$631K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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