Paradise Childcare Corp FY2021 filing

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The primary exempt purpose of Paradise Childcare corporation is for charitable and educational purposes, providing Childcare services in a safe and caring environment.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $203K a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $750K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$87K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$854K
+35% vs prior year
Spent
$609K
To programs
75%
Net assets
$303K
By yearFY2020–FY2024
Revenue
$854K
FY2021▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$631K
FY2021$854K
FY2022$1.1M
FY2023$1.1M
FY2024$1.0M
Expenses
$609K
FY2021▼ -0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020$613K
FY2021$609K
FY2022$765K
FY2023$919K
FY2024$875K
Net assets
$303K
FY2021▲ +420%
Tap a bar for its year
Net assets by fiscal year
FY2020$58K
FY2021$303K
FY2022$679K
FY2023$888K
FY2024$1.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $460K Management & general 25% · $149K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Paradise Childcare Corp executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides childcare services in a safe and caring environment.

Questions for Paradise Childcare Corp

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Your first name shows with your question. Paradise Childcare Corp answers here, for everyone.

1 program · $460K · in their own filed words · FY2021
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.

$460Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$854K
Ln 12
Fees for servicesLn 2g$792K
Gifts and grantsLn 1h$62K
Money outPt IX
$609K
Ln 25
Programscol B$460K
Managementcol C$149K
Owns and owesPt X
$303K
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$390K
LiabilitiesLn 26$87K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Government grantsLn 1e$62K
Fees for servicesLn 2g$792K
Total revenueLn 12$854K
Assets in detailPt X, end of year
CashLn 1$160K
Cash and savings togetherLn 1–2$160K
Land, buildings, equipmentLn 10c$230K
Total assetsLn 16$390K
LiabilitiesLn 26$87K
Net assetsLn 32$303K
OperationsPt I, VI
EmployeesI 520
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$42K$160K
Land, buildings, equipmentLn 10c$241K$230K
Total assetsLn 16$287K$390K
LiabilitiesLn 26$229K$87K
Net assetsLn 32$58K$303K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K$53K$18K
Other salaries and wagesLn 7$311K$233K$78K
Payroll taxesLn 10$29K$22K$7K
Advertising and promotionLn 12$14K$11K$4K
Office expensesLn 13$9K$7K$2K
Information technologyLn 14$17K$13K$4K
OccupancyLn 16$79K$59K$20K
Conferences, conventions and meetingsLn 19$17K$13K$4K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$7K$5K$2K
Other expenses (24a–d)Ln 24$43K$32K$11K
Total functional expensesLn 25$609K$460K$149K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $1.0M$875K$165K$1.1M 990 PDF
FY2023Filed with the IRS Aug 23, 2024 $1.1M$919K$209K$888K 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $1.1M$765K$376K$679K 990 PDF
FY2021 ViewingFiled with the IRS Feb 8, 2023 $854K$609K$245K$303K 990 PDF
FY2020Filed with the IRS Nov 22, 2021 $631K$613K$18K$58K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $854,011 revenue, 12 lines filed
I-8 Contributions and grants$61,708
I-9 Program service revenuePrior year $631,078$792,303
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $631,078$854,011
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $467,849$411,548
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $144,788$197,572
I-18 Total expensesPrior year $612,637$609,120
I-19 Revenue less expensesPrior year $18,441$244,891
Part VI · Governance 2 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $854,011 across 4 lines filed
VIII-1e Government grants$61,708
VIII-1h Total contributions, gifts and grants$61,708
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $792,303$792,303
VIII-12 Total revenueRelated to mission $792,303 · Unrelated business $0 · Excluded from tax $0$854,011
Part IX · Statement of functional expenses $609,120 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $53,100 · Management $17,700$70,800
IX-7 Other salaries and wagesPrograms $233,460 · Management $77,820$311,280
IX-10 Payroll taxesPrograms $22,101 · Management $7,367$29,468
IX-12 Advertising and promotionPrograms $10,847 · Management $3,617$14,464
IX-13 Office expensesPrograms $7,035 · Management $2,345$9,380
IX-14 Information technologyPrograms $12,510 · Management $4,170$16,680
IX-16 OccupancyPrograms $59,132 · Management $19,711$78,843
IX-19 Conferences, conventions and meetingsPrograms $12,684 · Management $4,228$16,912
IX-22 Depreciation, depletion and amortizationPrograms $11,288$11,288
IX-23 InsurancePrograms $5,330 · Management $1,777$7,107
IX-24 Other expenses (24a–d)Programs $32,174 · Management $10,724$42,898
IX-25 Total functional expensesPrograms $459,661 · Management $149,459 · Fundraising $0$609,120
Part X · Balance sheet $389,930 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $42,256$160,381
X-10c Land, buildings and equipment, netStart of year $240,837$229,549
X-16 Total assetsStart of year $287,233$389,930
X-24 Unsecured notes and loans payableStart of year $22,211$15,605
X-25 Other liabilitiesStart of year $122,501$71,177
X-26 Total liabilitiesStart of year $228,976$86,782
X-27 Net assets without donor restrictionsStart of year $58,257$303,148
X-32 Total net assets or fund balancesStart of year $58,257$303,148
X-33 Total liabilities and net assetsStart of year $287,233$389,930
Part XI · Reconciliation of net assets $303,148 net assets at year end
XI-1 Total revenue$854,011
XI-2 Total expenses$609,120
XI-3 Revenue less expenses$244,891
XI-4 Net assets at start of year$58,257
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$303,148

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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