Hoboken Day Care 100 Program FY2021 filing

Tax-deductible

Hoboken, NJ501(c)(3)Human ServicesEIN 22-1986978Revenue $637K in FY2021

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To provide low cost child Care services to residents of the area with a focus on low and middle income eligible families.

501(c)(3) charity; gifts are tax-deductible.
96¢ 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
3 of 5
filings with a surplus
Average surplus $43K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$637K
+24% vs prior year
Spent
$599K
To programs
96%
Net assets
$444K
By yearFY2020–FY2024
Revenue
$637K
FY2021▲ +24%
Revenue by fiscal year
FY2020$513K
FY2021$637K
FY2022$1.1M
FY2023$1.4M
FY2024$1.6M
Expenses
$599K
FY2021▲ +11%
Expenses by fiscal year
FY2020$541K
FY2021$599K
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
Net assets
$444K
FY2021▲ +9%
Net assets by fiscal year
FY2020$406K
FY2021$444K
FY2022$313K
FY2023$438K
FY2024$198K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Form 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 Mar 1974.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $574K Management & general 4% · $25K

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hoboken Day Care 100 Program executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable childcare for local low and middle-income families.

Provided by the organization

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4 programs · $993K · in their own filed words · FY2020
01

Day Care Program

Provides child care services to children ages 8 weeks to 13 years of age to residents of the area with a focus on low and middle income eligible families. Within a year, 150 families are served.

$574Kprogram expense
02

Day Care Program

Provides child care services to children ages 8 weeks to 13 years of age to residents of the area with a focus on low and middle income eligible families. Within a year, 150 families are served.

$419Kprogram expense
03

Food Program

Provides nutritional meals to children in day care service. Within a year, more than 95,000 meals are served.

Pt IX · col B
04

Food Program

Provides nutritional meals to children in day care service. Within a year, more than 95,000 meals are served.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$637K
Ln 12
Fees for servicesLn 2g$383K
Gifts and grantsLn 1h$253K
Investment incomeLn 3$1K
Money outPt IX
$599K
Ln 25
Programscol B$574K
Managementcol C$25K
Owns and owesPt X
$444K
net assets · Ln 32
Cash and savingsLn 1–2$443K
Total assetsLn 16$469K
LiabilitiesLn 26$25K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$253K
Government grantsLn 1e$201K
Fees for servicesLn 2g$383K
Investment incomeLn 3$1K
Total revenueLn 12$637K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$443K
Total assetsLn 16$469K
LiabilitiesLn 26$25K
Net assetsLn 32$444K
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.4M$186K$198K 990 PDF
FY2023 $1.4M$1.3M$124K$438K 990 PDF
FY2022 $1.1M$1.2M−$106K$313K 990 PDF
FY2021 Viewing $637K$599K$38K$444K 990 PDF
FY2020 $513K$541K−$28K$406K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (1 part)
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

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

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