Maiden Lane Educare EIN 31-1773417 Form 990 (PDF) Claim this org

Maiden Lane Educare

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Offers quality childcare and preschool education with Christian values and academic excellence. For fiscal year 2024 it reported $351K in revenue, $394K in expenses, and $74K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Springfield, OH
Website
www.maidenlane.org
Filings
5 on file (2020–2024)
Revenue
$351KFY2024
Expenses
$394K
Net assets
$74K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-1773417 Public charity (501(c)(3)) Springfield, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers quality childcare and preschool education with Christian values and academic excellence.
Leadership
Nikki Tackett · Administrator (jan-Oct) · $41K
Money in and out
$351K revenue, $394K expenses
Bottom line
87% program efficiency
Where the money goes · FY2024
Total revenue
$351K
Pt VIII · Ln 12
Total expenses
$394K
Pt IX · Ln 25
Net assets
$74K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$43K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▼ -1.0% vs prior filing year
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate▼ -48% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▼ -10546% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$351K
FY2024▲ +11%
Expenses
$394K
FY2024▲ +25%
Total assets
$74K
FY2024▼ -37%
Total liabilities
$0
FY2024
Total revenue
$351K
Pt VIII · Ln 12
Total expenses
$394K
Pt IX · Ln 25
Net assets
$74K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$43K
Total assetsPt X · Ln 16$74K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMaiden Lane Educare
EINHdr · item D31-1773417
Principal addressHdr · item CSpringfield, OH
WebsiteHdr · item Jwww.maidenlane.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B21)
Ruling yearIRS BMFFeb 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Administrator (jan-Oct)
$40,920Pt VII · Sec A
Administrator (aug-Dec)
$32,128Pt VII · Sec A
President
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nikki Tackett’s $41K as Administrator (jan-Oct) is at the 32nd percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

1 program service account for $341K of program spending, described in the organization's own filed words · FY2024.
01

Enrolled children in PRESCHOOL/NURSERY and PRESCHOOL/DAYCARE.

$341Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$351K
Other revenue$503
Total revenueLn 12$351K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$341K
Management & general13%$53K
Total functional expensesLn 25$394K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$74K
Total liabilitiesLn 26$0
Total net assetsLn 32$74K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses/yr $394K
2.3 months
Where the money goes
Program services
Program services $341K · Total expenses $394K
87%
Management & General
Management & general $53K · Total expenses $394K
13%
Fundraising
Fundraising $0 · Total expenses $394K
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 $351K
0%
Government reliance
Government grants — · Total revenue $351K
Earned-income share
Program service revenue $351K · Total revenue $351K
100%
Investment reliance
Investment income $0 · Total revenue $351K
0%
Program self-sufficiency
Program service revenue $351K · Total expenses $394K
89%
Growth & trend
Revenue growth (YoY)
This year $351K · Prior year $316K
+11%
Revenue CAGR
FY2020 $152K · FY2024 $351K
+23%
Net-asset trend (YoY)
End of year $74K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $351K · Expenses $394K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $74K
Net-asset ratio
Net assets $74K · Total assets $74K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $74K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nikki Tackett · Reported title ADMINISTRATOR (JAN-OCT) · Highest reported compensation $41K · Total expenses $394K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $259K · Total expenses $394K
66%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Revenue growth 11%

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 · FY2023
Total grants receivedfrom 1 funder$87

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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)$351K revenue · viewing · ⤓ 990 PDF
FY2023$316K revenue · ⤓ 990 PDF
FY2022$286K revenue · ⤓ 990 PDF
FY2021$278K revenue · ⤓ 990 PDF
FY2020$152K 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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