Merrifield Child Development Academy FY2021 filing

Tax-deductible

Falls Church, VA501(c)(3)EducationEIN 45-3213444Revenue $259K in FY2021

On file with the IRS8122 Ransell Rd, 22042-1016 · Falls Church, VATax-exempt since Sep 2014School — 170(b)(1)(A)(ii)

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The Academy is organized exclusively for childcare, educational religious and charitable purposes, primary focus on childcare

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $15K a year · 4% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
35 mo
of spending, in cash
Looks good: 35.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$259K
Spent
$211K
To programs
78%
Net assets
$622K
By yearFY2021–FY2023
Revenue
$259K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$259K
FY2022$444K
FY2023$398K
FY2023$168K
Expenses
$211K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$211K
FY2022$365K
FY2023$481K
FY2023$357K
Net assets
$622K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$622K
FY2022$701K
FY2023$618K
FY2023$0

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Sep 2014.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $165K Management & general 21% · $44K

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

5 people listed on the 990; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$41,561Pt VII · Sec A
$14,977Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Deserie Roane’s $42K as Director is at the 33rd percentile of top reported officer pay among 1613 $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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2023FY2023FY2022FY2021
Deserie Roane$41,760$66,905——
Susan Thibeaudea—$33,500$57,853—
Susan Thibaudea———$41,561
Camille Coleman———$14,977

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Provides childcare and educational services for children.

Provided by the organization

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1 program · $165K · in their own filed words · FY2020
01

Academy school year and summer program activities for toddlers and after-school program for elementary-level school children

$165Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Fees for servicesLn 2g$213K
Gifts and grantsLn 1h$45K
Investment incomeLn 3$2K
Money outPt IX
$211K
Ln 25
Programscol B$165K
Managementcol C$44K
Owns and owesPt X
$622K
net assets · Ln 32
Cash and savingsLn 1–2$622K
Total assetsLn 16$622K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Government grantsLn 1e$45K
Fees for servicesLn 2g$213K
Investment incomeLn 3$2K
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$167K
SavingsLn 2$454K
Cash and savings togetherLn 1–2$622K
Total assetsLn 16$622K
LiabilitiesLn 26$0
Net assetsLn 32$622K
OperationsPt I, VI
EmployeesI 516
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$573K$622K
Total assetsLn 16$573K$622K
LiabilitiesLn 26$0$0
Net assetsLn 32$573K$622K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$57K$57K
Pay of disqualified personsLn 6$69K$69K
Payroll taxesLn 10$11K$11K
Management feesLn 11a$4K$4K
Accounting feesLn 11c$600$600
Office expensesLn 13$5K$5K
OccupancyLn 16$39K$39K
InsuranceLn 23$3K$2K
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$211K$165K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 $398K$481K−$83K$618K 990 PDF
FY2022 $444K$365K$79K$701K 990 PDF
FY2021 Viewing $259K$211K$49K$622K 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 (6 parts)
Part I · Summary $259,352 revenue, 12 lines filed
I-8 Contributions and grants$44,853
I-9 Program service revenuePrior year $498,778$212,948
I-10 Investment incomePrior year $1,359$1,551
I-11 Other revenue$0
I-12 Total revenuePrior year $500,137$259,352
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $304,330$136,043
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $78,144$74,641
I-18 Total expensesPrior year $382,474$210,684
I-19 Revenue less expensesPrior year $117,663$48,668
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $259,352 across 5 lines filed
VIII-1e Government grants$44,853
VIII-1h Total contributions, gifts and grants$44,853
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$212,948
VIII-3 Investment incomeExcluded from tax $1,551$1,551
VIII-12 Total revenueExcluded from tax $1,551$259,352
Part IX · Statement of functional expenses $210,684 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $56,538$56,538
IX-6 Pay of disqualified personsPrograms $68,942$68,942
IX-10 Payroll taxesPrograms $10,563$10,563
IX-11a Management feesPrograms $3,790$3,790
IX-11c Accounting feesManagement $600$600
IX-13 Office expensesManagement $5,048$5,048
IX-16 OccupancyManagement $38,748$38,748
IX-23 InsurancePrograms $1,873$2,853
IX-24 Other expenses (24a–d)Programs $12,176$12,176
IX-24e All other expensesPrograms $11,426$11,426
IX-25 Total functional expensesPrograms $165,308 · Management $44,396 · Fundraising $0$210,684
Part X · Balance sheet $621,503 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $120,078$167,195
X-2 Savings and temporary cash investmentsStart of year $452,758$454,308
X-16 Total assetsStart of year $572,836$621,503
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $572,836$621,503
X-33 Total liabilities and net assetsStart of year $572,836$621,503
Part XI · Reconciliation of net assets $621,503 net assets at year end
XI-1 Total revenue$259,352
XI-2 Total expenses$210,684
XI-3 Revenue less expenses$48,668
XI-4 Net assets at start of year$572,836
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$621,503

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

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