Memorable Moments Youth Development Program INC FY2022 filing

Tax-deductible

Philadelphia, PA501(c)(3)Human ServicesEIN 45-5085836Revenue $2.3M in FY2022

On file with the IRSmemorablemoments.us7604 Ogontz Ave, 19150-1817 · Philadelphia, PATax-exempt since Dec 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to provide high quality early learning to children from low and moderate income families. We serve children from ages 2 months to 12 yrs old. Our main goal is to prepare children to become successful in school and become lifelong learners.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$75K 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

FY2022 · 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
4 of 5
filings with a surplus
Average surplus $93K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$213K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+11% vs prior year
Spent
$2.2M
To programs
98%
Net assets
$514K
By yearFY2020–FY2024
Revenue
$2.3M
FY2022▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.1M
FY2022$2.3M
FY2023$2.1M
FY2024$2.3M
Expenses
$2.2M
FY2022▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$1.9M
FY2022$2.2M
FY2023$2.1M
FY2024$2.2M
Net assets
$514K
FY2022▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$284K
FY2021$447K
FY2022$514K
FY2023$458K
FY2024$613K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Dec 2013.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $2.2M Management & general 2% · $43K

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

4 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$75,196Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Aida Rodriguez’s $77K as Executive Director is at the 15th percentile of top reported officer pay among 3869 $1–10M human services 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Davida Mccullough-Harris————$142,485
Aida Rodriguez$76,569$74,000$75,196$71,712$103,768

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers quality early education to young children from low-income families, preparing them for school and lifelong learning.

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Provided by the organization

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3 programs · $2.2M · in their own filed words · FY2022
01

We partnered with the city of philadlephia to offer quality pre-k services under the phila prek program. This program serves ages 3 and 4.

$987Kprogram expense
02

We provide high quality early learning education and care in a safe and nurturing environment. Our goal for 2022 was to continue to provide high quality services as we worked in partnership with parents and the community to provide a safe environmnet to ensure our students receive high quality education.

$787Kprogram expense
03

Employee Retention Credit

Government grant

$416Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$28

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.1M
Fees for servicesLn 2g$157K
Money outPt IX
$2.2M
Ln 25
Programscol B$2.2M
Managementcol C$43K
Owns and owesPt X
$514K
net assets · Ln 32
Cash and savingsLn 1–2$323K
Total assetsLn 16$727K
LiabilitiesLn 26$213K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$2.1M
Fees for servicesLn 2g$157K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$323K
Cash and savings togetherLn 1–2$323K
Land, buildings, equipmentLn 10c$157K
Total assetsLn 16$727K
LiabilitiesLn 26$213K
Net assetsLn 32$514K
OperationsPt I, VI
EmployeesI 570
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$179K$323K
Land, buildings, equipmentLn 10c$145K$157K
Total assetsLn 16$1.1M$727K
LiabilitiesLn 26$198K$213K
Net assetsLn 32$855K$514K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$849K$849K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$96K$96K
Management feesLn 11a$407K$407K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$186K$186K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$37K$17K$20K
OccupancyLn 16$425K$408K$18K
TravelLn 17$18K$18K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$13K$13K$719
InsuranceLn 23$59K$59K
Other expenses (24a–d)Ln 24$96K$95K$408
All other expensesLn 24e$14K$14K$76
Total functional expensesLn 25$2.2M$2.2M$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.3M$2.2M$153K$613K 990 PDF
FY2023 $2.1M$2.1M−$65K$458K 990 PDF
FY2022 Viewing $2.3M$2.2M$71K$514K 990 PDF
FY2021 $2.1M$1.9M$158K$447K 990 PDF
FY2020 $2.2M$2.0M$146K$284K 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 FY2022 990 (6 parts)
Part I · Summary $2,304,597 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,961,838$2,148,022
I-9 Program service revenuePrior year $113,872$156,575
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,075,710$2,304,597
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $493,103$952,714
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,143,945$1,280,819
I-18 Total expensesPrior year $1,637,048$2,233,533
I-19 Revenue less expensesPrior year $438,662$71,064
Part VI · Governance 0 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $2,304,597 across 4 lines filed
VIII-1e Government grants$2,148,022
VIII-1h Total contributions, gifts and grants$2,148,022
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $156,575$156,575
VIII-12 Total revenueRelated to mission $156,575 · Unrelated business $0 · Excluded from tax $0$2,304,597
Part IX · Statement of functional expenses $2,233,533 across 15 lines filed
IX-7 Other salaries and wagesPrograms $848,719$848,719
IX-9 Other employee benefitsPrograms $7,895$7,895
IX-10 Payroll taxesPrograms $96,100$96,100
IX-11a Management feesPrograms $407,458$407,458
IX-11c Accounting feesPrograms $11,000$11,000
IX-11g Other fees for servicesPrograms $185,927$185,927
IX-12 Advertising and promotionPrograms $9,716$9,716
IX-13 Office expensesPrograms $17,043 · Management $19,849$36,892
IX-16 OccupancyPrograms $407,630 · Management $17,847$425,477
IX-17 TravelPrograms $18,176$18,176
IX-20 InterestManagement $4,349$4,349
IX-22 Depreciation, depletion and amortizationPrograms $12,583 · Management $719$13,302
IX-23 InsurancePrograms $59,081$59,081
IX-24 Other expenses (24a–d)Programs $95,215 · Management $408$95,623
IX-24e All other expensesPrograms $13,742 · Management $76$13,818
IX-25 Total functional expensesPrograms $2,190,285 · Management $43,248 · Fundraising $0$2,233,533
Part X · Balance sheet $726,529 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $179,404$323,158
X-4 Accounts receivableStart of year $302,616$224,163
X-9 Prepaid expenses and deferred chargesStart of year $17,171$21,735
X-10c Land, buildings and equipment, netStart of year $145,277$157,473
X-16 Total assetsStart of year $1,052,220$726,529
X-17 Accounts payable and accrued expensesStart of year $47,699$62,769
X-26 Total liabilitiesStart of year $197,699$212,769
X-27 Net assets without donor restrictionsStart of year $854,521$513,760
X-32 Total net assets or fund balancesStart of year $854,521$513,760
X-33 Total liabilities and net assetsStart of year $1,052,220$726,529
Part XI · Reconciliation of net assets $513,760 net assets at year end
XI-1 Total revenue$2,304,597
XI-2 Total expenses$2,233,533
XI-3 Revenue less expenses$71,064
XI-4 Net assets at start of year$854,521
XI-9 Other changes in net assets−$411,825
XI-10 Net assets at end of year$513,760

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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