Childrens Weekday Program FY2023 filing

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EIN 47-3712417 Public charity (501(c)(3)) Arlington, VA NTEE B21
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2024
Revenue
$414K
FY2023▼ -17%
Expenses
$397K
FY2023▲ +8%

Form 990 for the fiscal year ending June 2023 (IRS tax year 2022).


Provides part-time preschool education for young children aged 16 months to 5 years. For fiscal year 2023 it reported $414K in revenue, $397K in expenses, and $262K in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Education
Location
Arlington, VA
Website
childrensweekdayprogram.com
Filings
4 on file (2021–2023)
Revenue
$414KFY2023
Expenses
$397K
Net assets
$262K
People
5
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Size
$100K–1M
What they do
Provides part-time preschool education for young children aged 16 months to 5 years.
Leadership
Stephanie Browne · Executive Director · $42K
Money in and out
$414K revenue, $397K expenses
Bottom line
72% program efficiency
Where the money goes · FY2023
Total revenue
$414K
Pt VIII · Ln 12
Total expenses
$397K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $17K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Program efficiency
72%
of spending reaches programs
Operating runway
12.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$420K
FY2023▲ +4%
Total liabilities
$158K
FY2023▲ +5%
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$420K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CChildrens Weekday Program
EINHdr · item D47-3712417
Principal addressHdr · item CArlington, VA
WebsiteHdr · item Jchildrensweekdayprogram.com
Year of formationHdr · item L2015
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B21)
Ruling yearIRS BMFMay 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$42,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Stephanie Browne’s $42K as Executive 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Stephanie Browne$42,000$42,000$42,000$37,299$31,173

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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Mission & Programs · Part III

Where the work happens

1 program service account for $286K of program spending, described in the organization's own filed words · FY2022.
01

Salaries and expenses of staff providing services costs of space rental and amounts paid for special programs and supplies. All expenses meet the objective of providing safe affordable child care based on a developmental philosophy and in compliance with state and local regulations to families seeking part-time early childhood education.

$286Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$382K · 92%
Contributions & grants$29K · 7%
Other revenue$3K · 1%
Program service revenue92%$382K
Contributions & grants7%$29K
Other revenue1%$3K
Investment income$48
— government grantsLn 1e$8K
Total revenueLn 12$414K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$286K
Management & general28%$111K
Total functional expensesLn 25$397K

Balance Sheet

Part X · end of year
CashLn 1$420K
Total assetsLn 16$420K
Total liabilitiesLn 26$158K
Total net assetsLn 32$262K
Months of cash on handcomputed12.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $420K · Operating expenses/yr $397K
12.7 months
Where the money goes
Program services
Program services $286K · Total expenses $397K
72%
Management & General
Management & general $111K · Total expenses $397K
28%
Fundraising
Fundraising $0 · Total expenses $397K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $20K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $29K · Total revenue $414K
7%
Government reliance
Government grants $8K · Total revenue $414K
2%
Earned-income share
Program service revenue $382K · Total revenue $414K
92%
Investment reliance
Investment income $48 · Total revenue $414K
+0.01%
Program self-sufficiency
Program service revenue $382K · Total expenses $397K
96%
Growth & trend
Revenue growth (YoY)
This year $414K · Prior year $496K
-17%
Net-asset trend (YoY)
End of year $262K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $414K · Expenses $397K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $420K
—
Net-asset ratio
Net assets $262K · Total assets $420K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $420K
0%
People & payroll
Highest Reported Total Compensation
Individual Stephanie Browne · Reported title Executive Director · Highest reported compensation $42K · Total expenses $397K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $312K · Total expenses $397K
79%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 28%——
Fundraising cost ratio 0%——
Revenue growth -17%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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$276

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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$341K revenue · ⤓ 990 PDF
FY2023$414K revenue · viewing · ⤓ 990 PDF
FY2022$496K revenue · ⤓ 990 PDF
FY2021$380K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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