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Ashe Developmental Day School INC FY2023 filing

Tax-deductible

Jefferson, NC501(c)(3)Human Services EIN 56-1023052Revenue $588K in FY2023Latest return filed Nov 30, 2024

On file with the IRSJefferson, NCTax-exempt since Dec 2020Publicly supported — 509(a)(2)

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Five star non profit childcare agency. Licensed by the division of child development of NC. Children with special needs as well as typically developing children age 6 weeks to 12 years are served

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
1 of 4
filings with a surplus
Average deficit $53K a year · 10% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$259K
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$588K
-11% vs prior year
Spent
$681K
To programs
100%
Net assets
$90K
By yearFY2021–FY2024
Revenue
$588K
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$470K
FY2022$660K
FY2023$588K
FY2024$487K
Expenses
$681K
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$485K
FY2022$612K
FY2023$681K
FY2024$642K
Net assets
$90K
FY2023▼ -51%
Tap a bar for its year
Net assets by fiscal year
FY2021$187K
FY2022$183K
FY2023$90K
FY2024−$65K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2017-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Dec 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $680K Fundraising 0% · $1K

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Christina D Shatley
Chairman of the Board
$0Pt VII · Sec A
Ashley Sheets
Board Member
$0Pt VII · Sec A
Kevin Wonsick
Board Member
$0Pt VII · Sec A
Kimberly Barnes
Board Member
$0Pt VII · Sec A
Jonathan Jordan
Board Member
$0Pt VII · Sec A
Christina Shatley
Board Member
$0Pt VII · Sec A
See Ashe Developmental Day School INC executive salaries →

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 15aNo

Programs and updates

Provides licensed childcare for children with and without special needs, ages six weeks to twelve years.

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1 program · $680K · in their own filed words · FY2022
01

Center is a triple p provider (positive parenting program). Center activities: sids renewal TRAINING--CPR/FIRST aid renewal training--held annual fall festivals which raided awareness about healthy eating and the imortance of physical activiry.

$680Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$588K
Ln 12
Fees for servicesLn 2g$344K
Gifts and grantsLn 1h$244K
Money outPt IX
$681K
Ln 25
Programscol B$680K
Fundraisingcol D$1K
Owns and owesPt X
$90K
net assets · Ln 32
Cash and savingsLn 1–2$230K
Total assetsLn 16$349K
LiabilitiesLn 26$259K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$244K
Government grantsLn 1e$244K
Fees for servicesLn 2g$344K
Total revenueLn 12$588K
Assets in detailPt X, end of year
CashLn 1$74K
SavingsLn 2$157K
Cash and savings togetherLn 1–2$230K
Accounts receivableLn 4$21K
Land, buildings, equipmentLn 10c$98K
Total assetsLn 16$349K
LiabilitiesLn 26$259K
Net assetsLn 32$90K
OperationsPt I, VI
EmployeesI 542
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$227K$230K
Land, buildings, equipmentLn 10c$98K$98K
Total assetsLn 16$352K$349K
LiabilitiesLn 26$169K$259K
Net assetsLn 32$183K$90K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$506K$506K
Payroll taxesLn 10$40K$40K
Accounting feesLn 11c$5K$5K
Professional fundraising feesLn 11e$1K$1K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$551$551
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$78K$78K
All other expensesLn 24e$26K$26K
Total functional expensesLn 25$681K$680K$0$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 30, 2024 $487K$642K−$155K−$65K 990 PDF
FY2023 ViewingFiled with the IRS Mar 6, 2024 $588K$681K−$93K$90K 990 PDF
FY2022Filed with the IRS Jun 26, 2023 $660K$612K$49K$183K 990 PDF
FY2021Filed with the IRS Nov 14, 2023 $470K$485K−$15K$187K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $588,352 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $307,872$244,063
I-9 Program service revenuePrior year $352,551$344,289
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $660,423$588,352
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $495,480$546,069
I-16a Professional fundraising feesPrior year $1,232$1,173
I-17 Other expensesPrior year $115,189$134,252
I-18 Total expensesPrior year $611,901$681,494
I-19 Revenue less expensesPrior year $48,522−$93,142
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $588,352 across 4 lines filed
VIII-1e Government grants$244,063
VIII-1h Total contributions, gifts and grants$244,063
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $344,289$344,289
VIII-12 Total revenueRelated to mission $344,289 · Unrelated business $0 · Excluded from tax $0$588,352
Part IX · Statement of functional expenses $681,494 across 10 lines filed
IX-7 Other salaries and wagesPrograms $506,107$506,107
IX-10 Payroll taxesPrograms $39,962$39,962
IX-11c Accounting feesPrograms $5,444$5,444
IX-11e Professional fundraising feesFundraising $1,173$1,173
IX-11g Other fees for servicesPrograms $1,553$1,553
IX-12 Advertising and promotionPrograms $551$551
IX-22 Depreciation, depletion and amortizationPrograms $12,080$12,080
IX-23 InsurancePrograms $10,068$10,068
IX-24 Other expenses (24a–d)Programs $78,136$78,136
IX-24e All other expensesPrograms $26,420$26,420
IX-25 Total functional expensesPrograms $680,321 · Management $0 · Fundraising $1,173$681,494
Part X · Balance sheet $349,257 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,303$73,543
X-2 Savings and temporary cash investmentsStart of year $218,920$156,841
X-4 Accounts receivableStart of year $26,255$20,821
X-10c Land, buildings and equipment, netStart of year $98,052$98,052
X-16 Total assetsStart of year $351,530$349,257
X-17 Accounts payable and accrued expensesStart of year $1,367$1,571
X-23 Secured mortgages and notes payableStart of year $102,277$191,305
X-24 Unsecured notes and loans payableStart of year $64,902$66,539
X-26 Total liabilitiesStart of year $168,546$259,415
X-27 Net assets without donor restrictionsStart of year $182,984$89,842
X-32 Total net assets or fund balancesStart of year $182,984$89,842
X-33 Total liabilities and net assetsStart of year $351,530$349,257
Part XI · Reconciliation of net assets $89,842 net assets at year end
XI-1 Total revenue$588,352
XI-2 Total expenses$681,494
XI-3 Revenue less expenses−$93,142
XI-4 Net assets at start of year$182,984
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$89,842

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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