Childrens Development Academy INC FY2024 filing

Tax-deductible

Roswell, GA501(c)(3)EIN 58-1085443Revenue $2.8M in FY2024

On file with the IRScdakids.org89 Grove Way, 30075-4532 · Roswell, GATax-exempt since Nov 1969Publicly supported charity — 170(b)(1)(A)(vi)

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Mission: affording all children in our community high quality early education. Vision: best start. Brightest future. Every child.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$116K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $57K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$116K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $393K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$308K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+10% vs prior year
Spent
$3.0M
To programs
80%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$2.8M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.3M
FY2022$2.9M
FY2023$2.6M
FY2024$2.8M
FY2025$3.3M
Expenses
$3.0M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.0M
FY2022$2.5M
FY2023$2.7M
FY2024$3.0M
FY2025$3.0M
Net assets
$2.7M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.7M
FY2022$3.1M
FY2023$2.9M
FY2024$2.7M
FY2025$3.0M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1969.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.4M Management & general 9% · $289K Fundraising 11% · $329K

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

26 people listed on the 990; $116K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
CEO & Exec.
$115,903Pt VII · Sec A
Chair-Elect
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Margaret Decan—$115,903$146,644$110,381$110,973$111,570
Shelia Sillitto$80,271—————

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 high-quality early education to all local children for a brighter future.

Provided by the organization

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3 programs · $2.4M · in their own filed words · FY2023
01

In 2023-2024, the children's development academy (cda) provided high-quality, affordable early care and learning programs to more than 200 children from low-income families who otherwise would not have the opportunity to attend preschool. The cda serves preschool children ages 1 to 5, including three georgia pre-k classrooms.

$2.4Mprogram expense
02

Since 2010, the cda has offered three georgia pre-k classrooms that serve 60-66 children each year. In 2012, the cda was chosen for a six-week summer pilot program, the rising-k summer transition program, which served children deemed to be at risk of school failure without additional support for making the transition to kindergarten.

Pt IX · col B
03

The cda continues to meet or exceed the national standards for early care and learning programs. We have maintained accreditation by the national association for the education of young children (naeyc) since april 2014, including our most recent reaccreditation in may 2024.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 1 grant · $22K · 2019–2019
Unitemized GrantFY2019$22,400

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$329K
Other incomeLn 4–11$62K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.4M
Managementcol C$289K
Fundraisingcol D$329K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$535K
Total assetsLn 16$3.0M
LiabilitiesLn 26$308K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$154K
Fundraising eventsLn 1c$210K
Fees for servicesLn 2g$329K
Investment incomeLn 3$17K
Other incomeLn 4–11$62K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$535K
Cash and savings togetherLn 1–2$535K
InvestmentsLn 11–13$522K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$3.0M
LiabilitiesLn 26$308K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 557
VolunteersI 6204
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 FY24End FY24
Cash and savingsLn 1–2$724K$535K
InvestmentsLn 11–13$205K$522K
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$3.0M$3.0M
LiabilitiesLn 26$104K$308K
Net assetsLn 32$2.9M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$121K$99K$9K$13K
Other salaries and wagesLn 7$1.9M$1.6M$151K$205K
Pension plan contributionsLn 8$64K$49K$7K$8K
Other employee benefitsLn 9$56K$43K$6K$7K
Payroll taxesLn 10$137K$105K$14K$18K
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$3K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$10K$8K$926$1K
Information technologyLn 14$16K$13K$2K$2K
OccupancyLn 16$136K$103K$18K$15K
TravelLn 17$341$341
Depreciation, depletion and amortizationLn 22$136K$88K$42K$5K
InsuranceLn 23$37K$24K$12K$1K
Other expenses (24a–d)Ln 24$371K$320K$1K$50K
All other expensesLn 24e$6K$5K$982$150
Total functional expensesLn 25$3.0M$2.4M$289K$329K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$3.0M$332K$3.0M 990 PDF
FY2024 Viewing $2.8M$3.0M−$210K$2.7M 990 PDF
FY2023 $2.6M$2.7M−$135K$2.9M 990 PDF
FY2022 $2.9M$2.5M$375K$3.1M 990 PDF
FY2021 $2.3M$2.0M$311K$2.7M 990 PDF
FY2020 $1.8M$2.2M−$333K$2.4M 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 FY2024 990 (6 parts)
Part I · Summary $2,832,648 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,085,217$2,424,890
I-9 Program service revenuePrior year $240,488$329,016
I-10 Investment incomePrior year $3,243$16,891
I-11 Other revenuePrior year $246,840$61,851
I-12 Total revenuePrior year $2,575,788$2,832,648
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,970,835$2,301,670
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $739,647$740,944
I-18 Total expensesPrior year $2,710,482$3,042,614
I-19 Revenue less expensesPrior year −$134,694−$209,966
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,832,648 across 11 lines filed
VIII-1c Fundraising events$209,951
VIII-1e Government grants$1,234,976
VIII-1f All other contributions, gifts and grants$979,963
VIII-1g Noncash contributions (included above)$154,252
VIII-1h Total contributions, gifts and grants$2,424,890
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $329,016$329,016
VIII-3 Investment incomeExcluded from tax $16,891$16,891
VIII-6 Net rental income or lossExcluded from tax $55,250$55,250
VIII-8 Net income from fundraising eventsExcluded from tax $6,595$6,595
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6$6
VIII-12 Total revenueRelated to mission $329,022 · Unrelated business $0 · Excluded from tax $78,736$2,832,648
Part IX · Statement of functional expenses $3,042,614 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $98,746 · Management $9,496 · Fundraising $12,926$121,168
IX-7 Other salaries and wagesPrograms $1,567,342 · Management $150,723 · Fundraising $205,167$1,923,232
IX-8 Pension plan contributionsPrograms $49,023 · Management $6,646 · Fundraising $8,342$64,011
IX-9 Other employee benefitsPrograms $43,183 · Management $5,854 · Fundraising $7,348$56,385
IX-10 Payroll taxesPrograms $104,826 · Management $14,211 · Fundraising $17,837$136,874
IX-11c Accounting feesManagement $21,904$21,904
IX-11f Investment management feesManagement $3,033$3,033
IX-12 Advertising and promotionFundraising $3,112$3,112
IX-13 Office expensesPrograms $8,150 · Management $926 · Fundraising $1,125$10,201
IX-14 Information technologyPrograms $13,133 · Management $1,642 · Fundraising $1,642$16,417
IX-16 OccupancyPrograms $102,876 · Management $18,223 · Fundraising $14,560$135,659
IX-17 TravelPrograms $341$341
IX-22 Depreciation, depletion and amortizationPrograms $88,378 · Management $42,150 · Fundraising $5,439$135,967
IX-23 InsurancePrograms $24,283 · Management $11,581 · Fundraising $1,494$37,358
IX-24 Other expenses (24a–d)Programs $319,625 · Management $1,417 · Fundraising $49,903$370,945
IX-24e All other expensesPrograms $4,875 · Management $982 · Fundraising $150$6,007
IX-25 Total functional expensesPrograms $2,424,781 · Management $288,788 · Fundraising $329,045$3,042,614
Part X · Balance sheet $2,959,441 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $723,771$535,348
X-4 Accounts receivableStart of year $141,832$47,190
X-9 Prepaid expenses and deferred chargesStart of year $22,077$13,080
X-10c Land, buildings and equipment, netStart of year $1,944,482$1,842,092
X-11 Publicly traded securitiesStart of year $204,825$521,731
X-16 Total assetsStart of year $3,036,987$2,959,441
X-17 Accounts payable and accrued expensesStart of year $98,489$174,247
X-19 Deferred revenueStart of year $5,775$133,749
X-26 Total liabilitiesStart of year $104,264$307,996
X-27 Net assets without donor restrictionsStart of year $2,704,656$2,318,341
X-28 Net assets with donor restrictionsStart of year $228,067$333,104
X-32 Total net assets or fund balancesStart of year $2,932,723$2,651,445
X-33 Total liabilities and net assetsStart of year $3,036,987$2,959,441
Part XI · Reconciliation of net assets $2,651,445 net assets at year end
XI-1 Total revenue$2,832,648
XI-2 Total expenses$3,042,614
XI-3 Revenue less expenses−$209,966
XI-4 Net assets at start of year$2,932,723
XI-5 Net unrealized gains (losses) on investments$21,298
XI-8 Prior period adjustments−$92,608
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,651,445

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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