The Parenting Cottage FY2020 filing

Tax-deductible

Lubbock, TX501(c)(3)Human ServicesEIN 75-1806027Revenue $758K in FY2020

On file with the IRSparentingcottage.org3818 50th St, 79413-3808 · Lubbock, TXTax-exempt since Apr 1982Publicly supported charity — 170(b)(1)(A)(vi)

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To build a strong community by first building strong families.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$70K 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

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $93K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $113K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$758K
Spent
$650K
To programs
91%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$758K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$758K
FY2021$810K
FY2022$828K
FY2023$950K
FY2024$1.1M
Expenses
$650K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$650K
FY2021$707K
FY2022$746K
FY2023$867K
FY2024$997K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.3M
FY2023$1.4M
FY2024$1.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1982.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $589K Management & general 9% · $60K Fundraising 0% · $425

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

16 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$70,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Carla Olson’s $90K as Executive Director is at the 25th 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carla Olson$90,000$82,500$80,000$81,500$70,000

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

Strengthens families to build a stronger community.

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Provided by the organization

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1 program · $589K · in their own filed words · FY2020
01

The parenting cottage provided a broad range of educational services to families in lubbock county, including the implementation of an in home visitation program utilizing a nationally recognized curriculum, parents as teachers, that provides parenting education, early childhood development education and tools for parents to move their…

$589Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$113K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$758K
Ln 12
Gifts and grantsLn 1h$746K
Investment incomeLn 3$12K
Money outPt IX
$650K
Ln 25
Programscol B$589K
Managementcol C$60K
Fundraisingcol D$425
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$940K
Total assetsLn 16$1.2M
LiabilitiesLn 26$17K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$746K
Government grantsLn 1e$497K
Noncash giftsLn 1g$13K
Investment incomeLn 3$12K
Total revenueLn 12$758K
Assets in detailPt X, end of year
CashLn 1$672K
SavingsLn 2$268K
Cash and savings togetherLn 1–2$940K
InvestmentsLn 11–13$4K
Land, buildings, equipmentLn 10c$90K
Total assetsLn 16$1.2M
LiabilitiesLn 26$17K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 511
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$825K$940K
InvestmentsLn 11–13$4K$4K
Land, buildings, equipmentLn 10c$99K$90K
Total assetsLn 16$1.0M$1.2M
LiabilitiesLn 26$14K$17K
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$70K$62K$8K
Other salaries and wagesLn 7$302K$274K$29K
Other employee benefitsLn 9$48K$44K$5K
Payroll taxesLn 10$29K$27K$2K
Accounting feesLn 11c$14K$14K
Office expensesLn 13$25K$22K$2K$425
Information technologyLn 14$7K$7K$721
OccupancyLn 16$15K$14K$1K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$4K$4K$257
Depreciation, depletion and amortizationLn 22$9K$8K$890
InsuranceLn 23$6K$5K$573
Other expenses (24a–d)Ln 24$113K$103K$10K
All other expensesLn 24e$551$551
Total functional expensesLn 25$650K$589K$60K$425

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$997K$86K$1.5M 990 PDF
FY2023 $950K$867K$83K$1.4M 990 PDF
FY2022 $828K$746K$82K$1.3M 990 PDF
FY2021 $810K$707K$104K$1.2M 990 PDF
FY2020 Viewing $758K$650K$108K$1.1M 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 FY2020 990 (6 parts)
Part I · Summary $758,103 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $771,623$746,198
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $16,574$11,905
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $788,197$758,103
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 $405,753$449,458
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $270,474$200,586
I-18 Total expensesPrior year $676,227$650,044
I-19 Revenue less expensesPrior year $111,970$108,059
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $758,103 across 7 lines filed
VIII-1a Federated campaigns$150,694
VIII-1e Government grants$497,419
VIII-1f All other contributions, gifts and grants$98,085
VIII-1g Noncash contributions (included above)$12,820
VIII-1h Total contributions, gifts and grants$746,198
VIII-3 Investment incomeExcluded from tax $11,905$11,905
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,905$758,103
Part IX · Statement of functional expenses $650,044 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $61,600 · Management $8,400$70,000
IX-7 Other salaries and wagesPrograms $273,638 · Management $28,849$302,487
IX-9 Other employee benefitsPrograms $43,736 · Management $4,705$48,441
IX-10 Payroll taxesPrograms $26,709 · Management $1,821$28,530
IX-11c Accounting feesPrograms $14,369$14,369
IX-13 Office expensesPrograms $22,039 · Management $2,379 · Fundraising $425$24,843
IX-14 Information technologyPrograms $6,675 · Management $721$7,396
IX-16 OccupancyPrograms $13,687 · Management $1,477$15,164
IX-17 TravelPrograms $6,018$6,018
IX-19 Conferences, conventions and meetingsPrograms $3,902 · Management $257$4,159
IX-22 Depreciation, depletion and amortizationPrograms $8,242 · Management $890$9,132
IX-23 InsurancePrograms $5,161 · Management $573$5,734
IX-24 Other expenses (24a–d)Programs $103,439 · Management $9,781$113,220
IX-24e All other expensesManagement $551$551
IX-25 Total functional expensesPrograms $589,215 · Management $60,404 · Fundraising $425$650,044
Part X · Balance sheet $1,152,440 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $562,246$671,990
X-2 Savings and temporary cash investmentsStart of year $263,176$267,695
X-3 Pledges and grants receivableStart of year $102,755$108,746
X-9 Prepaid expenses and deferred chargesStart of year $9,848$9,785
X-10c Land, buildings and equipment, netStart of year $99,380$90,248
X-11 Publicly traded securitiesStart of year $3,906$3,976
X-16 Total assetsStart of year $1,041,311$1,152,440
X-17 Accounts payable and accrued expensesStart of year $13,599$16,599
X-26 Total liabilitiesStart of year $13,599$16,599
X-27 Net assets without donor restrictionsStart of year $988,522$1,096,936
X-28 Net assets with donor restrictionsStart of year $39,190$38,905
X-32 Total net assets or fund balancesStart of year $1,027,712$1,135,841
X-33 Total liabilities and net assetsStart of year $1,041,311$1,152,440
Part XI · Reconciliation of net assets $1,135,841 net assets at year end
XI-1 Total revenue$758,103
XI-2 Total expenses$650,044
XI-3 Revenue less expenses$108,059
XI-4 Net assets at start of year$1,027,712
XI-5 Net unrealized gains (losses) on investments$70
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,135,841

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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