Corridor Christian Early Learning Center EIN 83-1726996 Form 990 (PDF) Claim this org

Corridor Christian Early Learning Center

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Provides fun, activity-based early childhood education fostering spiritual and social growth. For fiscal year 2024 it reported $621K in revenue, $604K in expenses, and $88K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
North Liberty, IA
Website
www.corridorchristianelc.com
Filings
5 on file (2020–2024)
Revenue
$621KFY2024
Expenses
$604K
Net assets
$88K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-1726996 Public charity (501(c)(3)) North Liberty, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides fun, activity-based early childhood education fostering spiritual and social growth.
Leadership
Melissa Schilling · Executive Dir. · $57K
Money in and out
$621K revenue, $604K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$604K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $17K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +117% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$621K
FY2024▲ +25%
Expenses
$604K
FY2024▲ +5%
Total assets
$91K
FY2024▲ +23%
Total liabilities
$3K
FY2024▲ +9%
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$604K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$91K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCorridor Christian Early Learning Center
EINHdr · item D83-1726996
Principal addressHdr · item CNorth Liberty, IA
WebsiteHdr · item Jwww.corridorchristianelc.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFNov 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Dir.
$57,000Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Melissa Schilling’s $57K as Executive Dir. is at the 46th percentile of top reported officer pay among 2165 $100K–1M 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
Melissa Schilling$57,000$57,000$52,000$50,143$47,423

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 $529K of program spending, described in the organization's own filed words · FY2024.
01

Corridor christian early learning center ccelc provides quality child care services for area residents and serves 65-70 children daily. Ccelc offers INFANT-4 year old day care, a 4-5 year old pre-kindergarten program, a before and after school program, and summer programming for school-aged children.

$529Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$621K
Investment income$100
Total revenueLn 12$621K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$529K
Management & general12%$75K
Total functional expensesLn 25$604K

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$91K
Total liabilitiesLn 26$3K
Total net assetsLn 32$88K
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $604K
1.6 months
Where the money goes
Program services
Program services $529K · Total expenses $604K
88%
Management & General
Management & general $75K · Total expenses $604K
12%
Fundraising
Fundraising $0 · Total expenses $604K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $621K
0%
Government reliance
Government grants — · Total revenue $621K
Earned-income share
Program service revenue $621K · Total revenue $621K
100%
Investment reliance
Investment income $100 · Total revenue $621K
+0.02%
Program self-sufficiency
Program service revenue $621K · Total expenses $604K
103%
Growth & trend
Revenue growth (YoY)
This year $621K · Prior year $495K
+25%
Revenue CAGR
FY2020 $519K · FY2024 $621K
+5%
Net-asset trend (YoY)
End of year $88K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $621K · Expenses $604K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $91K
Net-asset ratio
Net assets $88K · Total assets $91K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $91K
0%
People & payroll
Highest Reported Total Compensation
Individual Melissa Schilling · Reported title Executive Dir. · Highest reported compensation $57K · Total expenses $604K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $532K · Total expenses $604K
88%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Revenue growth 25%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.7%
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.

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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 (Latest)$621K revenue · viewing · ⤓ 990 PDF
FY2023$495K revenue · ⤓ 990 PDF
FY2022$583K revenue · ⤓ 990 PDF
FY2021$520K revenue · ⤓ 990 PDF
FY2020$519K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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