Akron Balanced Child Development Center INC

Tax-deductible

Akron, CO501(c)(3)Human ServicesEIN 84-1267250Revenue $335K in FY2024

On file with the IRS481 Ash Ave, 80720-1216 · Akron, COTax-exempt since Nov 1994Publicly supported — 509(a)(2)

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Provide Akron and surrounding communities with quality child care, early childhood education and youth activities.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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
4 of 5
filings with a surplus
Average surplus $32K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$48K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$335K
-30% vs prior year
Spent
$368K
To programs
92%
Net assets
$319K
By yearFY2020–FY2024
Revenue
$335K
FY2024▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$350K
FY2021$370K
FY2022$386K
FY2023$480K
FY2024$335K
Expenses
$368K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$277K
FY2021$352K
FY2022$358K
FY2023$406K
FY2024$368K
Net assets
$319K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$218K
FY2021$236K
FY2022$268K
FY2023$342K
FY2024$319K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1994.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $339K Management & general 8% · $29K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Akron Balanced Child Development Center INC executive salaries →

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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 15aNo

Programs and updates

Offers quality childcare, early education, and youth activities in Akron and nearby areas.

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Provided by the organization

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1 program · $339K · in their own filed words · FY2024
01

Provided daycare for children aged six weeks to twelve years. Discounts offered to parents and staff. Recreational programs, meals, and transportation are also provided.

$339Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$335K
Ln 12
Fees for servicesLn 2g$229K
Gifts and grantsLn 1h$103K
Other incomeLn 4–11$2K
Money outPt IX
$368K
Ln 25
Programscol B$339K
Managementcol C$29K
Owns and owesPt X
$319K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$366K
LiabilitiesLn 26$48K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$103K
Government grantsLn 1e$52K
Fees for servicesLn 2g$229K
Investment incomeLn 3$246
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$335K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$17K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$340K
Other assetsLn 15$0
Total assetsLn 16$366K
LiabilitiesLn 26$48K
Net assetsLn 32$319K
OperationsPt I, VI
EmployeesI 512
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$26K$17K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$362K$340K
Total assetsLn 16$396K$366K
LiabilitiesLn 26$55K$48K
Net assetsLn 32$342K$319K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$259K$232K$26K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$23K$22K$1K
Management feesLn 11a$453$453
Legal feesLn 11b$897$700$197
Accounting feesLn 11c$720$500$220
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$2K$1K$1K
Information technologyLn 14$242$242
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$1K$1K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$38K$38K
All other expensesLn 24e$8K$8K$338
Total functional expensesLn 25$368K$339K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $335K$368K−$34K$319K 990 PDF
FY2023 $480K$406K$74K$342K 990 PDF
FY2022 $386K$358K$28K$268K 990 PDF
FY2021 $370K$352K$18K$236K 990 PDF
FY2020 $350K$277K$73K$218K 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 $334,601 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $252,555$103,487
I-9 Program service revenuePrior year $226,772$229,165
I-10 Investment incomePrior year $61$246
I-11 Other revenuePrior year $677$1,703
I-12 Total revenuePrior year $480,065$334,601
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $317,092$281,769
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,737$86,604
I-18 Total expensesPrior year $405,829$368,373
I-19 Revenue less expensesPrior year $74,236−$33,772
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $334,601 across 11 lines filed
VIII-1e Government grants$51,987
VIII-1f All other contributions, gifts and grants$51,500
VIII-1h Total contributions, gifts and grants$103,487
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $229,165$229,165
VIII-3 Investment incomeRelated to mission $246$246
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,703$1,703
VIII-12 Total revenueRelated to mission $231,114$334,601
Part IX · Statement of functional expenses $368,373 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $232,214 · Management $26,324$258,538
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $22,231 · Management $1,000$23,231
IX-11a Management feesPrograms $453$453
IX-11b Legal feesPrograms $700 · Management $197$897
IX-11c Accounting feesPrograms $500 · Management $220$720
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,300 · Management $1,000$2,300
IX-14 Information technologyPrograms $242$242
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $1,300$1,300
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $23,926$23,926
IX-23 InsurancePrograms $10,701$10,701
IX-24 Other expenses (24a–d)Programs $37,958$37,958
IX-24e All other expensesPrograms $7,769 · Management $338$8,107
IX-25 Total functional expensesPrograms $339,294 · Management $29,079 · Fundraising $0$368,373
Part X · Balance sheet $366,367 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $4,023$10,379
X-2 Savings and temporary cash investmentsStart of year $22,454$7,078
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $8,458$8,771
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $361,565$340,139
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $396,500$366,367
X-17 Accounts payable and accrued expensesStart of year $781$277
X-25 Other liabilitiesStart of year $15,905$2,486
X-26 Total liabilitiesStart of year $54,550$47,574
X-32 Total net assets or fund balancesStart of year $341,950$318,793
X-33 Total liabilities and net assetsStart of year $396,500$366,367
Part XI · Reconciliation of net assets $318,793 net assets at year end
XI-1 Total revenue$334,601
XI-2 Total expenses$368,373
XI-3 Revenue less expenses−$33,772
XI-4 Net assets at start of year$341,950
XI-8 Prior period adjustments$10,615
XI-10 Net assets at end of year$318,793

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

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