Madison Learning Center INC FY2020 filing

Tax-deductible

Madison, VA501(c)(3)Human ServicesEIN 84-2128523Revenue $514K in FY2020

On file with the IRSmadisonlearningcenterchildcare.orgPo Box 665, 22727-0665 · Madison, VATax-exempt since Dec 2019Publicly supported — 509(a)(2)

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The Madison Learning Center was created to fulfill the growing need for childcare and early childhood education in Madison county, virginia and the surrounding counties.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$37K 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
3 of 5
filings with a surplus
Average deficit $363 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $13K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$514K
Spent
$514K
To programs
82%
Net assets
$817K
By yearFY2020–FY2024
Revenue
$514K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$514K
FY2021$599K
FY2022$688K
FY2023$509K
FY2024$679K
Expenses
$514K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$514K
FY2021$535K
FY2022$593K
FY2023$672K
FY2024$677K
Net assets
$817K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$817K
FY2021$881K
FY2022$977K
FY2023$813K
FY2024$815K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2019.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $420K Management & general 16% · $83K Fundraising 2% · $11K

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

8 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
$37,072Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Cindy Decowski’s $44K as Director is at the 31st percentile of top reported officer pay among 2168 $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
Cindy Decowski$43,662$42,640$40,023$36,060$37,072

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 15aNo

Programs and updates

Provides childcare and early childhood education for local children.

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Provided by the organization

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1 program · $420K · in their own filed words · FY2020
01

To provide a year-round, safe, and closely supervised environment for children ages four weeks to five years old and before and after care for children to age twelve. We offer age-appropriate and educational programs in each classroom as well as a usda-approved program for lunch and snacks.

$420Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$13K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$514K
Ln 12
Fees for servicesLn 2g$339K
Gifts and grantsLn 1h$175K
Money outPt IX
$514K
Ln 25
Programscol B$420K
Managementcol C$83K
Fundraisingcol D$11K
Owns and owesPt X
$817K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$842K
LiabilitiesLn 26$25K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$175K
Government grantsLn 1e$124K
Fees for servicesLn 2g$339K
Total revenueLn 12$514K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Land, buildings, equipmentLn 10c$813K
Total assetsLn 16$842K
LiabilitiesLn 26$25K
Net assetsLn 32$817K
OperationsPt I, VI
EmployeesI 535
VolunteersI 68
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$24K$29K
Land, buildings, equipmentLn 10c$818K$813K
Total assetsLn 16$842K$842K
LiabilitiesLn 26$25K$25K
Net assetsLn 32$817K$817K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$37K$22K$11K$4K
Other salaries and wagesLn 7$313K$275K$31K$6K
Payroll taxesLn 10$32K$27K$4K$863
Accounting feesLn 11c$5K$5K
Office expensesLn 13$4K$2K$2K$503
OccupancyLn 16$59K$39K$20K
InterestLn 20$394$197$197
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$13K$9K$4K
Other expenses (24a–d)Ln 24$31K$26K$5K
All other expensesLn 24e$7K$6K$661
Total functional expensesLn 25$514K$420K$83K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $679K$677K$2K$815K 990 PDF
FY2023 $509K$672K−$164K$813K 990 PDF
FY2022 $688K$593K$95K$977K 990 PDF
FY2021 $599K$535K$64K$881K 990 PDF
FY2020 Viewing $514K$514K−$253$817K 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 $513,877 revenue, 12 lines filed
I-8 Contributions and grants$175,168
I-9 Program service revenue$338,709
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$513,877
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$381,741
I-16a Professional fundraising fees$0
I-17 Other expenses$132,389
I-18 Total expenses$514,130
I-19 Revenue less expenses−$253
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $513,877 across 5 lines filed
VIII-1e Government grants$124,420
VIII-1f All other contributions, gifts and grants$50,748
VIII-1h Total contributions, gifts and grants$175,168
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $338,709$338,709
VIII-12 Total revenueRelated to mission $338,709$513,877
Part IX · Statement of functional expenses $514,130 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $22,243 · Management $11,122 · Fundraising $3,707$37,072
IX-7 Other salaries and wagesPrograms $275,051 · Management $31,256 · Fundraising $6,251$312,558
IX-10 Payroll taxesPrograms $27,485 · Management $3,763 · Fundraising $863$32,111
IX-11c Accounting feesManagement $5,138$5,138
IX-13 Office expensesPrograms $1,771 · Management $1,771 · Fundraising $503$4,045
IX-16 OccupancyPrograms $39,068 · Management $19,505$58,573
IX-20 InterestPrograms $197 · Management $197$394
IX-22 Depreciation, depletion and amortizationPrograms $13,417$13,417
IX-23 InsurancePrograms $8,902 · Management $4,444$13,346
IX-24 Other expenses (24a–d)Programs $25,710 · Management $5,185$30,895
IX-24e All other expensesPrograms $5,920 · Management $661$6,581
IX-25 Total functional expensesPrograms $419,764 · Management $83,042 · Fundraising $11,324$514,130
Part X · Balance sheet $841,802 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $24,386$28,823
X-10c Land, buildings and equipment, netStart of year $817,800$812,979
X-16 Total assetsStart of year $842,186$841,802
X-17 Accounts payable and accrued expensesStart of year $17,532$24,243
X-19 Deferred revenueStart of year $7,842$1,000
X-26 Total liabilitiesStart of year $25,374$25,243
X-27 Net assets without donor restrictionsStart of year $816,812$816,559
X-32 Total net assets or fund balancesStart of year $816,812$816,559
X-33 Total liabilities and net assetsStart of year $842,186$841,802
Part XI · Reconciliation of net assets $816,559 net assets at year end
XI-1 Total revenue$513,877
XI-2 Total expenses$514,130
XI-3 Revenue less expenses−$253
XI-4 Net assets at start of year$816,812
XI-10 Net assets at end of year$816,559

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

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