Lomas Child Development INC FY2024 filing

Tax-deductible

Albuquerque, NM501(c)(3)Since 1994EducationEIN 85-0417660Revenue $2.7M in FY2024

On file with the IRS12840 Lomas Blvd Ne, 87112-6269 · Albuquerque, NMTax-exempt since Nov 1994Publicly supported — 509(a)(2)

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Daycare and Early Education

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$242K 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

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 $178K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$242K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$633K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+30% vs prior year
Spent
$2.5M
To programs
72%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$2.1M
FY2023$2.1M
FY2024$2.7M
FY2024$2.3M
Expenses
$2.5M
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.4M
FY2022$1.8M
FY2023$2.1M
FY2024$2.5M
FY2024$2.3M
Net assets
$1.4M
FY2024▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$541K
FY2021$834K
FY2022$1.2M
FY2023$1.2M
FY2024$1.4M
FY2024$1.5M

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

Form 990 (PDF) Claim
You’re viewing the FY2024 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 Nov 1994.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $1.8M Management & general 28% · $700K

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; $242K 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
President//Treasurer
$241,905Pt VII · Sec A
VP/Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Pamela Bradley’s $264K as President//Treasurer is at the 92nd percentile of top reported officer pay among 3395 $1–10M education 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Pamela Bradley$263,925$241,905$217,719$172,738$169,287$166,242

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Lomas Child Development INC is an education nonprofit based in Albuquerque, NM, formed in 1994.

Provided by the organization

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1 program · $1.8M · in their own filed words · FY2023
01

Provide child care services and education. 165 total children are provided daycare and education services.

$1.8Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$24K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.8M
Managementcol C$700K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.0M
LiabilitiesLn 26$633K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$24K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$27K
Total assetsLn 16$2.0M
LiabilitiesLn 26$633K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 565
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$966K$1.2M
Land, buildings, equipmentLn 10c$30K$27K
Total assetsLn 16$1.2M$2.0M
LiabilitiesLn 26$48K$633K
Net assetsLn 32$1.2M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Pay of current officers, directors and key staffLn 5$258K$0$258K$0
Other salaries and wagesLn 7$1.3M$1.0M$287K$0
Other employee benefitsLn 9$39K$26K$14K$0
Payroll taxesLn 10$119K$78K$41K$0
Accounting feesLn 11c$18K$0$18K$0
Other fees for servicesLn 11g$6K$6K$0$0
Advertising and promotionLn 12$13K$0$13K$0
OccupancyLn 16$200K$190K$10K$0
InterestLn 20$1K$0$1K$0
Depreciation, depletion and amortizationLn 22$3K$3K$0$0
Other expenses (24a–d)Ln 24$351K$346K$5K$0
All other expensesLn 24e$134K$81K$53K$0
Total functional expensesLn 25$2.5M$1.8M$700K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.7M$2.5M$233K$1.4M 990 PDF
FY2023 $2.1M$2.1M−$11K$1.2M 990 PDF
FY2022 $2.1M$1.8M$334K$1.2M 990 PDF
FY2021 $1.7M$1.4M$293K$834K 990 PDF
FY2020 $1.7M$1.6M$41K$541K 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 $2,698,153 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,066,371$2,674,440
I-10 Investment incomePrior year $6,254$23,713
I-11 Other revenue$0
I-12 Total revenuePrior year $2,072,625$2,698,153
I-13 Grants and similar amounts paidPrior year $2,798$2,600
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,401,675$1,735,978
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $679,643$726,343
I-18 Total expensesPrior year $2,084,116$2,464,921
I-19 Revenue less expensesPrior year −$11,491$233,232
Part VI · Governance 2 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,698,153 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,674,440
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $23,713$23,713
VIII-12 Total revenueRelated to mission $2,674,440 · Unrelated business $0 · Excluded from tax $23,713$2,698,153
Part IX · Statement of functional expenses $2,464,921 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $2,600$2,600
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $258,208 · Fundraising $0$258,208
IX-7 Other salaries and wagesPrograms $1,032,977 · Management $287,156 · Fundraising $0$1,320,133
IX-9 Other employee benefitsPrograms $25,607 · Management $13,519 · Fundraising $0$39,126
IX-10 Payroll taxesPrograms $77,562 · Management $40,949 · Fundraising $0$118,511
IX-11c Accounting feesPrograms $0 · Management $17,743 · Fundraising $0$17,743
IX-11g Other fees for servicesPrograms $6,481 · Management $0 · Fundraising $0$6,481
IX-12 Advertising and promotionPrograms $0 · Management $13,427 · Fundraising $0$13,427
IX-16 OccupancyPrograms $189,585 · Management $9,978 · Fundraising $0$199,563
IX-20 InterestPrograms $0 · Management $1,399 · Fundraising $0$1,399
IX-22 Depreciation, depletion and amortizationPrograms $2,665 · Management $0 · Fundraising $0$2,665
IX-24 Other expenses (24a–d)Programs $346,209 · Management $5,251 · Fundraising $0$351,460
IX-24e All other expensesPrograms $80,858 · Management $52,747 · Fundraising $0$133,605
IX-25 Total functional expensesPrograms $1,764,544 · Management $700,377 · Fundraising $0$2,464,921
Part X · Balance sheet $2,023,263 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $10,784$33,513
X-2 Savings and temporary cash investmentsStart of year $955,429$1,172,558
X-3 Pledges and grants receivable$11,464
X-4 Accounts receivableStart of year $207,769$182,024
X-10c Land, buildings and equipment, netStart of year $30,099$27,434
X-14 Intangible assets$596,270
X-16 Total assetsStart of year $1,204,853$2,023,263
X-17 Accounts payable and accrued expensesStart of year $47,601$48,073
X-25 Other liabilitiesStart of year $0$584,706
X-26 Total liabilitiesStart of year $47,601$632,779
X-27 Net assets without donor restrictionsStart of year $1,157,252$1,390,484
X-32 Total net assets or fund balancesStart of year $1,157,252$1,390,484
X-33 Total liabilities and net assetsStart of year $1,204,853$2,023,263
Part XI · Reconciliation of net assets $1,390,484 net assets at year end
XI-1 Total revenue$2,698,153
XI-2 Total expenses$2,464,921
XI-3 Revenue less expenses$233,232
XI-4 Net assets at start of year$1,157,252
XI-10 Net assets at end of year$1,390,484

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

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