Civic Intelligence

Chinatown Day Care Center Inc.

990 • Fiscal year 2014 • EIN 23-7129674

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 19, 2015

35-37 Division Street10002

(212) 431-3845

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.12x

Higher debt load relative to assets than 42% of similar nonprofits.

2014 filings • NTEE P • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

48th percentile

0.10x

Higher debt load relative to revenue than 48% of similar nonprofits.

2014 filings • NTEE P • $1M-$5M nonprofits • Source year 2014

Net Margin

67th percentile

5.6%

Higher net margin than 67% of similar nonprofits.

2014 filings • NTEE P • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

46th percentile

$75,670

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2014 filings • NTEE P • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$1,416,822

No earlier filing loaded for comparison.

Net Assets

$1,247,530

No earlier filing loaded for comparison.

Liabilities

$169,292

No earlier filing loaded for comparison.

Revenue

$1,674,021

No earlier filing loaded for comparison.

Expenses

$1,579,883

No earlier filing loaded for comparison.

Net Income

$94,138

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,416,822Liabilities 2014: $169,292Net Assets 2014: $1,247,5302014Assets 2015: $1,580,977Liabilities 2015: $168,246Net Assets 2015: $1,412,7312015Assets 2016: $1,573,409Liabilities 2016: $156,856Net Assets 2016: $1,416,5532016Assets 2017: $1,384,512Liabilities 2017: $252,774Net Assets 2017: $1,131,7382017Assets 2018: $1,351,938Liabilities 2018: $184,407Net Assets 2018: $1,167,5312018Assets 2019: $1,213,633Liabilities 2019: $217,831Net Assets 2019: $995,8022019Assets 2020: $1,141,589Liabilities 2020: $214,306Net Assets 2020: $927,2832020Assets 2021: $1,214,535Liabilities 2021: $178,787Net Assets 2021: $1,035,7482021Assets 2022: $1,583,886Liabilities 2022: $122,604Net Assets 2022: $1,461,2822022Assets 2023: $1,119,859Liabilities 2023: $17,931Net Assets 2023: $1,101,9282023Assets 2024: $744,601Liabilities 2024: $48,666Net Assets 2024: $695,9352024

Highlighted filing

2014

Assets$1,416,822
Liabilities$169,292
Net Assets$1,247,530

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,674,021Expenses 2014: $1,579,883Net Income 2014: $94,1382014Revenue 2015: $1,791,436Expenses 2015: $1,627,120Net Income 2015: $164,3162015Revenue 2016: $1,709,379Expenses 2016: $1,705,556Net Income 2016: $3,8232016Revenue 2017: $1,449,540Expenses 2017: $1,734,355Net Income 2017: -$284,8152017Revenue 2018: $1,573,335Expenses 2018: $1,537,542Net Income 2018: $35,7932018Revenue 2019: $1,379,844Expenses 2019: $1,551,573Net Income 2019: -$171,7292019Revenue 2020: $1,272,104Expenses 2020: $1,340,623Net Income 2020: -$68,5192020Revenue 2021: $1,235,509Expenses 2021: $1,169,731Net Income 2021: $65,7782021Revenue 2022: $1,814,010Expenses 2022: $1,388,476Net Income 2022: $425,5342022Revenue 2023: $1,603,540Expenses 2023: $1,962,894Net Income 2023: -$359,3542023Revenue 2024: $1,482,468Expenses 2024: $1,878,714Net Income 2024: -$396,2462024

Highlighted filing

2014

Revenue$1,674,021
Expenses$1,579,883
Net Income$94,138
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 19, 2015
Return Version
2013v4.0
Gross Receipts
$1,674,021
Mission and Program Overview

Mission

Provide daycare services and after-school program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,142,387$1,244,507▲ $102,120
Land, Buildings, and Equipment, Net$153,500$134,652▼ $18,848
Accounts Receivable$28,845$26,184▼ $2,661
Prepaid Expenses and Deferred Charges$11,138$11,479▲ $341
Total Assets$1,335,870$1,416,822▲ $80,952
Liabilities
Deferred Revenue$158,940$159,040▲ $100
Accounts Payable and Accrued Expenses$23,538$10,096▼ $13,442
Other Liabilities-$156-
Total Liabilities$182,478$169,292▼ $13,186
Net Assets / Fund Balance
Unrestricted Net Assets$1,153,392$1,247,530▲ $94,138
Total Net Assets Fund Balance$1,153,392$1,247,530▲ $94,138
Total Liabilities and Net Assets / Fund Balance$1,335,870$1,416,822▲ $80,952

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$27,561-
Equipment-$6,090-
Leasehold Improvements$134,652$173,032-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tak Wo WanExec DirectorFT$75,670$75,670
Nenita C AdvinculaAssistant DirectorFT$44,516$44,516
Xiao Qun WanSecretaryFT$40,628$40,628

Board Members and Trustees

NameTitle
Eric NgPresident
Jerry K ShiaoVice President
Harvard TangMember
John NgaiMember
Justin C YuMember
Kuo Jui LeeMember
Nora Chang WangMember
Sun Kit NgMember
Wing YeeMember
Woon Pang NgTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$430,662
Program Service Revenue
$1,190,541
Investment Income
$3,483
Other Revenue
$49,335
All Other Contributions
$22,590
Change in Net Assets
$94,138

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,674,021
Total Revenue per Audited Statements
$1,674,021
Total Revenue per Form 990
$1,674,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,177,606
Other Expenses$402,277
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$766,350$41,556-$807,906
Other Employee Benefits$141,829$8,485-$150,314
Current Officers, Directors, Trustees, and Key Employees$138,746$7,637-$146,383
Payroll Taxes$69,240$3,763-$73,003
Occupancy$72,000--$72,000
Other Expenses$43,385--$43,385
Insurance$35,665--$35,665
All Other Expenses$33,400--$33,400
Depreciation Depletion$29,103--$29,103
Fees for Services Accounting$7,300--$7,300
Office Expenses$7,134--$7,134
Fees for Services Other$1,320--$1,320
Total Functional Expenses$1,518,442$61,441$0$1,579,883

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,579,883
Total Expenses per Audited Statements$1,579,883
Total Expenses per Form 990$1,579,883
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bank overdraft$156
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

There is no committee with authority to act in behalf of the governing body.

Form 990 governing body review Part VI line 11

The Board of Directors reviews the form 990 before it is filed to IRS

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy is designed to help directors, officers and employees of Chinatown Day Care Center, Inc., identify situations that present potential conflicts of interest and to provide Chinatown Day Care Center, Inc., with a procedure which, if observed, will allow a transaction to be treated as valid and binding even though a director, officer or employee has or may have a conflict of interest with respect to the transaction.

CEO executive director top management comp Part VI line 15A

The process for determining the compensation of the Executive Director were reviewed and approved by the Board of Directors.

Other officer or key employee compensation Part VI line 15B

The process for determining compensation of Other Officers or Key Employees of Chinatown Day Care Center, Inc., were reviewed and approved by the Board Members held during the Board Meeting.

Governing documents etc available to public Part VI line 19

Governing documents and others are available upon request. Governing documents are available to the public by request.

Filing and Contact Details

Filer

EIN
23-7129674

Signing Officer

Name
Tak Wo Wan
Title
Executive Direc
Phone
2124313845
Signed
2015-01-19
Discuss with paid preparer
No

Organization Details

Formed
1984
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
66

Preparer

Preparer
Hermes M Baticulon
Phone
7185585858
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Reversal of over accrual of receivable.

Financial Statement Notes

Other expenses included on Form 990 (Part XII, line 4B)

In-kind rent expense of $240,000.

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IRS990/OtherLiabilitiesGrp/EOYAmt0156
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Others
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049335
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IRS990/OtherRevenueTotalAmt049335
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt041556
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0766350
IRS990/OtherSalariesAndWagesGrp/TotalAmt0807906
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03763
IRS990/PayrollTaxesGrp/ProgramServicesAmt069240
IRS990/PayrollTaxesGrp/TotalAmt073003
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011138
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011479
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0624410
IRS990/ProgramServiceRevenueGrp/Desc0Tuition Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01190541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01190541
IRS990/ProgSrvcAccomActy2Grp/Desc0CACFPFor the CACFP, the organization co-sponsored a series of trainings called Eat Well, Play Hard for teachers and parents. It was facilitated by a NY State certified dietician. Based on their learnings, the organization improved on their menus and implemented strategies and activities in the school. The organization has also kept documentation for children with food allergies.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0136072
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0136072
IRS990/ProgSrvcAccomActy3Grp/Desc0UPKFor the UPK program, the organization's faculty and staff attended all the workshops and seminars on NYS Common Core Education conducted by the NYC Department of Education.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0272000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0272000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0448882
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06164
IRS990/PYOtherExpensesAmt0436509
IRS990/PYOtherRevenueAmt01150
IRS990/PYProgramServiceRevenueAmt01211518
IRS990/PYRevenuesLessExpensesAmt076723
IRS990/PYSalariesCompEmpBnftPaidAmt01154482
IRS990/PYTotalExpensesAmt01590991
IRS990/PYTotalRevenueAmt01667714
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt094138
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01190541
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0408072
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0428607
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0525823
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0500478
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0505081
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02368061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03483
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06164
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08458
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08016
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt031282
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03483
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06164
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05161
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08458
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt031282
IRS990ScheduleA/InvestmentIncomeCYPct00.01280
IRS990ScheduleA/InvestmentIncomePYPct00.01970
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt036873
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01583
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01714
IRS990ScheduleA/OtherIncome509Grp/TotalAmt041320
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97030
IRS990ScheduleA/PublicSupportPY509Pct00.97810
IRS990ScheduleA/PublicSupportTotal509Amt02368061
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0408072
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0428607
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0525823
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0500478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0505081
IRS990ScheduleA/Total509Grp/TotalAmt02368061
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0448428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0435921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0532567
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0508936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0514811
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02440663
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06090
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06090
IRS990ScheduleD/ExpensesSubtotalAmt01579883
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0134652
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0173032
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0307684
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027561
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt027561
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0156
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Bank overdraft
IRS990ScheduleD/RevenueSubtotalAmt01674021
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In-kind rent expense of $240,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other expenses included on Form 990 (Part XII, line 4b)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0134652
IRS990ScheduleD/TotalExpensesPerForm990Amt01579883
IRS990ScheduleD/TotalLiabilityAmt0156
IRS990ScheduleD/TotalRevenuePerForm990Amt01674021
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01674021
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01579883
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is no committee with authority to act in behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors reviews the form 990 before it is filed to IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy is designed to help directors, officers and employees of Chinatown Day Care Center, Inc., identify situations that present potential conflicts of interest and to provide Chinatown Day Care Center, Inc., with a procedure which, if observed, will allow a transaction to be treated as valid and binding even though a director, officer or employee has or may have a conflict of interest with respect to the transaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The process for determining the compensation of the Executive Director were reviewed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process for determining compensation of Other Officers or Key Employees of Chinatown Day Care Center, Inc., were reviewed and approved by the Board Members held during the Board Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents and others are available upon request. Governing documents are available to the public by request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Reversal of over accrual of receivable.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false

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