Civic Intelligence

Logan Community Day Care Association Inc

EIN 23-7210127 • 501(c)3 • Concord, NC

Profile

Logan community day care association, inc. Provides day care, food and counseling to children, the majority of which are referred by the cabarrus county department of social services.

PO Box 812Concord, NC 28026-0812

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.11x

Higher debt load relative to assets than 50% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$65,312

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

NTEE P • $1M-$5M nonprofits • Source year 2024

Asset Growth

58th percentile

7.9%

Faster asset growth than 58% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

3.1%

Faster revenue growth than 44% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,245,912

Up $90,895 (+7.9%) from 2023

Liabilities

Up

$140,547

Up $5,046 (+3.7%) from 2023

Net Assets

Up

$1,105,365

Up $85,849 (+8.4%) from 2023

Revenue

Up

$853,491

Up $25,998 (+3.1%) from 2023

Expenses

Down

$767,642

Down $35,729 (-4.4%) from 2023

Net Income

Up

$85,849

Up $61,727 (+256%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $922,298Liabilities 2012: $470,541Net Assets 2012: $451,7572012Assets 2013: $795,252Liabilities 2013: $438,622Net Assets 2013: $356,6302013Assets 2014: $770,599Liabilities 2014: $438,714Net Assets 2014: $331,8852014Assets 2015: $749,844Liabilities 2015: $401,574Net Assets 2015: $348,2702015Assets 2016: $705,936Liabilities 2016: $370,570Net Assets 2016: $335,3662016Assets 2017: $728,257Liabilities 2017: $330,061Net Assets 2017: $398,1962017Assets 2018: $723,574Liabilities 2018: $299,050Net Assets 2018: $424,5242018Assets 2019: $748,337Liabilities 2019: $290,577Net Assets 2019: $457,7602019Assets 2020: $832,631Liabilities 2020: $257,458Net Assets 2020: $575,1732020Assets 2021: $985,721Liabilities 2021: $222,958Net Assets 2021: $762,7632021Assets 2022: $1,180,633Liabilities 2022: $185,247Net Assets 2022: $995,3862022Assets 2023: $1,155,017Liabilities 2023: $135,501Net Assets 2023: $1,019,5162023Assets 2024: $1,245,912Liabilities 2024: $140,547Net Assets 2024: $1,105,3652024

Highlighted filing

2024

Assets$1,245,912
Liabilities$140,547
Net Assets$1,105,365

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $796,5472012Revenue 2013: $636,057Expenses 2013: $731,186Net Income 2013: -$95,1292013Revenue 2014: $560,911Expenses 2014: $585,656Net Income 2014: -$24,7452014Revenue 2015: $634,618Expenses 2015: $618,232Net Income 2015: $16,3862015Revenue 2016: $600,301Expenses 2016: $613,206Net Income 2016: -$12,9052016Revenue 2017: $694,485Expenses 2017: $631,654Net Income 2017: $62,8312017Revenue 2018: $621,195Expenses 2018: $594,864Net Income 2018: $26,3312018Revenue 2019: $622,612Expenses 2019: $589,377Net Income 2019: $33,2352019Revenue 2020: $685,858Expenses 2020: $568,441Net Income 2020: $117,4172020Revenue 2021: $734,067Expenses 2021: $546,476Net Income 2021: $187,5912021Revenue 2022: $1,000,054Expenses 2022: $767,428Net Income 2022: $232,6262022Revenue 2023: $827,493Expenses 2023: $803,371Net Income 2023: $24,1222023Revenue 2024: $853,491Expenses 2024: $767,642Net Income 2024: $85,8492024

Highlighted filing

2024

Revenue$853,491
Expenses$767,642
Net Income$85,849

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 16, 2025
Return Version
2024v5.0
Gross Receipts
$853,491
Mission and Program Overview

Mission

Logan community day care association, inc. Provides day care, food and counseling to children, the majority of which are referred by the cabarrus county department of social services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$524,070$702,712▲ $178,642
Cash and Non-Interest-Bearing Accounts$380,592$294,824▼ $85,768
Savings and Temporary Cash Investments$243,731$243,756▲ $25
Accounts Receivable$6,624$4,620▼ $2,004
Total Assets$1,155,017$1,245,912▲ $90,895
Liabilities
Mortgage Notes Payable Secured by Investment Property$108,977$62,513▼ $46,464
Accounts Payable and Accrued Expenses$3,823$55,166▲ $51,343
Other Liabilities$22,701$22,868▲ $167
Total Liabilities$135,501$140,547▲ $5,046
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,019,516$1,105,365▲ $85,849
Total Net Assets Fund Balance$1,019,516$1,105,365▲ $85,849
Total Liabilities and Net Assets / Fund Balance$1,155,017$1,245,912▲ $90,895

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$425,924$477,227$903,151
Equipment$61,895$304,015$365,910
Other Land Buildings$162,159$98,341$260,500
Land$50,220-$50,220
Leasehold Improvements$2,508$46,486$48,994
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Deborah BeattyExec DirectoFT$65,312$65,312

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$121,171
Program Service Revenue
$725,208
Investment Income
$24
Other Revenue
$7,088
All Other Contributions
$121,171
Change in Net Assets
$85,849

Audited Revenue Reconciliation

Revenue per Audited Statements
$853,491
Revenue Not Reported on Form 990
$12,000
Total Revenue per Audited Statements
$865,491
Total Revenue per Form 990
$853,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$472,629
Other Expenses$295,013
Total Fundraising Expense$3,053
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$330,341$34,372-$364,713
Current Officers, Directors, Trustees, and Key Employees$32,656$32,656-$65,312
Depreciation Depletion$41,871$5,710-$47,581
All Other Expenses$27,595$2,652$3,053$33,300
Payroll Taxes$31,119--$31,119
Insurance$22,307--$22,307
Other Expenses$16,191--$16,191
Office Expenses$9,986$3,765-$13,751
Pension Plan Contributions$11,485--$11,485
Conferences and Meetings-$9,184-$9,184
Fees for Services Accounting-$7,876-$7,876
Interest$4,281$476-$4,757
Occupancy$3,550--$3,550
Total Functional Expenses$667,898$96,691$3,053$767,642

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$779,642
Expenses per Audited Statements$767,642
Total Expenses per Form 990$767,642
Expenses Not Reported on Form 990$12,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,940
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salaries$15,132
Accrued Annual Leave$6,944
Accrued Payroll Taxes$528
Accrued Interest$264
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Executive director reviews form 990. It is then presented to the executive committee, which reviews form 990.

Form 990, Page 6, Part VI, Line 12C

Potential conflicts of interest are assessed on a regular basis.

Form 990, Page 6, Part VI, Line 15A

Compensation of the executive director is set by the board of directors using measures of performance and relevant guideline data. Contemporaneous minutes are kept of delibertions.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public be request.

Filing and Contact Details

Filer

Filer Name
Logan Community Day Care
EIN
23-7210127
Phone
7047868800
Address
PO BOX 812, CONCORD, NC 28026-0812

Signing Officer

Name
Deborah Beatty
Title
Exec Director
Phone
7047868800
Signed
2025-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Beatty
Formed
1972
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
13
Volunteers
24

Preparer

Firm
J Alan Rutherford CPA Pa
Address
225 N MAIN ST STE 302, SALISBURY, NC 28144
Preparer
J Alan Rutherford CPA
Phone
7046334060
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALARIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED ANNUAL LEAVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL TAXES

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