Civic Intelligence

Grace Covenant Child Development Center

990 • Fiscal year 2021 • EIN 30-0185273

Sep 01, 2020 to Aug 31, 2021 • Filed on Jan 12, 2022

Organization Profilewww.gracecovenantcdc.com
1617 Monument AveGlen Allen, VA 23220

(804) 213-0200

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

75th percentile

31%

Higher net margin than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$61,147

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets26th percentile

Assets

$710,094

No earlier filing loaded for comparison.

Net Assets

$706,434

No earlier filing loaded for comparison.

Liabilities

$3,660

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin75th percentile

Revenue

$1,286,372

No earlier filing loaded for comparison.

Expenses

$881,210

No earlier filing loaded for comparison.

Net Income

$405,162

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2021: $710,094Liabilities 2021: $3,660Net Assets 2021: $706,4342021Assets 2022: $814,140Liabilities 2022: $11,366Net Assets 2022: $802,7742022Assets 2023: $678,411Liabilities 2023: $35,081Net Assets 2023: $643,3302023Assets 2024: $635,493Liabilities 2024: $12,030Net Assets 2024: $623,4632024Assets 2025: $669,508Liabilities 2025: $13,627Net Assets 2025: $655,8812025

Highlighted filing

2021

Assets$710,094
Liabilities$3,660
Net Assets$706,434
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $1,286,372Expenses 2021: $881,210Net Income 2021: $405,1622021Revenue 2022: $1,092,574Expenses 2022: $996,234Net Income 2022: $96,3402022Revenue 2023: $1,182,763Expenses 2023: $1,342,207Net Income 2023: -$159,4442023Revenue 2024: $1,302,086Expenses 2024: $1,321,953Net Income 2024: -$19,8672024Revenue 2025: $1,383,230Expenses 2025: $1,350,812Net Income 2025: $32,4182025

Highlighted filing

2021

Revenue$1,286,372
Expenses$881,210
Net Income$405,162
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jan 12, 2022
Return Version
2020v4.0
Gross Receipts
$1,286,372
Mission and Program Overview

Mission

The Grace Covenant Child Development Center's primary purpose is to provide a child care center for working parents in which the children from a broad range of social, economic and ethnic backgrounds are taught the values of a Christian life in a loving, nurturing and educational environment.

The Grace Covenant Child Development Center's primary exempt purpose is to provide a child care center for working parents in which the children from a broad range of social economic and ethnic backgrounds are taught the values of a Christian life in a loving, nurturing and educational environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$260,344$551,083▲ $290,739
Cash and Non-Interest-Bearing Accounts$121,254$159,011▲ $37,757
Accounts Receivable$-250$0▲ $250
Total Assets$381,348$710,094▲ $328,746
Liabilities
Other Liabilities$65,069$0▼ $65,069
Accounts Payable and Accrued Expenses$14,737$3,660▼ $11,077
Deferred Revenue$270$0▼ $270
Total Liabilities$80,076$3,660▼ $76,416
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$301,272$706,434▲ $405,162
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$301,272$706,434▲ $405,162
Total Liabilities and Net Assets / Fund Balance$381,348$710,094▲ $328,746
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tameika KingExecutive Director (New)FT$61,147$61,147

Board Members and Trustees

NameTitle
Elizabeth Bass ClelandPresident
Matthew OattsVice-President
Carson Glossopboard director
Diane Davisboard director
Jordan Ballboard director
Katie Goochboard director
Mary Grayboard director
Nelson Reveleyboard director
Rose Marie Bundyboard director
Warren Zirkleboard director
Sarah GravesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$33,520
Program Service Revenue
$1,246,457
Investment Income
$6,395
Other Revenue
$0
All Other Contributions
$33,520
Change in Net Assets
$405,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$761,596
Other Expenses$119,614
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$647,103$0$0$647,103
Current Officers, Directors, Trustees, and Key Employees$60,162$0$0$60,162
Payroll Taxes$54,141$0$0$54,141
Fees for Services Accounting$8,800--$8,800
Information Technology$7,016$0$0$7,016
Office Expenses$5,519$0$0$5,519
Insurance$4,476$0$0$4,476
All Other Expenses$1,923$0$0$1,923
Other Expenses$1,247$0$0$1,247
Advertising$573$0$0$573
Other Employee Benefits$190$0$0$190
Total Functional Expenses$881,210$0$0$881,210
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Part VI, Section B, Line 11B

“A copy of the Form 990 was distributed to all board members with time for comments prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Monthly board meetings are conducted and policies are reviewed and applied.”

Form 990, Part VI, Section B, Line 15

“Prior to the hiring of a director a thorough review of various areas was conducted seeking market value compensation for this key position of the daycare. Search criteria included geographic market, similar daycare make up, etc.”

Form 990, Part VI, Section C, Line 19

“Governing documents, board policies, and financial statements are made available to the public upon request to any interested party.”

Filing and Contact Details

Filer

Filer Name
Grace Covenant Child Development Center
EIN
30-0185273
Phone
8042130200
Address
1617 Monument Ave, Glen Allen, VA 23220

Signing Officer

Name
Sarah Graves
Title
Treasurer
Phone
8042130200
Signed
2022-01-12

Organization Details

Principal Officer
Elizabeth Bass Cleland
Formed
2003
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
72
Volunteers
25
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt245702
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01127448
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt245702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33550
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt082307
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt096274
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0823221
IRS990/PYRevenuesLessExpensesAmt0131966
IRS990/PYSalariesCompEmpBnftPaidAmt0677288
IRS990/PYTotalExpensesAmt0773562
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0905528
IRS990/ReconcilationRevenueExpnssAmt0405162
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01286372
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0260344
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0551083
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt033520
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt082307
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0115827
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06395
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01181360
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0823221
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01051721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01036706
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01048120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05141128
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06395
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06395
IRS990ScheduleA/InvestmentIncomeCYPct00.00122
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99878
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt05256955
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01214880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0905528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01051721
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01036706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01048120
IRS990ScheduleA/Total509Grp/TotalAmt05256955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01221275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0905528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01051721
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01036706
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01048120
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05263350
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 was distributed to all board members with time for comments prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Monthly board meetings are conducted and policies are reviewed and applied.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Prior to the hiring of a director a thorough review of various areas was conducted seeking market value compensation for this key position of the daycare. Search criteria included geographic market, similar daycare make up, etc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, board policies, and financial statements are made available to the public upon request to any interested party.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Grace Covenant Presbyterian Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0540505905
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0church-religious
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01627 Monument Avenue

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$710,094
Liabilities
$3,660
Net assets
$706,434
Revenue
$1,286,372
Expenses
$881,210
Net income
$405,162
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.66$1.38$1.35$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.64$0.01$0.62$1.30$1.32$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.04$0.64$1.18$1.34$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$1.09$1.00$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$1.29$0.88$0.41