Civic Intelligence

Charlotte Early Education Services Inc.

990 • Fiscal year 2015 • EIN 45-4103434

Jan 01, 2015 to Dec 31, 2015 • Filed on May 04, 2016

1235 East BoulevardCharlotte, NC 28203

(704) 523-0800

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.09x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.04x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Net Margin

54th percentile

5.1%

Higher net margin than 54% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

55th percentile

$10,500

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Asset Growth

96th percentile

236%

Faster asset growth than 96% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

8.5%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$23,929

Up $16,799 (+236%) from 2014

Net Assets

Up

-$2,066

Up $30,534 (+94%) from 2014

Liabilities

Down

$25,995

Down $13,735 (-35%) from 2014

Revenue

Up

$593,172

Up $46,528 (+8.5%) from 2014

Expenses

Up

$562,638

Up $30,572 (+5.7%) from 2014

Net Income

Up

$30,534

Up $15,956 (+109%) from 2014

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2013: $4,471Liabilities 2013: $51,649Net Assets 2013: -$47,1782013Assets 2014: $7,130Liabilities 2014: $39,730Net Assets 2014: -$32,6002014Assets 2015: $23,929Liabilities 2015: $25,995Net Assets 2015: -$2,0662015Assets 2016: $36,443Liabilities 2016: $13,706Net Assets 2016: $22,7372016Assets 2017: $35,073Liabilities 2017: $0Net Assets 2017: $35,0732017Assets 2018: $40,009Liabilities 2018: $0Net Assets 2018: $40,0092018Assets 2019: $28,129Liabilities 2019: $24Net Assets 2019: $28,1052019Assets 2020: $36,743Liabilities 2020: $98,323Net Assets 2020: -$61,5802020Assets 2021: $62,424Liabilities 2021: $25,157Net Assets 2021: $37,2672021Assets 2022: $92,486Liabilities 2022: $28,073Net Assets 2022: $64,4132022Assets 2023: $103,821Liabilities 2023: $39,807Net Assets 2023: $64,0142023Assets 2024: $163,037Liabilities 2024: $21,115Net Assets 2024: $141,9222024

Highlighted filing

2015

Assets$23,929
Liabilities$25,995
Net Assets-$2,066

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $534,552Expenses 2013: $525,820Net Income 2013: $8,7322013Revenue 2014: $546,644Expenses 2014: $532,066Net Income 2014: $14,5782014Revenue 2015: $593,172Expenses 2015: $562,638Net Income 2015: $30,5342015Revenue 2016: $621,521Expenses 2016: $596,718Net Income 2016: $24,8032016Revenue 2017: $624,447Expenses 2017: $612,111Net Income 2017: $12,3362017Revenue 2018: $669,516Expenses 2018: $664,580Net Income 2018: $4,9362018Revenue 2019: $664,947Expenses 2019: $676,851Net Income 2019: -$11,9042019Revenue 2020: $667,753Expenses 2020: $757,438Net Income 2020: -$89,6852020Revenue 2021: $877,387Expenses 2021: $778,540Net Income 2021: $98,8472021Revenue 2022: $725,031Expenses 2022: $697,885Net Income 2022: $27,1462022Revenue 2023: $710,029Expenses 2023: $710,428Net Income 2023: -$3992023Revenue 2024: $947,847Expenses 2024: $869,939Net Income 2024: $77,9082024

Highlighted filing

2015

Revenue$593,172
Expenses$562,638
Net Income$30,534
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 4, 2016
Return Version
2015v2.1
Gross Receipts
$593,172
Mission and Program Overview

Mission

Child care provided at st. Luke's

Child care provided at st. Luke's luthern church for benefit of the church and its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,701$14,008▲ $12,307
Cash and Non-Interest-Bearing Accounts$5,429$9,921▲ $4,492
Loans From Officers Directors$36,620$6,796▼ $29,824
Rtn Earn Endowment Incm Other Fnds$-32,600$-2,066▲ $30,534
Total Assets$7,130$23,929▲ $16,799
Liabilities
Unsecured Notes Loans Payable$3,110$19,199▲ $16,089
Total Liabilities$39,730$25,995▼ $13,735
Net Assets / Fund Balance
Total Net Assets Fund Balance$-32,600$-2,066▲ $30,534
Total Liabilities and Net Assets / Fund Balance$7,130$23,929▲ $16,799

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,199$10,535$15,734
Leasehold Improvements$8,809$819$9,628
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cynthia KaraPresidentPT$10,500$10,500

Board Members and Trustees

NameTitle
Rick GarciaVice President
Carlen WeslovsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$593,171
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$30,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$397,116
Other Expenses$165,522
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$349,711$0$0$349,711
All Other Expenses$120,917$0$0$120,917
Payroll Taxes$35,806$1,099$0$36,905
Occupancy$20,042$0$0$20,042
Current Officers, Directors, Trustees, and Key Employees$0$10,500$0$10,500
Travel$10,323$0$0$10,323
Insurance$6,463$0$0$6,463
Depreciation Depletion$1,762$0$0$1,762
Advertising$1,095$0$0$1,095
Fees for Services Accounting$0$750$0$750
Other Expenses$406$0$0$406
Total Functional Expenses$549,557$13,081$0$562,638
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$36,620$6,796▼ $29,824
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Charlotte Early Education Services Inc
EIN
45-4103434
Phone
7045230800
Address
1235 EAST BOULEVARD, CHARLOTTE, NC 28203

Signing Officer

Name
Cynthia Kara
Title
President
Phone
7045230800
Signed
2016-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Kara
Formed
2012
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
0
Employees
26
Volunteers
0

Preparer

Firm
Gayle S Fox CPA
Address
501 EAST BLVD, CHARLOTTE, NC 28203
Preparer
Gayle S Fox
Phone
7043432788
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Copy of 990 provided for review to governing body.

Pt VI, Line 19

Copies of documents including 990 are made available upon request.

Pt VI, Line 2

The three officers are family members. However, the only officer compensated is the president for the services she performs in the outside management of the entity. There is a supervisor who handles the day to day performance of the child education/care center.

Pt VI, Line 3

An independent employee handles day to day performance of the child education/care center.

Pt VI, Line 8A

Meetings of the governing body are not typically conducted. A child care professional is in charge of the daily activities of the center. This does not require regular meetings of the governing body.

Pt VI, Line 8B

THERE ARE NO COMMITTEES.

Form 990EZ, Part I, Line 16

Advertising and promotion automobile expense bank service fees computer and internet expenses continuing education dues and subscriptions insurance janitorial expense meals @50% classroom expense food/general misc expense office supplies professional fees licensing and sanitation requirements repairs and maintenance telephone expense

Form 990EZ, Part II, Line 24

FURNITURE AND EQUIPMENT

Form 990EZ, Part II, Line 26

LOANS PAYABLE

Form 990, Part IX, Line 24F

Classroom expense 8379. 8379. 0. 0. Continuing education 15561. 15561. 0. 0. Dues and subscriptions 696. 696. 0. 0. Equipment rental 1276. 1276. 0. 0. Food/general 30008. 30008. 0. 0. Janitorial expense 8453. 8453. 0. 0. Licensing or sanitation requirements 642. 642. 0. 0. Meals 6801. 6801. 0. 0. Miscellaneous expense 942. 942. 0. 0. Office supplies 4565. 4565. 0. 0. Payroll expenses and fees 3190. 3190. 0. 0. Pay by pay insurance 10680. 10680. 0. 0. Postage and delivery 310. 310. 0. 0. Printing

Raw XML Appendix346 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF 990 PROVIDED FOR REVIEW TO GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF DOCUMENTS INCLUDING 990 ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE THREE OFFICERS ARE FAMILY MEMBERS. HOWEVER, THE ONLY OFFICER COMPENSATED IS THE PRESIDENT FOR THE SERVICES SHE PERFORMS IN THE OUTSIDE MANAGEMENT OF THE ENTITY. THERE IS A SUPERVISOR WHO HANDLES THE DAY TO DAY PERFORMANCE OF THE CHILD EDUCATION/CARE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN INDEPENDENT EMPLOYEE HANDLES DAY TO DAY PERFORMANCE OF THE CHILD EDUCATION/CARE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEETINGS OF THE GOVERNING BODY ARE NOT TYPICALLY CONDUCTED. A CHILD CARE PROFESSIONAL IS IN CHARGE OF THE DAILY ACTIVITIES OF THE CENTER. THIS DOES NOT REQUIRE REGULAR MEETINGS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADVERTISING AND PROMOTION AUTOMOBILE EXPENSE BANK SERVICE FEES COMPUTER AND INTERNET EXPENSES CONTINUING EDUCATION DUES AND SUBSCRIPTIONS INSURANCE JANITORIAL EXPENSE MEALS @50% CLASSROOM EXPENSE FOOD/GENERAL MISC EXPENSE OFFICE SUPPLIES PROFESSIONAL FEES LICENSING AND SANITATION REQUIREMENTS REPAIRS AND MAINTENANCE TELEPHONE EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FURNITURE AND EQUIPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LOANS PAYABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CLASSROOM EXPENSE 8379. 8379. 0. 0. CONTINUING EDUCATION 15561. 15561. 0. 0. DUES AND SUBSCRIPTIONS 696. 696. 0. 0. EQUIPMENT RENTAL 1276. 1276. 0. 0. FOOD/GENERAL 30008. 30008. 0. 0. JANITORIAL EXPENSE 8453. 8453. 0. 0. LICENSING OR SANITATION REQUIREMENTS 642. 642. 0. 0. MEALS 6801. 6801. 0. 0. MISCELLANEOUS EXPENSE 942. 942. 0. 0. OFFICE SUPPLIES 4565. 4565. 0. 0. PAYROLL EXPENSES AND FEES 3190. 3190. 0. 0. PAY BY PAY INSURANCE 10680. 10680. 0. 0. POSTAGE AND DELIVERY 310. 310. 0. 0. PRINTING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24f
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07130
IRS990/TotalAssetsEOYAmt023929
IRS990/TotalAssetsGrp/BOYAmt07130
IRS990/TotalAssetsGrp/EOYAmt023929
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013081
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0549557
IRS990/TotalFunctionalExpensesGrp/TotalAmt0562638
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039730
IRS990/TotalLiabilitiesEOYAmt025995
IRS990/TotalLiabilitiesGrp/BOYAmt039730
IRS990/TotalLiabilitiesGrp/EOYAmt025995
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-32600
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2066
IRS990/TotalProgramServiceExpensesAmt0549557
IRS990/TotalProgramServiceRevenueAmt0593171
IRS990/TotalReportableCompFromOrgAmt010500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0593172
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0593172
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07130
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023929
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt010323
IRS990/TravelGrp/TotalAmt010323
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt03110
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt019199
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0715 W CHEVAL DRIVE
IRS990/USAddress/CityNm0FORT MILL
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029708
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CYNTHIA KARA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07045230800
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARLOTTE EARLY EDUCATION SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0454103434
ReturnHeader/Filer/PhoneNum07045230800
ReturnHeader/Filer/USAddress/AddressLine1Txt01235 EAST BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028203
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GAYLE S FOX CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 EAST BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028203
ReturnHeader/PreparerPersonGrp/PhoneNum07043432788
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GAYLE S FOX
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-16T08:47:33-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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