Civic Intelligence

Memorable Moments Youth Development Program Inc.

990 • Fiscal year 2020 • EIN 45-5085836

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 15, 2022

1555 N 60th StPhiladelphia, PA 19151

(215) 927-2345

Siviq Scores

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

Liabilities / Assets

78th percentile

0.42x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.10x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

53rd percentile

6.7%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$142,485

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

711%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

19%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$492,396

Up $431,687 (+711%) from 2019

Net Assets

Up

$283,515

Up $273,284 (+2671%) from 2019

Liabilities

Up

$208,881

Up $158,403 (+314%) from 2019

Revenue

Up

$2,181,573

Up $347,876 (+19%) from 2019

Expenses

Up

$2,035,075

Up $147,422 (+7.8%) from 2019

Net Income

Up

$146,498

Up $200,454 (+372%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $144Net Assets 2015: $1442015Assets 2016: $500Net Assets 2016: $5002016Assets 2017: $39,043Liabilities 2017: $0Net Assets 2017: $39,0432017Assets 2018: $64,187Liabilities 2018: $0Net Assets 2018: $64,1872018Assets 2019: $60,709Liabilities 2019: $50,478Net Assets 2019: $10,2312019Assets 2020: $492,396Liabilities 2020: $208,881Net Assets 2020: $283,5152020Assets 2021: $1,052,220Liabilities 2021: $197,699Net Assets 2021: $854,5212021Assets 2022: $726,529Liabilities 2022: $212,769Net Assets 2022: $513,7602022Assets 2023: $658,654Liabilities 2023: $168,949Net Assets 2023: $489,7052023Assets 2024: $743,002Liabilities 2024: $130,458Net Assets 2024: $612,5442024

Highlighted filing

2020

Assets$492,396
Liabilities$208,881
Net Assets$283,515

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $400Expenses 2015: $256Net Income 2015: $1442015Revenue 2016: $435Expenses 2016: $80Net Income 2016: $3552016Revenue 2017: $325,397Expenses 2017: $286,854Net Income 2017: $38,5432017Revenue 2018: $1,688,361Expenses 2018: $1,663,217Net Income 2018: $25,1442018Revenue 2019: $1,833,697Expenses 2019: $1,887,653Net Income 2019: -$53,9562019Revenue 2020: $2,181,573Expenses 2020: $2,035,075Net Income 2020: $146,4982020Revenue 2021: $2,075,710Expenses 2021: $1,637,048Net Income 2021: $438,6622021Revenue 2022: $2,304,597Expenses 2022: $2,233,533Net Income 2022: $71,0642022Revenue 2023: $2,073,257Expenses 2023: $2,136,541Net Income 2023: -$63,2842023Revenue 2024: $2,331,323Expenses 2024: $2,178,450Net Income 2024: $152,8732024

Highlighted filing

2020

Revenue$2,181,573
Expenses$2,035,075
Net Income$146,498
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 15, 2022
Return Version
2020v4.0
Gross Receipts
$2,181,573
Mission and Program Overview

Mission

Memorable moments youth development program inc. Provides high quality early learning to children from low and moderate income families. We serve children from ages 2 months to 12 yrs old. Our main goal is to prepare children to become successful in school and become lifelong learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$60,709$250,153▲ $189,444
Accounts Receivable-$133,655-
Land, Buildings, and Equipment, Net-$86,660-
Prepaid Expenses and Deferred Charges-$21,928-
Total Assets$60,709$492,396▲ $431,687
Liabilities
Other Liabilities$50,478$150,000▲ $99,522
Accounts Payable and Accrued Expenses-$58,881-
Total Liabilities$50,478$208,881▲ $158,403
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,231$283,515▲ $273,284
Total Net Assets Fund Balance$10,231$283,515▲ $273,284
Total Liabilities and Net Assets / Fund Balance$60,709$492,396▲ $431,687

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$68,732$1,472$70,204
Leasehold Improvements$17,928$1,705$19,633
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Davida Mccullough-harrisExecutive DiFT$142,485-$142,485
Davida Mccullough-harrisExecutive Director-$102,485$40,000$142,485
Aida RodriguezExecutive DiFT$103,768-$103,768
Aida RodriguezExecutive Director-$63,768$40,000$103,768

Board Members and Trustees

NameTitle
Ruble HarrisPresident
Sharquita EdneySecretary
Tamarra VeneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Memorable Moments Learning CenterManagement7602 OGONTZ AVE, Philadelphia, PA 19150$559,114
Revenue and Support

Revenue Composition

Contributions and Grants
$2,028,183
Program Service Revenue
$153,390
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$146,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,181,573
Total Revenue per Audited Statements
$2,181,573
Total Revenue per Form 990
$2,181,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,300,258
Salaries, Compensation, and Employee Benefits$734,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$650,586--$650,586
Fees for Services Management$559,114--$559,114
Occupancy$378,517--$378,517
Fees for Services Other$117,111--$117,111
Payroll Taxes$75,786--$75,786
Office Expenses$73,241$241-$73,482
Insurance$47,449--$47,449
Other Employee Benefits$8,445--$8,445
Advertising$4,466--$4,466
Interest$17$4,444-$4,461
Depreciation Depletion$3,850--$3,850
Fees for Services Accounting-$2,750-$2,750
Other Expenses$1,191--$1,191
Total Functional Expenses$2,027,640$7,435$0$2,035,075

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,035,075
Expenses per Audited Statements$2,034,005
Total Expenses per Audited Statements$2,034,005
Expenses Not Reported on Financial Statements$1,070
Other Expense Adjustments$1,070
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Davida Mccullough-harris35% CONTROLLEDContractYes$559,114
-Family MemberRental Real EstateNo$231,118
-Family MemberEmploymentNo$102,485
Davida Mccullough-harris35% CONTROLLEDContractNo$80,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl$150,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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
No

Governance Explanations

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

Return is reviewed by executive director prior to sending to board for authorization to file

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Memorable Moments Youth Development
EIN
45-5085836
Phone
2159272345
Address
1555 N 60TH ST, PHILADELPHIA, PA 19151

Signing Officer

Name
Ruble Harris
Title
President
Phone
2672363285
Signed
2022-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruble Harris
Formed
2012
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
2
Employees
50

Preparer

Firm
The Block Teitelman Group
Address
20 E SECOND AVE SUITE 300, CONSHOHOCKEN, PA 19428-1880
Preparer
Robert L Block CPA
Phone
6109411040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Memorable moments youth development program inc. Provides high quality early learning to children from low and moderate income families. We serve children from ages 2 months to 12 yrs old. Our main goal is to prepare children to become successful in school and become lifelong learners.

Form 990, Page 1, Part I, Line 6

Officers and directors managing and directing the organization

Form 990, Part XI, Line 9

Section 481(a) adjustment 106,479 book/tax depr difference 1,070 total 107,549

Form 990, Page 12, Part XII, Line 1

Changed to overall accrual basis method of accounting from cash basis in prior years

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 1,070

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1AIDA RODRIGUEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DAVIDA MCCULLOUGH-HARRIS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3EMPLOYMENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMORABLE MOMENTS YOUTH DEVELOPMENT PROGRAM INC. PROVIDES HIGH QUALITY EARLY LEARNING TO CHILDREN FROM LOW AND MODERATE INCOME FAMILIES. WE SERVE CHILDREN FROM AGES 2 MONTHS TO 12 YRS OLD. OUR MAIN GOAL IS TO PREPARE CHILDREN TO BECOME SUCCESSFUL IN SCHOOL AND BECOME LIFELONG LEARNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS MANAGING AND DIRECTING THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RETURN IS REVIEWED BY EXECUTIVE DIRECTOR PRIOR TO SENDING TO BOARD FOR AUTHORIZATION TO FILE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGED TO OVERALL ACCRUAL BASIS METHOD OF ACCOUNTING FROM CASH BASIS IN PRIOR YEARS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.MEMORABLEMOMENTS.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RUBLE HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02672363285
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMORABLE MOMENTS YOUTH DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PROGRAM INC
ReturnHeader/Filer/BusinessNameControlTxt0MEMO
ReturnHeader/Filer/EIN0455085836
ReturnHeader/Filer/PhoneNum02159272345
ReturnHeader/Filer/USAddress/AddressLine1Txt01555 N 60TH ST
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
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