Civic Intelligence

Memorable Moments Youth Development Program Inc.

990 • Fiscal year 2021 • EIN 45-5085836

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 02, 2024

1555 N 60th StreetPhiladelphia, PA 19151

(215) 927-2345

Siviq Scores

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

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

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

Liabilities / Revenue

51st percentile

0.10x

Higher debt load relative to revenue than 51% of similar nonprofits.

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

Net Margin

64th percentile

21%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

56th percentile

$71,962

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

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

Asset Growth

94th percentile

114%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-4.9%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,052,220

Up $559,824 (+114%) from 2020

Net Assets

Up

$854,521

Up $571,006 (+201%) from 2020

Liabilities

Down

$197,699

Down $11,182 (-5.4%) from 2020

Revenue

Down

$2,075,710

Down $105,863 (-4.9%) from 2020

Expenses

Down

$1,637,048

Down $398,027 (-20%) from 2020

Net Income

Up

$438,662

Up $292,164 (+199%) from 2020

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

2021

Assets$1,052,220
Liabilities$197,699
Net Assets$854,521

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

2021

Revenue$2,075,710
Expenses$1,637,048
Net Income$438,662
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 2, 2024
Return Version
2021v4.2
Gross Receipts
$2,075,710
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.

Our mission is to provide 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
Pledges and Grants Receivable$112,024$392,421▲ $280,397
Accounts Receivable$133,655$302,616▲ $168,961
Cash and Non-Interest-Bearing Accounts$250,153$179,404▼ $70,749
Land, Buildings, and Equipment, Net$86,660$145,277▲ $58,617
Prepaid Expenses and Deferred Charges$21,928$17,171▼ $4,757
Total Assets$610,575$1,052,220▲ $441,645
Other Assets Total$6,155$15,331▲ $9,176
Liabilities
Other Liabilities$150,000$150,000→ $0
Accounts Payable and Accrued Expenses$58,881$47,699▼ $11,182
Total Liabilities$208,881$197,699▼ $11,182
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$401,694$854,521▲ $452,827
Total Net Assets Fund Balance$401,694$854,521▲ $452,827
Total Liabilities and Net Assets / Fund Balance$610,575$1,052,220▲ $441,645

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$114,472$5,623$120,095
Other Land Buildings$30,805$3,211$34,016
Other Assets Org$15,331--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Aida RodriguezExecutive DirectorFT$71,962$71,962

Board Members and Trustees

NameTitle
Ruble HarrisPresident
Sharquita EdneySecretary
Tamarra VeneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Memorable Moments Learning CenterManagement7602 OGONTZ AVE, Philadelphia, PA 19150$327,385
Revenue and Support

Revenue Composition

Contributions and Grants
$1,961,838
Program Service Revenue
$113,872
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$438,662

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,075,710
Total Revenue per Audited Statements
$2,075,710
Total Revenue per Form 990
$2,075,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,143,945
Salaries, Compensation, and Employee Benefits$493,103
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$410,458--$410,458
Occupancy$374,624--$374,624
Fees for Services Management$327,385--$327,385
Fees for Services Other$148,939--$148,939
Payroll Taxes$75,676--$75,676
Insurance$53,939--$53,939
All Other Expenses$41,964--$41,964
Information Technology$28,967--$28,967
Advertising$18,628--$18,628
Office Expenses$13,583--$13,583
Other Expenses$13,396--$13,396
Fees for Services Accounting$12,400--$12,400
Depreciation Depletion$10,317$329-$10,646
Other Employee Benefits$6,969--$6,969
Travel$4,306--$4,306
Interest$105$4,125-$4,230
Total Functional Expenses$1,632,594$4,454$0$1,637,048

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,912,456
Total Expenses per Form 990$1,637,048
Expenses per Audited Statements$1,632,059
Expenses Not Reported on Form 990$280,397
Expenses Not Reported on Financial Statements$4,989
Other Expense Adjustments$4,989
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
Memorable Moments Learning Center35 ControlledContractNo$327,385
Davida HarrisFamily MemberCommercial Real EstateNo$233,847
First Step Business Solution LLC35 ControlledContractNo$84,751
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
Backup withholding compliance
No
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
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

Governance Explanations

Officer directors etc family relationship Part VI line 2

Officers and directors managing and directing the orgnaization.

Management duties delegation Part VI line 3

Management company was hired.

Form 990 governing body review Part VI line 11

Form 990 is reviewed by the governing body.

Governing documents etc available to public Part VI line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Memorable Moments Youth Development Program Inc
EIN
45-5085836
Address
1555 N 60TH STREET, PHILADELPHIA, PA 19151

Signing Officer

Name
Aida Rodriguez
Title
Executive Direc
Phone
2159272345
Signed
2024-02-02
Discuss with paid preparer
No

Organization Details

Formed
2012
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
0
Employees
40

Preparer

Firm
Browns Advisory & Accounting Firm
Address
1100 PEACHTREE STREET NE STE 950, ATLANTA, GA 30309
Preparer
Rose Brown
Phone
2157178293
Supplemental Narrative

Additional Explanations

Amended return information

Amended as a result of the employee retention credit receival.

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

Reporting of the employee retention credit

Financial Statement Notes

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

Book/tax depreciation difference

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0208946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07181970
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0267262
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0113872
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0153390
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0262456
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0276599
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0114016
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0920333
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88640
IRS990ScheduleA/PublicSupportPY170Pct00.86620
IRS990ScheduleA/PublicSupportTotal170Amt07181970
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01961838
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02028183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01571241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01411762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0208946
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07181970
IRS990ScheduleA/TotalSupportAmt08102303
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt0280397
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04989
IRS990ScheduleD/ExpensesSubtotalAmt01632059
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0114472
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05623
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0120095
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015331
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherExpensesNotIncludedAmt04989
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030805
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03211
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt034016
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA EIDL
IRS990ScheduleD/PriorYearAdjustmentsAmt0280397
IRS990ScheduleD/RevenueSubtotalAmt02075710
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK/TAX DEPRECIATION DIFFERENCE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other expenses included on Form 990 (Part XII, line 4b)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0145277
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015331
IRS990ScheduleD/TotalExpensesPerForm990Amt01637048
IRS990ScheduleD/TotalLiabilityAmt0150000
IRS990ScheduleD/TotalRevenuePerForm990Amt02075710
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02075710
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01912456
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0FIRST STEP BUSINESS SOLUTION LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1MEMORABLE MOMENTS LEARNING CENTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2DAVIDA HARRIS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt035 CONTROLLED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt135 CONTROLLED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt084751
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1327385
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2233847
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONTRACT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONTRACT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2COMMERCIAL REAL ESTATE
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMENDED AS A RESULT OF THE EMPLOYEE RETENTION CREDIT RECEIVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS MANAGING AND DIRECTING THE ORGNAIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT COMPANY WAS HIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REPORTING OF THE EMPLOYEE RETENTION CREDIT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0610575
IRS990/TotalAssetsEOYAmt01052220
IRS990/TotalAssetsGrp/BOYAmt0610575
IRS990/TotalAssetsGrp/EOYAmt01052220
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01961838
IRS990/TotalEmployeeCnt040
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04454
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01632594
IRS990/TotalFunctionalExpensesGrp/TotalAmt01637048
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0208881
IRS990/TotalLiabilitiesEOYAmt0197699
IRS990/TotalLiabilitiesGrp/BOYAmt0208881
IRS990/TotalLiabilitiesGrp/EOYAmt0197699
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0401694
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0854521
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01632594
IRS990/TotalProgramServiceRevenueAmt0113872
IRS990/TotalReportableCompFromOrgAmt071962
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0113872
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02075710
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0610575
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01052220
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04306
IRS990/TravelGrp/TotalAmt04306
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.MEMORABLEMOMENTS.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0AIDA RODRIGUEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum02159272345
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMORABLE MOMENTS YOUTH DEVELOPMENT PROGRAM INC
ReturnHeader/Filer/BusinessNameControlTxt0MEMO
ReturnHeader/Filer/EIN0455085836
ReturnHeader/Filer/USAddress/AddressLine1Txt01555 N 60TH STREET
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019151
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841777152
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWNS ADVISORY & ACCOUNTING FIRM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01100 PEACHTREE STREET NE STE 950

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