Civic Intelligence

Method Child Development Center Inc.

990 • Fiscal year 2015 • EIN 56-0939512

Sep 01, 2014 to Aug 31, 2015 • Filed on Mar 21, 2016

900 Trailwood DriveRaleigh, NC 27606

(919) 852-4568

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.45x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.06x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

43rd percentile

0.7%

Higher net margin than 43% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

37th percentile

-2.0%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

-1.6%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$66,391

Down $1,372 (-2.0%) from 2014

Net Assets

Up

$36,704

Up $3,545 (+11%) from 2014

Liabilities

Down

$29,687

Down $4,917 (-14%) from 2014

Revenue

Down

$506,508

Down $8,039 (-1.6%) from 2014

Expenses

Up

$502,962

Up $148 (+0.0%) from 2014

Net Income

Down

$3,546

Down $8,187 (-70%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $61,435Liabilities 2011: $25,325Net Assets 2011: $36,1102011Assets 2012: $97,592Liabilities 2012: $30,375Net Assets 2012: $67,2172012Assets 2013: $56,416Liabilities 2013: $34,990Net Assets 2013: $21,4262013Assets 2014: $67,763Liabilities 2014: $34,604Net Assets 2014: $33,1592014Assets 2015: $66,391Liabilities 2015: $29,687Net Assets 2015: $36,7042015Assets 2016: $99,714Liabilities 2016: $25,191Net Assets 2016: $74,5232016Assets 2017: $136,607Liabilities 2017: $5,241Net Assets 2017: $131,3662017Assets 2018: $114,117Liabilities 2018: $3,000Net Assets 2018: $111,1172018Assets 2019: $203,445Liabilities 2019: $3,000Net Assets 2019: $200,4452019Assets 2020: $218,109Liabilities 2020: $2,200Net Assets 2020: $215,9092020Assets 2021: $315,862Liabilities 2021: $3,104Net Assets 2021: $312,7582021Assets 2022: $623,501Liabilities 2022: $3,106Net Assets 2022: $620,3952022Assets 2023: $674,917Liabilities 2023: $3,104Net Assets 2023: $671,8132023

Highlighted filing

2015

Assets$66,391
Liabilities$29,687
Net Assets$36,704

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $540,641Expenses 2011: $541,587Net Income 2011: -$9462011Expenses 2012: $434,3142012Expenses 2013: $401,3062013Revenue 2014: $514,547Expenses 2014: $502,814Net Income 2014: $11,7332014Revenue 2015: $506,508Expenses 2015: $502,962Net Income 2015: $3,5462015Revenue 2016: $496,912Expenses 2016: $459,093Net Income 2016: $37,8192016Revenue 2017: $652,262Expenses 2017: $595,419Net Income 2017: $56,8432017Revenue 2018: $653,513Expenses 2018: $673,762Net Income 2018: -$20,2492018Revenue 2019: $741,620Expenses 2019: $652,292Net Income 2019: $89,3282019Revenue 2020: $688,856Expenses 2020: $673,392Net Income 2020: $15,4642020Revenue 2021: $857,624Expenses 2021: $760,775Net Income 2021: $96,8492021Revenue 2022: $1,155,594Expenses 2022: $847,957Net Income 2022: $307,6372022Revenue 2023: $1,141,455Expenses 2023: $1,090,037Net Income 2023: $51,4182023

Highlighted filing

2015

Revenue$506,508
Expenses$502,962
Net Income$3,546
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Mar 21, 2016
Return Version
2014v6.0
Gross Receipts
$508,297
Mission and Program Overview

Mission

To provide a safe and stimulating learning environment, nutrition and basic child care for young children.

To provide a safe and stimulating learning environment,nutrition and basic child care for young children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$50,474$49,645▼ $829
Cash and Non-Interest-Bearing Accounts$15,819$15,265▼ $554
Prepaid Expenses and Deferred Charges$1,469$1,481▲ $12
Total Assets$67,762$66,391▼ $1,371
Liabilities
Unsecured Notes Loans Payable$24,678$21,653▼ $3,025
Other Liabilities$9,926$8,034▼ $1,892
Total Liabilities$34,604$29,687▼ $4,917
Net Assets / Fund Balance
Unrestricted Net Assets$29,500$33,305▲ $3,805
Temporarily Rstr Net Assets$3,658$3,399▼ $259
Total Net Assets Fund Balance$33,158$36,704▲ $3,546
Total Liabilities and Net Assets / Fund Balance$67,762$66,391▼ $1,371

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$48,364$8,584$56,948
Equipment$1,281$15,104$16,385
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Natasha KirbyPast Exec DiFT$35,564$35,564
Tonya GregoryActing Co-ex-$22,570$22,570

Board Members and Trustees

NameTitle
Shannon DeatonChair
Bill HasseDirector
Jamie AlmondDirector
Matt ElhersDirector
Sarah BenbowDirector
Patrick HumphreyActing Co-ex
Shannon AycockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,625
Program Service Revenue
$473,965
Investment Income
$0
Other Revenue
$-82
All Other Contributions
$2,479
Change in Net Assets
$3,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$301,377
Other Expenses$201,585
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$241,775$24,895-$266,670
Occupancy$107,786$11,105-$118,891
Payroll Taxes$30,143$3,105-$33,248
Insurance$11,654$2,955-$14,609
Office Expenses$3,151$1,462-$4,613
Fees for Services Accounting-$4,075-$4,075
Information Technology$2,925$301-$3,226
All Other Expenses$1,833$1,015-$2,848
Interest-$2,461-$2,461
Other Employee Benefits$1,323$136-$1,459
Other Expenses$2,187$1,369-$1,369
Depreciation Depletion$1,335--$1,335
Conferences and Meetings$345--$345
Advertising-$102-$102
Total Functional Expenses$447,962$55,000$0$502,962
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,789
Fundraising Gross Income$1,363
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
Loans Payable$6,229
Payroll Liabilities$1,805
Bank Overdraft-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

The board of directors chair received a copy of the form 990 electronically from the cpa preparer. She forwarded it to all board members who were given an opportunity to review it and ask questions prior to her signing and filing the return. All questions were resolved by the cpa preparer or the board chair before filing the form 990.

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

No board member is permitted to vote on the issue at hand if the board concludes that a conflict exists.

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

The organization's director was recently hired. The board of directors used information about comparable salaries known in the region. National survey data was used to determine the range that was acceptable for someone with the admin iii credentials required by the state of north carolina. Ultimately the salary was determined by the budget, which was lower than the data would have supported.

Form 990, Page 6, Part VI, Line 19

A copy of the organization's bylaws, containing the conflict of interest policy, and the most recently filed form 990, are available to the public by request. The financial information is contained in the form 990 available on guidestar.com and the charitable solicitation license application available on the nc secretary of state's website.

Filing and Contact Details

Filer

Filer Name
Method Child Development Center in
EIN
56-0939512
Phone
9198524568
Address
900 TRAILWOOD DRIVE, RALEIGH, NC 27606

Signing Officer

Name
Shannon Deaton
Title
Board Chair
Phone
9198524568
Signed
2016-03-21

Organization Details

Principal Officer
Shannon Deaton
Formed
1981
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
25

Preparer

Firm
Perkins Lund Collar & Associates Pllc
Address
2607 OBERLIN RD STE 104, RALEIGH, NC 27608-1320
Preparer
Jon a Lund
Phone
9197811721
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0180291
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01491375
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0355515
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0465421
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02399611
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOANS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2BANK OVERDRAFT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049645
IRS990ScheduleD/TotalLiabilityAmt08034
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS CHAIR RECEIVED A COPY OF THE FORM 990 ELECTRONICALLY FROM THE CPA PREPARER. SHE FORWARDED IT TO ALL BOARD MEMBERS WHO WERE GIVEN AN OPPORTUNITY TO REVIEW IT AND ASK QUESTIONS PRIOR TO HER SIGNING AND FILING THE RETURN. ALL QUESTIONS WERE RESOLVED BY THE CPA PREPARER OR THE BOARD CHAIR BEFORE FILING THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO BOARD MEMBER IS PERMITTED TO VOTE ON THE ISSUE AT HAND IF THE BOARD CONCLUDES THAT A CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S DIRECTOR WAS RECENTLY HIRED. THE BOARD OF DIRECTORS USED INFORMATION ABOUT COMPARABLE SALARIES KNOWN IN THE REGION. NATIONAL SURVEY DATA WAS USED TO DETERMINE THE RANGE THAT WAS ACCEPTABLE FOR SOMEONE WITH THE ADMIN III CREDENTIALS REQUIRED BY THE STATE OF NORTH CAROLINA. ULTIMATELY THE SALARY WAS DETERMINED BY THE BUDGET, WHICH WAS LOWER THAN THE DATA WOULD HAVE SUPPORTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE ORGANIZATION'S BYLAWS, CONTAINING THE CONFLICT OF INTEREST POLICY, AND THE MOST RECENTLY FILED FORM 990, ARE AVAILABLE TO THE PUBLIC BY REQUEST. THE FINANCIAL INFORMATION IS CONTAINED IN THE FORM 990 AVAILABLE ON GUIDESTAR.COM AND THE CHARITABLE SOLICITATION LICENSE APPLICATION AVAILABLE ON THE NC SECRETARY OF STATE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt029687
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IRS990/TotalProgramServiceExpensesAmt0447962
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0506508
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt067762
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt066391
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt029500
IRS990/UnrestrictedNetAssetsGrp/EOYAmt033305
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt024678
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt021653
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0900 TRAILWOOD DRIVE
IRS990/USAddress/CityNm0RAELIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027606
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.METHODCHILDDEVELOPMENTCENTER.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHANNON DEATON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09198524568
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0METHOD CHILD DEVELOPMENT CENTER IN
ReturnHeader/Filer/BusinessNameControlTxt0METH
ReturnHeader/Filer/EIN0560939512

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.67$0.00$0.67$1.14$1.09$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$1.16$0.85$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.00$0.31$0.86$0.76$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.00$0.22$0.69$0.67$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$0.74$0.65$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.65$0.67$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.01$0.13$0.65$0.60$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.03$0.07$0.50$0.46$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.03$0.04$0.51$0.50$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.03$0.03$0.51$0.50$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.03$0.02$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.03$0.07$0.43
2011Summary only. Only limited summary data is available for this year.$0.06$0.03$0.04$0.54$0.54$0.00