Civic Intelligence

Method Child Development Center Inc.

990 • Fiscal year 2023 • EIN 56-0939512

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 03, 2024

Organization ProfileWWW.METHODCHILDDEVELOPMENTCENTER.COM
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

26th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

51st percentile

4.5%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

52nd percentile

$66,187

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

59th percentile

8.2%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-1.2%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets26th percentile

Assets

Flat

$674,917

Flat from 2023

Net Assets

Flat

$671,813

Flat from 2023

Liabilities

Flat

$3,104

Flat from 2023

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin51st percentile

Revenue

Flat

$1,141,455

Flat from 2023

Expenses

Flat

$1,090,037

Flat from 2023

Net Income

Flat

$51,418

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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: $671,8132023Assets 2023: $674,917Liabilities 2023: $3,104Net Assets 2023: $671,8132023

Highlighted filing

2023

Assets$674,917
Liabilities$3,104
Net Assets$671,813
Open 2023 Filing

Operations Trend

Revenue Growth36th percentile

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: $51,4182023Revenue 2023: $1,141,455Expenses 2023: $1,090,037Net Income 2023: $51,4182023

Highlighted filing

2023

Revenue$1,141,455
Expenses$1,090,037
Net Income$51,418
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 3, 2024
Return Version
2022v5.0
Gross Receipts
$1,141,455
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$573,418$416,533▼ $156,885
Savings and Temporary Cash Investments-$200,873-
Land, Buildings, and Equipment, Net$45,092$44,970▼ $122
Accounts Receivable$4,991$12,541▲ $7,550
Total Assets$623,501$674,917▲ $51,416
Liabilities
Accounts Payable and Accrued Expenses$2,573$2,571▼ $2
Other Liabilities$533$533→ $0
Total Liabilities$3,106$3,104▼ $2
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$620,395$671,813▲ $51,418
Total Net Assets Fund Balance$620,395$671,813▲ $51,418
Total Liabilities and Net Assets / Fund Balance$623,501$674,917▲ $51,416

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,970$11,978$56,948
Other Land Buildings-$27,764$27,764
Equipment-$9,353$9,353
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Martinique MclaughlinExecutive DiFT$66,187$66,187

Board Members and Trustees

NameTitle
Shannon DeatonChair
Allesondra VaughnMember
Jimmy RogersMember
Liz MillarMember
Nora Davis-leeMember
Pat FlanaganMember
Shannon AycockTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mason Street LLCMasonry115 SOUTH MASON ST, Apex, NC 27502$111,884
Revenue and Support

Revenue Composition

Contributions and Grants
$674,223
Program Service Revenue
$464,745
Investment Income
$1,953
Other Revenue
$534
All Other Contributions
$3,429
Change in Net Assets
$51,418
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$769,851
Other Expenses$320,186
Total Fundraising Expense$6,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$613,585--$613,585
Occupancy$153,934$12,266-$166,200
Current Officers, Directors, Trustees, and Key Employees$19,856$46,331-$66,187
Payroll Taxes$48,040$3,828-$51,868
Other Employee Benefits$35,391$2,820-$38,211
Office Expenses$806$28,185-$28,991
Insurance$19,064$3,084-$22,148
All Other Expenses$14,570$1,165$5,751$21,486
Fees for Services Accounting-$18,644-$18,644
Fees for Services Other-$7,740-$7,740
Other Expenses$6,912$16,289-$6,912
Conferences and Meetings$3,749--$3,749
Information Technology$1,843$147-$1,990
Travel--$779$779
Depreciation Depletion$123--$123
Total Functional Expenses$943,008$140,499$6,530$1,090,037
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans Payable$533
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 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, 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 Aycock
Title
Treasurer
Phone
9198524568
Signed
2024-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Aycock
Formed
1981
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
26
Volunteers
30

Preparer

Firm
Norton Collar Lund Lilley Pllc
Address
7701 SIX FORKS RD STE 100, RALEIGH, NC 27615
Preparer
Jon a Lund
Phone
9198411000
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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.
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$674,917
Liabilities
$3,104
Net assets
$671,813
Revenue
$1,141,455
Expenses
$1,090,037
Net income
$51,418
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$1.14$1.09$0.05
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