Civic Intelligence

Children'S Development Academy Inc

990 • Fiscal year 2018 • EIN 58-1085443

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 15, 2019

89 Grove WayRoswell, GA 30075

(770) 992-4339

Siviq Scores

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

Liabilities / Assets

56th percentile

0.13x

Higher debt load relative to assets than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

0.18x

Higher debt load relative to revenue than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

3.1%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,919,799

Up $407,798 (+16%) from 2017

Net Assets

Up

$2,534,731

Up $66,149 (+2.7%) from 2017

Liabilities

Up

$385,068

Up $341,649 (+787%) from 2017

Revenue

Up

$2,136,176

Up $64,424 (+3.1%) from 2017

Expenses

Down

$2,080,763

Down $114,901 (-5.2%) from 2017

Net Income

Up

$55,413

Up $179,325 (+145%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,927,192Liabilities 2011: $60,910Net Assets 2011: $2,866,2822011Assets 2012: $2,793,007Liabilities 2012: $82,964Net Assets 2012: $2,710,0432012Assets 2013: $2,656,461Liabilities 2013: $84,289Net Assets 2013: $2,572,1722013Assets 2014: $2,919,584Liabilities 2014: $80,577Net Assets 2014: $2,839,0072014Assets 2015: $2,780,701Liabilities 2015: $36,622Net Assets 2015: $2,744,0792015Assets 2016: $2,613,103Liabilities 2016: $32,636Net Assets 2016: $2,580,4672016Assets 2017: $2,512,001Liabilities 2017: $43,419Net Assets 2017: $2,468,5822017Assets 2018: $2,919,799Liabilities 2018: $385,068Net Assets 2018: $2,534,7312018Assets 2019: $3,155,876Liabilities 2019: $459,282Net Assets 2019: $2,696,5942019Assets 2020: $2,948,781Liabilities 2020: $586,379Net Assets 2020: $2,362,4022020Assets 2021: $3,105,630Liabilities 2021: $405,306Net Assets 2021: $2,700,3242021Assets 2022: $3,225,514Liabilities 2022: $172,691Net Assets 2022: $3,052,8232022Assets 2023: $3,036,987Liabilities 2023: $104,264Net Assets 2023: $2,932,7232023Assets 2024: $2,959,441Liabilities 2024: $307,996Net Assets 2024: $2,651,4452024

Highlighted filing

2018

Assets$2,919,799
Liabilities$385,068
Net Assets$2,534,731

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,500,5812011Revenue 2012: $1,567,503Expenses 2012: $1,723,898Net Income 2012: -$156,3952012Expenses 2013: $2,014,5282013Revenue 2014: $2,478,438Expenses 2014: $2,224,081Net Income 2014: $254,3572014Revenue 2015: $1,987,793Expenses 2015: $2,082,741Net Income 2015: -$94,9482015Revenue 2016: $2,009,573Expenses 2016: $2,171,981Net Income 2016: -$162,4082016Revenue 2017: $2,071,752Expenses 2017: $2,195,664Net Income 2017: -$123,9122017Revenue 2018: $2,136,176Expenses 2018: $2,080,763Net Income 2018: $55,4132018Revenue 2019: $2,323,352Expenses 2019: $2,166,803Net Income 2019: $156,5492019Revenue 2020: $1,817,912Expenses 2020: $2,151,407Net Income 2020: -$333,4952020Revenue 2021: $2,290,178Expenses 2021: $1,979,119Net Income 2021: $311,0592021Revenue 2022: $2,917,848Expenses 2022: $2,542,858Net Income 2022: $374,9902022Revenue 2023: $2,575,788Expenses 2023: $2,710,482Net Income 2023: -$134,6942023Revenue 2024: $2,832,648Expenses 2024: $3,042,614Net Income 2024: -$209,9662024

Highlighted filing

2018

Revenue$2,136,176
Expenses$2,080,763
Net Income$55,413
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 15, 2019
Return Version
2017v2.3
Gross Receipts
$2,286,612
Mission and Program Overview

Mission

Mission: affording all children in our community high quality early education. Vision: best start. Brightest future. Every child.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,551,818$1,624,260▲ $72,442
Cash and Non-Interest-Bearing Accounts$623,638$930,758▲ $307,120
Investments in Publicly Traded Securities$180,571$187,681▲ $7,110
Accounts Receivable$38,918$84,452▲ $45,534
Prepaid Expenses and Deferred Charges$101,549$72,398▼ $29,151
Investments Other Securities$13,584$17,922▲ $4,338
Pledges and Grants Receivable$1,923$2,328▲ $405
Total Assets$2,512,001$2,919,799▲ $407,798
Liabilities
Deferred Revenue$10,496$311,184▲ $300,688
Accounts Payable and Accrued Expenses$32,923$73,884▲ $40,961
Total Liabilities$43,419$385,068▲ $341,649
Net Assets / Fund Balance
Unrestricted Net Assets$2,182,104$2,141,858▼ $40,246
Temporarily Rstr Net Assets$136,478$242,873▲ $106,395
Permanently Rstr Net Assets$150,000$150,000→ $0
Total Net Assets Fund Balance$2,468,582$2,534,731▲ $66,149
Total Liabilities and Net Assets / Fund Balance$2,512,001$2,919,799▲ $407,798

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,017,866$1,506,205$2,524,071
Buildings$96,551$551,716$648,267
Other Land Buildings$309,685-$309,685
Equipment$47,573$189,969$237,542
Land$152,585-$152,585

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$194,155-▲ $14,483-$205,603
2016$178,665-▲ $18,662-$194,155
2015$176,418-▲ $5,297-$178,665
2014$172,502-▲ $6,943-$176,418
2013$57,832$100,000▲ $16,260-$172,502
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret DecanCEO & Exec.FT$100,000$100,000

Board Members and Trustees

NameTitle
Grace ShicklerChair
Niki RabrenChair-elect
Angela MedleyDirector
Bob HaganDirector
Brock DarbyDirector
Clara SmithDirector
Claudia WoodDirector
Corinne BridgmanDirector
Doug HigginsDirector
Ed KlassDirector
Elaine DeniroDirector
Gail AlbertDirector
Guillero CremerDirector
Jim SturmDirector
Karin MimmsDirector
Liz JacksonDirector
Mickey DeatonDirector
Mike MuddDirector
Ron HancockDirector
Sally HansellDirector
Sherry BinkleyDirector
Stacyann GabbidonDirector
Steve DorveeDirector
Steve HardingDirector
Catherine StoreySecretary
Carlyle M DouglasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,526,648
Program Service Revenue
$564,289
Investment Income
$1,331
Other Revenue
$43,908
All Other Contributions
$672,006
Change in Net Assets
$55,413

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table59$46,048Fair Market Value
Total Noncash Contributions59$46,048-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,136,176
Revenue Not Reported on Form 990
$146,636
Total Revenue per Audited Statements
$2,282,812
Total Revenue per Form 990
$2,136,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,559,711
Other Expenses$521,052
Total Fundraising Expense$166,468
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$986,677$183,547$106,252$1,276,476
Office Expenses$102,386$6,187$3,453$112,026
Payroll Taxes$86,816$15,311$8,737$110,864
Current Officers, Directors, Trustees, and Key Employees$77,297$14,379$8,324$100,000
Depreciation Depletion$61,108$29,144$3,760$94,012
Other Employee Benefits$53,439$7,453$4,314$65,206
Occupancy$35,305$16,838$2,173$54,316
Fees for Services Accounting$687$19,856$56$20,599
Information Technology$6,283$2,329$10,006$18,618
Insurance$11,467$4,791$618$16,876
All Other Expenses$14,065$510$2,158$16,733
Other Expenses$7,021$4,095$1,740$12,856
Advertising$629$108$9,898$10,635
Pension Plan Contributions$5,170$762$1,233$7,165
Fees for Services Other$5,441$1,012$586$7,039
Travel$1,288$148$421$1,857
Total Functional Expenses$1,586,596$327,699$166,468$2,080,763

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,216,663
Expenses per Audited Statements$2,080,763
Total Expenses per Form 990$2,080,763
Expenses Not Reported on Form 990$135,900
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$192,187
Fundraising Direct Expenses$150,436
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Down Home Derby$151,467$113,835$150,436$-36,601
Other Special E$78,352$78,352-$78,352
Total Events$229,819$192,187$150,436$41,751
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 draft 2017-2018 audit and 2017 form 990 are first reviewed by the finance committee meeting with the independent auditor. The revised documents are then provided electronically to the full board of directors for their review. Questions, comments and concerns are addressed by the finance committee and the auditor prior to the board final review of the documents. The board of directors approves the filing of the audit and form 990.

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

Directors and key employees complete a disclosure questionnaire annually.

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

Determining the compensation of the executive director begins with a performance evaluation by the chair, immediate past chair, chair-elect and the chair of the human resources committee, which is shared with the full board. The executive director's compensation is reviewed by the human resources committee, which is comprised entirely of independent individuals and includes experienced, senior hr managers. Their review relies upon executive compensation data gathered from other local nonprofit organizations or other comparable bodies, and the cda's own past practice. Their recommendation is presented to the full board for approval.

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

Compensation of all employees begins with a performance evaluation by the supervisor. Compensation is then determined by the quality of performance and a review of market data to ascertain comparable salaries for comparable organizations. The cda strives to maintain competitive compensation rates in order to retain valued employees and to protect our investment in training and professional development of key employees.

Form 990, Page 6, Part VI, Line 19

Governing documents such as our strategic plan, budgets and financial statements, and conflict of interest policy are available for public inspection at our office at 89 grove way, roswell, ga 30075 immediately upon request. The cda also shares these documents electronically when requested, for example in the process of applying for foundation or other funding.

Filing and Contact Details

Filer

Filer Name
North Fulton Child Development
EIN
58-1085443
Phone
7709924339
Address
89 GROVE WAY, ROSWELL, GA 30075
Doing Business As
CHILDREN'S DEVELOPMENT ACADEMY

Signing Officer

Name
Margaret Decan
Title
CEO & Exec. Director
Phone
7709924339
Signed
2019-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Decan
Formed
1968
Legal Domicile
Ga
Voting Board Members
22
Independent Board Members
22
Employees
64
Volunteers
300

Preparer

Firm
Brooks Mcginnis & Company LLC
Address
5607 GLENRIDGE DR STE 650, ATLANTA, GA 30342-4959
Preparer
Aileen B Bolger
Phone
4045314940
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Mission: affording all children in our community high quality early education. Vision: best start. Brightest future. Every child.

Form 990, Page 2, Part III, Line 3

Fulton county government canceled the cda's contract for kids express services in adamsville and sandy springs in january of 2018 eliminating that program.

Form 990, Page 2, Part III, Line 4A

Progress -parent-child conferences twice a year to inform parents about their child's progress and to engage them in their son or daughter's education -enrichment activities such as field trips, cultural performances and nature explorations cda's hardworking parents earned median incomes of only 21250 in 2017- 2018, so market-rate tuition of 250-300 per week would be beyond their reach. With scholarships, parents' median tuition payment was only 88 per week, which still represents 20-25% of their household income. Cda families make tangible sacrifices for their children's education. Scholarships made possible by generous partners are providing enormous opportunities like these: -we have had a family in our program who lives at another emergency housing for women and children who was very unhappy with her previous daycare experience. She received a caps certificate which stated she would pay us 49 a week. She was still struggling financially, but wanted to remain in the cda program enough to refer other families to us. The cda was able to give her an additional scholarship to reduce her tuition. She continues to promote cda in the community and participates in all of the activities/events we offer. -another family who came from an emergency service, and was referred to us by the family described above, had two children, one of whom is age- eligible for our program. Even though mom works, she was unable to pay her tuition each week. Because of our 3-star program, and the quality rated grant, she was eligible to participate in the grant which allowed her daughter to attend our program for free. She is eternally grateful to us and our program which will change the trajectory of her child's life. -joseph (name changed) was enrolled in the cda program since being 3 years old. Throughout that year staff spoke with his parents about some developmental concerns. It wasn't until the asq results in pre-k that the parents agreed to refer him to fulton county schools. That fall, he was evaluated and the recommendation was for him to attend a special needs pre-k program and thereby leaving the cda program. It was a tough decision but with the help of our family advocate who had been working with the family for over a year, they decided to enroll him in the special needs program near their home.

Form 990, Page 2, Part III, Line 4B

Failure without additional support making the transition to kindergarten. And, in the summer of 2013, we were asked by bright from the start to help launch another pilot program-this one providing a six-week summer preparatory curriculum for english language learners entering prek in the fall. This rising prek summer transition program was renewed in 2014, 2015, 2016, 2017 and 2018 with two classrooms serving a total of 28 children.

Form 990, Page 2, Part III, Line 4C

In 2017-2018, kids express received almost 1,000 visits by more than 700 children. Unfortunately, in january of 2018, fulton county eliminated funding for this program and the services were eliminated. More details are listed below.

Financial Statement Notes

Schedule D, Page 3, Part X

The association is a nonprofit organization exempt from federal income taxes under internal revenue code section 501(c)(3). Income from certain activities not directly related to the organizations tax-exempt purpose is subject to taxation as unrelated business income. There was no unrelated business income for the years ended june 30, 2018 and 2017, respectively. Management believes that it has appropriate support for any tax positions taken by the association, and as such does not have any uncertain tax positions that are material to the financial statements. The associations income tax returns are subject to examination by the appropriate regulatory authorities and remain open for the last three years.

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IRS990/Desc0CHILDREN'S CENTER: IN 2017-2018, THE CDA SERVED OVER 240 CHILDREN, PROVIDING FULL-DAY EARLY CHILDHOOD EDUCATION IN THE CDA COMMUNITY CENTER. THIS FACILITY HAS NINE VIBRANT CLASSROOMS-SIX FOR TODDLERS AND PRESCHOOLERS, THREE FOR PREKINDERGARTEN CHILDREN-- WITH WELL-QUALIFIED TEACHERS NURTURING AND EDUCATING 156 YOUNGSTERS EACH DAY AGES ONE TO FIVE YEARS. THESE CHILDREN RECEIVED: -COMPREHENSIVE CURRICULUM PROMOTING COGNITIVE, PHYSICAL, LANGUAGE AND SOCIAL DEVELOPMENT -WHOLESOME NUTRITION, INCLUDING BREAKFAST, LUNCH AND A SNACK EACH DAY -IMMUNIZATION, HEALTH AND DENTAL SCREENINGS -DEVELOPMENTAL SCREENINGS THROUGHOUT THE YEAR TO MONITOR EACH CHILD'S PROGRESS -PARENT-CHILD CONFERENCES TWICE A YEAR TO INFORM PARENTS ABOUT THEIR CHILD'S PROGRESS AND TO ENGAGE THEM IN THEIR SON OR DAUGHTER'S EDUCATION -ENRICHMENT ACTIVITIES SUCH AS FIELD TRIPS, CULTURAL PERFORMANCES AND NATURE EXPLORATIONS CDA'S HARDWORKING PARENTS EARNED MEDIAN INCOMES OF ONLY 21250 IN 2017- 2018, SO MARKET-RATE TUITION OF 250-300 PER WEEK WOULD BE BEYOND THEIR REACH. WITH SCHOLARSHIPS, PARENTS' MEDIAN TUITION PAYMENT WAS ONLY 88 PER WEEK, WHICH STILL REPRESENTS 20-25% OF THEIR HOUSEHOLD INCOME. CDA FAMILIES MAKE TANGIBLE SACRIFICES FOR THEIR CHILDREN'S EDUCATION. SCHOLARSHIPS MADE POSSIBLE BY GENEROUS PARTNERS ARE PROVIDING ENORMOUS OPPORTUNITIES LIKE THESE: -WE HAVE HAD A FAMILY IN OUR PROGRAM WHO LIVES AT ANOTHER EMERGENCY HOUSING FOR WOMEN AND CHILDREN WHO WAS VERY UNHAPPY WITH HER PREVIOUS DAYCARE EXPERIENCE. SHE RECEIVED A CAPS CERTIFICATE WHICH STATED SHE WOULD PAY US 49 A WEEK. SHE WAS STILL STRUGGLING FINANCIALLY, BUT WANTED TO REMAIN IN THE CDA PROGRAM ENOUGH TO REFER OTHER FAMILIES TO US. THE CDA WAS ABLE TO GIVE HER AN ADDITIONAL SCHOLARSHIP TO REDUCE HER TUITION. SHE CONTINUES TO PROMOTE CDA IN THE COMMUNITY AND PARTICIPATES IN ALL OF THE ACTIVITIES/EVENTS WE OFFER. -ANOTHER FAMILY WHO CAME FROM AN EMERGENCY SERVICE, AND WAS REFERRED TO US BY THE FAMILY DESCRIBED ABOVE, HAD TWO CHILDREN, ONE OF WHOM IS AGE- ELIGIBLE FOR OUR PROGRAM. EVEN THOUGH MOM WORKS, SHE WAS UNABLE TO PAY HER TUITION EACH WEEK. BECAUSE OF OUR 3-STAR PROGRAM, AND THE QUALITY RATED GRANT, SHE WAS ELIGIBLE TO PARTICIPATE IN THE GRANT WHICH ALLOWED HER DAUGHTER TO ATTEND OUR PROGRAM FOR FREE. SHE IS ETERNALLY GRATEFUL TO US AND OUR PROGRAM WHICH WILL CHANGE THE TRAJECTORY OF HER CHILD'S LIFE. -JOSEPH (NAME CHANGED) WAS ENROLLED IN THE CDA PROGRAM SINCE BEING 3 YEARS OLD. THROUGHOUT THAT YEAR STAFF SPOKE WITH HIS PARENTS ABOUT SOME DEVELOPMENTAL CONCERNS. IT WASN'T UNTIL THE ASQ RESULTS IN PRE-K THAT THE PARENTS AGREED TO REFER HIM TO FULTON COUNTY SCHOOLS. THAT FALL, HE WAS EVALUATED AND THE RECOMMENDATION WAS FOR HIM TO ATTEND A SPECIAL NEEDS PRE-K PROGRAM AND THEREBY LEAVING THE CDA PROGRAM. IT WAS A TOUGH DECISION BUT WITH THE HELP OF OUR FAMILY ADVOCATE WHO HAD BEEN WORKING WITH THE FAMILY FOR OVER A YEAR, THEY DECIDED TO ENROLL HIM IN THE SPECIAL NEEDS PROGRAM NEAR THEIR HOME.
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IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.96$0.31$2.65$2.83$3.04$0.21
2023Detailed filing. Detailed filing data is available for this year.$3.04$0.10$2.93$2.58$2.71$0.13
2022Detailed filing. Detailed filing data is available for this year.$3.23$0.17$3.05$2.92$2.54$0.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.41$2.70$2.29$1.98$0.31
2020Detailed filing. Detailed filing data is available for this year.$2.95$0.59$2.36$1.82$2.15$0.33
2019Detailed filing. Detailed filing data is available for this year.$3.16$0.46$2.70$2.32$2.17$0.16
2018Detailed filing. Detailed filing data is available for this year.$2.92$0.39$2.53$2.14$2.08$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.51$0.04$2.47$2.07$2.20$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.61$0.03$2.58$2.01$2.17$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.78$0.04$2.74$1.99$2.08$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.92$0.08$2.84$2.48$2.22$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.08$2.57$2.01
2012Summary only. Only limited summary data is available for this year.$2.79$0.08$2.71$1.57$1.72$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.06$2.87$1.50
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $1M-$5M nonprofits