Civic Intelligence

Renaissance Child Development Center

990 • Fiscal year 2021 • EIN 81-4444788

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 14, 2022

3610 Nobles Ave 199Charlotte, NC 28208

(704) 248-3761

Siviq Scores

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

Liabilities / Assets

90th percentile

0.84x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

61.93x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

1st percentile

-351%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$181,315

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 232.2% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

16th percentile

-2.9%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-0.8%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$5,733,238

Down $171,283 (-2.9%) from 2020

Net Assets

Down

$896,175

Down $274,297 (-23%) from 2020

Liabilities

Up

$4,837,063

Up $103,014 (+2.2%) from 2020

Revenue

Down

$78,102

Down $621 (-0.8%) from 2020

Expenses

Up

$352,399

Up $14,222 (+4.2%) from 2020

Net Income

Down

-$274,297

Down $14,843 (-5.7%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2017: $6,540,249Liabilities 2017: $5,901,051Net Assets 2017: $639,1982017Assets 2018: $6,352,634Liabilities 2018: $4,698,450Net Assets 2018: $1,654,1842018Assets 2019: $6,130,934Liabilities 2019: $4,701,008Net Assets 2019: $1,429,9262019Assets 2020: $5,904,521Liabilities 2020: $4,734,049Net Assets 2020: $1,170,4722020Assets 2021: $5,733,238Liabilities 2021: $4,837,063Net Assets 2021: $896,1752021Assets 2022: $5,564,267Liabilities 2022: $4,982,085Net Assets 2022: $582,1822022Assets 2023: $5,427,912Liabilities 2023: $5,117,869Net Assets 2023: $310,0432023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2021

Assets$5,733,238
Liabilities$4,837,063
Net Assets$896,175

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $341,186Expenses 2017: $45,380Net Income 2017: $295,8062017Revenue 2018: $1,277,945Expenses 2018: $262,959Net Income 2018: $1,014,9862018Revenue 2019: $78,147Expenses 2019: $302,405Net Income 2019: -$224,2582019Revenue 2020: $78,723Expenses 2020: $338,177Net Income 2020: -$259,4542020Revenue 2021: $78,102Expenses 2021: $352,399Net Income 2021: -$274,2972021Revenue 2022: $78,121Expenses 2022: $392,114Net Income 2022: -$313,9932022Revenue 2023: $134,527Expenses 2023: $406,666Net Income 2023: -$272,1392023Revenue 2024: $4,703,271Expenses 2024: $632,399Net Income 2024: $4,070,8722024

Highlighted filing

2021

Revenue$78,102
Expenses$352,399
Net Income-$274,297
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 14, 2022
Return Version
2021v4.2
Gross Receipts
$78,102
Mission and Program Overview

Mission

To provide quality and holistic early education to children, ages 0-5, living in the renaissance and little rock neighborhoods for any families who desire it and to not let cost be a barrier.

To provide quality and holistic early education to children ages 0-5.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,431,264$5,199,701▼ $231,563
Rtn Earn Endowment Incm Other Fnds$1,170,472$896,175▼ $274,297
Cash and Non-Interest-Bearing Accounts$182,889$229,615▲ $46,726
Prepaid Expenses and Deferred Charges$13,748$39,286▲ $25,538
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,904,521$5,733,238▼ $171,283
Other Assets Total$276,620$264,636▼ $11,984
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,650,000$4,650,000→ $0
Other Liabilities$71,987$181,130▲ $109,143
Accounts Payable and Accrued Expenses$12,062$5,933▼ $6,129
Total Liabilities$4,734,049$4,837,063▲ $103,014
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,170,472$896,175▼ $274,297
Total Liabilities and Net Assets / Fund Balance$5,904,521$5,733,238▼ $171,283

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,571,298$804,367$5,375,665
Equipment$338,824$58,988$397,812
Other Land Buildings$209,348$36,836$246,184
Land$80,231-$80,231
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve KeckeisChairman
Cammie HauptfuhrerBoard Member
David JonesBoard Member
Dorothy Counts-scogginsBoard Member
William McdonaldChief Executive Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$47,000
Investment Income
$31,102
Other Revenue
$0
Change in Net Assets
$-274,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$352,399
Total Fundraising Expense$6,017
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$235,153--$235,153
Interest$53,228--$53,228
Occupancy$43,404$1,748$5,395$50,547
Insurance$12,414$188$578$13,180
Other Expenses$166$81$44$291
Total Functional Expenses$344,365$2,017$6,017$352,399
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
Due to Related Party$181,130
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Renaissance west community initiative, a related organization, has the power to appoint board members of renaissance child development center.

Form 990, Part VI, Section B, Line 11B

The form 990 will be provided to the board of directors for their review prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy and a discussion about the policy is provided to each board member annually.

Form 990, Part VI, Section C, Line 19

Rcdc makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Renaissance Child Development Center
EIN
81-4444788
Phone
7042483761
Address
3610 NOBLES AVE 199, CHARLOTTE, NC 28208

Signing Officer

Name
William Mcdonald Jr
Title
Chief Executive Officer
Phone
7042483761
Signed
2022-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Mcdonald Jr
Formed
2016
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
227 WEST TRADE STREET SUITE 800, CHARLOTTE, NC 28202
Preparer
John Norman
Phone
7049985200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is a nonprofit organization and is exempt from income tax under section 501(c)(3) of the internal revenue code with respect to its exempt function income. The organization is not a private foundation as defined by section 509(a) of the internal revenue code. The organization's income tax returns are subject to review and examination by federal, state, and local authorities. The organization is not aware of any activities that would jeopardize its tax-exempt status. Generally accepted accounting principles require an organization to recognize a tax benefit or expense from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the tax authorities, based on the technical merits of the position. Management believes the organization had no uncertain tax positions as of december 31, 2021 or 2020.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE WITH RESPECT TO ITS EXEMPT FUNCTION INCOME. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE AN ORGANIZATION TO RECOGNIZE A TAX BENEFIT OR EXPENSE FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT BELIEVES THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 OR 2020.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt04994
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM MCDONALD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0181315
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS SET BY A RELATED ORGANIZATION, RENAISSANCE WEST COMMUNITY INITIATIVE ("RWCI"). THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF RWCI CONDUCTS THE ANNUAL PERFORMANCE AND COMPENSATION REVIEW OF THE CHIEF EXECUTIVE OFFICER AND THE COMPENSATION IS APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RENAISSANCE WEST COMMUNITY INITIATIVE, A RELATED ORGANIZATION, HAS THE POWER TO APPOINT BOARD MEMBERS OF RENAISSANCE CHILD DEVELOPMENT CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY AND A DISCUSSION ABOUT THE POLICY IS PROVIDED TO EACH BOARD MEMBER ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RCDC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RENAISSANCE WEST COMMUNITY INITIATIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0271396021
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMMUNITY REDEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03610 NOBLES AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028208
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05904521
IRS990/TotalAssetsEOYAmt05733238
IRS990/TotalAssetsGrp/BOYAmt05904521
IRS990/TotalAssetsGrp/EOYAmt05733238
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06017
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02017
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0344365
IRS990/TotalFunctionalExpensesGrp/TotalAmt0352399
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04734049
IRS990/TotalLiabilitiesEOYAmt04837063
IRS990/TotalLiabilitiesGrp/BOYAmt04734049
IRS990/TotalLiabilitiesGrp/EOYAmt04837063
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01170472
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0896175
IRS990/TotalOtherCompensationAmt022302
IRS990/TotalProgramServiceExpensesAmt0344365
IRS990/TotalProgramServiceRevenueAmt047000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt031102
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt078102
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05904521
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05733238
IRS990/TotReportableCompRltdOrgAmt0159013
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03610 NOBLES AVE 199
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028208
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM MCDONALD JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07042483761
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RENAISSANCE CHILD DEVELOPMENT CENTER
ReturnHeader/Filer/BusinessNameControlTxt0RENA
ReturnHeader/Filer/EIN0814444788
ReturnHeader/Filer/PhoneNum07042483761
ReturnHeader/Filer/USAddress/AddressLine1Txt03610 NOBLES AVE 199
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0227 WEST TRADE STREET SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028202
ReturnHeader/PreparerPersonGrp/PhoneNum07049985200
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN NORMAN
ReturnHeader/ReturnTs02022-11-08T07:42:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCDONALD JR
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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