Civic Intelligence

Renaissance Child Development Center

990 • Fiscal year 2024 • EIN 81-4444788

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 30, 2025

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$170,238

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

3396%

Faster revenue growth than 100% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $5,427,912 (-100%) from 2023

Net Assets

Down

$0

Down $310,043 (-100%) from 2023

Liabilities

Down

$0

Down $5,117,869 (-100%) from 2023

Revenue

Up

$4,703,271

Up $4,568,744 (+3396%) from 2023

Expenses

Up

$632,399

Up $225,733 (+56%) from 2023

Net Income

Up

$4,070,872

Up $4,343,011 (+1596%) from 2023

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

2024

Assets$0
Liabilities$0
Net Assets$0

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

2024

Revenue$4,703,271
Expenses$632,399
Net Income$4,070,872
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$4,703,271
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$4,745,516$0▼ $4,745,516
Cash and Non-Interest-Bearing Accounts$430,238$0▼ $430,238
Prepaid Expenses and Deferred Charges$10,397$0▼ $10,397
Accounts Receivable$1,093$0▼ $1,093
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,427,912$0▼ $5,427,912
Other Assets Total$240,668$0▼ $240,668
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,650,000--
Other Liabilities$413,273--
Deferred Revenue$47,000--
Accounts Payable and Accrued Expenses$7,596--
Total Liabilities$5,117,869$0▼ $5,117,869
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$310,043--
Total Net Assets Fund Balance$310,043$0▼ $310,043
Total Liabilities and Net Assets / Fund Balance$5,427,912$0▼ $5,427,912
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$47,000
Investment Income
$7,271
Other Revenue
$4,649,000
Change in Net Assets
$4,070,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$632,399
Total Fundraising Expense$2,873
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$249,948--$249,948
Depreciation Depletion$234,102--$234,102
Occupancy$84,836--$84,836
Fees for Services Other$43,829--$43,829
Insurance$14,043$1,872$2,809$18,724
Office Expenses$533--$533
Other Expenses$299$64$64$427
Total Functional Expenses$627,590$1,936$2,873$632,399
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 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. Each member must sign acknowledgement of the policy annually and agree to adhere to it.

Form 990, Part VI, Section B, Line 15A

The executive committee of the board of directors of rwci ,a related organization, conducts the annual performance and compensation review of the chief executive officer and the compensation is approved by the full board of directors.

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
Stuart Sherrill
Title
Treasurer
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Foard and Company PA
Address
1347 Harding Place, Charlotte, NC 28204
Preparer
Garrett Summers
Phone
7043721515
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Transfer of Assets = -$4380915

Financial Statement Notes

Part X : FIN48 Footnote

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 andexamination 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 torecognize 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 onexamination by the tax authorities, based on the technical merits of theposition. Management believes the organization had no uncertain taxpositions as of december 31, 2023 or 2022.

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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt060000
IRS990ScheduleA/TotalSupportAmt0157623
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IRS990ScheduleD/FootnoteTextInd0X
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 ANDEXAMINATION 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 TORECOGNIZE 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 ONEXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THEPOSITION. MANAGEMENT BELIEVES THE ORGANIZATION HAD NO UNCERTAIN TAXPOSITIONS AS OF DECEMBER 31, 2023 OR 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt010843
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0139915
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0William McDonald
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0170238
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IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Assets
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-12-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0271396021
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt04380915
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Cost
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt03610 Nobles Ave
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Charlotte
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd028208
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IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY AND A DISCUSSION ABOUT THE POLICY IS PROVIDED TO EACH BOARD MEMBER ANNUALLY. EACH MEMBER MUST SIGN ACKNOWLEDGEMENT OF THE POLICY ANNUALLY AND AGREE TO ADHERE TO IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF RWCI ,A RELATED ORGANIZATION, CONDUCTS THE ANNUAL PERFORMANCE AND COMPENSATION REVIEW OF THE CHIEF EXECUTIVE OFFICER AND THE COMPENSATION IS APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RCDC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Transfer of Assets = -$4380915
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Renaissance West Community Initiiative
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
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IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Renaissance West Community Initiiative
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0true
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IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01936
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0627590
IRS990/TotalFunctionalExpensesGrp/TotalAmt0632399
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0310043
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00

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