Civic Intelligence

Sewall Child Development Center Inc.

990 • Fiscal year 2021 • EIN 84-0413241

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 09, 2022

940 Fillmore StreetDenver, CO 80206

(303) 399-1800

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.60x

Higher debt load relative to assets than 83% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.73x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

33rd percentile

4.1%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

42nd percentile

$103,253

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

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

Asset Growth

45th percentile

7.4%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

61st percentile

21%

Faster revenue growth than 61% of similar nonprofits.

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

Assets

Up

$8,088,687

Up $557,132 (+7.4%) from 2020

Net Assets

Up

$3,224,147

Up $334,928 (+12%) from 2020

Liabilities

Up

$4,864,540

Up $222,204 (+4.8%) from 2020

Revenue

Up

$6,630,312

Up $1,147,941 (+21%) from 2020

Expenses

Up

$6,360,483

Up $27,210 (+0.4%) from 2020

Net Income

Up

$269,829

Up $1,120,731 (+132%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $4,667,694Liabilities 2010: $420,931Net Assets 2010: $4,246,7632010Assets 2011: $4,111,231Liabilities 2011: $408,028Net Assets 2011: $3,703,2032011Assets 2012: $3,942,019Liabilities 2012: $386,366Net Assets 2012: $3,555,6532012Assets 2013: $3,743,957Liabilities 2013: $399,853Net Assets 2013: $3,344,1042013Assets 2014: $7,056,369Liabilities 2014: $3,848,706Net Assets 2014: $3,207,6632014Assets 2015: $7,847,730Liabilities 2015: $4,905,037Net Assets 2015: $2,942,6932015Assets 2016: $7,091,308Liabilities 2016: $3,711,487Net Assets 2016: $3,379,8212016Assets 2017: $7,257,692Liabilities 2017: $3,452,148Net Assets 2017: $3,805,5442017Assets 2018: $7,032,475Liabilities 2018: $3,562,756Net Assets 2018: $3,469,7192018Assets 2019: $7,434,884Liabilities 2019: $3,694,763Net Assets 2019: $3,740,1212019Assets 2020: $7,531,555Liabilities 2020: $4,642,336Net Assets 2020: $2,889,2192020Assets 2021: $8,088,687Liabilities 2021: $4,864,540Net Assets 2021: $3,224,1472021Assets 2022: $7,282,510Liabilities 2022: $3,543,746Net Assets 2022: $3,738,7642022Assets 2023: $6,955,300Liabilities 2023: $3,965,987Net Assets 2023: $2,989,3132023Assets 2024: $6,570,883Liabilities 2024: $3,762,122Net Assets 2024: $2,808,7612024

Highlighted filing

2021

Assets$8,088,687
Liabilities$4,864,540
Net Assets$3,224,147

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2010: $3,149,273Expenses 2010: $3,133,713Net Income 2010: $15,5602010Revenue 2011: $2,892,848Expenses 2011: $3,019,547Net Income 2011: -$126,6992011Expenses 2012: $3,124,6832012Revenue 2013: $3,319,533Expenses 2013: $3,504,015Net Income 2013: -$184,4822013Revenue 2014: $4,519,918Expenses 2014: $4,048,820Net Income 2014: $471,0982014Revenue 2015: $4,204,151Expenses 2015: $4,465,805Net Income 2015: -$261,6542015Revenue 2016: $5,371,057Expenses 2016: $4,944,563Net Income 2016: $426,4942016Revenue 2017: $5,316,126Expenses 2017: $4,890,403Net Income 2017: $425,7232017Revenue 2018: $2,332,423Expenses 2018: $2,634,911Net Income 2018: -$302,4882018Revenue 2019: $5,928,175Expenses 2019: $5,673,571Net Income 2019: $254,6042019Revenue 2020: $5,482,371Expenses 2020: $6,333,273Net Income 2020: -$850,9022020Revenue 2021: $6,630,312Expenses 2021: $6,360,483Net Income 2021: $269,8292021Revenue 2022: $7,111,470Expenses 2022: $6,512,329Net Income 2022: $599,1412022Revenue 2023: $6,925,214Expenses 2023: $7,691,229Net Income 2023: -$766,0152023Revenue 2024: $7,513,814Expenses 2024: $7,760,166Net Income 2024: -$246,3522024

Highlighted filing

2021

Revenue$6,630,312
Expenses$6,360,483
Net Income$269,829
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 9, 2022
Return Version
2020v4.0
Gross Receipts
$6,653,230
Mission and Program Overview

Mission

Sewall child development center provides inclusive, joyful, learning environments using the power of partnerships, diversity and belonging to enrich the social and academic growth of every child and family.

Sewall child development center provides inclusive and joyful learning environments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,086,583$5,966,976▼ $119,607
Savings and Temporary Cash Investments$425,740$796,995▲ $371,255
Investments in Publicly Traded Securities$547,163$665,838▲ $118,675
Accounts Receivable$383,574$634,380▲ $250,806
Pledges and Grants Receivable$72,800--
Prepaid Expenses and Deferred Charges$15,695$24,498▲ $8,803
Total Assets$7,531,555$8,088,687▲ $557,132
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,435,126$3,400,003▼ $35,123
Other Liabilities$913,067$994,266▲ $81,199
Accounts Payable and Accrued Expenses$288,557$320,271▲ $31,714
Unsecured Notes Loans Payable-$150,000-
Deferred Revenue$5,586--
Total Liabilities$4,642,336$4,864,540▲ $222,204
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,269,256$2,558,309▲ $289,053
Net Assets With Donor Restrictions$619,963$665,838▲ $45,875
Total Net Assets Fund Balance$2,889,219$3,224,147▲ $334,928
Total Liabilities and Net Assets / Fund Balance$7,531,555$8,088,687▲ $557,132

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,730,874$605,355$4,336,229
Land$2,100,406-$2,100,406
Equipment$130,643$107,447$238,090
Leasehold Improvements$5,053$777$5,830

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$390,483-▲ $91,925-$478,060
2019$390,558-▲ $4,900$-1,087$390,486
2018-$375,000▲ $17,988-$390,558
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heidi HeissenbuttelPresident &FT$97,853$5,400$103,253

Board Members and Trustees

NameTitle
Steve HollowayChair
Lynn StambaughChair-progra
Barbara BieberDirector
Charon EarnestDirector
Jonathan LurieDirector
Karen PossehlDirector
Kevin ConroyDirector
Marc KleinerDirector
Peter WeinbergDirector
Stephen HollowayDirector
Tyler GomesDirector
Chuck FishEx-officio C
Bill HollandSecretary
Randall SylvanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,601,532
Program Service Revenue
$4,629,413
Investment Income
$60,499
Other Revenue
$338,868
All Other Contributions
$748,732
Change in Net Assets
$269,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,630,312
Revenue Not Reported on Form 990
$65,099
Total Revenue per Audited Statements
$6,695,411
Total Revenue per Form 990
$6,630,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,229,424
Other Expenses$1,108,556
Total Fundraising Expense$262,633
Grants and Similar Amounts Paid$22,503
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,100,024$255,579$107,335$4,462,938
Payroll Taxes$314,858$21,540$9,130$345,528
Other Employee Benefits$280,933$17,513$7,354$305,800
Occupancy$196,163$10,892$7,399$214,454
Interest$135,910$8,784$5,967$150,661
Insurance$127,383$2,143$4,518$134,044
Depreciation Depletion$120,619$7,796$5,296$133,711
Current Officers, Directors, Trustees, and Key Employees$105,796$6,598$2,764$115,158
Office Expenses$21,133$32,489$8,406$62,028
Fees for Services Other$26,290$831$31,664$58,785
Grants to Domestic Individuals$22,503--$22,503
Fees for Services Accounting-$18,050-$18,050
Conferences and Meetings$16,764$1,143-$17,907
Other Expenses$1,377$4,777$72,800$6,154
Travel$1,468$92-$1,560
Total Functional Expenses$5,700,853$396,997$262,633$6,360,483

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,360,483
Total Expenses per Audited Statements$6,360,483
Total Expenses per Form 990$6,360,483
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$110,815
Fundraising Direct Expenses$22,918
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Beacon Dinner$59,327$59,327$13,237$46,090
Champions Lunch$51,488$51,488$9,681$41,807
Total Events$110,815$110,815$22,918$87,897
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Loan$946,400
Capital Lease Obligation$47,866
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 draft 990 was reviewed by the chief executive officer (ceo) and distributed by the ceo to the finance committee for review before signing the final document. The contract accountant also reviews the financial statement portion of the draft.

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

All staff, volunteers, and board members must avoid potential and actual conflicts of interest, as well as perceptions of conflicts of interest. Any conflict of interest, potential conflict of interest, or the appearance of a conflict of interest must be reported to the ceo immediately. Members of the board are prohibited from accepting gifts, money or gratuities from the following: - persons receiving benefits or services from sewall - any person or entity performing or seeking to perform services under contract with sewall - persons who are otherwise in a position to benefit from the actions of the board any board member who has a conflict of interest must abstain from voting on any matter to which the conflict of interest applies, and each board member must fully disclose to the ceo and then the ceo must fully disclose to the board chair, all material facts regarding the conflict of interest and the conflicted transaction. All staff, volunteers and board members must periodically sign an acknowledgement of their understanding of the purposes of the policy and their agreement to make full written disclosure of any matter that could potentially be a conflict of interest as soon as they learn of it.

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

The current ceo's compensation was determined and documented by the board of directors after conducting a national search of compensation for similar positions in other nonprofit organizations in 2010. The ceo's compensation is reviewed annually, and was last reviewed in december of 2017.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, financial statements, and form 990 available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sewall Child Development Center Inc
EIN
84-0413241
Phone
3033991800
Address
940 FILLMORE STREET, DENVER, CO 80206

Signing Officer

Name
Heidi Heissenbuttel
Title
President & CEO
Phone
3033991800
Signed
2022-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heidi Heissenbuttel
Formed
1950
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
130

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Diane K Granger
Phone
3038308109
Supplemental Narrative

Additional Explanations

Form 990

On march 16, 2020, sewall administration, in collaboration with denver public schools and the children's hospital, made the decision to close all sewall programming due to the threat of the covid virus. Upon further networking, sewall staff began remote services to children and their families as appropriate and possible during the second week of april. At the beginning of june 2020, sewall began to open its full day programs in stages, first to full day families at 2 locations with a third of the staff returning. All staff without health/family issues impacted by covid were requested to return on-site in july 2020. During the time period between march and june 2020, administrators worked with all of our program funding partners to bill for as many remote services as possible. All staff who wanted continued employment stayed with sewall and were paid throughout this period. In addition, sewall expanded fundraising to include supporting families with emergency funding for food, clothing and rent. Additional resources were put into technology to enable children, families and staff to enable full participation.

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

Preschool - children, ages two and one-half to five, with and without special needs, are taught in preschool classes based on an inclusive education model. Sessions are four days weekly for half a day at nine locations. Therapies are integrated into classroom activities in the most natural way possible. The "read, play and learn" curriculum provides the basis for sewall's early intervention in preschool, and is implemented in a trans-disciplinary, play-based approach. The trans-disciplinary approach encompasses cognitive, social-emotional, sensorimotor, communication and language perspectives. Development and learning is encouraged across domains. The curriculum focuses on incorporating activities that motivate each child, and as a result of the teachers' role as facilitator, each child has individualized instruction. The team, including an early childhood teacher, teaching assistant, early childhood special educator, occupational or physical therapist, speech/language pathologist and mental health specialist, plan the curriculum on a weekly basis. Using familiar stories, the team provides a theme-based approach to encourage and support each child's growth development. The storybooks reflect family, community, and cultural diversity. Children engage in a variety of activities suited to their developmental abilities and all relating to the same concept. Repetition of these concepts across numerous and diverse situations encourages the generalization of knowledge and skills.

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

Infant/toddler - children, from birth to age three, having identified special needs, and their parents are provided early intervention services in a variety of settings, including home and childcare. The child's potential is developed within the context of typical daily activities. Early childhood educators consider play a child's work. Beginning at age two, parents may enroll their child in a transitional toddler/preschool program at sewall for children with and without special needs. Diagnostic and evaluation clinic - ("d & e clinic") children from birth to age 12 exhibiting potential delays receive a comprehensive evaluation by sewall's trans-disciplinary diagnostic and evaluation team. Diagnostic information and treatment recommendations are provided to the child's caregiver. Family outreach - sewall's social workers partner with parents to involve them in decisions about their children and their children's programs, and to assist them in needed resources in the community. Partners in leadership, comprised of monthly weekend advocacy sessions, is training for a cohort of twenty families during the school year. Head start delegate program - 60 children are funded under the umbrella of denver great kids head start to receive full-day head start preschool services. Two sites have been designated as head start delegate sites: dahlia center for health and well-being and the zone for inclusive learning (formerly z place). All children receive all educational services (as noted in preschool) as well as meals through the usda food program and support by a family service worker.

Form 990, Part X

Sewall applied for and received a paycheck protection program loan of 852,800.00 in april 2020 to support the agency in keeping all staff and bills paid during the covid lockdown between march and june 2020. That loan was forgiven in april of 2021, and was recognized as a grant during the fiscal year. In february of 2021, the organization received a second draw in the amount of 946,400 under the ppp. The loan was outstanding as of 6/30/21, and is recognized as a liability on the balance sheet. However, the entire balance was forgiven in november of 2021, and will be recognized as a grant in fiscal 2021-22.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization has established two endowment funds through rose community foundation (the foundation). The sewall child development center teachers fund (teachers fund) was established in order to support the salaries and professional development of teachers and paraprofessionals providing inclusive early childhood services. Under the terms of the teachers fund, the organization may receive annual distributions of 25,000. The sewall child development center endowment (endowment) was established for general operating support. Under the terms of the endowment fund, contributions are held in perpetuity. The organization may receive annual distributions of up to 5% of the fund balance provided the fund balance does not fall below the principal of the endowment which was 25,000 at year-end.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.57$3.76$2.81$7.51$7.76$0.25
2023Detailed filing. Detailed filing data is available for this year.$6.96$3.97$2.99$6.93$7.69$0.77
2022Detailed filing. Detailed filing data is available for this year.$7.28$3.54$3.74$7.11$6.51$0.60
2021Detailed filing. Detailed filing data is available for this year.$8.09$4.86$3.22$6.63$6.36$0.27
2020Detailed filing. Detailed filing data is available for this year.$7.53$4.64$2.89$5.48$6.33$0.85
2019Detailed filing. Detailed filing data is available for this year.$7.43$3.69$3.74$5.93$5.67$0.25
2018Summary only. Only limited summary data is available for this year.$7.03$3.56$3.47$2.33$2.63$0.30
2017Detailed filing. Detailed filing data is available for this year.$7.26$3.45$3.81$5.32$4.89$0.43
2016Detailed filing. Detailed filing data is available for this year.$7.09$3.71$3.38$5.37$4.94$0.43
2015Detailed filing. Detailed filing data is available for this year.$7.85$4.91$2.94$4.20$4.47$0.26
2014Detailed filing. Detailed filing data is available for this year.$7.06$3.85$3.21$4.52$4.05$0.47
2013Detailed filing. Detailed filing data is available for this year.$3.74$0.40$3.34$3.32$3.50$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.39$3.56$3.12
2011Summary only. Only limited summary data is available for this year.$4.11$0.41$3.70$2.89$3.02$0.13
2010Summary only. Only limited summary data is available for this year.$4.67$0.42$4.25$3.15$3.13$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $5M-$10M nonprofits