Glen Cove Child Day Care Center Inc

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Glen Cove Child Day Care Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Glen Cove Child Day Care Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Glen Cove Child Day Care Center Inc in one place.

Is Glen Cove Child Day Care Center Inc Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Glen Cove Child Day Care Center Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Glen Cove Child Day Care Center Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Glen Cove Child Day Care Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Glen Cove Child Day Care Center Inc

Glen Cove Child Day Care Center Inc (EIN: 116046932) is a nonprofit organization based in Glen Cove, NY. The organization reported total revenue of $2.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glen Cove Child Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Glen Cove Child Day Care Center Inc is a mid-size nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Glen Cove Child Day Care Center Inc reported a deficit of $88K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 36.8% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Glen Cove Child Day Care Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Glen Cove Child Day Care Center Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Glen Cove Child Day Care Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $88K, with expenses exceeding revenue.
• Debt-to-asset ratio: 36.8%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization with annual revenues exceeding $2 million and suggests either a volunteer leadership model or compensation is covered by other means not reported as officer compensation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Glen Cove Child Day Care Center Inc's IRS 990 filings:

• Unusually low liabilities for an organization of this size, which could indicate incomplete reporting or unique operational structure.
• Consistent 0% officer compensation for an organization with over $2 million in revenue is highly unusual and warrants further investigation into how leadership is compensated or if it's entirely volunteer-run.

Strengths

The following positive indicators were identified for Glen Cove Child Day Care Center Inc:

• Consistent revenue generation over $2 million annually, demonstrating stable operations.
• Healthy growth in assets from $487,982 in 2014 to $716,827 in 2023, indicating strong financial health.
• Very low liabilities across all reported periods, suggesting minimal debt and strong financial solvency.
• Consistent reporting of 0% officer compensation, indicating a strong focus on mission and potentially high efficiency in directing funds to programs.
• Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and transparency.

Frequently Asked Questions about Glen Cove Child Day Care Center Inc

Filing History

IRS 990 filing history for Glen Cove Child Day Care Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Glen Cove Child Day Care Center Inc's revenue has grown by 4.4%, moving from $2.2M to $2.3M. Total assets increased by 23.1% over the same period, from $582K to $717K. Total functional expenses rose by 9.5%, from $2.2M to $2.4M. In its most recent filing year (2023), Glen Cove Child Day Care Center Inc reported a deficit of $88K, with expenses exceeding revenue. The organization holds $264K in liabilities against $717K in assets (debt-to-asset ratio: 36.8%), resulting in net assets of $453K.

Year-by-Year Financial Summary

• 2023: Revenue of $2.3M, expenses of $2.4M, and assets of $717K (revenue -8.6% year-over-year).
• 2022: Revenue of $2.6M, expenses of $2.5M, and assets of $557K (revenue +2.9% year-over-year).
• 2021: Revenue of $2.5M, expenses of $2.4M, and assets of $489K (revenue +5.5% year-over-year).
• 2020: Revenue of $2.4M, expenses of $2.5M, and assets of $399K (revenue -10.1% year-over-year).
• 2019: Revenue of $2.6M, expenses of $2.6M, and assets of $577K (revenue +4.3% year-over-year).
• 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $558K (revenue +3.2% year-over-year).
• 2017: Revenue of $2.4M, expenses of $2.4M, and assets of $517K (revenue +2.5% year-over-year).
• 2016: Revenue of $2.4M, expenses of $2.4M, and assets of $539K (revenue +4.6% year-over-year).
• 2015: Revenue of $2.3M, expenses of $2.2M, and assets of $570K (revenue +18.7% year-over-year).
• 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $488K (revenue -3.3% year-over-year).
• 2013: Revenue of $2.0M, expenses of $2.0M, and assets of $461K (revenue -9.0% year-over-year).
• 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $537K (revenue -2.8% year-over-year).
• 2011: Revenue of $2.2M, expenses of $2.2M, and assets of $582K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Glen Cove Child Day Care Center Inc:

Data Sources and Methodology

This transparency report for Glen Cove Child Day Care Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.