2024-02-05T12:59:14-06:00 2023-06-30 351476702 BRADY WARE & SCHOENFELD INC 11175 CICERO DRIVE SUITE 300 ALPHARETTA GA 30022 990 2022-07-01 581085443 CHILDREN'S DEVELOPMENT ACADEMY INC CHIL 7709924339 89 GROVE WAY ROSWELL GA 30075 MARGARET DECAN CEO & EXEC. DIRECTOR 7709924339 2024-01-23 1 MARGARET DECAN 999009999 0 TERESA B SNYDER CPA P00166737 6783509500 2024-01-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MARGARET DECAN 89 GROVE WAY ROSWELL GA 30075 2741775 0 X WWW.CDAKIDS.ORG X 1968 GA MISSION: AFFORDING ALL CHILDREN IN OUR COMMUNITY HIGH QUALITY EARLY EDUCATION. VISION: BEST START. BRIGHTEST FUTURE. EVERY CHILD. 30 30 49 290 0 0 2502211 2085217 308934 240488 -2736 3243 109439 246840 2917848 2575788 0 0 0 0 1835135 1970835 0 0 263603 707723 739647 2542858 2710482 374990 -134694 3225514 3036987 172691 104264 3052823 2932723 X MISSION: AFFORDING ALL CHILDREN IN OUR COMMUNITY HIGH QUALITY EARLY EDUCATION. VISION: BEST START. BRIGHTEST FUTURE. EVERY CHILD. 0 0 2085903 244302 IN 2022-2023, THE CHILDREN'S DEVELOPMENT ACADEMY (CDA) PROVIDED HIGH-QUALITY, AFFORDABLE EARLY CARE AND LEARNING PROGRAMS TO MORE THAN 200 CHILDREN FROM LOW-INCOME FAMILIES WHO OTHERWISE WOULD NOT HAVE THE OPPORTUNITY TO ATTEND PRESCHOOL. THE CDA SERVES PRESCHOOL CHILDREN AGES 1 TO 5, INCLUDING THREE GEORGIA PRE-K CLASSROOMS. THE CDA EMPLOYS FULL TIME, EXPERIENCED AND HIGHLY QUALIFIED TEACHERS. OUR LOW STUDENT-TEACHER RATIOS ENSURE THAT EACH STUDENT RECEIVES DAILY INTERACTION AND INDIVIDUALIZED INSTRUCTION THAT STUDIES HAVE SHOWN ENSURES POSITIVE OUTCOMES WHEN STUDENTS REACH KINDERGARTEN AND BEYOND. THE CDA'S PRIMARY OBJECTIVE IS KINDERGARTEN READINESS, AND CHILDREN ENTERING OUR ONE YEAR-OLD CLASSROOM TODAY RECEIVE THE FOUNDATION NECESSARY FOR A STRONGER START IN KINDERGARTEN AT AGE FIVE AND OF ACHIEVING THE VITAL EDUCATIONAL MILESTONE OF READING AT THE THIRD GRADE LEVEL WHEN THEY ARE EIGHT. THE CDA FOLLOWS EVIDENCE-BASED PRACTICES OF QUALITY EARLY CHILDHOOD EDUCATION, EARLY INTERVENTION, NUTRITION, AND HEALTHCARE THAT SUPPORT A CHILD'S INTELLECTUAL DEVELOPMENT AND ACADEMIC SUCCESS.THE CDA FOLLOWS THE PLAY-BASED CREATIVE CURRICULUM THAT PROMOTES SOCIAL/EMOTIONAL, PHYSICAL, COGNITIVE, AND LANGUAGE DEVELOPMENT, AND OUR COMPREHENSIVE PRESCHOOL PROGRAM INCLUDES THE FOLLOWING FOR EACH CHILD: AN EARLY LITERACY PROGRAM FOCUSING ON PRE-READING SKILLS AND LANGUAGE ACQUISITION; ENRICHMENT ACTIVITIES INCLUDING FIELD TRIPS, CULTURAL PERFORMANCES, AND NATURE EXPLORATIONS, AND IN-CENTER VISITS FROM COMMUNITY HELPERS; PARENT-TEACHER CONFERENCES, PARENT WORKSHOPS AND FAMILY-BASED ACTIVITIES THAT INFORM AND ENGAGE PARENTS IN THEIR CHILD'S EDUCATION; DEVELOPMENTAL ASSESSMENTS THAT ENSURE THAT STUDENTS ARE ON TRACK; AND EACH CHILD RECEIVES A NUTRITIOUS BREAKFAST, LUNCH, AND SNACK EACH DAY, FOLLOWING GEORGIA'S BRIGHT FROM THE START AND CACFP NUTRITION GUIDELINES. CDA FAMILIES HAVE INCOMES THAT PUT HIGH QUALITY EARLY EDUCATION OUT OF REACH FINANCIALLY. FUNDRAISING ALLOWS THE CDA TO PROVIDE FREE TO EXTREMELY AFFORDABLE TUITION TO OUR FAMILIES ON A SLIDING SCALE BASED UPON HOUSEHOLD SIZE AND INCOME. THE AVERAGE COST FOR PRESCHOOL IN OUR COMMUNITY IS OVER $400 PER WEEK, BUT CDA FAMILIES PAY AN AVERAGE OF ONLY $75 PER WEEK TO ATTEND, WITH MANY FAMILIES PAYING NOTHING AT ALL. KEEPING OUR PROGRAMS HIGHLY AFFORDABLE FOR LOW-INCOME FAMILIES IS OUR NUMBER ONE PRIORITY AND IS ONLY POSSIBLE AS A RESULT OF THE GENEROSITY OF OUR DONORS, CORPORATE PARTNERS, AND FOUNDATIONS. GEORGIA PRE-K AND RISING PROGRAMS: SINCE 2010, THE CDA HAS OFFERED THREE GEORGIA PRE-K CLASSROOMS THAT SERVE 66 CHILDREN EACH YEAR. IN 2012, THE CDA WAS CHOSEN FOR A SIX-WEEK SUMMER PILOT PROGRAM, THE RISING-K SUMMER TRANSITION PROGRAM, WHICH SERVED CHILDREN DEEMED TO BE AT RISK OF SCHOOL FAILURE WITHOUT ADDITIONAL SUPPORT FOR MAKING THE TRANSITION TO KINDERGARTEN. THE CDA HAS WORKED WITH THE STATE TO OFFER THIS IMPORTANT SUMMER TRANSITION PROGRAM EVERY YEAR SINCE, INCLUDING 2022 AND 2023. AND, IN THE SUMMER OF 2013, THE CDA HELPED LAUNCH ANOTHER BRIGHT FROM THE START PILOT PROGRAM TO PROVIDE A SIX-WEEK SUMMER PREPARATORY CURRICULUM FOR ENGLISH LANGUAGE LEARNERS ENTERING PRE-K IN THE FALL. THIS RISING PRE-K SUMMER TRANSITION PROGRAM HAS BEEN RENEWED BY THE STATE AT THE CDA EVERY YEAR INCLUDING 2022 AND 2023. NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC): THE CDA CONTINUES TO MEET OR EXCEED THE NATIONAL STANDARDS FOR EARLY CARE AND LEARNING PROGRAMS. WE RECEIVED NAEYC REACCREDITATION IN APRIL 2014 AND MAY 2019. FEWER THAN 4% OF GEORGIA'S CHILDCARE CENTERS ARE NAEYC-ACCREDITED, CLEARLY SETTING THE CDA APART AS A CENTER OF HIGH QUALITY.QUALITY RATING: THE CDA HAS CONSISTENTLY MAINTAINED A THREE-STAR QUALITY RATING FROM GEORGIA'S BRIGHT FROM THE START FOR MANY YEARS, MOST RECENTLY RECEIVING RENEWAL IN 2022 WHEN OUR PROGRAM RECEIVED BONUS POINTS TO ACHIEVE A SCORE OF 47 OUT OF 45 POINTS. THIS IS THE HIGHEST RATING POSSIBLE - ONLY 10% OF ELIGIBLE CENTERS IN GEORGIA RECEIVE A THREE-STAR RATING - AND REPRESENTS INCREDIBLE HARD WORK BY OUR STAFF AND A COMMITMENT TO PROVIDE HIGH QUALITY EARLY EDUCATION TO THE CHILDREN IN OUR PROGRAM. 2085903 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 49 1 0 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X MARCIA H BRYCE 7709924339 89 GROVE WAY ROSWELL GA 30075 JOSEPH ALONSO CHAIR 5.00 X X 0 0 0 JIM STURM CHAIR-ELECT 2.00 X X 0 0 0 SHERRI HARRIS SECRETARY 2.00 X X 0 0 0 DOUG HIGGINS TREASURER 2.00 X X 0 0 0 MARGARET DECAN CEO & EXEC. 40.00 X X 146644 0 0 CARLYLE DOUGLAS DIRECTOR 1.00 X 0 0 0 FELTON ANDERSON DIRECTOR 1.00 X 0 0 0 JOSEPH PIONTEK DIRECTOR 1.00 X 0 0 0 CALVIN ASBURY PAST CHAIR 1.00 X 0 0 0 KAY LUCAS DIRECTOR 1.00 X 0 0 0 CLARA SMITH DIRECTOR 2.00 X 0 0 0 CORINNE BRIDGMAN DIRECTOR 1.00 X 0 0 0 SHARI MARTIN DIRECTOR 5.00 X 0 0 0 MARK SNODDY DIRECTOR 1.00 X 0 0 0 STEVE DORVEE DIRECTOR 1.00 X 0 0 0 GLORIA MATTEI DIRECTOR 2.00 X 0 0 0 LANA STEPKA DIRECTOR 2.00 X 0 0 0 TOM DUANE DIRECTOR 1.00 X 0 0 0 CINDY SUTTON DIRECTOR 1.00 X 0 0 0 CATHERINE STOREY PAST CHAIR 3.00 X 0 0 0 MARIE EDLER DIRECTOR 1.00 X 0 0 0 DANA MOORE DIRECTOR 1.00 X 0 0 0 TIM WYNKOOP DIRECTOR 1.00 X 0 0 0 BOB HAGAN DIRECTOR 1.00 X 0 0 0 CRISTIAN ORIHUELA DIRECTOR 1.00 X 0 0 0 DEBRA ZELNIO DIRECTOR 1.00 X 0 0 0 AYO RICHARDSON DIRECTOR 1.00 X 0 0 0 LALITHA ALLADI DIRECTOR 1.00 X 0 0 0 KANANI BRIGGS DIRECTOR 1.00 X 0 0 0 CHELSEA WRIGHT DIRECTOR 1.00 X 0 0 0 146644 0 0 1 0 0 0 0 94008 1397668 593541 115025 2085217 TUITION FEES 611600 240488 240488 240488 3689 3689 55100 0 55100 55100 55100 83857 84303 -446 -446 -446 269610 94008 81684 187926 187926 MISCELLANEOUS INCOME 900099 3814 3814 3814 2575788 244302 0 246269 141648 111540 14863 15245 1584387 1247623 166243 170521 53720 42006 6364 5350 43952 34368 5207 4377 147128 115044 17431 14653 20660 20660 2927 2927 22799 22799 12542 72 8770 3700 10393 7524 1479 1390 18313 14024 2511 1778 324 324 135599 88139 42036 5424 24529 15944 7604 981 SUPPLIES & OTHER GOODS 231455 197322 1621 32512 MEALS 93651 93651 JANITORIAL 47099 30614 14601 1884 REPAIRS & MAINTENANCE 46008 41292 4323 393 73348 46416 21537 5395 2710482 2085903 360976 263603 759817 723771 42700 141832 13763 22077 4452609 2508127 2046655 1944482 202084 204825 160495 3225514 3036987 72024 98489 100667 5775 172691 104264 X 2819360 2704656 233463 228067 3052823 2932723 3225514 3036987 -134694 14594 0 X 0 1 X 0 0 X 1844523 1645222 2093699 2502211 2085217 10170872 1844523 1645222 2093699 2502211 2085217 10170872 10170872 4206 1387 2808 2448 58789 69638 229478 203 304370 3814 537865 10778375 0.94360 0.92870 X PART II, LINE 10 SPECIAL EVENTS $363,618 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 202084 14891 12150 204825 242936 28705 12147 202084 215215 41839 10761 3357 242936 208552 20180 10427 3090 215215 205603 16213 10280 2984 208552 0 0 152585 152585 794386 605621 188765 3231957 1661728 1570229 273681 240778 32903 1944482 X 2673766 14594 4627 19221 2654545 2927 -81684 -78757 2575788 2793866 4627 4627 2789239 2927 -81684 -78757 2710482 PART X, LINE 2: 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, 2023 AND 2022, 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES DEDUCTED ON LINE 8B IN PART VIII PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES DEDUCTED ON LINE 8B IN PART VIII SCHEDULE D, PAGE 3, PART X ACCOUNTING STANDARDS REQUIRE THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING THE ASSOCIATION'S TAX RETURNS, TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THIS STATEMENT PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS "MORE-LIKELY-THAN-NOT" THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. BASED ON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE THE ASSOCIATION HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITION THAT WOULD PLACE THE ASSOCIATION'S EXEMPT STATUS IN JEOPARDY, AS OF JUNE 30, 2023. DOWN HOME DERBY 274490 62817 211673 9995 50942 5289 PARTY ON OUR PLAYGROUND 89128 31190 57938 15458 363618 94007 269611 9995 50942 20747 81684 187927 X SUPPLIES/EQUIPMENT 310 83545 FAIR MARKET VALUE X SILENT AUCTION ITEMS 143 31480 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT AUDIT AND FORM 990 ARE FIRST REVIEWED BY THE CHILDREN'S DEVELOPMENT ACADEMY ("CDA")FINANCE COMMITTEE WITH THE INDEPENDENT AUDITORS. 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'S FINAL REVIEW OF THE DOCUMENTS. THE BOARD OF DIRECTORS APPROVES THE FILING OF THE AUDIT AND FORM 990. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES COMPLETE A DISCLOSURE QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR BEGINS WITH A PERFORMANCE EVALUATION BY THE CHAIR, IMMEDIATE PAST CHAIR, AND CHAIR-ELECT. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE EXECUTIVE RESOURCES COMMITTEE, WHICH IS COMPRISED ENTIRELY OF INDEPENDENT INDIVIDUALS AND INCLUDES EXPERIENCED MANAGERS. THEIR REVIEW RELIES UPON EXECUTIVE COMPENSATION DATA GATHERED FROM OTHER LOCAL NON PROFIT ORGANIZATIONS OR OTHER COMPARABLE BODIES, AND THE CDA'S OWN PAST PRACTICE. THE RECOMMENDATION IS VOTED ON BY THE ENTIRE EXECUTIVE COMMITTEE BEFORE BEING APPROVED AND FORWARDED TO THE FINANCE DIRECTOR FOR IMPLEMENTATION. FORM 990, PART VI, SECTION C, 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 UPON REQUEST. THE CDA ALSO SHARES THESE DOCUMENTS ELECTRONICALLY WHEN REQUESTED, FOR EXAMPLE IN THE PROCESS OF APPLYING FOR FOUNDATION OR OTHER FUNDING.