2025-05-29T09:01:38-05:00 2024-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2024-01-01 222157202 MT OLIVE CHILD CARE & LEARNING CENTER MTOL 9734261525 150 WOLFE ROAD BUDD LAKE NJ 07828 GAIL REUTHER EXECUTIVE DIRECTOR 9734261525 2025-05-28 1 0 RYAN A HYNSON CPA P03062772 9733281825 2025-05-28 2024 2025-03-06 01:10:19Z GAIL REUTHER 150 WOLFE ROAD BUDD LAKE NJ 07828 1286536 0 X WWW.MTOLIVECHILDCARE.ORG X 1976 NJ TO PROVIDE QUALITY, AFFORDABLE CHILD CARE AND FAMILY SUPPORT SERVICES FOR THE COMMUNITY, REGARDLESS OF INCOME. 8 7 38 7 0 0 634945 460942 823220 796324 15688 29270 0 0 1473853 1286536 0 0 0 0 835382 806633 0 0 0 369957 395516 1205339 1202149 268514 84387 1754541 1837165 487106 484871 1267435 1352294 X TO PROVIDE QUALITY, AFFORDABLE CHILD CARE AND FAMILY SUPPORT SERVICES FOR THE COMMUNITY, REGARDLESS OF INCOME. 0 0 966790 796324 MT. OLIVE CHILD CARE & LEARNING CENTER, INC. (THE "CENTER") WAS FOUNDED IN 1976 AS A NON-PROFIT CHARITY TO PROVIDE QUALITY, AFFORDABLE CHILD CARE AND EDUCATION AND FAMILY SUPPORT SERVICES TO THE COMMUNITY: REGARDLESS OF INCOME. OVER 8,000 RESIDENTS OF MORRIS, SUSSEX, AND WARREN COUNTIES, AS WELL AS SURROUNDING AREAS, HAVE BEEN SERVED OVER THE PAST 47 YEARS. THE CENTER SERVES UP TO 110 CHILDREN, AGED 6 WEEKS THROUGH 12 YEARS, ON A YEAR 'ROUND BASIS FROM 6:30 A.M. TO 6:30 P.M. VALUE ADDED SERVICES ARE INCLUDED: NUTRITIOUS MEALS, DEVELOPMENTAL AND HEALTH SCREENINGS, PARENTING PROGRAMS (INCLUDING A FREE PARENT EMPOWERMENT PROGRAM FOR "AT-RISK" FAMILIES), AND CRISIS INTERVENTION SERVICES ARE INCLUDED. THE CENTER HAS BEEN ACCREDITED BY THE NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC) SINCE 1993 FOR ALL PROGRAMS: FOR 30 CONSECUTIVE YEARS FOR MEETING AND MAINTAINING RECOGNIZED TOP STANDARDS IN EARLY CHILDHOOD EDUCATION IN 10 AREAS: POSITIVE RELATIONSHIPS, CURRICULUM, TEACHERS AND TEACHING PRACTICES, ASSESSMENT, NUTRITION AND HEALTH, FAMILY AND COMMUNITY SUPPORT AND INVOLVEMENT, PHYSICAL ENVIRONMENT, AND ADMINISTRATION/MANAGEMENT. NIN ADDITION, THE CENTER EARNED 4 STARS IN NEW JERSEY'S QUALITY RATING IMPROVEMENT SYSTEM (GROW NJ KIDS) IN MID-2017 FOR MEETING HIGH QUALITY STANDARDS. IN JANUARY 2024, THE CENTER RENEWED ITS 4 STAR RATING. 966790 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NJ X GAIL REUTHER 9734261525 150 WOLFE ROAD BUDD LAKE NJ 07828 BARBARA MELVEGER PRESIDENT 2.00 X X 0 0 0 KAREN THOMPSON VICE PRESIDENT 2.00 X X 0 0 0 STEVE RATTNER TREASURER 2.00 X X 0 0 0 ERIN THOMPSON SECRETARY 2.00 X X 0 0 0 JUDY BUELL TRUSTEE 2.00 X 0 0 0 MICHELLE DEVRIES TRUSTEE 2.00 X 0 0 0 PAULETTE MUNLEY TRUSTEE 2.00 X 0 0 0 GAIL REUTHER EXECUTIVE DIRECTOR 75.00 X 106475 0 40417 106475 0 40417 1 0 0 0 0 36296 413305 11341 460942 TUITION & FEES 624410 796324 796324 796324 29270 29270 1286536 796324 0 29270 146892 96949 49943 604862 491682 113180 184 121 63 54695 36100 18595 14362 11490 2872 16866 13492 3374 5681 5170 511 80208 63219 16989 84813 72184 12629 11387 11209 178 7604 5171 2433 52360 39794 12566 REPAIRS & MAINTENANCE 86064 86064 OTHER 23534 21887 1647 STAFF DEVELOPMENT & PAR 12637 12258 379 1202149 966790 235359 0 1233 7570 1233640 1289794 60194 51386 12145 10374 12944 14540 398308 316910 50235 81398 384150 382103 1754541 1837165 76136 77158 41154 37897 369816 369816 487106 484871 X 1253770 1338629 13665 13665 1267435 1352294 1754541 1837165 84387 472 0 X X 0 1 X 1 0 X 604467 517029 548287 634945 460942 2765670 604467 517029 548287 634945 460942 2765670 2765670 7105 3512 2530 15688 29270 58105 2823775 3325995 0.97940 0.98610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 204581 133171 71410 145636 135648 9988 48091 48091 0 81398 RIGHT OF USE ASSET - OPERATING LEASE 382103 382103 OPERATING LEASE LAIBILTY 369816 369816 X 1287008 472 472 1286536 0 1286536 1202149 0 1202149 0 1202149 PART X, LINE 2: THE CENTER IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE CENTER IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CENTER FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE CENTER DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2024. HOWEVER, THE CENTER IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE CENTER BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE CENTER FILES INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FROM THE LATEST FILING DATE FOR FEDERAL AND FOR NEW JERSEY. FORM 990, PART VI, SECTION A, LINE 2 BOARD VICE PRESIDENT - KAREN THOMPSON IS THE MOTHER OF BOARD SECRETARY - ERIN THOMPSON. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTIES THAT ARE AUTHORIZED TO ACT WITHOUT THE APPROVAL OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MT. OLIVE CHILD CARE & LEARNING CENTER, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C MT. OLIVE CHILD CARE & LEARNING CENTER, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 MT. OLIVE CHILD CARE & LEARNING CENTER, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE CENTERS OFFICE AT 150 WOLFE ROAD, BUDD LAKE, NJ 07828. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.