Miracle Academy Nursery Center Inc in Russellville, South Carolina (SC)

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Miracle Academy Nursery Center Inc
Employer Identification Number (EIN)571024423
Name of OrganizationMiracle Academy Nursery Center Inc
AddressPO BOX 47, Russellville, SC 29476-0047
ActivitiesDescribed in section 509(a)(2) of the Code, Day care center
SubsectionEducational Organization
Ruling Date01/1996
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Tax Period12/2010
Assets$1 to $9,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$279
Amount of Income$239,621
Form 990 Revenue Amount$239,621
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Kindergarten, Preschool, Nursery School, Early Admissions


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Amount of income in 2010: $239,621
Miracle Academy Nursery Center Inc: 

 $239,621
Other organizations performing similar types of work: 

 $425,859

Assets in 2010: $279
This organization: 

 $279
Other organizations performing similar types of work: 

 $259,640

Expenses in 2007: $356,506
Miracle Academy Nursery Center Inc: 

 $356,506
Other organizations performing similar types of work: 

 $473,878

Income to expenses ratio in 2007: 1.0
Miracle Academy Nursery Center Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 92.6%
Miracle Academy Nursery Center Inc: 

 92.6%
Other organizations performing similar types of work: 

 88.5%

Number of employees in 2007: 13
This organization: 

 13
Other organizations performing similar types of work: 

 24

Grants share in income in 2007: 100.0%
Miracle Academy Nursery Center Inc: 

 100.0%
Other organizations performing similar types of work: 

 8.9%

Financial snapshot ($)

Revenue for 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$544,148$507,828$477,299$475,688$475,688$366,539$393,479$356,906
Contributions, gifts, grants, and similar amounts received$544,148$507,828$477,299$475,688$475,688$366,539$393,479$356,906
Contributions to donor advised funds$0$0
Direct public support$468,700$435,654$399,449$397,292$397,292$294,089$347,800$280,456
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$75,448$72,174$77,850$78,396$78,396$72,450$45,679$76,450
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$0$0
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$543,465$506,928$476,888$475,216$475,216$366,538$389,689$356,506
Program services$500,121$461,833$437,320$441,439$441,439$337,901$356,642$330,113
Management and general$43,344$45,094$39,568$33,777$33,777$28,637$33,047$26,392
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$-530,264$-495,634$-468,937$-578,929$-578,929$-497,995$-468,211$-440,575
Excess or (deficit) for the year$683$900$410$472$472$1$3,790$400
Net assets or fund balances at beginning of year$-550,000$-530,856$-495,634$-579,589$-578,930$-500,000$-485,999$-468,211
Other changes in net assets or fund balances$19,053$34,322$26,287$188$-471$2,004$13,998$27,236
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$356,505$330,113$26,392$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$24,517$0$24,517$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$105,950$105,950$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$9,980$8,105$1,875$0
Professional fundraising fees$0$0$0$0
Accounting fees$1,800$1,800$0$0
Legal fees$3,500$3,500$0$0
Supplies$29,438$29,438$0$0
Telephone$27,342$27,342$0$0
Postage and shipping$550$550$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$3,175$3,175$0$0
Printing and publications$3,250$3,250$0$0
Travel$41,340$41,340$0$0
Conferences, conventions, and meetings$3,225$3,225$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$102,437$102,437$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$592$900$410$1,070$1,070$2,005$1,789$0
Cash - non-interest-bearing$592$900$410$1,070$1,070$2,005$1,789$0
Savings and temporary cash investments$0$0$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$530,856$496,534$469,347$580,000$580,000$500,000$470,000$440,575
Accounts payable and accrued expenses$0$0$0$0$0$0$0$0
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$530,856$496,534$469,347$580,000$580,000$500,000$470,000$440,575
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$592$900$410$1,070$1,071$2,005$1,789$0
Total net assets or fund balances$-530,264$-495,634$-468,937$-578,930$-578,929$-497,995$-468,211$-440,575
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
99$24,517$1,875$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200613
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sunbelt Human Advancement Resources IncPO BOX 10204, Greenville, SC 29603-0204SC1966-05$22,655,698
2Miracle Academy Nursery Center IncPO BOX 47, Russellville, SC 29476-0047SC1996-01$239,621
3Wake County Smartstart4901 Waters Edge Dr Ste 101, Raleigh, NC 27606-2464NC1996-03$11,933,520
4Southeast Children & Family Development Head Start Inc5555 Conner Ste 3c South, Detroit, MI 48213-3448MI1985-04$8,228,078
5Smart Start Of Forsyth County7820 North Point Blvd, Winston Salem, NC 27106-3299NC1995-01$7,265,526
6Sefaradic Gan Inc, Yeshiva Torat Emet11330 Braesridge Dr, Houston, TX 77071-2300TX2006-03$3,434,264
7Washington County Family Center383 Sherwood Dr, Montpelier, VT 05602-8215VT1986-02$2,518,472
8Kids First Blair County4 Sheraton Dr, Altoona, PA 16601-9316PA2009-04$2,089,589
9School Of Imagination Inc9801 Dublin Blvd, Dublin, CA 94568-2835CA2007-12$1,995,533
10Seattle Institute For Early Child Development Inc, Hilltop Childrens Center4 Nickerson St, Seattle, WA 98109-1651WA1974-08$1,594,022
11May River MontessoriPO BOX 2557, Bluffton, SC 29910-2557SC2000-04$1,021,460
12The Northern Neck Alliance IncorporatedPO BOX 40, Colonial Bch, VA 22443-0040VA1994-06$991,785
13Treasure Island347 74th St, Brooklyn, NY 11209-2509NY1986-02$770,651
14The Childs-Pace Foundation Inc1720 Adams Ave, Costa Mesa, CA 92626-4863CA1980-09$632,751
15Sabot School Inc6818 W Grace St, Richmond, VA 23226-2831VA1974-05$559,310
16Yellow Brick Road Preschools Inc392 E Windsor Ave, Phoenix, AZ 85004-1232AZ2008-02$464,913
17Shelly Bear Child Development Centers, A Happy Place To Bee5690 E Shields Ave, Fresno, CA 93727-7818CA1998-05$449,420
18Utopia Childrens Center Inc236 W 129th St, New York, NY 10027-1901NY1947-06$442,466
19Volunteer Community School IncPO BOX 6277, Chattanooga, TN 37401-6277TN1971-05$385,392
20Tenney Nursery And Parent Center Inc1321 Mifflin St, Madison, WI 53703-2467WI1981-01$353,998
Number of organizations performing similar types of work
Alabama2
Arkansas5
Arizona4
California33
Colorado8
Connecticut7
District of Columbia3
Delaware1
Florida10
Georgia7
Hawaii3
Iowa2
Illinois12
Indiana5
Kansas2
Kentucky1
Louisiana2
Massachusetts13
Maryland6
Maine2
Michigan6
Minnesota8
Missouri4
Mississippi4
Montana1
North Carolina6
Nebraska1
New Hampshire4
New Jersey7
New Mexico1
Nevada1
New York17
Ohio6
Oklahoma2
Oregon5
Pennsylvania9
Rhode Island2
South Carolina3
Tennessee3
Texas10
Utah2
Virginia12
Vermont2
Washington6
Wisconsin6
West Virginia1
Total257

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