Circle Time Child Development Center Inc

Nonprofit profile at a glance

EIN
364695952
IRS 990 coverage
2022–2023
Forms available
Form 990 2023, Form 990-EZ 2021, Form 990-N 2013
Location
San Jose, CA, USA
Phone
4085380200
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$291,893
Expenses
$298,118
Assets
$5,474
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Tanisha Brame (CEO/Director)

Highest reported compensation

  • Tanisha Brame (CEO/Director): $12,291 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Circle Time CDC is a non-profit organization that is dedicated to the educational growth and development of children 2 to 5 years of age. Circle Time is focused on creating and maintaining an environment that is not only conducive to learning but provides a safe haven where children can expand their creativity and thrive. Research supports and Circle Time values the developmental stages of all children. It is our belief that all children have unique learning styles, varied interests, individual temperaments and different rates of development. The importance of the environment to be a place where new experiences can happen and new ways of focused exploration can be encouraged, is a vital part of Circle Time's philosophy and values.

What it reported doing in 2023

Our second major accomplishment for the year is the consistency of providing quality education through various resources. We take pride in the fact that we offer a summer program for our children. During the summer to make sure our children stay safe and healthy, while also feeling the summer spirit, we bring all of those activities to our center. We open our doors and allow various vendors to come and share with the children. It is a great way for the community resources to come and share what they do with our children. As well as allow the children to learn and explore during the summer. We have everything from veterans on Veteran's day to animals during farm week. The children ask questions, expand their learning and knowledge. To cap the end of the year off, as all of our children stay with us throughout the summer, we have a huge celebration in August. All of our kindergarten children are celebrated in August, right before their new journey begins in kindergarten. This is a grand celebration of one journey finishing and another beginning. We also have mini celebrations throughout the year where we get the opportunity to lavish love on the parents and be a welcomed resource for the entire family. In Christmas we have a party with gifts for the entire family, Thanksgiving is a feast for the family with food going home. During Halloween we have safe trick or treating and for ever child's birthday we take the time to celebrate them. We believe that the family as a whole is the responsiblity of our program. Once a child comes into our center we take the whole family in.

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 50
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 16th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2.1%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 34.3% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 8.4% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 1 of 2 board members independent · 4 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $298K in reported program spending
  • Leadership: top reported pay $12K · 2 people listed
  • Consistency: 38 of 38 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.