The Parenting Cottage

Nonprofit profile at a glance

EIN
751806027
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Lubbock, TX, USA
Phone
8067957552
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Developmentally Disabled Centers

Official website

Reported finances

Revenue
$1,083,843
Expenses
$997,426
Assets
$1,514,848
Liabilities
$20,476

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • DR JAY ADKINS (VICE PRESIDENT)
  • CHELSEA SALAZAR (PRESIDENT)
  • CARLA OLSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CARLA OLSON (EXECUTIVE DIRECTOR): $90,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The vision of the parenting cottage is to build a strong community by first building strong families. The vision is implemented through the delivery of program services, adhering to the agency's mission statement of providing hope, education, resources and encouragement to families with children ages 0 - kindergarten entry.

What it reported doing in 2024

The parenting cottage provided a broad range of educational services to families in lubbock county, including the implementation of an in home visitation program utilizing a nationally recognized curriculum, parents as teachers, that provides parenting education, early childhood development education and tools for parents to move their family towards self-sufficiency, increasing the strength of the family unit and their ability to sustain their family. The majority of families served present with multiple challenges including the lack of basic resources, incomes below the poverty level, low educational attainment and inadequate or inaccurate knowledge of early childhood development. Other high risk factors for family stability include first time parents, single parents and teen parents. Evidence based educational programs provided almost 9,000 client encounters with families in 2024. The parents as teachers home visiting program provided almost 40% of the total encounters serving just over 200 families impacting over 400 children. Group parenting efforts for parents expecting a baby and for those attempting reunification of their families following a legal intervention by child protective services proved over 650 client encounters with parents impacting an additional 300 children. The remainder of the agency's efforts were directed towards the agency's car assistance program which was able to return to service for a portion of the year following covid restrictions by serving just over 60 families providing car seats to parents unable to purchase a car seat for their child. Early literacy efforts to improve school readiness across the community were completed in partnership with 7 local libraries in lubbock county with participation by over 4,700 parents and children.

Operating model

Revenue model
Grant-funded. 73% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 92.2%; rating input score 92
  • Fundraising efficiency: $1,769.9 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 1.52; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 9%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 5.6% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 92.2% of spending went to programs
  • Governance: 17 of 17 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $920K in reported program spending
  • Leadership: top reported pay $90K · 18 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • Review — Sustainability: Operating margin scored 57/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.