Nonprofit · EIN 35-2059750
PRECIOUS HEARTS DEVELOPMENT CENTER INC
Tax-exempt · MUNCIE, IN 47303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $622,749 | $498,927 | $123,822 | $868,715 | $8,196 | $860,519 |
| December 31, 2023 | 990 | $567,260 | $471,109 | $96,151 | $746,497 | $9,800 | $736,697 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $60,000
- Program service revenue
- $562,749
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $54,017
- Other salaries and wages
- $240,871
- Salaries, compensation and benefits (total)
- $320,600
- Professional fundraising fees
- $0
- Occupancy
- $39,002
- Depreciation
- $20,770
- Program services (functional)
- $456,564
- Management and general (functional)
- $42,363
Balance sheet and other
- Total assets, start of year
- $746,497
- Total assets, end of year
- $868,715
- Total liabilities, end of year
- $8,196
- Net assets, end of year
- $860,519
- Land, buildings and equipment
- $144,944
- Net assets without donor restrictions
- $860,519
- Gross receipts
- $622,749
- Employees
- 11
- Volunteers
- 5
- Year formed
- 1999
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAYNIE MCCULLUM | DIRECTOR Trustee or director | 20 | $54,017 |
| ANDREA STREATY | BOARD MEMBER Trustee or director | 20 | $0 |
| DESTINEE LEWIS | BOARD MEMBER Trustee or director | 20 | $0 |
| KELLI LARRABEE | SECRETARY Officer | 20 | $0 |
| ANTONIO BINFORD | PRESIDENT Officer | 20 | $0 |
| SHAWN DAVIS | TREASURER Officer | 20 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAYNIE MCCULLUM | BOARD MEMBER Trustee or director | 20 | $50,245 |
| DAPHNE ALLEN | SECRETARY Officer | 20 | $35,106 |
| THERESIS SEALS | BOARD MEMBER Trustee or director | 20 | $5,744 |
| LEAH BRITTEN | BOARD MEMBER Trustee or director | 20 | $0 |
| LAVORA COOPER | BOARD MEMBER Trustee or director | 20 | $0 |
| HATTIE LEWIS | BOARD MEMBER Trustee or director | 20 | $0 |
| MAE ISOM | PRESIDENT Officer | 20 | $0 |
| JOYCE MARSHEL | TREASURER Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 801 N GAVIN ST, MUNCIE, IN 47303-4117
- In care of
- % LENZY MARSHEL
- Principal officer (990 for 2024)
- JAYNE MCCULLUM, 801 N GAVIN STREET, MUNCIE, IN 47303
- Signed the 990
- JAYNE MCCULLUM, DIRECTOR
- Phone
- (765) 287-8785
- Return prepared by
- WHITINGER & COMPANY LLC
Mission
THE MISSION OF PRECIOUS HEARTS DEVELOPMENT CENTER, INC. IS TO PROVIDE CHILD CARE AND PRESCHOOL TO LOW INCOME FAMILIES.
Program accomplishments
- ENTITY IS A DAY CARE AND PRESCHOOL CENTER FOR UNDERPRIVILEGED CHILDRENExpenses $456,564 · revenue $562,749
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2059750
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33)
- Assets (IRS master file)
- $868,715
- Income (IRS master file)
- $622,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $622,749 | $498,927 | $868,715 | XML |
| 990 | December 2023 | $567,260 | $471,109 | $746,497 | XML |
| 990 | December 2022 | $611,465 | $414,978 | $678,473 | IRS |
| 990 | December 2021 | $509,832 | $402,533 | $456,594 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2059750).
Questions about PRECIOUS HEARTS DEVELOPMENT CENTER INC
- What is the EIN of PRECIOUS HEARTS DEVELOPMENT CENTER INC?
- The employer identification number (EIN) of PRECIOUS HEARTS DEVELOPMENT CENTER INC is 35-2059750.
- Is PRECIOUS HEARTS DEVELOPMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to PRECIOUS HEARTS DEVELOPMENT CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRECIOUS HEARTS DEVELOPMENT CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRECIOUS HEARTS DEVELOPMENT CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRECIOUS HEARTS DEVELOPMENT CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRECIOUS HEARTS DEVELOPMENT CENTER INC?
- The 990 for the year ended December 31, 2024 names JAYNE MCCULLUM.
- Who are the officers and directors of PRECIOUS HEARTS DEVELOPMENT CENTER INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $54,017 (JAYNIE MCCULLUM, DIRECTOR).
- How much revenue does PRECIOUS HEARTS DEVELOPMENT CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $622,749, expenses of $498,927 and total assets of $868,715 at year end.
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