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Nonprofit · EIN 75-1806027

PARENTING COTTAGE INC

Tax-exempt · LUBBOCK, TX 79413

Financials

$950K$867K2023$1.1M$997K2024
Revenue Expenses · by fiscal year end
Financials of PARENTING COTTAGE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,083,843$997,426$86,417$1,514,848$20,476$1,494,372
December 31, 2023990$949,839$866,613$83,226$1,425,112$17,157$1,407,955
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,046,009
of which government grants
$786,284
Program service revenue
$0
Investment income
$37,834
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$90,000
Other salaries and wages
$333,202
Salaries, compensation and benefits (total)
$538,178
Professional fundraising fees
$0
Accounting fees
$216,361
Occupancy
$22,900
Travel
$16,560
Depreciation
$5,278
Program services (functional)
$919,601
Management and general (functional)
$77,234
Fundraising (functional)
$591

Balance sheet and other

Total assets, start of year
$1,425,112
Total assets, end of year
$1,514,848
Total liabilities, end of year
$20,476
Net assets, end of year
$1,494,372
Land, buildings and equipment
$80,764
Publicly traded securities
$6,985
Net assets without donor restrictions
$1,451,552
Net assets with donor restrictions
$42,820
Gross receipts
$1,083,843
Employees
11
Volunteers
17
Year formed
1982
State of legal domicile
TX

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.

NameTitleHours / weekCompensation
CARLA OLSONEXECUTIVE DIRECTOR
Officer
55$90,000
DR JAY ADKINSVICE PRESIDENT
Trustee or director, Officer
2$0
DR KATHLEEN NICHOLSDIRECTOR
Trustee or director
2$0
RICK SCOTTDIRECTOR
Trustee or director
2$0
TRACY MCALISTERSECRETARY
Trustee or director, Officer
2$0
WM BILL MURRAYCHAIRMAN
Trustee or director
2$0
JON MARK BERNALDIRECTOR
Trustee or director
2$0
CHRISTINA REIDDIRECTOR
Trustee or director
2$0
ANDREW BECKDIRECTOR
Trustee or director
2$0
JOSHUA MONTOYATREASURER
Trustee or director, Officer
2$0
STACI ORTIZDIRECTOR
Trustee or director
2$0
CHELSEA SALAZARPRESIDENT
Trustee or director, Officer
2$0
TAMMI WOODDIRECTOR
Trustee or director
2$0
NICK HAIGOODDIRECTOR
Trustee or director
2$0
DONNA CORBINCHAIRMAN
Trustee or director
2$0
3 more people on this return
NameTitleHours / weekCompensation
TIM FOXDIRECTOR
Trustee or director
2$0
MICHELLE HUNTERDIRECTOR
Trustee or director
2$0
LESLIE KASCALDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
CARLA OLSONEXECUTIVE DIRECTOR
Officer
55$82,500
DR JAY ADKINSCHAIRMAN
Trustee or director
2$0
DR KATHLEEN NICHOLSDIRECTOR
Trustee or director
2$0
MELISSA HARTTREASURER
Trustee or director, Officer
2$0
TRACY MCALISTERSECRETARY
Trustee or director, Officer
2$0
WM BILL MURRAYCHAIRMAN
Trustee or director
2$0
JON MARK BERNALDIRECTOR
Trustee or director
2$0
BRYCE BOWLEY CPADIRECTOR
Trustee or director
2$0
CHRISTINA REIDVICE PRESIDENT
Trustee or director, Officer
2$0
JOSHUA MONTOYADIRECTOR
Trustee or director
2$0
STACI ORTIZDIRECTOR
Trustee or director
2$0
CHELSEA SALAZARPRESIDENT-ELECT
Trustee or director, Officer
2$0
TAMMI WOODPRESIDENT
Trustee or director, Officer
2$0
NICK HAIGOODDIRECTOR
Trustee or director
2$0
DONNA CORBINCHAIRMAN
Trustee or director
2$0
TIM FOXDIRECTOR
Trustee or director
2$0
MICHELLE HUNTERDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
3818 50TH ST, LUBBOCK, TX 79413-3808
Principal officer (990 for 2024)
CARLA OLSON, 3818 50TH STREET, LUBBOCK, TX 79413
Signed the 990
CARLA OLSON, EXECUTIVE DIRECTOR
Phone
(806) 795-7552
Return prepared by
CRI ADVISORS LLC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $919,601

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1806027
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P82Z)
Assets (IRS master file)
$1,514,848
Income (IRS master file)
$1,083,843

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$949,839$866,613$1,425,112IRS
990December 2022$828,479$746,481$1,336,918IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about PARENTING COTTAGE INC

What is the EIN of PARENTING COTTAGE INC?
The employer identification number (EIN) of PARENTING COTTAGE INC is 75-1806027.
Is PARENTING COTTAGE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to PARENTING COTTAGE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PARENTING COTTAGE 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 PARENTING COTTAGE 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 PARENTING COTTAGE 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 PARENTING COTTAGE INC?
The 990 for the year ended December 31, 2024 names CARLA OLSON.
Who are the officers and directors of PARENTING COTTAGE INC?
The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $90,000 (CARLA OLSON, EXECUTIVE DIRECTOR).
How much revenue does PARENTING COTTAGE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,083,843, expenses of $997,426 and total assets of $1,514,848 at year end.

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