GRACE COVENANT CHILD DEVELOPMENT CENTER

EIN: 300185273 501(c)(3) Human Services

Richmond, VA

Total Revenue
$1,383,230
Total Expenses
$1,350,812
Total Assets
$669,508
Net Assets
$655,881
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
VA
Principal Officer
Nelson Reveley
Phone
8042130200
Tax Period
2024-09-01 to 2025-08-31

GRACE COVENANT CHILD DEVELOPMENT CENTER, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2020. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405K, a strong 31% operating margin.

Mission

The Grace Covenant Child Development Center's primary exempt purpose is to provide a child care center for working parents in which the children from a broad range of social economic and ethnic backgrounds are taught the values of a Christian life in a loving, nurturing and educational environment.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,790
Program Service Revenue $1,366,100
Investment Income $11,340
Other Revenue $0
TOTAL REVENUE $1,383,230

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,113,313
Fundraising Expenses $10,000
Program Expenses $1,305,812
Other Expenses $237,499
TOTAL EXPENSES $1,350,812

Year-over-Year Comparison

2024 2023 Change
Revenue $1,383,230 $1,302,086 +0.1%
Expenses $1,350,812 $1,321,953 +0.0%
Net Income $32,418 $-19,867 -2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
51
Volunteers
20

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$85,000
Key Employees
1
$85,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Margina Grow Executive Director 40
Director Key Emp Highest
$85,000 $0 $85,000
Rusty Stadler board director 0.5
Director
$0 $0 $0
Calvin Sydnor board director 0.5
Director
$0 $0 $0
Joanna Sydnor board director 0.5
Director
$0 $0 $0
Blair Marasco board director 2
Director
$0 $0 $0
Scott Borc board director 2
Director
$0 $0 $0
Jenn Rettie board director 2
Director
$0 $0 $0
Carolyn Roberts board director 2
Director
$0 $0 $0
Isaac Brear board director 2
Director
$0 $0 $0
Katherine Gooch President - board director 2
Officer
$0 $0 $0
Robert Nickles Vice President - director 2
Officer
$0 $0 $0
Nelson Reveley Treasurer 2
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,383,230 $1,350,812 $669,508 $32,418
2025 $483,338 $538,575 $676,987 $-55,237
2024 $1,302,086 $1,321,953 $635,493 $-19,867
2023 $1,182,763 $1,342,207 $678,411 $-159,444
2022 $1,092,574 $996,234 $814,140 $96,340
2021 $1,286,372 $881,210 $710,094 $405,162
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