2021-04-09T07:53:09-05:00 2020-08-31 231406493 MORISON COGEN LLP 484 NORRISTOWN RD STE 100 BLUE BELL PA 19422 990 2019-09-01 231352554 FEDERATION DAY CARE SERVICES D/B/A FEDERATION EARLY LEARNING SERVICES FEDE 2156767550 10700 JAMISON AVENUE PHILADELPHIA PA 19116 MARK ORNSTEIN PRESIDENT & CEO 2156767550 2021-03-25 1 BENJAMIN A PIAZZA CPA P01014318 2674403000 2019 2022-09-23 18:48:47Z FEDERATION EARLY LEARNING SERVICES 10700 JAMISON AVENUE PHILADELPHIA PA 19116 7438567 0 X WWW.FELSKIDS.ORG X 1911 PA SEE SCHEDULE O. 21 20 351 129 0 0 82269062 1733396 6084249 5442441 118156 105574 -12827 0 88458640 7281411 74815576 0 0 0 9917276 6497311 0 0 167717 3965217 2351409 88698069 8848720 -239429 -1567309 12623594 5465459 8094506 2348968 4529088 3116491 TO PROVIDE QUALITY CHILD CARE SERVICES TO CHILDREN AND SUPPORTING SERVICES FOR THEIR PARENTS IN THE PHILADELPHIA AREA. 0 0 6588314 5442441 CHILD CARE INFORMATION SERVICES NORTHEAST (CCIS NE) ADMINISTERS THE SUBSIDIZED CHILD DAY CARE PROGRAM FOR LOW-INCOME FAMILIES AND MAKES RESOURCE AND REFERRAL SERVICES AVAILABLE TO ALL CITIZENS OF PENNSYLVANIA, PRIMARILY IN NORTHEAST PHILADELPHIA.CCIS NE IS DEDICATED TO PROVIDING ALL SERVICES COURTEOUSLY, TO HELP FAMILIES RECEIVE ALL OF THE SERVICES FOR WHICH THEY ARE ELIGIBLE, AND TO HELP FAMILIES ACCESS ALL NEEDED RESOURCES IN A COMMUNITY. 134116 CCISNE GRANT ENDED 6/30/2019 EXPENSES RELATED TO CLOSING OUT OF THE GRANT. 6722430 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1493 0 1 351 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X FEDERATION DAY CARE SERVICES 2156767550 10700 JAMISON AVENUE PHILADELPHIA PA 19116 CATHY SEILER CHAIR 2.00 X X 0 0 0 EVAN SEGAL VICE CHAIR 2.00 X X 0 0 0 RYAN UDELL ESQ VICE CHAIR 2.00 X X 0 0 0 MARCIA WASSERMAN TREASURER 2.00 X X 0 0 0 JOANNE KRUEGER ASSISTANT TREASURER 2.00 X X 0 0 0 MICHAEL DUBIN ESQ RECORDING SECRETARY 2.00 X X 0 0 0 SCOTT B SCHWARTZ ESQ CORRESPONDING SECRETARY 2.00 X X 0 0 0 TAKA AGAWA BOARD MEMBER 1.00 X 0 0 0 CAROL BLANK BARSH BOARD MEMBER 1.00 X 0 0 0 ELLEN J FRIEDMAN BOARD MEMBER 1.00 X 0 0 0 ILENE GARLIN BOARD MEMBER 1.00 X 0 0 0 MICHAEL KOFFLER BOARD MEMBER 1.00 X 0 0 0 GARY NOVICK BOARD MEMBER 1.00 X 0 0 0 SANDRA S AXELROD HONORARY LIFE DIRECTOR 1.00 X 0 0 0 SCOTT BARSKY HONORARY LIFE DIRECTOR 1.00 X 0 0 0 STEVEN GABLE HONORARY LIFE DIRECTOR 1.00 X 0 0 0 ELLEN L KOLODNER HONORARY LIFE DIRECTOR 1.00 X 0 0 0 RONALD P PERILSTEIN HONORARY LIFE DIRECTOR 1.00 X 0 0 0 DAVID POLLACK HONORARY LIFE DIRECTOR 1.00 X 0 0 0 ROBERT A CLAIR TRUSTEE 1.00 X 0 0 0 DAVID PUDLIN ESQ TRUSTEE 1.00 X 0 0 0 GAIL ROSENBERG TRUSTEE 1.00 X 0 0 0 HELENE ROSENFELD TRUSTEE 1.00 X 0 0 0 ELLEN DISTEFANO CHAIR APPOINTEES 1.00 X 0 0 0 JILL KLEEMAN CHAIR APPOINTEES 1.00 X 0 0 0 MADDY MALIS PRESIDENT & CEO 40.00 X 180102 0 44065 PAMELA THOMAS VICE PRESIDENT & CFO 40.00 X 122927 0 20815 FREDDA SATINSKY SENIOR VICE PRESIDENT 40.00 X 115542 0 12137 NORMA FINDELSTEIN EXECUTIVE DIRECTOR 40.00 X 103336 0 926 521907 0 77943 3 0 1 0 CONTINENTAL MAINTENANCE LLC 9 JORDAN COURT CHERRY HILL NJ 08003 JANITORIAL MAINTENANCE SERVICES 186695 CHILDCARE CAREER LLC SUITE 702 BRISBANE CA 94005 TEMPORARY EMPLOYMENT SERVICES 182644 NOVICK BROTHERS CORP 3660 S LAWRENCE ST PHILADELPHIA PA 19148 FOOD SERVICE 160865 ZOG INC 595 BETHLEM PIKE SUITE 404 MONTGOMERYVILLE PA 18936 COMPUTER CONSULTING SERVICES 146123 4 169862 1563534 1733396 CHILD CARE FEES 624410 5442441 5442441 5442441 76561 76561 186169 157156 29013 29013 29013 7281411 5442441 0 105574 228649 175979 46956 5714 5165726 3975794 1060848 129084 63886 39971 23085 830 649213 425021 214192 10000 389837 256948 126740 6149 25484 25484 45118 13232 31886 24240 24240 830045 669069 160361 615 38333 32628 5705 183609 52958 124650 6001 102057 100935 1122 7018 4443 2575 33453 29396 4057 7915 7915 239093 200109 38984 94629 92358 2271 REPAIRS AND MAINTENANCE 403234 390025 13209 UTILITIES 112457 99868 12589 PROGRAM SUPPLIES AND MA 104989 102580 775 1634 TELEPHONE 53690 37501 16189 46045 23615 14740 7690 8848720 6722430 1958573 167717 X 1350 1350 7444116 634677 299229 354353 179504 103332 7036521 6071132 1114647 965389 3280199 3345809 304549 60549 12623594 5465459 7753831 525017 167507 116790 0 1637700 173168 69461 8094506 2348968 X 4101709 2875724 427379 240767 4529088 3116491 12623594 5465459 -1567309 154712 0 X 0 1 X 1 1 1 X 70835475 73444799 79006110 82269062 1595003 307150449 70835475 73444799 79006110 82269062 1595003 307150449 307150449 63467 76123 76852 87544 76561 380547 13200 15600 17100 -12827 114885 147958 307678954 31420153 0.99830 0.99830 X 1388708 815893 572815 3655065 3552994 102071 1992748 1702245 290503 965389 ENROLLMENT DEPOSITS 61799 LOAN PAYABLE 7662 69461 X 0 0 0 0 0 0 0 0 0 MADDY MALIS PRESIDENT & CEO 180102 0 0 0 0 0 19000 0 25065 0 224167 0 0 0 FORM 990, PART I, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION: TO PROVIDE QUALITY CHILD CARE SERVICES TO CHILDREN AND SUPPORT SERVICES FOR PARENTS IN THE PHILADELPHIA AREA. FORM 990 IN LIGHT OF THE COVID-19 PANDEMIC, FEDERATION EARLY LEARNING SERVICES' (FELS) NET INCOME DECREASED SIGNIFICANTLY. DUE TO THE MANDATED GOVERNMENT SHUTDOWN, ALL FELS' CENTERS CLOSED FOR APPROXIMATELY THREE MONTHS BEGINNING IN MARCH 2020 AND REOPENED LATER IN JUNE. AS A PART OF FELS' COMMITMENT TO THE HEALTH AND SAFETY OF ITS CHILDREN, PARENTS, AND STAFF, THE ORGANIZATION INSTITUTED NEW PROTOCOLS AS IT NAVIGATES COVID-19. AS A PART OF THESE HEALTH AND SAFETY PROTOCOLS, EACH CENTER CONDUCTS COVID-19 HEALTH SCREENINGS UPON BUILDING ENTRY FOR EVERY EMPLOYEE, CHILD, AND PARENT. FREQUENTLY TOUCHED SURFACES (I.E. DOOR HANDLES, SINKS, TOILET HANDLES, ETC.) ARE CLEANED MULTIPLE TIMES A DAY. SHARED OBJECTS ARE CLEANED AND DISINFECTED AFTER THEY ARE USED. ADDITIONALLY, ALL CHILDREN AND STAFF WASH THEIR HANDS FREQUENTLY WITH SOAP AND WATER FOR AT LEAST 20 SECONDS. SINCE REOPENING, FELS HAS ENDURED A SIGNIFICANT DROP IN CHILD ENROLLMENT ACROSS EACH CENTER, CONTRIBUTING TO THE DECREASE IN NET INCOME. IN SPITE OF THE FINANCIAL HARDSHIP FOR FELS DURING THE PANDEMIC, THE BOARD OF DIRECTORS HAS ALWAYS AND REMAINS COMMITTED TO SUPPORTING STAFF MEMBERS. DURING THE CLOSURE EARLIER THIS YEAR, THE BOARD ELECTED TO CONTINUE PAYING STAFF AS A 'THANK YOU' FOR THEIR SERVICE TO THE ORGANIZATION. ADDITIONALLY, FELS PAID A BONUS TO BOTH FULL-TIME AND PART-TIME EMPLOYEES WITH THE FIRST PAYMENT GOING OUT IN DECEMBER 2020. FELS CONTINUES TO STAND BEHIND ITS EMPLOYEES AND FAMILIES AS A RESOURCE DURING THIS DIFFICULT TIME. AS WE ENTER THE 2021 SCHOOL YEAR WE ARE BEGINNING TO SEE AN INCREASE IN ENROLLMENT AND STAFFING. THIS WILL POSITION FELS TO HAVE A BETTER NET INCOME FOR THE 2ND HALF OF 2021. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY THE OUTSIDE CPA FIRM AND REVIEWED BY THE PRESIDENT AND CEO, CFO AND OPERATIONS COMMITTEE OF THE BOARD BEFORE FILING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AT BOARD AND EXECUTIVE COMMITTEE MEETINGS. IN ADDITION, EACH BOARD MEMBER ANNUALLY COMPLETES A DISCLOSURE FORM IDENTIFYING ANY POTENTIAL CONFLICT. WHEN THE CEO AND CFO IDENTIFY TRANSACTIONS WITH A BOARD MEMBER, THEY ANALYZE POTENTIAL OR ACTUAL CONFLICTS AND ANY ISSUES ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 15 THE INITIAL COMPENSATION WAS DETERMINED BY A BOARD COMMITTEE AND TOOK INTO CONSIDERATION COMPARABLE MARKET COMPENSATION PACKAGES. SUBSEQUENT SALARY INCREASES ARE BASED ON WRITTEN PERFORMANCE REVIEWS AND FOLLOW AN INCREMENTAL RATE SCHEDULE USED FOR ALL EMPLOYEES. THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS (A SUBCOMMITTEE OF THE LEADERSHIP COMMITTEE) IS RESPONSIBLE FOR REVIEWING COMPENSATION FOR HIGHLY COMPENSATED STAFF. SALARY INCREASES ARE BASED ON WRITTEN PERFORMANCE REVIEWS AND FOLLOW AN INCREMENTAL RATE SCHEDULE USED FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FURNISHED UPON REQUEST. FORM 990, PART X: LINE 23 ON APRIL 15, 2020, THE ORGANIZATION ENTERED INTO A TERM NOTE (THE NOTE) WITH PNC BANK NATIONAL ASSOCIATION (THE BANK) THAT PROVIDED FOR A LOAN IN THE AMOUNT OF $1,487,700 PURSUANT TO THE PROGRAM UNDER THE CARES ACT. CERTAIN TERMS OF THE NOTE WERE MODIFIED BY THE BANK AS OF JUNE 5, 2020 DUE TO THE PAYCHECK PROTECTION PROGRAM FLEXIBILITY ACT OF 2020 (THE PPPF ACT). THE NOTE MATURES ON APRIL 15, 2022 AND BEARS INTEREST AT A RATE OF 1.0% PER ANNUM. UNDER THE TERMS OF THE PROGRAM, CERTAIN AMOUNTS OF THE NOTE AND ACCRUED INTEREST THEREON MAY BE FORGIVEN IF THEY ARE USED FOR QUALIFYING EXPENSES WITHIN CERTAIN TIME PARAMETERS AS DESCRIBED IN THE CARES ACT AND THE PPPF ACT. INTEREST AND PRINCIPAL PAYMENTS UNDER THE NOTE ARE DEFERRED UNTIL THE DATE OF ANY FORGIVEN AMOUNT OF THE NOTE HAS BEEN REMITTED TO THE BANK BY THE SMALL BUSINESS ADMINISTRATION (THE SBA) OR THE DATE THAT A FINAL DETERMINATION IS MADE THAT NO PORTION OF THE NOTE WILL BE FORGIVEN (THE DEFERRAL EXPIRATION DATE). FOLLOWING THE DEFERRAL EXPIRATION DATE, ANY UNFORGIVEN PORTION OF THE NOTE CONVERTS TO AN AMORTIZING TERM LOAN UNDER THE TERMS NOTED ABOVE. THE ORGANIZATION HAS ESTIMATED THAT $495,900 WOULD BE THE AMOUNT OF PRINCIPAL DUE IN THE NEXT FISCAL YEAR IF NO PORTION OF THE LOAN IS FORGIVEN. HOWEVER, THE ORGANIZATION INTENDS TO APPLY FOR FORGIVENESS OF THE NOTE TO THE EXTENT APPLICABLE IN ACCORDANCE WITH THE TERMS OF THE CARES ACT AND THE PPPF ACT, ALONG WITH SBA AND BANK GUIDANCE AND BELIEVES IT WILL MEET THE CRITERIA FOR FULL FORGIVENESS. THE NOTE IS COLLATERALIZED BY ASSETS HELD AT THE BANK. FEDERATION DAY CARE FOUNDATION INC 10700 JAMISION AVENUE PHILADELPHIA PA 19116 232631072 SUPPORT ORGANIZATION FOR FEDERATION EARLY LEARNING SERVICES PA 501(C)(3) 509(A)3, TYPE 1 FEDERATION EARLY LEARNING SERVICES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 FEDERATION DAY CARE FOUNDATIONINC N FEDERATION DAY CARE FOUNDATIONINC O