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Child Care Resource Center, Inc. Notes to Financial Statements
Note 10 – Grant Revenue
Grant revenue for CCRC for the years ended June 30, 2017 and 2016 was received from the following sources:
June 30,
California Department of Education CalWORKs Stage II CalWORKs Stage III Alternative Payments
Family Child Care Home Education Networks Resource & Referral
Child and Adult Care Food Program
Other grants
Department of Health and Human Services - Administration for Children & Families
San Bernardino County - Preschool Service Department Los Angeles County Children and Family First
Proposition 10 Commission (Frist 5 LA)
Los Angeles County - Department of Public Health
Emergency Preparedness and Response Services Los Angeles County - Department of Public Health,
Los Angeles - Reduce Obesity in Child Care Setting Child Care Alliance of Los Angeles, Gateways
Other grants
Note 11 – Retirement Plans
$
2017
72,059,272 41,668,925 31,883,279
3,020,897 1,633,113 760,016 260,891
30,891,351 2,215,086
1,592,960 44,505
177,193 - 3,256,188
2016
$ 67,060,877 38,901,886 21,590,472 2,553,068 1,633,013 661,671 147,063
27,230,837 176,000
1,516,880 155,495
1,363,177 740,000 1,618,367
$ 165,348,806
$ 189,463,676
CCRC maintains two contributory retirement plans for its eligible employees. The plans are a defined contribution pension plan under Internal Revenue Code Section 403(b) that is available to all of its employees with at least ninety days of employment and a defined contribution plan under Section 457(b) that is available to eligible executive management employees. Starting January 1, 2017, CCRC implemented an employer match to the 403(b) plan on 50% of employee contributions up to the first 4% deferred. During the years ended June 30, 2017 and 2016, CCRC made discretionary employer contributions to these plans totaling $1,037,569 and $778,132, respectively, and is recorded within "employee benefits" in the accompanying statements of functional expenses.
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