Page 21 - 2019 - 2020 Child Care Resource Center Audited Financial Statements

Child Care Resource Center, Inc. Notes to Financial Statements
Note 8 – Fair Value of Measurement of Investments (continued)
Private equity funds accounted for at NAV, or its equivalent, seek to achieve long-term capital appreciation by investing in a globally diversified portfolio of private equity investments. These private equity funds are redeemable on a quarterly basis with a 20-day redemption notice period. There are no unfunded commitments associated with these funds. The funds are subject to a one-year soft lock with a withdrawal fee of 2%.
Note 9 – Grant Revenue
Grant revenue recognized for the years ended June 30, 2020 and 2019, was received from the following sources:
California Department of Education CalWORKs Stage II CalWORKs Stage III Alternative payments
Family Child Care Home Education Networks
Resource and referral
Child and Adult Care Food Program
California State Preschool Program
California Preventive Health & Safety Practices Program Cleaning and Supplies for Childcare Providers Preschool Development Grant
Other grants (individually $250,000 or less) Department of Health and Human Services –
Administration for Children & Families
Office of San Bernardino County Superintendent of Schools San Bernardino County – Preschool Service Department San Bernardino County Children and Families Commission Los Angeles County Children and Family First
Proposition 10 Commission (First 5 LA) Child Care Alliance of Los Angeles
Quality Start Los Angeles – California State Preschool Program Community Partners
Child Care Alliance of Los Angeles, Bridge Program
San Bernardino County, Bridge Program
VROOM
Department of Public Health Home Visitation Other grants (individually $250,000 or less)
$
2020
97,171,959 89,482,726 53,649,732
3,701,585 1,744,183 686,804 1,515,668 277,952 3,622,642 1,769,608 189,630
37,197,710 1,748,630 1,353,339 2,108,827
1,819,539
432,497
438,982 6,627,582 1,270,452
536,397 1,248,951 -
2019
$ 101,035,548 71,690,376 36,406,914 3,409,414 1,696,683 780,245 997,763 503,601 - - 268,750
38,161,937 2,825,148 1,470,022 1,785,099
1,927,985
451,942
475,096 2,336,960 387,275 259,405 328,220 923,324
$ 268,121,707
$ 308,595,395
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