CHICAGO LATVIAN CHILD CARE AND PRESCHOOL
Mission Statement
Mission Statement The Chicago Latvian Childcare and Preschool (CLCP) is an extraordinary scholastic environment structured to develop the social, emotional and physical needs of the child by offering a stimulating program with a strong focus on the family and values that support acceptance and respect of Latvian and other cultures. Core Values Children come first! Teachers are mentors! Atmosphere nurtures! Parents add value! Curriculum prepares! Vision By setting the highest standard of childcare and preschool curriculum, and proactively understanding the ongoing demographic marketplace, the CLCP will become the required extended family for the newest Latvian generations within the greater metropolitan Chicago area.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 86.3% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.0% | 10.4% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 17.3% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.3 mo | 8.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
81.6% | 96.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
14.4% | 7.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
23.2% | 11.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.2% | 2.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $203K | $194K | $151K | 100.0% | 6 |
| 2022 | $177K | $158K | $143K | 100.0% | 8 |
| 2021 | $198K | $155K | N/A | — | 4 |
| 2020 | $148K | $140K | N/A | — | 1 |
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