AROUND THE KORNER CHILD CARE DBA
20435 SORRENTO LN, PORTER RANCH, CA 91526

Total Revenue
$857,819
Total Expenses
$909,194
Net Assets
$-254,967

Organizations Filed Purposes: To provide safe and affordable

TO PROVIDE SAFE AND AFFORDABLE QUALITY CHILD CARE FOR PRESCHOOL CHILDREN OF EMPLOYEES OF THE CITY & COUNTY OF LOS ANGELES, AND TO THE GENERAL COMMUNITY IN ORDER TO

PROGRAM WAGES, EMPLOYERS TAXES, HEALTH INSURANCE BENEFITS AND WORKERS COMP FOR DIRECTOR, SITE SUPERVISOR, TEACHERS AND TEACHING ASSISTANTS. PRINCIPAL PURPOSE OF ORGANIZATION IS CHILD CARE, SO THIS IS THE PRIMARY COST. REVENUE IS FROM CONTRACT WITH LOS ANGELES UNIFIED SCHOOL DISTRICT FOR PRESCHOOL CHILD CARE, CALIF STATE CHILD CARE RESOURCES AND PRIVATE FEES AT REDUCED COST TO L.A. CITY/COUNTY EMPLOYEES.

OTHER PROGRAM EXPENSES NECESSARY TO PROVIDE CHILDCARE AND EDUCATIONAL SERVICES FOR THE CHILDREN. INCLUDES FOOD, SUPPLIES, FIELD TRIP COSTS, STUDENT INSURANCE, PRINTING COSTS OF EDUCATIONAL MATERIAL AND REQUIRED EDUCATIONAL LICENSES. INCOME CONSISTS OF FEDERAL REIMBURSEMENT OF FOOD COSTS FOR CHILDREN AND PARENT FEES PAID FOR LUNCHES ON THOSE NOT QUALIFIED FOR THE FOOD PROGRAM.

COST OF OCCUPANCY, INCLUDES MAINTENANCE OF FACILITIES, UTILITIES, AND TELEPHONES. REVENUE IS FROM REIMBURSEMENT OF THESE EXPENSES BY LOS ANGELES COUNTY, OWNER OF THE PROPERTY.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Kelly MagallanesVICE PRESIDENT40$28,925
Cynthia RidingPRESIDENT5$15,967
Stacey MartinezDIRECTOR0$0
Angela GallegosDIRECTOR0$0
Shannon ColeSECRETARY2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201803169349303795_public.xml