vorrhin t1_iw33xo0 wrote on November 12, 2022 at 4:19 PM

Reply to comment by Granolapitcher in Child care centers worry about background check changes by smartest_kobold

And the owners can't raise their pay because they can only charge so much because families can't afford any more. It's a vicious cycle.

Lumpyyyyy t1_iw3dmae wrote on November 12, 2022 at 5:26 PM

How much are owners pulling in after expenses? I’ve been curious about that

HikeEveryMountain t1_iw3h5li wrote on November 12, 2022 at 5:51 PM

There are lots of nonprofit daycares in NH, too, where the director makes a fixed salary and other than that all the earnings go right back into staffing, food, supplies, and facilities. They're broke too. It sucks.

Loosh_03062 t1_iw3jl7f wrote on November 12, 2022 at 6:07 PM

And if they're nonprofit then their financials are public record in the form of their IRS Form 990s. Salaries of corporate officers and top employees should be lsted.

vorrhin t1_iw3g9a9 wrote on November 12, 2022 at 5:44 PM

I don't know. But I do know I've never met any rich daycare owners.

SharpCookie232 t1_iw5ae03 wrote on November 13, 2022 at 1:49 AM

The CEOs of the big corporate centers like Bright Horizons make plenty. Day care is big business.

Granolapitcher t1_iw3hbr9 wrote on November 12, 2022 at 5:52 PM

As I understand it and I’m by no means an expert insurance costs a LOT to run a daycare and the owners do not make a lot of money