Is It Worth It

Contact Us:

18 North Norwood

Tulsa, OK 74115

918.834.2273

918.834.9339 (fax)

Office Hours:

8:30 am - 5:00 pm

Thursday till 8:00 pm

Saturdays

9:00 a.m.-2:00 p.m.

E-mail: Info@ccrctulsa.org

CCRC is a program of the Community Service Council of Greater Tulsa

A funded program of the Tulsa Area United Way

And the Oklahoma Child Care Resource and Referral Association

IS IT WORTH IT TO JOIN

THE CHILD CARE FOOD PROGRAM?

Calculated with Oklahoma Averages for Child Care ($85 per week)

	Tier One Payment	Tier Two Payment	Not on Food Program
Parent Fees ($85 per week for 7 children)	30,940.00	30,940.00	30,940.00
Food Program Reimbursement (B, L, Sn for 7 children)	6,424.60	3,094.00	-0-
Total Income	37,364.60	34,034.00	30,940.00
Business Expenses	-5000.00	-5000.00	-5000.00
Food Expenses	-5000.00	-5000.00	-5000.00
Profit	27,364.60	24,034.00	20,940.00
Federal Taxes (30.3%)	-8291.47	-7282.30	-6,344.82
NET INCOME	19,073.13	16,751.70	14,595.18

As you can see, providers who receive Tier II rates (the lower rates) from the Food Program are still better off than if they were not on the Food Program at all.

It IS worth it to join the Food Program. Don’t turn down any opportunity to make money for your business.

Note: These calculations do not include any Oklahoma State Income Tax or Earned Income Tax Credit Information, since each provider must determine that amount based on other family members' income.

* The Federal Tax of 30.3% includes 15% income tax, 15.3% self-employment tax.

ã2005, Child Care Resource Center

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Last modified: June 03, 2008