Institute For Child Success Inc

SEE SCHEDULE O:THE INSTITUTE FOR CHILD SUCCESS (ICS) IS AN INDEPENDENT, NONPARTISAN, NONPROFIT RESEARCH AND POLICY ORGANIZATION DEDICATED TO THE SUCCESS OF ALL YOUNG CHILDREN. ICS PURSUES ITS MISSION IN FOUR PRIMARY WAYS: PROPOSING SMART PUBLIC POLICIES, GROUNDED IN RESEARCH; ADVISING GOVERNMENTS, NONPROFITS, FOUNDATIONS, AND OTHER STAKEHOLDERS ON STRATEGIES TO IMPROVE OUTCOMES; SHARING KNOWLEDGE, CONVENING STAKEHOLDERS, EMBRACING SOLUTIONS, AND ACCELERATING IMPACT; ENCOURAGING AND CULTIVATING CATALYTIC, INNOVATIVE LEADERSHIP IN EARLY CHILDHOOD.

SEE SCHEDULE O:IN 2021, ICS COMPLETED ITS STRATEGIC VISIONING PROCESS THAT COVERS 2021-2025. WE BRIEFED POLICY MAKERS ON THE EFFECTS OF COVID-19 ON CHILDREN AND OFFERED EVIDENCE-BASED, POLICY ALTERNATIVES AS CHILDREN RETURNED TO SCHOOL AND CHILD CARE. WE VIRTUALLY HOSTED OUR ANNUAL NURTURING DEVELOPING MINDS CONFERENCE, IMPLEMENTED AN IMPLICIT BIAS TRAINING SERIES FOR EARLY CHILDHOOD EDUCATORS, EXAMINED THE EFFECTS OF COVID-19 ON THE CHILD CARE WORKFORCE, PROVIDED EQUITY CONSULTATION FOR FUNDERS AND ADVISED FEDERAL LAWMAKERS ON STRATEGIES TO SECURE AND EXTEND THE CHILD TAX CREDIT. AS A RESULT OF OUR WORK WITHIN THE STATE, SOUTH CAROLINA LEGISLATORS ENACTED LEGISLATION CREATING FOUR-YEAR-OLD KINDERGARTEN FOR THOUSANDS OF CHILDREN PREVIOUSLY UNAVAILABLE IN THEIR COMMUNITIES. POLICY AND RESEARCH REVENUES TOTALLED $1,707,292, OF WHICH $26,875 WAS GRANTS WITH DONOR RESTRICTIONS REMAINING, $1,494,975 WAS GRANTS AND CONTRIBUTIONS WITHOUT DONOR RESTRICTIONS REMAINING, $184,794 WAS CONSULTING AND SERVICE FEES AND $648 WAS INTEREST. POLICY AND RESEARCH EXPENSES TOTALLED $1,696,071, OF WHICH $1,172,224 WAS FOR EMPLOYEE SERVICES, $289,110 WAS FOR PROGRAMS CONTACT SERVICES, $192,319 WAS FOR ADMINISTRATION, OCCUPANCY AND TECHNOLOGY, $36,846 WAS FOR MARKETING, EVENTS, TRAVEL AND TRAINING, AND $5,572 WAS FOR INTEREST. INCREASE IN NET ASSETS WAS $11,221. NET ASSETS AT 12-31-2021 WERE $687,402, OF WHICH $660,527 WAS WITHOUT DONOR RESTRICTIONS AND $26,875 WAS WITH DONOR RESTRICTIONS.THIS IS ONLY A PARTIAL LIST OF ACCOMPLISHMENTS. PLEASE VISIT WWW.INSTITUTEFORCHILDSUCCESS.ORG FOR A COMPREHENSIVE LIST OF ICS' WORK AND SUCCESSES.

SEE SCHEDULE O:IN OCTOBER 2021 THE ORGANIZATION BECAME SIGNIFICANTLY INVOLVED IN THE HELLO FAMILY PROGRAM, A COMPREHENSIVE MULTI-YEAR PROGRAM INITIATED BY THE CITY OF SPARTANBURG, SOUTH CAROLINA IN PARTNERSHIP WITH SEVERAL COMMUNITY STAKEHOLDERS, TO CREATE AN OVERARCHING CULTURE OF HEALTH AND IMPROVE BIRTH, HEALTH, LEARNING, AND CHILD WELFARE OUTCOMES FOR CHILDREN LIVING IN THE CITY, PRENATAL THROUGH AGE FIVE. UNDER AN OUTCOME PAYOR AGREEMENT WITH THE CITY, THE ORGANIZATION IS DESIGNATED AS THE PROJECT MANAGER FOR THE PROGRAM, IS RESPONSIBLE FOR MANAGING AND IMPLEMENTING THE PROGRAM TO SERVE THE TARGET POPULATION, SERVES AS THE FINANCIAL AND INFORMATION INTERMEDIARY FOR THE PROGRAM, AND SUPERVISES AND COORDINATES THE WORK OF VARIOUS SERVICE PROVIDERS. THE CITY AND OTHER GRANTORS AND DONORS CONTRIBUTED INTO A RESTRICTED PROGRAM OUTCOMES HELD AT THE SPARTANBURG COMMUNITY FOUNDATION; THE ACCOUNT BALANCE WAS $2,232,825 AT DECEMBER 31. 2021. THIS ACCOUNT MAY ONLY BE USED FOR REPAYMENT OF THE SOCIAL IMPACT LOAN ASSOCIATED WITH THE PROGRAM, UNDER WHICH THE ORGANIZATION MAY BORROW UP TO $4,860,000, WITH INTEREST ACCRUING AT 8% PER ANNUM. THE ORGANIZATION'S BENEFICIAL OWNERSHIP IN THE ACCOUNT AT DECEMBER 31, 2021 WAS $600,000, EQUAL TO OUTSTANDING BORROWINGS ON THE LOAN AT DECEMBER 31, 2021. THE INCREASE IN THE ORGANIZATION'S BENEFICIAL INTEREST IN THE ACCOUNT FOR 2021 OF $600,000 IS CLASSIFIED AS GRANT INCOME.THE ORGANIZATION ALSO OPENED A WORKING CAPITAL BANK ACCOUNT FOR THE PROGRAM, TO WHICH LOAN ADVANCES AND SPECIFIED WORKING-CAPITAL GRANTS ARE DEPOSITED AND FROM WHICH PROGRAM SERVICE PROVIDERS ARE PAID. HELLO FAMILY REVENUES TOTALLED $1,135,000, OF WHICH $182,014 WAS GRANTS WITH DONOR RESTRICTIONS REMAINING, $352,986 WAS GRANTS WITHOUT DONOR RESTRICTIONS REMAINING, AND $600,000 WAS BENEFICIAL INTEREST IN RESTRICTED PROGRAMS OUTCOME ACCOUNT. HELLO FAMILY EXPENSES TOTALED $352,986, OF WHICH $351,919 WAS FOR PROGRAMS CONTRACT SERVICES AND $1,067 WAS FOR INTEREST. INCREASE IN NET ASSETS WAS $782,014. NET ASSETS WITH DONOR RESTRICTIONS WERE $782,014 AT 12-31-2021.PLEASE READ MORE ABOUT THE HELLO FAMILY IN THE ORGANIZATION'S AUDITED 2021 FINANCIAL STATEMENTS.