Milestones Early Learning Center & Preschool
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 57
- Location
- Bloomington, IL
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 37-0661196
Organization Overview
Milestones Early Learning Center & Preschool is located in Bloomington, IL. The organization was established in 1943. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Milestones Early Learning Center & Preschool employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milestones Early Learning Center & Preschool is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Milestones Early Learning Center & Preschool generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY, ACCESSIBLE, AND AFFORDABLE CHILD CARE FOR CHILDREN SIX WEEKS THROUGH TWELVE YEARS OLD IN A SAFE AND ENRICHING LEARNING ENVIRONMENT THAT SUPPORTS CHILDREN AND FAMILIES AS THEY GROW AND DEVELOP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NON-DISCRIMINATORY CHILDCARE SERVICES FOR RESIDENTS OF MCLEAN COUNTY, ILLINOIS AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joni Staley Director | Officer | 40 | $85,547 |
Caitlin Cotton Chair | OfficerTrustee | 2 | $0 |
Jon Danenberger Vice Chair | OfficerTrustee | 2 | $0 |
Kirstin Lane Treasurer | OfficerTrustee | 2 | $0 |
Leslie Albee Secretary | OfficerTrustee | 2 | $0 |
Ben Mathews Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,413 |
| Related organizations | $0 |
| Government grants | $594,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,599 |
| Total Program Service Revenue | $405,714 |
| Investment income | $1,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,470 |
| Net Gain/Loss on Asset Sales | -$26,493 |
| Net Income from Fundraising Events | -$7,828 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,385,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $775,534 |
| Pension plan accruals and contributions | $673 |
| Other employee benefits | $22,777 |
| Payroll taxes | $61,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,258 |
| Advertising and promotion | $2,591 |
| Office expenses | $178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,305 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92,205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,298 |
| Insurance | $18,210 |
| All other expenses | $19,297 |
| Total functional expenses | $1,328,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,275 |
| Savings and temporary cash investments | $1,361 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,502 |
| Net Land, buildings, and equipment | $2,006,808 |
| Investments—publicly traded securities | $50,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,255 |
| Total assets | $2,722,209 |
| Accounts payable and accrued expenses | $63,631 |
| Grants payable | $0 |
| Deferred revenue | $16,042 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,535,219 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,614,892 |
| Net assets without donor restrictions | $1,105,817 |
| Net assets with donor restrictions | $1,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,722,209 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Milestones Early Learning Center & Preschool has recieved totaling $10,319.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,300 |
Paul A Funk Foundation Bloomington, IL PURPOSE: CHILD CARE | $3,000 |
Russell And Betty Shirk Foundation Bloomington, IL PURPOSE: PROGRAM EXPENSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Beg. Balance | $1,302 |
| Earnings | $59 |
| Ending Balance | $1,361 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baby Fold Normal, IL | $27,364,116 | $17,486,637 |
Day Care Resources Inc Tremont, IL | $2,117,943 | $17,941,943 |
Centers For New Horizons Inc Chicago, IL | $7,305,979 | $16,275,139 |
Sal Family And Community Services Moline, IL | $8,918,922 | $19,104,520 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Carole Robertson Center For Learning Chicago, IL | $14,277,174 | $18,327,901 |
Children And Families Of Iowa Des Moines, IA | $18,712,609 | $16,514,094 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
Henry Booth House Chicago, IL | $2,336,796 | $13,372,384 |
Mary Crane League Chicago, IL | $2,658,190 | $10,239,399 |
Guadalupe Center Inc Kansas City, MO | $11,857,971 | $9,741,504 |
Encompass Early Education And Care Inc Green Bay, WI | $8,419,390 | $8,397,899 |