Elizabeths Early Learning Center Inc
- Assets
- $10.6m
- Revenue
- $2.8m
- Investments
- $7.0m
- Employees
- 99
- Location
- Lynchburg, VA
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 54-1808771
Organization Overview
Elizabeths Early Learning Center Inc is located in Lynchburg, VA. The organization was established in 1996. 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 12/2023, Elizabeths Early Learning Center Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeths Early Learning Center Inc 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 12/2023, Elizabeths Early Learning Center Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EVERY CHILD WITH AFFECTIONATE AND PERSONALIZED CARE IN A SAFE ENVIRONMENT. WE FOCUS ON PROVIDING FOR THE PHYSICAL, SOCIAL, EMOTIONAL, AND COGNITIVE DEVELOPMENT NEEDS OF CHILDREN IN AN AGE-APPROPRIATE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY DAY CARE TO CHILDREN FROM EVERY SOCIOECONOMIC CLASS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bentson Director | Trustee | 5 | $0 |
Dr Edward Polloway Past President | OfficerTrustee | 5 | $0 |
Hb Hunter Treasurer | OfficerTrustee | 5 | $0 |
Kara Eaton Dean Director | Trustee | 5 | $0 |
Eric Thomas Director | Trustee | 5 | $0 |
Gary Harvey Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,753 |
| Total Program Service Revenue | $1,910,531 |
| Investment income | $388,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,054 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,823,434 |
| 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. | $107,370 |
| Compensation of current officers, directors, key employees. | $19,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,753,379 |
| Pension plan accruals and contributions | $10,184 |
| Other employee benefits | $86,248 |
| Payroll taxes | $148,723 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $960 |
| Fees for services: Accounting | $7,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,445 |
| Fees for services: Other | $140,503 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,362 |
| Insurance | $38,431 |
| All other expenses | $109,515 |
| Total functional expenses | $2,998,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $895,010 |
| Savings and temporary cash investments | $323,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $341,790 |
| 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 | $16,159 |
| Net Land, buildings, and equipment | $2,010,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,008,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,594,688 |
| Accounts payable and accrued expenses | $47,934 |
| Grants payable | $0 |
| Deferred revenue | $55,354 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,923 |
| Total liabilities | $141,211 |
| Net assets without donor restrictions | $3,572,653 |
| Net assets with donor restrictions | $6,880,824 |
| 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 | $10,594,688 |