Educare Of Omaha Inc
- Assets
- $19.4m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 346
- Location
- Omaha, NE
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 80-0015385
Organization Overview
Educare Of Omaha Inc is located in Omaha, NE. The organization was established in 2002. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Educare Of Omaha Inc employed 346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educare Of Omaha 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 12/2021, Educare Of Omaha Inc generated $14.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $16.5m during the year ending 12/2021. While expenses have increased by 14.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCARE OF OMAHA, A NEBRASKA NOT-FOR-PROFIT CORPORATION, WAS CREATED TO PROVIDE EDUCATIONAL AND DEVELOPMENTAL PROGRAMS TO AT-RISK CHILDREN FROM BIRTH TO FIVE YEARS MEETING DESIGNATED CRITERIA, WITHIN THE OMAHA METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCARE OPERATES THREE EARLY LEARNING CENTERS THAT PROVIDE DATA-DRIVEN PRACTICES, ONGOING PROFESSIONAL DEVELOPMENT, HIGH-QUALITY TEACHING PRACTICES AND INTENSIVE FAMILY ENGAGEMENT. EDUCARE WILL SERVE AS THE FIRST STAGE OF BIRTH TO THREE FOR SOME OF OMAHA'S MOST AT-RISK YOUNG CHILDREN AND FAMILIES, WITH SPECIAL FOCUS ON THE UNDERSERVED POPULATION OF OMAHA.
PROGRAM OPERATION: OPERATE EARLY CHILDHOOD PROGRAMS FOCUSING ON DEVELOPMENT OF LITERACY SKILLS AND IDENTIFICATION OF DEVELOPMENTAL PROBLEMS FOR CHILDREN AT-RISK. LONGITUDINAL RESEARCH: TO DETERMINE THE VALUE OF THIS PROGRAM IN CONJUNCTION WITH THE UNIVERSITY OF NORTH CAROLINA. PARTNERSHIP BUILDING: FORM EFFECTIVE PARTNERSHIPS BETWEEN OMAHA PUBLIC SCHOOLS AND OMAHA PUBLIC SCHOOLS HEAD START, AND MODEL THE PROGRAM AFTER CHICAGO'S EDUCARE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafel Hart Executive Director | Officer | 40 | $189,104 |
Jamalia Jones Operations Director | 40 | $108,032 | |
Mary Afrank Program Director | 40 | $104,783 | |
Jessie Rasmussen Board Chair | OfficerTrustee | 1 | $0 |
Don Erikson Treasurer | OfficerTrustee | 1 | $0 |
Tina Ames Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,191,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,840,712 |
| Noncash contributions included in lines 1a–1f | $1,109,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,032,296 |
| Total Program Service Revenue | $4,399,241 |
| Investment income | $404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,431,941 |
| 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. | $203,427 |
| Compensation of current officers, directors, key employees. | $203,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,251,082 |
| Pension plan accruals and contributions | $196,436 |
| Other employee benefits | $1,462,453 |
| Payroll taxes | $775,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,802 |
| Fees for services: Accounting | $26,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,320,919 |
| Advertising and promotion | $3,324 |
| Office expenses | $743,027 |
| Information technology | $29,968 |
| Royalties | $0 |
| Occupancy | $142,191 |
| Travel | $42,732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,094 |
| Interest | $322,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,061 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,520,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,505,527 |
| Savings and temporary cash investments | $5,130 |
| Pledges and grants receivable | $2,211,241 |
| Accounts receivable, net | $0 |
| 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 | $47,531 |
| Net Land, buildings, and equipment | $56,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $448,033 |
| Other assets | $6,136,868 |
| Total assets | $19,410,966 |
| Accounts payable and accrued expenses | $1,091,802 |
| Grants payable | $0 |
| Deferred revenue | $1,172 |
| 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 | $9,880,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,973,779 |
| Net assets without donor restrictions | $2,770,780 |
| Net assets with donor restrictions | $5,666,407 |
| 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 | $19,410,966 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Educare Of Omaha Inc has recieved totaling $147,932.
| Awarding Organization | Amount |
|---|---|
Nebraska Early Childhood Collaborative Omaha, NE PURPOSE: NEW MARKET TAX CREDIT PROJECT. | $147,932 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Educare Of Omaha Inc Omaha, NE | $19,410,966 | $14,431,941 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
Head Start Child And Family Development Program Inc Hastings, NE | $7,092,911 | $8,181,932 |
Denver Montessori Society Denver, CO | $15,996,394 | $7,932,212 |
Dayspring Christian Academy Greeley, CO | $1,798,243 | $6,280,842 |
Denver Waldorf School Assn Denver, CO | $14,063,042 | $5,661,064 |
Friends School Inc Boulder, CO | $8,810,757 | $5,756,755 |
Wild Plum Center For Young Children And Families Inc Longmont, CO | $2,476,616 | $4,378,345 |
Paddington Station Inc Denver, CO | $5,392,252 | $3,753,070 |
Jarrow School Inc Boulder, CO | $6,169,767 | $3,661,555 |