Apseed Early Childhood Education Inc
- Assets
- $799.6k
- Revenue
- $599.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3311675
Organization Overview
Apseed Early Childhood Education Inc is located in Salisbury, NC. The organization was established in 2016. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apseed Early Childhood Education 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, Apseed Early Childhood Education Inc generated $599.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $271.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERED WITH POLICE ATHLETIC LEAGUE TO DISTRIBUTE SEEDLINGS VIA NC PRE-K PROGRAMS
PARTNERED WITH ROWAN COUNTY NC SCHOOL SYSTEM TO DISTRIBUTE SEEDLINGS VIA NC PRE-K PROGRAMS.
PARTNERED WITH CHESTER CTY SC SCHOOL SYSTEM TO DISTRIBUTE SEEDLINGS VIA NC PRE-K PROGRAMS.
PARTNERED WITH OTHER NC, SC AND NY SCHOOL SYSTEM TO DISTRIBUTE SEEDLINGS VIA NC PRE-K PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Alcorn President | 10 | $62,115 | |
Missie Alcorn Vice Preside | 10 | $0 | |
Phillip Price Director | 2 | $0 | |
John O Reynolds Jr Director | 2 | $0 | |
Tony Leach Director | 2 | $0 | |
Dr Tony Watlington Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $598,480 |
| Interest on Savings | $204 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $554 |
| Total Revenue | $599,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,115 |
| Other employee salaries and wages | $36,062 |
| Pension plans, employee benefits | $7,511 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $145 |
| Printing and publications | $0 |
| Other expenses | $162,476 |
| Total operating and administrative expenses | $271,394 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $271,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,152 |
| Savings and temporary cash investments | $200,450 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $799,602 |
| Accounts payable and accrued expenses | $20 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Apseed Early Childhood Education Inc has recieved totaling $481,400.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $439,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $19,500 |
Margaret C Woodson Foundation Incorporated Charlotte, NC PURPOSE: APSEED PROJECT | $15,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monarch Albemarle, NC | $37,536,351 | $92,387,705 |
Lutheran Family Services Of Virginia Inc Roanoke, VA | $21,862,417 | $39,175,791 |
Lutheran Family Services In The Carolinas Inc Salisbury, NC | $8,144,497 | $24,137,672 |
Jewish Family & Career Services Inc Atlanta, GA | $12,287,389 | $17,564,180 |
Clayton County Community Services Authority Inc Forest Park, GA | $3,675,143 | $13,405,367 |
Family Resource Agency Inc Cleveland, TN | $1,737,951 | $12,329,517 |
Agape Child And Family Services Inc Memphis, TN | $4,822,758 | $10,716,983 |
Family Service Of The Piedmont Inc Jamestown, NC | $2,937,225 | $9,785,018 |
Murphy-Harpst Childrens Centers Inc Cedartown, GA | $8,054,234 | $10,353,326 |
Family And Childrens Service Nashville, TN | $12,864,767 | $8,385,396 |
Safe Alliance Inc Charlotte, NC | $10,001,861 | $8,368,823 |
Families First Inc Atlanta, GA | $16,902,074 | $9,104,630 |