Variety Early Learning Center
- Assets
- $118.1k
- Revenue
- $227.7k
- Investments
- $0.0
- Employees
- 46
- Location
- Las Vegas, NV
- Founding
- 05/1996
- Data as of
- 06/2019
- EIN
- 88-0066977
Organization Overview
Variety Early Learning Center is located in Las Vegas, NV. 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 06/2019, Variety Early Learning Center employed 46 individuals. Variety Early Learning Center 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 06/2019, Variety Early Learning Center generated $227.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $335.5k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PROGRAMS OFFERED BY THE CENTER ALLOWS PARENTS TO REMAIN SELF-SUFFICIENT AND PRODUCTIVE CITIZENS BY PROVIDING QUALITY CARE FOR CHILDREN AND FAMILIES IN GREATSET NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE: THE CHILD CARE PROGRAM PROVIDES PROGRAMS FOR INFANTS/ TODDLERS AND PRESCHOOLERS. IN OCTOBER 2018, THE BOARD OF DIRECTORS CLOSED THE CENTER DUE TO LACK OF FINANCIAL RESOURCES. IN DECEMBER 2019 ALL REMAINING CASH ASSETS WERE DONATED TO A LOCAL CHARITY WITH A MISSION OF HELPING CHILDREN AND THEIR FAMILIES SIMILIAR TO THAT OF THE CENTER. THESE RESULTS INCLUDE THE OPERATING PERIOD OF JULY 1, 2018 - SEPT 30, 2018. FULL DISSOLUTION OCCURED DECEMBER 2019.
NUTRITION: OUR FOOD PROGRAM ENSURED THAT ALL CHILDREN IN OUR CARE HAD AT LEAST TWO NUTRITIOUS MEALS AND A HEALTHER SNACK EACH DAY. OUR OWN KITCHEN PREPARED NUTRITIOUS AND WELL-BALANCED BREAKFASTS AND LUNCHES WHICH ARE SERVED FAMILY STYLE IN THE CLASSROOM AND MEET THE CHILD CARE FOOD PROGRAM NUTRITION GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Coleman Chairman | OfficerTrustee | 4 | $0 |
Cristina Reding Secretary/treasurer | OfficerTrustee | 2 | $0 |
Mark Coleman Director | Trustee | 1 | $0 |
Tammy Garcia Director | Trustee | 1 | $0 |
Tracy Lewis Director | Trustee | 1 | $0 |
Christine Baxter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,783 |
| Investment income | $2 |
| 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 | $227,719 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $180,442 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,115 |
| Payroll taxes | $17,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,855 |
| Advertising and promotion | $1,121 |
| Office expenses | $8,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,300 |
| 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 | $0 |
| Insurance | $13,734 |
| All other expenses | $0 |
| Total functional expenses | $335,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,372 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,136 |
| Accounts payable and accrued expenses | $55 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,901 |
| Other liabilities | $0 |
| Total liabilities | $13,956 |
| Net assets without donor restrictions | $104,180 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $104,180 |