Bedford Stuyvesant Early Childhood Development Center Inc
- Assets
- $2.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 95
- Location
- Brooklyn, NY
- Founding
- 06/1987
- Data as of
- 06/2021
- EIN
- 11-2428431
Organization Overview
Bedford Stuyvesant Early Childhood Development Center Inc is located in Brooklyn, NY. The organization was established in 1987. As of 06/2021, Bedford Stuyvesant Early Childhood Development Center Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bedford Stuyvesant Early Childhood Development 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 06/2021, Bedford Stuyvesant Early Childhood Development Center Inc generated $6.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $6.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EARLY CHILDHOOD EDUCATION TO CHILDREN WITHIN CERTAIN AGE LIMIT, PROMOTE QUALITY CHILD DEVELOPMENT, PROVIDE HOT MEALS, AND HEALTH MONITORING TO THE PROGRAMS PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY PROVIDED EARLY CHILDHOOD EDUCATION TO CHILDREN AGES 3 AND 5.
PROVIDED FOOD AND NUTRITION TO THE CHILDREN IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Reid Co-Chairperson | Trustee | 3 | $0 |
Cynthia Doris Pinn Treasurer | Trustee | 2 | $0 |
Colvin W Grannum ESQ Chairperson | Trustee | 5 | $0 |
Marisha L Clinton CPA Secretary | Trustee | 2 | $0 |
John Mcallister Member | Trustee | 0.5 | $0 |
Deborah Knight Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,530,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,434 |
| Noncash contributions included in lines 1a–1f | $14,434 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,544,609 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $6,544,609 |
| 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 | $3,344,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,028,811 |
| Payroll taxes | $313,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,862 |
| Office expenses | $58,669 |
| Information technology | $9,550 |
| Royalties | $0 |
| Occupancy | $112,860 |
| Travel | $2,071 |
| 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 | $100,089 |
| Insurance | $124,680 |
| All other expenses | $18,148 |
| Total functional expenses | $6,573,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $760,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,359 |
| 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 | $92,857 |
| Net Land, buildings, and equipment | $1,215,158 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,070 |
| Total assets | $2,674,185 |
| Accounts payable and accrued expenses | $663,057 |
| 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 | $0 |
| Other liabilities | $431,367 |
| Total liabilities | $1,094,424 |
| Net assets without donor restrictions | $364,603 |
| Net assets with donor restrictions | $1,215,158 |
| 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 | $2,674,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northside Center For Child Development Inc New York, NY | $25,567,203 | $22,138,342 |
Luzerne County Head Start Inc Wilkesbarre, PA | $5,556,836 | $15,722,665 |
Enable Inc Canton, MA | $5,855,381 | $16,210,323 |
Summit Early Learning Inc Mifflinburg, PA | $6,816,351 | $11,714,676 |
Urban Strategies Inc Brooklyn, NY | $5,789,920 | $12,685,705 |
Child Development Inc Minersville, PA | $3,634,701 | $9,075,096 |
Tompkins Community Action Inc Ithaca, NY | $12,775,469 | $8,308,623 |
Jefferson Clarion Head Start Inc Brookville, PA | $1,768,160 | $8,066,601 |
Sharon Baptist Headstart Bronx, NY | $4,152,555 | $7,481,519 |
Adirondack Community Action Programs Inc Elizabethtown, NY | $2,193,946 | $7,339,971 |
Springfield Partners For Community Action Inc Springfield, MA | $3,390,380 | $6,909,062 |
Bedford Stuyvesant Early Childhood Development Center Inc Brooklyn, NY | $2,674,185 | $6,544,609 |