Bedford Stuyvesant Early Childhood Development Center Inc
- Assets
- $4.9m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 88
- Location
- Brooklyn, NY
- Founding
- 06/1987
- Data as of
- 06/2022
- 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 06/2022, Bedford Stuyvesant Early Childhood Development Center Inc employed 88 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 06/2022, Bedford Stuyvesant Early Childhood Development Center Inc generated $8.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 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
2022
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 |
|---|---|---|---|
Colvin W Grannum ESQ Chairperson | Trustee | 5 | $0 |
Maurice Reid Co-Chairperson | Trustee | 3 | $0 |
Doris Pinn Treasurer | Trustee | 2 | $0 |
Deborah Knight Secretary | Trustee | 2 | $0 |
John Mcallister Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,316,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,394,036 |
| 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 | $8,394,036 |
| 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 | $3,857,361 |
| Pension plan accruals and contributions | $1,458,440 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $360 |
| Office expenses | $65,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,860 |
| Travel | $2,836 |
| 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 | $64,080 |
| Insurance | $131,597 |
| All other expenses | $81,961 |
| Total functional expenses | $7,791,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,425,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,174,190 |
| 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 | $123,099 |
| Net Land, buildings, and equipment | $1,151,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,599 |
| Total assets | $4,884,804 |
| Accounts payable and accrued expenses | $614,918 |
| 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 | $2,087,334 |
| Total liabilities | $2,702,252 |
| Net assets without donor restrictions | $393,824 |
| Net assets with donor restrictions | $1,788,728 |
| 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 | $4,884,804 |