East Side Community Learning Center Foundation
- Assets
- $3.5m
- Revenue
- $479.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2006
- Data as of
- 06/2021
- EIN
- 20-4215109
Organization Overview
East Side Community Learning Center Foundation is located in Wilmington, DE. The organization was established in 2006. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Side Community Learning Center Foundation 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, East Side Community Learning Center Foundation generated $479.3k 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 (10.7%) each year. All expenses for the organization totaled $632.8k during the year ending 06/2021. 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
PUBLIC CHARTER SCHOOL SUPPORTING ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF EAST SIDE CHARTER SCHOOL, WHICH IS A PUBLIC CHARTER SCHOOL CHARTERED UNDER THE PROVISIONS OF DELAWARE STATE LAW. THE FOUNDATION'S PRIMARY ACTIVITY IS FUNDRAISING AND OTHER ACTIVITIES SUPPORTING EAST SIDE CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn Stewart Board Chair | OfficerTrustee | 2 | $0 |
Thomas C Humphrey Treasurer | OfficerTrustee | 1 | $0 |
Cecil Gordon MD Vice Chair | OfficerTrustee | 0.3 | $0 |
Charles H Toliver ESQ Secretary | OfficerTrustee | 1 | $0 |
Aaron Bass Ex-Officio | Officer | 0.3 | $0 |
Charlie Mcdowell CEO | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,583 |
| Total Program Service Revenue | $0 |
| Investment income | $52,668 |
| 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 | $479,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $295,479 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,251 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| 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 | $0 |
| Office expenses | $4,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $300,482 |
| Insurance | $0 |
| All other expenses | $23,622 |
| Total functional expenses | $632,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100 |
| 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 |
| Net Land, buildings, and equipment | $1,337,112 |
| Investments—publicly traded securities | $1,587,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,510,290 |
| Accounts payable and accrued expenses | $64,067 |
| 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 | $0 |
| Total liabilities | $64,067 |
| Net assets without donor restrictions | $2,208,127 |
| Net assets with donor restrictions | $1,238,096 |
| 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 | $3,510,290 |
Grants Awarded
Over the last fiscal year, East Side Community Learning Center Foundation has awarded $561,706 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wilmington, DE PURPOSE: TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE CHARTER SCHOOL | $289,792 |
New Castle, DE PURPOSE: TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE CHARTER SCHOOL | $271,914 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Side Community Learning Center Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Richard A & James F Corroon Foundation Inc Wilmington, DE PURPOSE: GENERAL | $2,000 |
Endowment Analysis
| Beg. Balance | $1,042,012 |
| Net Contributions | $80,000 |
| Ending Balance | $1,122,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
House Of Freedom Support Corporation Baltimore, MD | $49,667,310 | $5,810,229 |
Jpc Affordable Housing Foundation Inc Newark, NJ | $16,189,985 | $7,541,928 |
Presbyterian Seniorcare Foundation Oakmont, PA | $8,697,066 | $4,349,220 |
Ehca Foundation Erie, PA | $9,325,618 | $619,289 |
Newcourtland Life At St Bartholomew Inc Philadelphia, PA | $11,528,481 | $536,860 |
Wcm Real Estate Nfp Washington, PA | $10,316,882 | $543,232 |
Mission First Housing Group Inc Philadelphia, PA | $146,738 | $182,915 |
East Side Community Learning Center Foundation Wilmington, DE | $3,510,290 | $479,251 |
Valley Care Endowment Corporation Pittsburgh, PA | $8,006,925 | $591,917 |
Robertas House Support Corporation Baltimore, MD | $14,658,573 | $0 |
Walker Housing Fund Charitable Tr Pennington, NJ | $740,198 | $26,916 |
Morningstar Senior Living Foundation Nazareth, PA | $5,329,279 | $724,960 |