Wonderspring
- Assets
- $7.4m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 175
- Location
- Narberth, PA
- Founding
- 07/1965
- Data as of
- 06/2023
- EIN
- 23-1676836
Organization Overview
Wonderspring, operating under the name Montgomery Early Learning Centers, is located in Narberth, PA. The organization was established in 1965. 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 06/2023, Montgomery Early Learning Centers employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Early Learning Centers 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 06/2023, Montgomery Early Learning Centers generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $8.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE PATHWAYS TO QUALITY EDUCATION FOR CHILDREN. OUR VISION IS TO ENSURE ALL CHILDREN HAVE EQUITABLE ACCESS TO HIGH-QUALITY EDUCATION LED BY TRUSTED PROFESSIONALS THAT ENGAGES FAMILIES AND HAS A MEASURABLE IMPACT ON LIFELONG SUCCESS. OUR ORGANIZATIONAL VALUES ARE SAFETY, QUALITY, CARING, FUN AND BELONGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WONDERSPRING'S PROGRAMS OFFER A SAFE AND NURTURING ENVIRONMENT, QUALIFIED STAFF, AND AGE APPROPRIATE CURRICULUM TO ENCOURAGE LEARNING, DEVELOPMENT, AND GROWTH DURING THE MOST IMPORTANT YEARS OF A CHILD'S LIFE. OUR COMMITMENT TO EXCELLENCE IS NATIONALLY RECOGNIZED BY MULTIPLE AGENCIES INCLUDING: NAEYC (NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN), NAA (NATIONAL AFTERSCHOOL ASSOCIATION) AND COA (COUNCIL ON ACCREDITATION). IN ADDITION, ALL OF OUR EARLY CHILDHOOD AND SCHOOL AGE CENTERS HAVE ACHIEVED A STAR 4 RATING (OUT OF 4) IN PENNSYLVANIA'S KEYSTONE STARS PROGRAM. THIS PROGRAM RATES QUALITY BASED ON STAFF EDUCATION, LEARNING ENVIRONMENT, LEADERSHIP AND MANAGEMENT, AND FAMILY AND COMMUNITY PARTNERSHIPS.EARLY CHILDHOOD EDUCATION (ECE) PROGRAMS ARE COMPRISED OF INFANT, TODDLER, PRESCHOOL, AND PRE-K CLASSROOMS INCLUDING EARLY HEAD START AND PRE-K COUNTS TO ENSURE KINDERGARTEN READINESS FOR EVERY CHILD. SCHOOL AGE PROGRAMS PROVIDE BEFORE AND AFTER SCHOOL CARE TO CHILDREN IN THE COLONIAL SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Surge Ghosh President | OfficerTrustee | 3 | $0 |
Nina Spizer Vice President | OfficerTrustee | 3 | $0 |
Doug Martindale Treasurer | OfficerTrustee | 3 | $0 |
Lindsay Psulkowski Secretary | OfficerTrustee | 3 | $0 |
Charles Bragitikos Member | Trustee | 2 | $0 |
Seanna Crosley Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,875,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,118,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,993,438 |
| Total Program Service Revenue | $3,534,570 |
| Investment income | $118,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,595,283 |
| 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. | $399,920 |
| Compensation of current officers, directors, key employees. | $271,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,675,119 |
| Pension plan accruals and contributions | $80,716 |
| Other employee benefits | $703,332 |
| Payroll taxes | $367,035 |
| 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 | $11,413 |
| Fees for services: Other | $165,479 |
| Advertising and promotion | $25,036 |
| Office expenses | $136,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,277,897 |
| Travel | $7,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,013 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,543,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,250 |
| Savings and temporary cash investments | $730,187 |
| Pledges and grants receivable | $289,051 |
| Accounts receivable, net | $139,309 |
| 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 | $139,167 |
| Net Land, buildings, and equipment | $325,071 |
| Investments—publicly traded securities | $1,587,231 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,030,844 |
| Total assets | $7,420,110 |
| Accounts payable and accrued expenses | $542,303 |
| Grants payable | $0 |
| Deferred revenue | $256,501 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,172,787 |
| Total liabilities | $5,471,591 |
| Net assets without donor restrictions | $1,864,165 |
| Net assets with donor restrictions | $84,354 |
| 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 | $7,420,110 |