Wonderspring
- Assets
- $4.4m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 174
- Location
- Narberth, PA
- Founding
- 07/1965
- Data as of
- 06/2021
- 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 06/2021, Montgomery Early Learning Centers employed 174 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 06/2021, Montgomery Early Learning Centers generated $8.4m 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 (6.2%) each year. All expenses for the organization totaled $7.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) 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 HELP FAMILIES THRIVE BY PROVIDING SAFE, CONVENIENT, AND HIGHEST QUALITY LEARNING OPPORTUNITIES AND CARE FOR CHILDREN IN GREATER PHILADELPHIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WONDERSPRING (THE ORGANIZATION") IS A PENNSYLVANIA TAX-EXEMPT NONPROFIT ORGANIZATION FOUNDED IN 1963. ITS PRIMARY PURPOSE IS TO HELP FAMILIES THRIVE BY PROVIDING SAFE, CONVENIENT AND THE HIGHEST QUALITY LEARNING OPPORTUNITIES AND CARE FOR CHILDREN IN GREATER PHILADELPHIA. WITH AN ARRAY OF EARLY CHILDHOOD EDUCATION ("ECE") AND OUT OF SCHOOL TIME ("OST") PROGRAMS LED BY TRUSTED PROFESSIONALS, THE ORGANIZATION STRIVES TO ENGAGE FAMILIES AND HAVE A MEASURABLE IMPACT ON CHILDREN'S HEALTH, DEVELOPMENT, SCHOOL READINESS AND LIFELONG SUCCESS. FIVE ECE PROGRAM SITES HAVE A CAPACITY OF UP TO 600 CHILDREN INCLUDING INFANT, TODDLER, PRESCHOOL AND PRE-K PROGRAMS FUNDED BY A MIX OF REVENUE SOURCES INCLUDING EARLY HEAD START, PENNSYLVANIA PRE-K COUNTS, PENNSYLVANIA STATE SUBSIDIES, PHILADELPHIA PRE-K AND PRIVATE PAY FEES. OST PROGRAMS PROVIDE BEFORE AND/OR AFTER SCHOOL CARE AND SUMMER CAMPS TO OVER 400 CHILDREN IN 3 SCHOOL DISTRICTS.SINCE OUR INCEPTION, 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 ECE AND OST CENTERS OPERATE AT THE HIGHEST STAR 4 RATING IN PENNSYLVANIA'S KEYSTONE STARS PROGRAM. THIS PROGRAM RATES QUALITY BASED ON STAFF EDUCATION, LEARNING ENVIRONMENT, LEADERSHIP AND MANAGEMENT, AND FAMILY AND COMMUNITY PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zakiyyah Boone CEO | Officer | 40 | $137,537 |
Thomas Sulpizio CFO | Officer | 40 | $116,014 |
Surge Ghosh President | OfficerTrustee | 3 | $0 |
Nina Spizer Vice President | OfficerTrustee | 3 | $0 |
Doug Martindale Treasurer | OfficerTrustee | 3 | $0 |
Rebecca Rosenberger Smolen Secretary Thru 6.30.21 | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,269,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,526,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,796,057 |
| Total Program Service Revenue | $2,422,448 |
| Investment income | $47,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $164,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,430,879 |
| 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. | $314,270 |
| Compensation of current officers, directors, key employees. | $218,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,731,000 |
| Pension plan accruals and contributions | $66,567 |
| Other employee benefits | $707,295 |
| Payroll taxes | $287,651 |
| 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 | $10,127 |
| Fees for services: Other | $141,099 |
| Advertising and promotion | $14,880 |
| Office expenses | $156,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,494,528 |
| Travel | $570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,666 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,479,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,239,872 |
| Savings and temporary cash investments | $775,923 |
| Pledges and grants receivable | $231,405 |
| Accounts receivable, net | $449,650 |
| 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 | $141,954 |
| Net Land, buildings, and equipment | $171,883 |
| Investments—publicly traded securities | $1,402,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,413,061 |
| Accounts payable and accrued expenses | $553,814 |
| Grants payable | $0 |
| Deferred revenue | $301,953 |
| 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 | $130,581 |
| Total liabilities | $1,486,348 |
| Net assets without donor restrictions | $2,885,693 |
| Net assets with donor restrictions | $41,020 |
| 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 | $4,413,061 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wonderspring has recieved totaling $48,887.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
Reinvestment Fund Inc Philadelphia, PA PURPOSE: PROVIDING FUNDING TO CHILD CARE PROVIDERS IN PHILADELPHIA | $23,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Georgetown Hill Child Care Center Inc Montgomery Village, MD | $9,950,402 | $20,593,536 |
Horizon Education Centers North Olmsted, OH | $18,012,561 | $15,661,118 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |
United Bronx Parents Inc Bronx, NY | $29,568,734 | $11,638,478 |
Lehigh Valley Childrens Centers Inc Allentown, PA | $14,112,341 | $13,366,940 |
Harbor Day Care Center Inc Mineola, NY | $2,835,486 | $11,026,032 |
League On Social Services Inc Family Day Care Program Hyde, PA | $1,090,310 | $11,061,373 |
Ahold Delhaize Usa Family Foundation Inc Carlisle, PA | $12,628,816 | $12,963,322 |
1199 Seiu Employer Child Care Corporation New York, NY | $5,376,854 | $12,251,689 |
Union City Day Care Program Inc Union City, NJ | $4,462,325 | $9,788,592 |