Academy For Early Learning
- Assets
- $262.5k
- Revenue
- $826.3k
- Investments
- $0.0
- Employees
- 20
- Location
- Philadelphia, PA
- Founding
- 04/1986
- Data as of
- 12/2022
- EIN
- 23-2377711
Organization Overview
Academy For Early Learning is located in Philadelphia, PA. The organization was established in 1986. 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 12/2022, Academy For Early Learning employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy For Early Learning 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 12/2022, Academy For Early Learning generated $826.3k 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 (9.6%) each year. All expenses for the organization totaled $996.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) 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
EDUCATION AND CHILDCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATION AND CHILDCARE IN A SAFE ENVIRONMENT TO ALL CHILDREN ENROLLED. THE ACADEMY FOR EARLY LEARNING IS A FEDERALLY SPONSORED CHILDCARE FACILITY. THE ACADEMY PROVIDES CARE FOR CHILDREN FROM 8 WEEKS OF AGE UNTIL THEY ENTER KINDERGARTEN. THE CHILD-CENTERED PHILOSOPHY COMBINED WITH FABULOUS TEACHERS AND AN INVESTED PARENT COMMUNITY CREATES A NURTURING STIMULATING HOME AWAY FROM HOME FOR ENROLLED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alaine Taylor President | Officer | 1 | $0 |
Heather Mosley Vice-President | Officer | 1 | $0 |
Holly Doyle Treasurer | Officer | 1 | $0 |
Tracy Marks Secretary | Officer | 1 | $0 |
Kimberley Mcneill Board Member | Trustee | 1 | $0 |
Christopher Gaughan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $494,390 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,720 |
| Total Program Service Revenue | $741,721 |
| Investment income | $291 |
| 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 | $826,321 |
| 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. | $134,540 |
| Compensation of current officers, directors, key employees. | $134,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $579,617 |
| Pension plan accruals and contributions | $13,597 |
| Other employee benefits | $78,612 |
| Payroll taxes | $57,122 |
| 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 | $2,223 |
| Office expenses | $11,717 |
| Information technology | $6,704 |
| 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 | $1,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,308 |
| All other expenses | $10,551 |
| Total functional expenses | $996,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,603 |
| Savings and temporary cash investments | $44,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,317 |
| 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 | $4,229 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $262,526 |
| Accounts payable and accrued expenses | $67,321 |
| Grants payable | $0 |
| Deferred revenue | $15,568 |
| 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 | $82,889 |
| Net assets without donor restrictions | $179,637 |
| Net assets with donor restrictions | $0 |
| 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 | $262,526 |