Early Learning Ventures
- Assets
- $3.1m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 33
- Location
- Englewood, CO
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-4053609
Organization Overview
Early Learning Ventures is located in Englewood, CO. The organization was established in 2009. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Early Learning Ventures employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Early Learning Ventures 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, Early Learning Ventures generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $6.8m during the year ending 12/2022. While expenses have increased by 15.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
ELV SUPPORTS AND ENHANCES EARLY LEARNING PROGRAMS TO PROVIDE COMPREHENSIVE AND CONTINUOUS SERVICES. ELV AIMS TO INCREASE ACCESS TO HIGH-QUALITY, FULL-DAY, FULL YEAR CHILD CARE FOR LOW INCOME WORKING FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR 2022, THE ORGANIZATION SUPPORTED 900 EARLY CHILD CARE PROGRAMS; SERVED 63,460 CHILDREN. THE MEMBER RETENTION IS 94%, AND EHS SERVICES IS 100% ENROLLED, WITH 64% EHS TEACHER QUALIFICATIONS AND 72% EHS TEACHER RETENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Merage President | OfficerTrustee | 5 | $0 |
Laura Merage Vice Pres | OfficerTrustee | 5 | $0 |
Sue Renner Asst Vice Pr | OfficerTrustee | 5 | $0 |
Judith Williams CEO | Officer | 40 | $169,812 |
Timothy Garcia Early Head S | 40 | $111,892 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Little Boots Early Learning Ctr Ehs Partner | 12/30/22 | $174,298 |
Children's Place Learning Center Ehs Partner | 12/30/22 | $162,540 |
Mhms Llc Dba Step By Step Dev Cente Ehs Partner | 12/30/22 | $148,828 |
Rising Star Early Learning Center Ehs Partner | 12/30/22 | $144,292 |
Coreen Enterprises Llc Ehs Partner | 12/30/22 | $186,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $254,888 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,380,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,090,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,725,530 |
| Total Program Service Revenue | $188,055 |
| 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 | $6,934,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,628,371 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,376 |
| Compensation of current officers, directors, key employees. | $29,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,464,023 |
| Pension plan accruals and contributions | $27,911 |
| Other employee benefits | $286,100 |
| Payroll taxes | $123,626 |
| 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 | $570,793 |
| Advertising and promotion | $61,227 |
| Office expenses | $24,797 |
| Information technology | $332,235 |
| Royalties | $0 |
| Occupancy | $53,301 |
| Travel | $90,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $784 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,837,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,005,551 |
| Savings and temporary cash investments | $379,357 |
| Pledges and grants receivable | $1,636,099 |
| 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 | $37,187 |
| 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 | $3,058,194 |
| Accounts payable and accrued expenses | $593,836 |
| Grants payable | $0 |
| Deferred revenue | $12,075 |
| 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 | $84,618 |
| Total liabilities | $690,529 |
| Net assets without donor restrictions | $2,052,240 |
| Net assets with donor restrictions | $315,425 |
| 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 | $3,058,194 |