Early Learning Ventures
- Assets
- $2.9m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Englewood, CO
- Founding
- 03/2009
- Data as of
- 12/2021
- 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 12/2021, Early Learning Ventures employed 29 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 12/2021, Early Learning Ventures generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 18.6% per year over the past 5 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
2021
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 2021, THE ORGANIZATION SUPPORTED 900 EARLY CHILD CARE PROGRAMS; SERVED 56,407 CHILDREN. THE MEMBER RETENTION IS 96%, AND EHS SERVICES IS 100% ENROLLED, WITH 80% EHS TEACHER QUALIFICATIONS AND 65% EHS TEACHER RETENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Williams CEO | Officer | 40 | $145,554 |
Timothy Garcia Early Head S | 40 | $100,631 | |
Laura Merage Vice Pres | OfficerTrustee | 2 | $0 |
David Merage Pres/sec/tre | OfficerTrustee | 2 | $0 |
Sue Renner Asst Vice Pr | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cribs 2 Crayons Llc | 12/30/20 | $128,531 |
Caring Kids Preschool Llc | 12/30/20 | $108,682 |
Rising Business Consulting Llc | 12/30/20 | $71,255 |
Learning Tree Llc | 12/30/20 | $83,728 |
Kinderkirk Preschool & Childcare Cen | 12/30/20 | $78,606 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $219,655 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,610,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,526,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,356,093 |
| Total Program Service Revenue | $23,844 |
| 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 | $7,396,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,677,775 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,474 |
| Compensation of current officers, directors, key employees. | $24,744 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,393,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $432,240 |
| 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 | $441,295 |
| Advertising and promotion | $36,146 |
| Office expenses | $83,843 |
| Information technology | $289,909 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,986 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,641,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,233,898 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,499,144 |
| Accounts receivable, net | $7,509 |
| 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 | $179,197 |
| 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 | $2,919,748 |
| Accounts payable and accrued expenses | $593,547 |
| Grants payable | $0 |
| Deferred revenue | $55,950 |
| 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 | $649,497 |
| Net assets without donor restrictions | $2,003,801 |
| Net assets with donor restrictions | $266,450 |
| 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 | $2,919,748 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Early Learning Ventures has recieved totaling $240,957.
| Awarding Organization | Amount |
|---|---|
Temple Hoyne Buell Foundation Denver, CO PURPOSE: $75,000 FOR THE EARLY HEAD START CHILD CARE PARTNERSHIP AND $17,500 FOR COACHING OF NON EARLY HEAD START TEACHERS | $92,500 |
Daniels Fund Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Caring For Colorado Foundation Denver, CO PURPOSE: EARLY CHILDHOOD CARE | $40,000 |
Delta Dental Plan Of Colorado Foundation Inc Centennial, CO PURPOSE: Oral Health Initiative for Early Head Start-Child Care Partnership Sites | $33,150 |
Dodge Family Fund Longmont, CO PURPOSE: SUPPORT EARLY HEAD START TEACHER RETENTION AND CREDENTIAL INCENTIVES. | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Early Learning Ventures Englewood, CO | $2,919,748 | $7,396,606 |
Friends Of Football Inc Pueblo, CO | $0 | $209,272 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Secure World Foundation Broomfield, CO | $14,993,930 | $1,932,804 |
Case Commons Inc Lawrence, KS | $6,148,091 | $1,952,183 |
The Harold James Family Trust Prescott, AZ | $66,905,399 | $283,174 |
Smith-Pettit Foundation Salt Lake City, UT | $17,077,346 | $1,780,934 |
Foundation For A Better Life Denver, CO | $1,182,191 | $2,044,000 |
International Spine Study Group Foundation Brighton, CO | $5,806,474 | $2,130,790 |
National Center On Shaken Baby Syndrome Farmington, UT | $942,258 | $989,551 |
The Clifton Foundation Omaha, NE | $834,669 | -$35,977 |