Learning Grove Inc
- Assets
- $12.0m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 391
- Location
- Covington, KY
- Founding
- 08/1977
- Data as of
- 12/2021
- EIN
- 31-0910787
Organization Overview
Learning Grove Inc is located in Covington, KY. The organization was established in 1977. 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 12/2021, Learning Grove Inc employed 391 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning Grove Inc 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, Learning Grove Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $16.2m during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 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
WE ADVANCE THE SUCCESS OF YOUNG CHILDREN BY PARTNERING WITH FAMILIES, PROFESSIONALS AND THE COMMUNITY THROUGH EXEMPLARY SERVICES, TRAINING, RESEARCH AND ADVOCACY. WE ACCOMPLISH OUR MISSION WITHIN A CULTURE OF INNOVATION, COLLABORATION AND SHARED LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CHILD CARE SERVICES TO WORKING PARENTS, THE MAJORITY OF WHICH HAVE LOW INCOME. PROVIDING CHILD CARE SERVICES FOR SCHOOL AGE CHILDREN, AFTER SCHOOL AND DURING THE SUMMER. VISITATION FOR YOUNG, AT-RISK PARENTS. CHILD CARE PROVIDED BY INDIVIDUALS IN THEIR HOMES. SERVICE LEARNING, TRAINING AND GROWING SOUND, ADVOCACY AND RESEARCH, AND NAVIGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Starkey - Taylor Chief Executive Officer | Officer | 40 | $167,963 |
Patricia Gleason Chief Operating Officer | Officer | 40 | $167,294 |
Rene Cheatham Chief Financial Officer | Officer | 40 | $116,516 |
Lori Zombek President | OfficerTrustee | 1 | $0 |
Austin Musser Vice President | OfficerTrustee | 1 | $0 |
Josh Ruth Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Distinctive Dining Food Catering | 12/30/18 | $174,948 |
Ellenbee Legget Food And Supplies | 12/30/18 | $137,884 |
Deskey Associates Advertising | 12/30/18 | $120,218 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $538,397 |
| Membership dues | $0 |
| Fundraising events | $147,045 |
| Related organizations | $0 |
| Government grants | $3,309,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,318,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,313,003 |
| Total Program Service Revenue | $8,963,626 |
| Investment income | $27,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,800 |
| Net Gain/Loss on Asset Sales | $701,961 |
| Net Income from Fundraising Events | $14,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,031,851 |
| 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. | $657,685 |
| Compensation of current officers, directors, key employees. | $107,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,714,902 |
| Pension plan accruals and contributions | $249,986 |
| Other employee benefits | $840,250 |
| Payroll taxes | $752,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $89,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $583,713 |
| Advertising and promotion | $337,096 |
| Office expenses | $0 |
| Information technology | $137,009 |
| Royalties | $0 |
| Occupancy | $715,321 |
| Travel | $42,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $519,828 |
| Insurance | $78,212 |
| All other expenses | $203,954 |
| Total functional expenses | $16,179,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,199 |
| Savings and temporary cash investments | $1,154,064 |
| Pledges and grants receivable | $551,933 |
| Accounts receivable, net | $602,322 |
| 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 | $12,962 |
| Net Land, buildings, and equipment | $5,006,193 |
| Investments—publicly traded securities | $4,535,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $936 |
| Total assets | $12,030,181 |
| Accounts payable and accrued expenses | $1,112,417 |
| Grants payable | $0 |
| Deferred revenue | $58,153 |
| 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 | $1,380,248 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $975,024 |
| Total liabilities | $3,525,842 |
| Net assets without donor restrictions | $6,885,727 |
| Net assets with donor restrictions | $1,618,612 |
| 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 | $12,030,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Learning Grove Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Tas Foundation Cincinnati, OH PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE. | $5,000 |
Endowment Analysis
| Beg. Balance | $618,143 |
| Ending Balance | $618,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Valley Child Development Centers Inc Dayton, OH | $11,000,708 | $39,221,090 |
Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Child Development Council Of Franklin County Columbus, OH | $14,978,695 | $30,319,189 |
Baby Fold Normal, IL | $27,364,116 | $17,486,637 |
Day Care Resources Inc Tremont, IL | $2,117,943 | $17,941,943 |
Centers For New Horizons Inc Chicago, IL | $7,305,979 | $16,275,139 |
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Sal Family And Community Services Moline, IL | $8,918,922 | $19,104,520 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Carole Robertson Center For Learning Chicago, IL | $14,277,174 | $18,327,901 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
Horizon Education Centers North Olmsted, OH | $18,012,561 | $15,661,118 |