Grand Rapids Early Discovery Center
- Assets
- $55.4k
- Revenue
- $836.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 08/2014
- Data as of
- 06/2017
- EIN
- 45-5548956
Organization Overview
Grand Rapids Early Discovery Center is located in Grand Rapids, MI. The organization was established in 2014. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. Grand Rapids Early Discovery Center 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 06/2017, Grand Rapids Early Discovery Center generated $836.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $792.0k during the year ending 06/2017. While expenses have increased by 8.1% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GRAND RAPIDS EARLY DISCOVERY CENTER IS TO CONTINUOUSLY EXPAND THE POTENTIAL OF CHILDREN, THE EXPERIENCES OF EDUCATORS AND THE INVOLVEMENT OF PARENTS WITHIN THE DIVERSE COMMUNITY OF GRAND RAPIDS, MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY LEARNING AND DAY-CARE SERVICES PROVIDED TO INFANTS, TODDLERS, YOUNG PRESCHOOL AND PRESCHOOL AGED CHILDREN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Hanks President | OfficerTrustee | 2 | $0 |
Brad Parisian Treasurer | OfficerTrustee | 2 | $0 |
Heather Koole Treasurer | OfficerTrustee | 2 | $0 |
Rebecca Stoessner Director | Officer | 40 | $0 |
Seth Montague Trustee | Trustee | 1 | $0 |
Yvonne Briley-Wilson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,900 |
| 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 | $836,516 |
| Statement of Expenses | |
|---|---|
| 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. | $79,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,771 |
| Payroll taxes | $36,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,720 |
| Advertising and promotion | $228 |
| Office expenses | $1,457 |
| Information technology | $4,055 |
| Royalties | $0 |
| Occupancy | $49,007 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,187 |
| All other expenses | $0 |
| Total functional expenses | $792,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,256 |
| 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 | $1,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,600 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $17,513 |
| Other liabilities | $0 |
| Total liabilities | $28,113 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $27,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Rapids Early Discovery Center has recieved totaling $60.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of Indianapolis Incorporated Indianapolis, IN | $487,243,633 | $55,187,916 |
Madison Childrens Museum Foundation Inc Madison, WI | $2,957,823 | $4,551,726 |
Madison Childrens Museum Inc Madison, WI | $15,954,090 | $4,245,584 |
Betty Brinn Childrens Museum Milwaukee, WI | $2,981,160 | $2,729,087 |
Ann Arbor Hands On Museum Ann Arbor, MI | $8,341,268 | $1,982,882 |
The Childrens Museum Of Cleveland Cleveland, OH | $9,251,165 | $2,252,805 |
The Building For Kids Inc Appleton, WI | $2,957,593 | $1,489,772 |
Grand Rapids Childrens Museum Grand Rapids, MI | $2,832,680 | $961,301 |
Louis J Koch Family Childrens Museum Of Evansville Inc Evansville, IN | $2,626,868 | $826,184 |
Terre Haute Childrens Museum Inc Terre Haute, IN | $4,191,400 | $1,039,404 |
Grand Rapids Early Discovery Center Grand Rapids, MI | $55,447 | $836,516 |
Flint Childrens Museum Flint, MI | $1,799,806 | $734,338 |