Educare Of Lincoln Inc
- Assets
- $10.2m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 83
- Location
- Lincoln, NE
- Founding
- 11/2013
- Data as of
- 06/2023
- EIN
- 46-0568146
Organization Overview
Educare Of Lincoln Inc is located in Lincoln, NE. The organization was established in 2013. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Educare Of Lincoln Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educare Of Lincoln 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 06/2023, Educare Of Lincoln Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.2m during the year ending 06/2023. While expenses have increased by 8.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EARLY CHILDHOOD CENTER THAT PROVIDES ALL-DAY, YEAR-ROUND CARE AND EDUCATION FOR ECONOMICALLY DISADVANTAGED CHILDREN FROM BIRTH TO AGE FIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD EDUCATION: EDUCARE LINCOLN IS A RESEARCH-BASED PROGRAM THAT PREPARES YOUNG, AT-RISK CHILDREN FOR SCHOOL; A SPECIALLY DESIGNED PLACE THAT NURTURES EARLY LEARNING AND SENDS A BOLD MESSAGE ABOUT THE VALUE OF INVESTING IN THE FIRST FIVE YEARS; AN INNOVATIVE PARTNERSHIP BETWEEN THE PUBLIC AND PRIVATE SECTORS TO CREATE A MORE EFFICIENT, MORE EFFECTIVE EARLY LEARNING PROGRAM; AND A COMPELLING PLATFORM TO DRIVE CHANGE AMONG POLICYMAKERS, BUSINESS LEADERS AND EARLY CHILDHOOD PROVIDERS BY SHOWING WHAT QUALITY EARLY LEARNING LOOKS LIKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Jones President | OfficerTrustee | 1 | $0 |
Becky Veak Secretary | OfficerTrustee | 1 | $0 |
Jessie Rasmussen Treasurer | OfficerTrustee | 1 | $0 |
Marjorie Kostelnik Member | Trustee | 1 | $0 |
Dan Farnworth Member | Trustee | 1 | $0 |
Diane Temme Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,635,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,822,855 |
| Noncash contributions included in lines 1a–1f | $1,205,127 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,458,471 |
| Total Program Service Revenue | $4,935 |
| Investment income | $97,622 |
| 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 | $4,561,028 |
| 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. | $196,584 |
| Compensation of current officers, directors, key employees. | $131,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,386,978 |
| Pension plan accruals and contributions | $47,782 |
| Other employee benefits | $380,316 |
| Payroll taxes | $193,606 |
| Fees for services: Management | $228,600 |
| Fees for services: Legal | $3,039 |
| Fees for services: Accounting | $17,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,980 |
| Advertising and promotion | $88,815 |
| Office expenses | $101,320 |
| Information technology | $8,742 |
| Royalties | $0 |
| Occupancy | $147,205 |
| Travel | $24,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,624 |
| Insurance | $16,486 |
| All other expenses | $0 |
| Total functional expenses | $4,227,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,654 |
| Savings and temporary cash investments | $2,874,250 |
| Pledges and grants receivable | $298,417 |
| 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 | $26,085 |
| Net Land, buildings, and equipment | $6,885,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,158,544 |
| Accounts payable and accrued expenses | $229,277 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $229,277 |
| Net assets without donor restrictions | $9,719,206 |
| Net assets with donor restrictions | $210,061 |
| 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 | $10,158,544 |