Early Childhood Foundation Of Cabarrus County
- Assets
- $16.1k
- Revenue
- $24.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NC
- Founding
- 09/2014
- Data as of
- 06/2020
- EIN
- 46-5592985
Organization Overview
Early Childhood Foundation Of Cabarrus County is located in Concord, NC. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Early Childhood Foundation Of Cabarrus County 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 06/2020, Early Childhood Foundation Of Cabarrus County generated $24.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.8% each year . All expenses for the organization totaled $21.5k during the year ending 06/2020. While expenses have increased by 11.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INVEST IN OUR FUTURE BY PROVIDING EDUCATION OPPORTUNITIES FOR PRESCHOOL CHILDREN WHO ARE ECONOMICALLY DISADVANTAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED REIMBURSEMENT AMOUNTS TO PROVIDE WEEKLY ORFF MUSIC THERAPY SESSIONS FOR FOUR- AND FIVE-YEAR OLDS IN FIFTEEN NC PRE-K AND SIX HEAD START CLASSROOMS IN CONCORD AND KANNAPOLIS NC WITH ORFF TRAINED MUSIC INSTRUCTORS. PROVIDED MORE THAN 2,700 CONTACT HOURS OVER THE SCHOOL YEAR. CLASSROOMS LOCATED AT LOCKHART EARLY LEARNING CENTER, CABARRUS BILINGUAL PRESCHOOL, MCKNIGHT CHILD DEVELOPMENT CENTER, AND HEAD START FOR CABARRUS COUNTY AT THE LONG SCHOOL.
PROVIDED BOOKS TO FOUR- AND FIVE-YEAR-OLD CHILDREN AT FIFTEEN NC PRE-K AND SIX HEAD START CLASSROOMS IN CONCORD AND KANNAPOLIS NC. EACH CHILD RECEIVED THREE BOOKS OVER THE COURSE OF THE YEAR -- START, IN DECEMBER, AND AT THE END OF THE YEAR. CHILDREN THRILLED TO HAVE A BOOK OF THEIR OWN. BOOKS TAKEN FROM INVENTORY PURCHASED PRIOR YEAR.
GENERAL SUPPORT OF THE CHILDREN IN THE ABOVE CLASSROOMS AS WELL AS THE TEACHERS AND SCHOOLS. ITEMS INCLUDED MAINTENANCE CONTRACT FOR LAMINATOR IN USE AT ONE OF THE SCHOOLS, ORFF TRAINING FOR SCHOOL RESOURCES, AND CONSCIOUS DISCIPLINE TRAINING FOR PRE-SCHOOL TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Whitfield Chair | OfficerTrustee | 5 | $0 |
Charles W Collier Vice Chair | OfficerTrustee | 4 | $0 |
Stephanie Fish Secretary | OfficerTrustee | 3 | $0 |
Martin W Ericson Jr Treasurer | OfficerTrustee | 3 | $0 |
The Rev Nancy Cox Board Member | Trustee | 1 | $0 |
Nancy Foskey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,151 |
| 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 | $24,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150 |
| Office expenses | $278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,116 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $16,116 |
Grants Awarded
Over the last fiscal year, Early Childhood Foundation Of Cabarrus County has awarded $16,005 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILIES FIRST IN CABARRUS COUNTY PURPOSE: STIPEND FOR MUSIC INSTR | $5,750 |
JF MCKNIGHT CHILD DEVELOPMENT CTR PURPOSE: STIPEND FOR MUSIC INSTR | $10,255 |