Elizabeths Early Learning Center Inc
- Assets
- $11.1m
- Revenue
- $3.2m
- Investments
- $7.6m
- Employees
- 98
- Location
- Lynchburg, VA
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 54-1808771
Organization Overview
Elizabeths Early Learning Center Inc is located in Lynchburg, VA. The organization was established in 1996. 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, Elizabeths Early Learning Center Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeths Early Learning Center 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, Elizabeths Early Learning Center Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 7.2% 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
TO PROVIDE EVERY CHILD WITH AFFECTIONATE AND PERSONALIZED CARE IN A SAFE ENVIRONMENT. WE FOCUS ON PROVIDING FOR THE PHYSICAL, SOCIAL, EMOTIONAL, AND COGNITIVE DEVELOPMENT NEEDS OF CHILDREN IN AN AGE-APPROPRIATE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY DAY CARE TO CHILDREN FROM EVERY SOCIOECONOMIC CLASS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Gerdy Executive Director | Officer | 40 | $69,711 |
Hb Hunter Treasurer | OfficerTrustee | 5 | $0 |
Dr Edward Polloway President | OfficerTrustee | 5 | $0 |
Beverly Blair Vice President | OfficerTrustee | 5 | $0 |
Catherine Brown Secretary | OfficerTrustee | 5 | $0 |
Thomas Bentson Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,952 |
| Noncash contributions included in lines 1a–1f | $30,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $764,206 |
| Total Program Service Revenue | $1,936,060 |
| Investment income | $186,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $343,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,230,012 |
| 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. | $70,406 |
| Compensation of current officers, directors, key employees. | $12,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,496,085 |
| Pension plan accruals and contributions | $8,279 |
| Other employee benefits | $36,443 |
| Payroll taxes | $117,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,220 |
| Fees for services: Accounting | $5,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,328 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,000 |
| Travel | $0 |
| 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 | $106,049 |
| Insurance | $35,694 |
| All other expenses | $74,306 |
| Total functional expenses | $2,393,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,871 |
| Savings and temporary cash investments | $375,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,653 |
| 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 | $16,165 |
| Net Land, buildings, and equipment | $2,036,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,588,886 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,131,409 |
| Accounts payable and accrued expenses | $46,864 |
| Grants payable | $0 |
| Deferred revenue | $42,329 |
| 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 | $31,469 |
| Total liabilities | $120,662 |
| Net assets without donor restrictions | $3,539,537 |
| Net assets with donor restrictions | $7,471,210 |
| 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 | $11,131,409 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Elizabeths Early Learning Center Inc has recieved totaling $357,271.
| Awarding Organization | Amount |
|---|---|
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: ANNUAL DONOR-DESIGNATED GRANT; FLOORING PROJECT | $305,339 |
Centra Health Inc Lynchburg, VA PURPOSE: Youth Svcs | $22,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $21,000 |
Watt Foster Family Foundation Brookneal, VA PURPOSE: OPERATIONAL EXPENSES | $5,000 |
Carrington Family Foundation Lynchburg, VA PURPOSE: OPERATIONAL EXPENSES | $2,000 |
Kva Foundation Lynchburg, VA PURPOSE: EDUCATIONAL | $1,000 |
Endowment Analysis
| Beg. Balance | $6,040,959 |
| Earnings | $1,473,671 |
| Admin Expense | $90,328 |
| Net Contributions | $45 |
| Other Expense | $299,054 |
| Ending Balance | $7,125,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Georgetown Hill Child Care Center Inc Montgomery Village, MD | $9,950,402 | $20,593,536 |
Centronia Washington, DC | $17,606,173 | $16,952,822 |
Child Care Resources Inc Charlotte, NC | $14,134,148 | $14,856,531 |
The Childrens Center Franklin, VA | $3,548,502 | $14,069,816 |
Campagna Center Inc Alexandria, VA | $7,278,188 | $13,190,790 |
Child Care Resources Inc Richmond, VA | $3,029,926 | $11,141,593 |
Positively Living Inc Knoxville, TN | $4,436,601 | $10,571,861 |
Southwestern Child Development Commission Inc Webster, NC | $5,030,316 | $8,632,437 |
Kids After Hours Child Care Centers Rockville, MD | $714,700 | $7,688,874 |
Bright Beginnings Inc Washington, DC | $12,885,067 | $9,346,448 |