Porter-Leath
- Assets
- $49.0m
- Revenue
- $36.2m
- Investments
- $0.0
- Employees
- 720
- Location
- Memphis, TN
- Founding
- 10/1951
- Data as of
- 06/2022
- EIN
- 58-1409385
Organization Overview
Porter-Leath is located in Memphis, TN. The organization was established in 1951. 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 06/2022, Porter-Leath employed 720 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porter-Leath 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 06/2022, Porter-Leath generated $36.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $31.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING CHILDREN AND FAMILIES TO ACHIEVE A HEALTHY, OPTIMAL AND INDEPENDENT LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY HEAD START - PROVIDES QUALITY PRESCHOOL EDUCATION AND SUPPORTIVE WRAPAROUND SERVICES FOR ELIGIBLE CHILDREN AGES SIX-WEEKS TO THREE. ALSO PROVIDES IN-HOME PRENATAL SERVICES FOR PREGNANT MOTHERS AND FAMILIES.
PORTER-LEATH PRESCHOOL - PROVIDES QUALITY PRESCHOOL EDUCATION AND SUPPORTIVE WRAPAROUND SERVICES FOR ELIGIBLE FOUR-YEAR-OLD CHILDREN.
NEXT MEMPHIS - A SHARED SERVICE PROGRAM MODEL THAT HELPS INDEPENDENT CHILD CARE PROVIDERS REDUCE COSTS AND IMPROVE OUTCOMES, SO THAT THEY CAN DIRECT MORE OF THEIR ATTENTION AND RESOURCES INTO THE CLASSROOM AND TO FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Lee Agency President | Officer | 37.5 | $238,324 |
Karen Harrell Sr. Vice President Of Early Ch | Officer | 37.5 | $129,506 |
Paul Makris CFO | Officer | 37.5 | $123,742 |
Kelley Nichols Vice President Of Early Ch | Officer | 37.5 | $107,218 |
Dennis Fleming VP Of Social Services | Officer | 37.5 | $95,960 |
Rob Hughes VP Of Development | Officer | 37.5 | $94,326 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flintco Inc Construction | 6/29/22 | $6,520,943 |
Kaplan Early Learning Company Educational | 6/29/22 | $515,360 |
Southwest Tennessee Community College Educational | 6/29/22 | $465,164 |
Blusky Restoration Contractors Llc Construction | 6/29/22 | $463,549 |
Governors Early Literacy Foundation Educational | 6/29/22 | $493,191 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $302,500 |
| Membership dues | $0 |
| Fundraising events | $448,610 |
| Related organizations | $0 |
| Government grants | $11,673,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,932,662 |
| Noncash contributions included in lines 1a–1f | $57,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,357,037 |
| Total Program Service Revenue | $7,952,733 |
| Investment income | $25,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,095 |
| Net Gain/Loss on Asset Sales | $38,522 |
| Net Income from Fundraising Events | -$306,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,176,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121,793 |
| 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. | $397,409 |
| Compensation of current officers, directors, key employees. | $397,409 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,285,534 |
| Pension plan accruals and contributions | $254,451 |
| Other employee benefits | $2,106,820 |
| Payroll taxes | $1,273,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $306,955 |
| Advertising and promotion | $147,500 |
| Office expenses | $338,181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,432,353 |
| Travel | $137,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,046,169 |
| Insurance | $239,655 |
| All other expenses | $1,059,757 |
| Total functional expenses | $31,336,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,570,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,897,740 |
| 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 | $117,332 |
| Net Land, buildings, and equipment | $37,370,295 |
| Investments—publicly traded securities | $3,091,823 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,048,141 |
| Accounts payable and accrued expenses | $2,429,154 |
| 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 | $2,429,154 |
| Net assets without donor restrictions | $40,342,892 |
| Net assets with donor restrictions | $6,276,095 |
| 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 | $49,048,141 |
Grants Awarded
Over the last fiscal year, Porter-Leath has awarded $121,793 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GATEWAY PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATIONAL VALUE OF THE CENTER. | $22,995 |
YALE ROAD PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATIONAL VALUE OF THE CENTER. | $20,326 |
LAMBS AND IVY PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATIONAL VALUE OF THE CENTER. | $17,816 |
CALVARY PLACE PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATIONAL VALUE OF THE CENTER. | $16,000 |
KIDAZZLE PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATIONAL VALUE OF THE CENTER. | $15,216 |
Memphis, TN PURPOSE: ENHANCE THE QUALITY, SAFETY OR EDUCATIONAL VALUE OF THE CENTER. | $15,160 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Porter-Leath has recieved totaling $9,417,725.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $8,134,114 |
The Urban Child Institute Memphis, TN PURPOSE: PROGRAM SUPPORT | $383,795 |
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $336,509 |
Turley Foundation Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $160,286 |
Fleetwood Foundation Inc Memphis, TN PURPOSE: BOOKS FROM BIRTH | $100,000 |
Crawford Howard Private Foundation Palm Beach, FL PURPOSE: CHARITABLE EXEMPT PURPOSE | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute Of Community Services Incorporated Holly Springs, MS | $9,988,198 | $44,765,100 |
Child Care Services Association Chapel Hill, NC | $9,435,676 | $35,180,731 |
Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Children And Families First Greensboro, NC | $16,601,119 | $28,435,944 |
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Child Care Resources Inc Charlotte, NC | $14,134,148 | $14,856,531 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
The Childrens Center Franklin, VA | $3,548,502 | $14,069,816 |
Gulf Regional Early Childhood Services Inc Mobile, AL | $4,519,682 | $13,000,222 |
Campagna Center Inc Alexandria, VA | $7,278,188 | $13,190,790 |
Child Care Resources Inc Richmond, VA | $3,029,926 | $11,141,593 |