Early Learning Property Management Inc

Organization Overview

Early Learning Property Management Inc is located in Atlanta, GA. The organization was established in 2000. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Early Learning Property Management Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Early Learning Property Management 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 12/2023, Early Learning Property Management Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 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.

Since 2022, Early Learning Property Management Inc has awarded 31 individual grants totaling $1,521,720. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE CLASSROOMS FOR EARLY LEARNING PROGRAMS HELPING DISADVANTAGED YOUTH IN GEORGIA THROUGH THE PURCHASE OR LEASE AND RENOVATION OR CONSTRUCTION OF CLASSROOM FACILITIES. THE FACILITIES ARE LEASED AT A BELOW-MARKET RATE TO EARLY LEARNING PROGRAMS, SUCH AS HEADSTART, THAT ARE 501(C)(3) ORGANIZATIONS. FACILITIES MAY ALSO BE PROVIDED TO EARLY LEARNING PROGRAMS THROUGH SALES, DIRECT FINANCING LEASES, OR DEVELOPMENT/CONSTRUCTION AGREEMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PERFORMS TWO RELATED FUNCTIONS. THE FIRST IS TO PURCHASE OR BUILD FACILITIES FOR EARLY LEARNING PROGRAMS RUN BY 501(C)(3) ORGANIZATIONS, SUCH AS HEADSTART. AS OF DECEMBER 31, 2023, THE ORGANIZATION HAS COMPLETED ELEVEN CONSTRUCTION/RENOVATION PROJECTS. UPON COMPLETION OF THE CONSTRUCTION/RENOVATION, THE PROPERTIES ARE LEASED AT A BELOW-MARKET RENT TO 501(C)(3) ORGANIZATIONS WHICH PROVIDE EARLY LEARNING PROGRAMS. SUCH RENT COVERS THE COSTS OF LEASING AND MAINTAINING THE FACILITIES AS WELL AS FUTURE CAPITAL IMPROVEMENTS. AS OF DECEMBER 31, 2023, THE ORGANIZATION HAS LEASED THE ELEVEN COMPLETED PROJECTS. IN 2023, TEN NEW FACILITIES PROJECTS WERE INITIATED.


DURING 2021, THE ORGANIZATION BEGAN A NEW PROGRAM, QUALITY FACILITIES INITIATIVE, AND COLLABORATED WITH GEEARS, THE GEORGIA EARLY EDUCATION ALLIANCE FOR READY STUDENTS, INC. IN ITS PAACT PROGRAM TO HELP EARLY CHILDHOOD EDUCATION PROVIDERS IMPROVE THE QUALITY OF EARLY LEARNING ENVIRONMENTS BY MAKING GRANTS AVAILABLE FOR SMALL CAPITAL AND MAINTENANCE PROJECTS FOR EXISTING EARLY LEARNING FACILITIES. THE ORGANIZATION WILL USE ITS EXTENSIVE KNOWLEDGE REGARDING THE CONSTRUCTION/RENOVATION OF EARLY LEARNING FACILITIES TO OVERSEE THE CAPITAL AND MAINTENANCE PROJECTS ON BEHALF OF THE GRANT RECIPIENTS.


THE SIBLEY GRANT IS A COMPETITION BETWEEN ONLY THE ELPM CENTERS AS DEEMED BY THE ORIGINAL GIFTING FUNDERS: THE HARLAND FOUNDATION ($100,000) AND THE PITTULLOCH FOUNDATION ($100,000). EACH YEAR THE ELPM CENTERS COMPETE FOR THIS GRANT TO INTRODUCE A NEW PROGRAM TO THEIR EXISTING PROGRAM SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Kara Portnell
Executive Director
$154,167
David F Haddow
Chairman
$0
Dave Mathews
Finance Committee Chair
$0
Jim Beaty
Secretary
$0
Mary Pat Crouch
Trustee
$0
Gail Edwards
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Level Construction Srvcs Inc
Building Construction
$494,490
Banner Services Group Llc
Construction
$346,541
Maxair Mechanical
Hvac Work
$375,253
Site Specialties
Building Construction
$156,303
Lanier Plans Inc Dba Kor Kat
Construction
$130,762
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$1,500,000
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$76,516
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,576,516
Total Program Service Revenue$1,503,067
Investment income $225,593
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $107,064
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,413,740

Grants Awarded

Over the last fiscal year, Early Learning Property Management Inc has awarded $875,665 in support to 18 organizations.

Grant RecipientAmount

PREMIER ACADEMY

PURPOSE: PROGRAM SUPPORT

$15,000

KALE ACADEMY

PURPOSE: QUALITY FACILITIES INITIATIVE

$60,186

FUTURE LEADERS

PURPOSE: QUALITY FACILITIES INITIATIVE

$53,514

LOVING CARE DAYCARE CENTER

PURPOSE: QUALITY FACILITIES INITIATIVE

$83,645

NORTHWEST YOUTH POWER

PURPOSE: QUALITY FACILITIES INITIATIVE

$37,539

HOLLYWOOD DAYCARE CENTER

PURPOSE: QUALITY FACILITIES INITIATIVE

$134,275
View Grant Profile

Peer Organizations

Organization NameAssets
Vsu Auxiliary Services Real Estatefoundation Inc
Valdosta, GA
$10,158,393
Aldersgate Life Plan Services Inc
Charlotte, NC
$5,845,196
Early Learning Property Management Inc
Atlanta, GA
$3,413,740
230 John Wesley Dobbs Boulevard Ventures Inc
Atlanta, GA
$1,758,319
Holston Home For Children Foundation Inc
Greeneville, TN
$2,366,848
Lotus Endowment Fund Inc
Miami Beach, FL
$9,179,759
Suncoast Manor Foundation Inc
Orlando, FL
$1,586,178
Lotus Supporting Foundation Inc
Miami Beach, FL
$178,226
Bright Community Trust Inc
Port Richey, FL
$2,078,755
Deerfield Charitable Foundation
Asheville, NC
$811,681
Local Community Housing Corporation
Tarpon Springs, FL
$535,838
Penick Village Foundation Inc
Southern Pines, NC
$1,792,416
Lhanc Real Estate Holdings Inc
Miami, FL
$889,000
Baptist Retirement Homes Foundation
Winston Salem, NC
$4,268,416
Coker College Properties
Hartsville, SC
$221,260
Eagle Rock Boys Home
Gadsden, AL
$488,948
Washington Housing Nonprofit Inc Marc A Recko
Washington, NC
$470,647
Covington Voa Elderly Housing Inc
Mobile, AL
$219,018
Smh Properties Of Southwest Florida Inc
Naples, FL
$581,972
Carol Woods Charitable Fund Inc
Chapel Hill, NC
$247,300
Golden Oaks Apartments Inc
Cookeville, TN
$115,540
Dreamkey Partners Mortgage Inc
Charlotte, NC
$128,546
Sharon Towers Foundation
Charlotte, NC
$1,030,310
Nrm Support Corporation
Nashville, TN
$11,516,189
Prospect Housing Dekalb
Lebanon, TN
$31,609

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