Welbourne Ave Nursery & Kindergarten Inc
- Assets
- $769.7k
- Revenue
- $908.3k
- Investments
- $0.0
- Employees
- 40
- Location
- Winter Park, FL
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 59-0704742
Organization Overview
Welbourne Ave Nursery & Kindergarten Inc is located in Winter Park, FL. The organization was established in 1976. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Welbourne Ave Nursery & Kindergarten Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welbourne Ave Nursery & Kindergarten 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, Welbourne Ave Nursery & Kindergarten Inc generated $908.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $785.4k during the year ending 12/2021. While expenses have increased by 12.0% 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 QUALITY, AFFORDABLE CHILD CARE AND PRESCHOOL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FULL SERVICE CHILDCARE AND PRESCHOOL EDUCATION PROGRAM TO AN AVERAGE OF 50 CHILDREN ON A FULL YEAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Baldwin Chairman | OfficerTrustee | 20 | $0 |
Elizabeth Smith Assistant Ch | OfficerTrustee | 20 | $0 |
Raymond Knopke Treasurer | OfficerTrustee | 2 | $0 |
Kate Byrne Secretary | OfficerTrustee | 5 | $0 |
Lee Rambeau Director | Trustee | 2 | $0 |
Roxwell Robinson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,589 |
| Total Program Service Revenue | $479,816 |
| 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 | $166,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,349 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $546,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,071 |
| Advertising and promotion | $0 |
| Office expenses | $11,676 |
| Information technology | $2,360 |
| Royalties | $0 |
| Occupancy | $63,381 |
| 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 | $25,951 |
| Insurance | $20,813 |
| All other expenses | $0 |
| Total functional expenses | $785,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,022 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,524 |
| 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 |
| Net Land, buildings, and equipment | $230,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $769,716 |
| Accounts payable and accrued expenses | $3,379 |
| Grants payable | $0 |
| Deferred revenue | $51,318 |
| 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 | $11,766 |
| Total liabilities | $66,463 |
| Net assets without donor restrictions | $580,753 |
| Net assets with donor restrictions | $122,500 |
| 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 | $769,716 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Welbourne Ave Nursery & Kindergarten Inc has recieved totaling $83,505.
| Awarding Organization | Amount |
|---|---|
Elizabeth Morse Genius Foundation Winter Park, FL PURPOSE: TUITION ASSISTANCE AND COVID SUPPLIES | $64,000 |
James T And Diana P Barnesfoundation Inc Winter Park, FL PURPOSE: DONATION TO GENERAL FUND | $10,000 |
Violet And Harold Jaeke Foundation Inc Winter Park, FL PURPOSE: EDUCATION OF UNDERPRIVILEGED CHILDREN | $5,000 |
The Dr P Phillips Foundation Orlando, FL PURPOSE: PROGRAM SUPPORT - EDUCATION | $3,000 |
Larry E Williams & Joyce M Williams Private Foundation Inc Winter Park, FL PURPOSE: DONATION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orange County School Readiness Coalition Orlando, FL | $11,104,395 | $96,605,427 |
Aaa Scholarship Foundation Inc Tampa, FL | $113,422,809 | $128,005,629 |
Advantage Academy Of Miami Inc Coral Springs, FL | $84,964,463 | $47,818,092 |
Early Learning Coalition Of North Florida Inc St Augustine, FL | $2,511,056 | $46,500,622 |
Early Learning Coalition Of The Big Bend Region Inc Tallahassee, FL | $3,517,210 | $28,785,709 |
The Sheltering Arms Atlanta, GA | $37,115,971 | $26,836,460 |
Early Learning Coalition Of Manatee County Inc Palmetto, FL | $3,933,287 | $24,367,222 |
Early Learning Coalition Of Alachua County Inc Gainesville, FL | $2,583,138 | $21,532,954 |
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |