Early Education And Care Inc
- Assets
- $7.9m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 198
- Location
- Panama City, FL
- Founding
- 11/1972
- Data as of
- 06/2021
- EIN
- 59-1376048
Organization Overview
Early Education And Care Inc is located in Panama City, FL. The organization was established in 1972. 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 06/2021, Early Education And Care Inc employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Early Education And Care 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 06/2021, Early Education And Care Inc generated $6.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $8.2m during the year ending 06/2021. 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
THE MISSION OF EARLY EDUCATION AND CARE, INC. (EEC) IS TO SUPPORT AND PROVIDE QUALITY CARE AND EDUCATION FOR CHILDREN, FAMILIES, AND CHILD CARE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START - TO PROVIDE EDUCATIONAL SERVICES TO QUALIFYING RESIDENTS OF BAY COUNTY, FLORIDA. APPROXIMATELY 686 CHILDREN ARE SERVED IN THE HEAD START PROGRAM AND EARLY HEAD START PROGRAM.
COST REIMBURSEMENT PROGRAM
FOOD PROGRAM - PROVIDE FOOD SERVICES FOR HEAD START AND CERTAIN SUBCONTRACTED CHILD CARE CENTERS. APPROXIMATELY 715 CHILDREN ARE SERVED.
HEAD START - TO PROVIDE EDUCATIONAL SERVICES TO QUALIFYING RESIDENTS OF BAY COUNTY, FLORIDA. APPROXIMATELY 686 CHILDREN ARE SERVED IN THE HEAD START PROGRAM AND EARLY HEAD START PROGRAM.
COST REIMBURSEMENT PROGRAM
FOOD PROGRAM - PROVIDE FOOD SERVICES FOR HEAD START AND CERTAIN SUBCONTRACTED CHILD CARE CENTERS. APPROXIMATELY 715 CHILDREN ARE SERVED.
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 |
|---|---|---|---|
Sabara Quinn Executive Director | OfficerTrustee | 40 | $95,453 |
Todd Brister President | OfficerTrustee | 4 | $0 |
Erica Lester Treasurer | OfficerTrustee | 4 | $0 |
Marilyn Fenimore Secretary | OfficerTrustee | 4 | $0 |
Kristian Chapman Vice President | OfficerTrustee | 4 | $0 |
Irene Field Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Hancock Investment Management Service | 6/29/21 | $328,820 |
Hurri-clean Emergency Service Contractor | 6/29/21 | $316,208 |
Rostan Solutions Emergency Service Contractor | 6/29/21 | $234,466 |
Vba Design Architectural And Interior Design Servic | 6/29/21 | $265,663 |
John Wayne Construction Construction Company | 6/29/21 | $231,937 |
John Hancock Investment Management Service | 6/29/21 | $328,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,229 |
| Membership dues | $216,954 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,864,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,477,596 |
| Total Program Service Revenue | $0 |
| Investment income | $11,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$838,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,650,931 |
| 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 | $3,917,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,367,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,797 |
| Fees for services: Accounting | $44,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,316 |
| Advertising and promotion | $5,051 |
| Office expenses | $14,642 |
| Information technology | $100,444 |
| Royalties | $0 |
| Occupancy | $255,817 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $76,742 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $459,414 |
| Insurance | $168,311 |
| All other expenses | $217,756 |
| Total functional expenses | $8,239,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,497 |
| Savings and temporary cash investments | $221,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $702,891 |
| 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 | $134,702 |
| Net Land, buildings, and equipment | $6,107,915 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,475 |
| Total assets | $7,887,030 |
| Accounts payable and accrued expenses | $1,625,606 |
| Grants payable | $0 |
| Deferred revenue | $38,943 |
| 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 | $1,664,549 |
| Net assets without donor restrictions | $6,098,399 |
| Net assets with donor restrictions | $124,082 |
| 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 | $7,887,030 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Early Education And Care Inc has recieved totaling $25,589.
| Awarding Organization | Amount |
|---|---|
Save The Children Federation Inc Fairfield, CT PURPOSE: HUMANITRIAN ACTIVITY | $16,217 |
United Way Of Northwest Florida Panama City, FL PURPOSE: ALLOCATION | $9,372 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
R Club Child Care Inc St Petersburg, FL | $18,176,880 | $19,595,312 |
Family Central Inc Ft Lauderdale, FL | $4,010,498 | $16,912,867 |
Childrens Forum Inc Tallahassee, FL | $5,733,267 | $15,389,611 |
Centro Mater Child Care Servicesinc Lauderdale Lakes, FL | $3,264,997 | $12,190,582 |
Gulf Regional Early Childhood Services Inc Mobile, AL | $4,519,682 | $13,000,222 |
Assistance Unlimited Inc Lauderdale Lakes, FL | $14,917,830 | $14,034,670 |
Child Care Of Southwest Florida Inc Ft Myers, FL | $4,237,848 | $11,344,922 |
Community Childcare Food Supplement Inc Savannah, GA | $1,811,584 | $9,216,213 |
Early Education And Care Inc Panama City, FL | $7,887,030 | $6,650,931 |
Childcare Resources Birmingham, AL | $765,038 | $7,739,319 |
Florence Fuller Child Development Centers Inc Boca Raton, FL | $9,224,394 | $8,503,035 |