Mece Inc
- Assets
- $570.1k
- Revenue
- $768.6k
- Investments
- $0.0
- Employees
- 31
- Location
- Boca Raton, FL
- Founding
- 02/1979
- Data as of
- 06/2024
- EIN
- 59-1483850
Organization Overview
Mece Inc is located in Boca Raton, FL. The organization was established in 1979. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Mece Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mece 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 06/2024, Mece Inc generated $768.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $801.2k during the year ending 06/2024. While expenses have increased by 5.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EARLY CHILDHOOD EDUCATION ON A NON-PROFIT BASIS UTILIZING METHODIST FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lauri Director | Trustee | 2 | $0 |
Christine Panoch Presisent | OfficerTrustee | 2 | $0 |
Lee Ritenbaugh Director | Trustee | 2 | $0 |
Pat Eddinger Director | Trustee | 2 | $0 |
Craig Nelson Director | Trustee | 2 | $0 |
Jane Dent Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,118 |
| Total Program Service Revenue | $667,153 |
| Investment income | $2,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $768,644 |
| 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. | $69,802 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,252 |
| Pension plan accruals and contributions | $6,421 |
| Other employee benefits | $0 |
| Payroll taxes | $39,631 |
| 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 | $0 |
| Advertising and promotion | $7,658 |
| Office expenses | $3,799 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,145 |
| 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 | $0 |
| Insurance | $1,558 |
| All other expenses | $7,352 |
| Total functional expenses | $801,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,426 |
| Savings and temporary cash investments | $245,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,626 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $570,052 |
| Accounts payable and accrued expenses | $4,600 |
| 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 | $4,600 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $565,452 |
| Total liabilities and net assets/fund balances | $570,052 |