Educare Of Omaha Inc
- Assets
- $17.5m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 343
- Location
- Omaha, NE
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 80-0015385
Organization Overview
Educare Of Omaha Inc is located in Omaha, NE. The organization was established in 2002. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2022, Educare Of Omaha Inc employed 343 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educare Of Omaha 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 12/2022, Educare Of Omaha Inc generated $15.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $16.8m during the year ending 12/2022. While expenses have increased by 13.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL AND DEVELOPMENTAL PROGRAMS TO AT-RISK CHILDREN FROM BIRTH TO FIVE YEARS MEETING DESIGNATED CRITERIA, WITHIN THE OMAHA METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCARE OPERATES THREE EARLY LEARNING CENTERS THAT PROVIDE DATA-DRIVEN PRACTICES, ONGOING PROFESSIONAL DEVELOPMENT, HIGH-QUALITY TEACHING PRACTICES AND INTENSIVE FAMILY ENGAGEMENT. EDUCARE WILL SERVE AS THE FIRST STAGE OF BIRTH TO THREE FOR SOME OF OMAHA'S MOST AT-RISK YOUNG CHILDREN AND FAMILIES, WITH SPECIAL FOCUS ON THE UNDERSERVED POPULATION OF OMAHA.
PROGRAM OPERATION: OPERATE EARLY CHILDHOOD PROGRAMS FOCUSING ON DEVELOPMENT OF LITERACY SKILLS AND IDENTIFICATION OF DEVELOPMENTAL PROBLEMS FOR CHILDREN AT-RISK. LONGITUDINAL RESEARCH: TO DETERMINE THE VALUE OF THIS PROGRAM IN CONJUNCTION WITH THE UNIVERSITY OF NORTH CAROLINA. PARTNERSHIP BUILDING: FORM EFFECTIVE PARTNERSHIPS BETWEEN OMAHA PUBLIC SCHOOLS AND OMAHA PUBLIC SCHOOLS HEAD START, AND MODEL THE PROGRAM AFTER CHICAGO'S EDUCARE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Rasmussen President | OfficerTrustee | 1 | $0 |
Don Erikson Vice President/treasurer | OfficerTrustee | 1 | $0 |
Tina Ames Secretary | OfficerTrustee | 1 | $0 |
Eric Buchanan Director | Trustee | 1 | $0 |
Debora Wisneski Director | Trustee | 1 | $0 |
Y Kamaal Patterson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,335,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,889,961 |
| Noncash contributions included in lines 1a–1f | $1,004,376 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,225,820 |
| Total Program Service Revenue | $3,960,128 |
| Investment income | $27,862 |
| 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 | $15,213,810 |
| 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. | $271,374 |
| Compensation of current officers, directors, key employees. | $271,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,724,037 |
| Pension plan accruals and contributions | $205,963 |
| Other employee benefits | $1,254,816 |
| Payroll taxes | $815,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,389 |
| Fees for services: Accounting | $59,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,004,551 |
| Advertising and promotion | $19,299 |
| Office expenses | $544,247 |
| Information technology | $40,704 |
| Royalties | $0 |
| Occupancy | $201,126 |
| Travel | $237,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,884 |
| Interest | $207,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,953 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,774,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,078,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,850,376 |
| Accounts receivable, net | $500,000 |
| 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 | $14,164 |
| Net Land, buildings, and equipment | $74,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,957,005 |
| Total assets | $17,473,873 |
| Accounts payable and accrued expenses | $1,157,233 |
| 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 | $1,157,233 |
| Net assets without donor restrictions | $13,202,579 |
| Net assets with donor restrictions | $3,114,061 |
| 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 | $17,473,873 |