Moody Early Childhood Center
- Assets
- $6.7m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 161
- Location
- Galveston, TX
- Founding
- 05/2016
- Data as of
- 08/2023
- EIN
- 81-0983392
Organization Overview
Moody Early Childhood Center is located in Galveston, TX. The organization was established in 2016. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, Moody Early Childhood Center employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moody Early Childhood Center 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 08/2023, Moody Early Childhood Center generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $6.7m during the year ending 08/2023. While expenses have increased by 17.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GIVING EVERY GALVESTON CHILD THE OPPORTUNITY TO SOAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN EARLY CHILDHOOD EDUCATION AND DEVELOPMENT CENTER PROVIDING YEAR-ROUND CHILD CARE FOR CHILDREN 6 WEEKS TO 3 YEARS OF AGE. WE ARE A MIXED INCOME SETTING WITH APPROXIMATELY 70% OF OUR CHILDREN RECEIVING SUBSIDIES FOR TUITION. OUR TEACHERS ARE HIGHLY TRAINED AND CERTIFIED, PROVIDING A LEARNING EXPERIENCE IN A PLAY BASED ENVIRONMENT. WE PROVIDE FAMILY ENGAGEMENT SPECIALISTS TO WORK WITH THE CHILD AND PARENTS IN AREAS OF PARENTING, EMPLOYMENT AND ANY CHILD'S HEALTH CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Massey President | OfficerTrustee | 5 | $0 |
Jeri Kinnear Vice President | OfficerTrustee | 5 | $0 |
John Prochaska Secretary | OfficerTrustee | 5 | $0 |
Angela Brown Treasurer | OfficerTrustee | 10 | $0 |
Erica Adams Member | Trustee | 2 | $0 |
Weez Doherty Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $794,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,980,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,774,775 |
| Total Program Service Revenue | $1,704,792 |
| Investment income | $137,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,470,175 |
| 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 | $4,556,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $217,783 |
| Advertising and promotion | $15,408 |
| Office expenses | $10,265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,146,025 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,077 |
| Insurance | $43,089 |
| All other expenses | $83,102 |
| Total functional expenses | $6,694,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,205,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,805,692 |
| Accounts receivable, net | $118,426 |
| 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 | $28,971 |
| Net Land, buildings, and equipment | $481,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,430 |
| Total assets | $6,747,146 |
| Accounts payable and accrued expenses | $10,620 |
| 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 | $744,779 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,781 |
| Total liabilities | $831,180 |
| Net assets without donor restrictions | $5,634,581 |
| Net assets with donor restrictions | $281,385 |
| 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 | $6,747,146 |