Moody Early Childhood Center
- Assets
- $9.7m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 130
- Location
- Galveston, TX
- Founding
- 05/2016
- Data as of
- 08/2021
- 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 08/2021, Moody Early Childhood Center employed 130 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 08/2021, Moody Early Childhood Center generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $5.8m during the year ending 08/2021. While expenses have increased by 21.9% per year over the past 5 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
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 |
|---|---|---|---|
Karin S Miller Executive Director | Officer | 40 | $152,741 |
Jeri Kinnear Vice President | OfficerTrustee | 5 | $0 |
John Prochaska Secretary | OfficerTrustee | 5 | $0 |
Angela Brown Treasurer | OfficerTrustee | 10 | $0 |
Betty Massey President | OfficerTrustee | 5 | $0 |
Erica Adams Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $684,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,411,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,096,519 |
| Total Program Service Revenue | $1,795,601 |
| Investment income | $2,139 |
| 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 | $9,538,559 |
| 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 | $3,171,411 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $590,895 |
| Payroll taxes | $31,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,449 |
| Fees for services: Accounting | $74,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,938 |
| Advertising and promotion | $13,245 |
| Office expenses | $16,139 |
| Information technology | $13,941 |
| Royalties | $0 |
| Occupancy | $1,227,406 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,762 |
| Insurance | $39,965 |
| All other expenses | $81,727 |
| Total functional expenses | $5,834,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $948,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,739,025 |
| Accounts receivable, net | $303,830 |
| 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 | $24,488 |
| Net Land, buildings, and equipment | $650,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,666,178 |
| Accounts payable and accrued expenses | $24,025 |
| 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 | $916,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,405 |
| Total liabilities | $1,022,530 |
| Net assets without donor restrictions | $8,573,649 |
| Net assets with donor restrictions | $69,999 |
| 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 | $9,666,178 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Moody Early Childhood Center has recieved totaling $185,034.
| Awarding Organization | Amount |
|---|---|
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX PURPOSE: Equity Access Scholarship Fund | $150,000 |
United Way Of Galveston Inc Galveston, TX PURPOSE: GENERAL SUPPORT | $14,960 |
The Mary Moody Northern Endowment Galveston, TX PURPOSE: GENERAL | $10,000 |
Albert And Ethel Herzstein Charitable Foundation Houston, TX PURPOSE: TOWARDS SUPPORT OF THE EQUITY ACCESS SCHOLARSHIP FUND. | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |
The Fay School Houston, TX | $22,159,376 | $8,809,137 |
Manara Academy Inc Irving, TX | $8,798,119 | $7,313,954 |