Apseed Early Childhood Education Inc
- Assets
- $1.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-3311675
Organization Overview
Apseed Early Childhood Education Inc is located in Salisbury, NC. The organization was established in 2016. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apseed Early Childhood Education 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 12/2023, Apseed Early Childhood Education Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.7% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERED WITH ROWAN COUNTY NC SCHOOL SYSTEM TO DISTRIBUTE SEEDLINGS VIA NC PRE-K PROGRAMS
PARTNERED WITH YADKIN COUNTY NC SCHOOL SYSTEM TO DISTRIBUTE SEEDLINGS VIA NC PRE-K PROGRAMS
PARTNERED WITH UNION COUNTY NC SCHOOL SYSTEM TO DISTRIBUTE SEEDLINGS VIA NC PRE-K PROGRAMS
PARTNERED WITH OTHER NC, SC AND NY SCHOOL SYSTEMS TO DISTRIBUTE SEEDLINGS VIA NC PRE-K PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Alcorn Chair | 40 | $185,000 | |
Missie Alcorn Board Member | 2 | $0 | |
Greg Dunn Board Member | 2 | $0 | |
Beverly Hamilton Board Member | 2 | $0 | |
Dr Catrelia Hunter Board Member | 2 | $0 | |
Tony Leach Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,838,263 |
| Interest on Savings | $547 |
| Dividends & Interest | $40,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,378 |
| Capital Gain Net Income | $2,378 |
| Net ST Capital Gain | $2,378 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,770 |
| Total Revenue | $1,883,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $185,000 |
| Other employee salaries and wages | $160,673 |
| Pension plans, employee benefits | $21,305 |
| Interest | $0 |
| Taxes | $24,906 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,523 |
| Printing and publications | $0 |
| Other expenses | $1,047,626 |
| Total operating and administrative expenses | $1,838,269 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $1,839,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,417 |
| Savings and temporary cash investments | $1,559,429 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,615,846 |
| Accounts payable and accrued expenses | $5,529 |
| Grants payable | $0 |
| Deferred revenue | $689,631 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $695,160 |