Loyola Early Learning Center Inc
- Assets
- $863.2k
- Revenue
- $863.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/1946
- Data as of
- 12/2016
- EIN
- 81-3725495
Organization Overview
Loyola Early Learning Center Inc is located in Baltimore, MD. The organization was established in 1946. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Loyola Early Learning Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE LOYOLA EARLY LEARNING CENTER IS A PARISH PRESCHOOL DAYCARE CENTER AND EARLY CHILDHOOD EDUCATION PROGRAM, ROOTED IN A CATHOLIC JESUIT TRADITION OF PERSONAL CARE, LEARNING AND SPIRITUAL GROWTH, WHICH SERVES EARLY CHILDHOOD BOYS AND GIRLS FROM ALL INCOME LEVELS THE YEAR ROUND. THIS HIGH QUALITY PRESCHOOL LEARNING CENTER PROVIDES LONG TERM BENEFITS FOR A DIVERSE GROUP OF TWO TO FIVE YEAR OLD CHILDREN FROM THE CITY OF BALTIMORE. THE LEARNING CENTER FOCUSES ON THE HOLISTIC DEVELOPMENT OF CHILDREN------ PHYSICAL, EMOTIONAL, COGNITIVE, CREATIVE, SOCIAL, BEHAVIORAL AND SPIRITUAL. THE MAJORITY OF THE STUDENTS ARE FROM LOW INCOME FAMILIES. SCHOLARSHIPS ARE AVAILABLE FOR CHILDREN FROM SUCH FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LELC WILL OPEN ON SEPTEMBER 10TH TO PROVIDE PRESCHOOL CHILDREN FROM LOW INCOME FAMILIES IN BALTIMORE CITY WITH A HIGH QUALITY EARLY EDUCATION PROGRAM THAT WILL GREATLY INCREASE THEIR POTENTIAL FOR FUTURE ACADEMIC SUCCESS. ELEVEN FOUNDERS HAVE PROVIDED FUNDS FOR BOTH SCHOOL RENOVATIONS AND OPERATING EXPENSES. CONSTRUCTION WORK ON THE SITE IS FULLY UNDERWAY. A FULL TIME DIRECTOR AND EXECUTIVE ASSISTANT HAVE BEEN HIRED. WE ARE PREPARING TO HIRE OUR FIRST TEACHERS AND TEACHERS AIDS. SEVERAL FAMILIES HAVE ALREADY APPLIED FOR ADMISSION OF THEIR CHILDREN. MANY GENEROUS DONORS HAVE AGREED TO SPONSOR A STUDENT THROUGH THE THREE YEAR PROGRAM SO THAT OUR STUDENTS FROM LOW INCOME FAMILIES WILL HAVE A SCHOLARSHIP SPONSOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Cameron Vice President | Officer | 10 | $0 |
Rev William J Watters Sj President | Officer | 20 | $0 |
Beverly A Cooper Secretary | Officer | 10 | $0 |
Francis X Gallagher Jr Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $813,166 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $863,166 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $863,166 |
| 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 | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $863,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $863,166 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $863,166 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $863,166 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loyola Early Learning Center Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Reval Foundation Inc Riderwood, MD PURPOSE: TAX EXEMPT PURPOSES | $12,500 |
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