Eddlemon Child Development Center Inc
- Assets
- $531.8k
- Revenue
- $499.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Spartanburg, SC
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 82-2055570
Organization Overview
Eddlemon Child Development Center Inc is located in Spartanburg, SC. The organization was established in 2019. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Eddlemon Child Development Center Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eddlemon Child Development 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.
For the year ending 12/2022, Eddlemon Child Development Center Inc generated $499.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $179.1k during the year ending 12/2022. While expenses have increased by 0.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDDLEMON'S MISSION IS TO PROVIDE CHILD CARE AND PRESCHOOL PROGRAMS FOCUSED ON ENCOURAGING A CHILDS POSITIVE IMAGE THROUGH A CHRISTIAN BASED PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDDLEMON PROVIDES DAY CARE AND AFTER SCHOOL CARE SERVICES FOCUSING ON AGE APPROPRIATE CHRISTIAN CURRICULUM FOR 23 STUDENTS THAT RANGE IN AGE FROM 2 TO 8TH GRADE SO THAT PARENTS CAN WORK OUTSIDE THE HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yolanda Staley Cdc Director | OfficerTrustee | 40 | $36,855 |
Jennifer Spears Treasurer | OfficerTrustee | 5 | $2,520 |
Kim Kegler Chair | OfficerTrustee | 2 | $0 |
Meggan Knight Secretary | OfficerTrustee | 1 | $0 |
Don Davis Director | Trustee | 1 | $0 |
Adeyanju Okungbowa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $389,402 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,402 |
| Total Program Service Revenue | $109,703 |
| 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 | $499,105 |
| 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. | $39,375 |
| Compensation of current officers, directors, key employees. | $2,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,680 |
| 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 | $2,645 |
| Information technology | $4,035 |
| Royalties | $0 |
| Occupancy | $7,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,120 |
| All other expenses | $2,137 |
| Total functional expenses | $179,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $878 |
| 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 | $531,843 |
| Accounts payable and accrued expenses | $4,087 |
| 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 | $4,087 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $527,756 |
| Total liabilities and net assets/fund balances | $531,843 |