Toledo Early Learning Coalition Incorporated
- Assets
- $127.2k
- Revenue
- $427.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Toledo, OH
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-3522504
Organization Overview
Toledo Early Learning Coalition Incorporated is located in Toledo, OH. The organization was established in 2019. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Toledo Early Learning Coalition Incorporated employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Early Learning Coalition Incorporated 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 12/2021, Toledo Early Learning Coalition Incorporated generated $427.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $408.9k during the year ending 12/2021. While expenses have increased by 17.3% per year over the past 3 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
TO IMPROVE EARLY LEARNING OUTCOMES FOR CHILDREN AGES 0-5 BY OPERATING EARLY LEARNING PROGRAMMING AND SERVICES AND TECHNICAL BACK OFFICE SUPPORTS TO A NETWORK OF EARLY LEARNING CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A QUALITY EARLY LEARNING CENTER AND PROVIDING COMMUNITY AND FAMILY SUPPORTS FOR CHILDREN AGES 0-5.
FACILITATING A SHARED SERVICE AND BACK OFFICE ADMINISTRATIVE SUPPORT SYSTEM TO SUPPORT A NETWORK OR EARLY LEARNING CENTERS TO ENSURE THAT THEY ARE OFFERING HIGH QUALITY SERVICES TO CHILDREN AGES 0-5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Goodwin Director | OfficerTrustee | 30 | $76,000 |
Stephanie Smith Vice Chairman Program Director | OfficerTrustee | 40 | $58,282 |
Alethea Easterly Board Member | Trustee | 2 | $0 |
Jessica Wilbon Board Member | Trustee | 2 | $0 |
Dennis Cannon Board Member | Trustee | 2 | $0 |
Latoya Brown Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tracy Toth-smith Support | 12/30/21 | $1,450 |
Shekereree Washington Support | 12/30/21 | $1,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,000 |
| Total Program Service Revenue | $364,217 |
| 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 | $427,217 |
| 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. | $134,208 |
| Compensation of current officers, directors, key employees. | $20,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,560 |
| Payroll taxes | $40,910 |
| Fees for services: Management | $8,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,800 |
| Advertising and promotion | $4,500 |
| Office expenses | $6,500 |
| Information technology | $3,650 |
| Royalties | $0 |
| Occupancy | $28,800 |
| Travel | $3,800 |
| 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 | $2,650 |
| All other expenses | $9,459 |
| Total functional expenses | $408,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,000 |
| Savings and temporary cash investments | $61,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,000 |
| 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 | $127,174 |
| Accounts payable and accrued expenses | $40,561 |
| 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 | $40,561 |
| 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 | $86,613 |
| Total liabilities and net assets/fund balances | $127,174 |