Seeds Of Learning
- Assets
- $2.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Pagosa Springs, CO
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 84-1450521
Organization Overview
Seeds Of Learning is located in Pagosa Springs, CO. The organization was established in 1998. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2023, Seeds Of Learning employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeds Of Learning 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, Seeds Of Learning generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $945.0k during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEEDS OF LEARNING IS A STAND-ALONE, NAEYC ACCREDITED EARLY CARE AND EDUCATION CENTER, THAT SERVES CHILDREN AGES 30 MONTHS THROUGH AGE 5. AS A COMMUNITY-BASED FACILITY, SEEDS OFFERS PARENTING CLASSES, EDUCATIONAL OPPORTUNITIES FOR FAMILIES AND OTHER EARLY CHILDHOOD PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 SEEDS OF LEARNING (SEEDS) UTILIZED UNIVERSAL PRE-KINDERGARTEN MONEY TO INVEST IN TEACHERS AND PARENT PARTICIPATION, INCLUDING EXPANDING STAFF, HOSTING FAMILY NIGHTS, AND COLLABORATING WITH OTHER ORGANIZATIONS TO PROVIDE HIGH QUALITY EARLY CHILDHOOD EDUCATION, WHILE KEEPING TUITION COSTS AFFORDABLE FOR THE REGION. SEEDS CONTINUTED TO OFFER HIGHER WAGES FOR ALL TEACHERS AND 100% PAID HEALTH INSURANCE. THE PROGRAM WAS EVALUATED USING THE PROGRAM ADMINISTRATIVE SCALE, ENVIRONMENTAL RATING SCALE, AND THE CLASSROOM ASSESSMENT SCORING SYSTEM TO SHOW CONTINUOUS IMPROVEMENT IN OUR INTERACTION AND ENVIRONMENT. OUR TEACHERS MADE GAINS IN PROFESSIONAL DEVELOPMENT BY TAKING EARLY CHILDHOOD COURSES AT THE COLLEGE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Cusick Executive Director | Trustee | 40 | $73,900 |
Lisa Peters Member | Trustee | 2 | $0 |
Bob Scott Member | Trustee | 2 | $0 |
Linda Espinosa Member | Trustee | 2 | $0 |
Martin Rose Member | Trustee | 2 | $0 |
Lauri Heraty Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $191,507 |
| Related organizations | $0 |
| Government grants | $85,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,017 |
| Noncash contributions included in lines 1a–1f | $23,625 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $433,511 |
| Total Program Service Revenue | $514,631 |
| Investment income | $46,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,586 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,041,234 |
| 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. | $73,900 |
| Compensation of current officers, directors, key employees. | $8,129 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $531,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,822 |
| Payroll taxes | $50,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,425 |
| Advertising and promotion | $4,553 |
| Office expenses | $8,096 |
| Information technology | $1,880 |
| Royalties | $0 |
| Occupancy | $20,262 |
| 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 | $43,403 |
| Insurance | $15,967 |
| All other expenses | $8,680 |
| Total functional expenses | $944,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,197 |
| Savings and temporary cash investments | $566,231 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $45,416 |
| 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 | $759,558 |
| Investments—publicly traded securities | $1,193,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,919 |
| Total assets | $2,821,012 |
| Accounts payable and accrued expenses | $43,159 |
| Grants payable | $0 |
| Deferred revenue | $13,817 |
| 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 | $4,904 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,031 |
| Total liabilities | $66,911 |
| Net assets without donor restrictions | $2,638,986 |
| Net assets with donor restrictions | $115,115 |
| 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 | $2,821,012 |