Early Learning Center Inc
- Assets
- $153.7k
- Revenue
- $643.9k
- Investments
- $0.0
- Employees
- 22
- Location
- Colchester, VT
- Founding
- Data as of
- 12/2022
- EIN
- 85-1733970
Organization Overview
Early Learning Center Inc is located in Colchester, VT. As of 12/2022, Early Learning Center Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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.
For the year ending 12/2022, Early Learning Center Inc generated $643.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.8% each year . All expenses for the organization totaled $594.6k during the year ending 12/2022. While expenses have increased by 47.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO VALUE CHILDREN AND FAMILIES AND PROMOTE POSITIVE LEARNING EXPERIENCES IN AN ENVIRONMENT THAT INSPIRES CURIOSITY, NURTURES RESPECTFUL RELATIONSHIPS AND EMPOWERS ACTIVE INVOLVEMENT IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EARLY LEARNING CENTER (ELC) IS AN EARLY CHILDHOOD EDUCATION PROGRAM CREATED IN PARTNERSHIP WITH FAMILIES, EDUCATORS AND MEMBERS OF THE COMMUNITY. THE CENTER IS A FULLY LICENSED, DEVELOPMENTALLY ORIENTED PROGRAM LOCATED AT FORT ETHAN ALLEN IN COLCHESTER, VERMONT, PROVIDING HIGH QUALITY CHILD CARE AND EARLY EDUCATION FOR 38 CHILDREN AGES 6 WEEKS TO 6 YEARS. WE BELIEVE THAT CHILDREN ARE COMPETENT LEARNERS FROM BIRTH. WE VALUE CHILDREN'S NATURAL CURIOSITY AND INDIVIDUAL IDEAS AND FACILITATE CHILDREN'S LEARNING THROUGH A DEVELOPMENTALLY APPROPRIATE, PLAY-BASED CURRICULUM IN AN ENRICHING, SAFE, AND NURTURING ENVIRONMENT, IN WHICH CHILDREN REACH THEIR FULL POTENTIAL. OUR CENTER IS COMMITTED TO PROVIDING THE VERY BEST IN EARLY CHILDHOOD EDUCATION EXPERIENCE FOR EVERY CHILD AND FAMILY IN OUR CARE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lee President / Chair | OfficerTrustee | 5 | $0 |
James Fraser May - Dec Treasurer | OfficerTrustee | 2 | $0 |
Christopher Lei Secretary | OfficerTrustee | 2 | $0 |
Allison Gardner Director | Trustee | 1 | $0 |
Alyssa Blask Campbell Director | Trustee | 1 | $0 |
Stacy Simonyi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,392 |
| Total Program Service Revenue | $597,498 |
| 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 | $643,890 |
| 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. | $54,337 |
| Compensation of current officers, directors, key employees. | $19,018 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,666 |
| Payroll taxes | $38,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,730 |
| Fees for services: Accounting | $4,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,940 |
| Advertising and promotion | $1,023 |
| Office expenses | $1,950 |
| Information technology | $1,513 |
| Royalties | $0 |
| Occupancy | $38,963 |
| 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 | $96 |
| Insurance | $9,921 |
| All other expenses | $436 |
| Total functional expenses | $594,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $11,738 |
| 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 | $533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,665 |
| Accounts payable and accrued expenses | $24,950 |
| 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 | $24,950 |
| Net assets without donor restrictions | $128,715 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $153,665 |