Civic Intelligence

Early Learning Ventures

990 • Fiscal year 2021 • EIN 26-4053609

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileEARLYLEARNINGVENTURES.ORG
18 Inverness Place EastEnglewood, CO 80112

(844) 293-2820

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.22x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.09x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

45th percentile

10%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

67th percentile

$161,474

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

71st percentile

21%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

15%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$2,919,748

Up $505,506 (+21%) from 2020

Net Assets

Up

$2,270,251

Up $755,450 (+50%) from 2020

Liabilities

Down

$649,497

Down $249,944 (-28%) from 2020

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin45th percentile

Revenue

Up

$7,396,606

Up $959,950 (+15%) from 2020

Expenses

Up

$6,641,156

Up $172,483 (+2.7%) from 2020

Net Income

Up

$755,450

Up $787,467 (+2460%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $664,366Liabilities 2010: $20,696Net Assets 2010: $643,6702010Assets 2011: $433,029Liabilities 2011: $40,936Net Assets 2011: $392,0932011Assets 2012: $126,358Liabilities 2012: $39,160Net Assets 2012: $87,1982012Assets 2013: $301,058Liabilities 2013: $81,245Net Assets 2013: $219,8132013Assets 2014: $518,436Liabilities 2014: $125,602Net Assets 2014: $392,8342014Assets 2015: $1,369,308Liabilities 2015: $655,551Net Assets 2015: $713,7572015Assets 2016: $1,631,945Liabilities 2016: $355,499Net Assets 2016: $1,276,4462016Assets 2017: $885,707Liabilities 2017: $382,941Net Assets 2017: $502,7662017Assets 2020: $2,414,242Liabilities 2020: $899,441Net Assets 2020: $1,514,8012020Assets 2021: $2,919,748Liabilities 2021: $649,497Net Assets 2021: $2,270,2512021Assets 2022: $3,058,194Liabilities 2022: $690,529Net Assets 2022: $2,367,6652022Assets 2023: $5,792,285Liabilities 2023: $745,916Net Assets 2023: $5,046,3692023Assets 2024: $5,900,486Liabilities 2024: $800,881Net Assets 2024: $5,099,6052024

Highlighted filing

2021

Assets$2,919,748
Liabilities$649,497
Net Assets$2,270,251
Open 2021 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $730,4532010Expenses 2011: $861,7302011Expenses 2012: $1,008,5222012Revenue 2013: $1,025,509Expenses 2013: $892,894Net Income 2013: $132,6152013Revenue 2014: $1,160,353Expenses 2014: $987,332Net Income 2014: $173,0212014Revenue 2015: $3,175,663Expenses 2015: $2,836,017Net Income 2015: $339,6462015Revenue 2016: $5,917,342Expenses 2016: $5,354,653Net Income 2016: $562,6892016Revenue 2017: $4,222,520Expenses 2017: $4,996,200Net Income 2017: -$773,6802017Revenue 2020: $6,436,656Expenses 2020: $6,468,673Net Income 2020: -$32,0172020Revenue 2021: $7,396,606Expenses 2021: $6,641,156Net Income 2021: $755,4502021Revenue 2022: $6,934,516Expenses 2022: $6,837,102Net Income 2022: $97,4142022Revenue 2023: $10,165,249Expenses 2023: $7,486,545Net Income 2023: $2,678,7042023Revenue 2024: $9,598,029Expenses 2024: $9,544,793Net Income 2024: $53,2362024

Highlighted filing

2021

Revenue$7,396,606
Expenses$6,641,156
Net Income$755,450
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$7,396,606
Mission and Program Overview

Mission

Elv supports and enhances early learning programs to provide comprehensive and continuous services. Elv aims to increase access to high-quality, full-day, full year child care for low income working families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$694,838$1,499,144▲ $804,306
Cash and Non-Interest-Bearing Accounts$1,625,300$1,233,898▼ $391,402
Prepaid Expenses and Deferred Charges$94,104$179,197▲ $85,093
Accounts Receivable-$7,509-
Total Assets$2,414,242$2,919,748▲ $505,506
Liabilities
Accounts Payable and Accrued Expenses$789,226$593,547▼ $195,679
Unsecured Notes Loans Payable$76,188--
Deferred Revenue$34,027$55,950▲ $21,923
Total Liabilities$899,441$649,497▼ $249,944
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,426,090$2,003,801▲ $577,711
Net Assets With Donor Restrictions$88,711$266,450▲ $177,739
Total Net Assets Fund Balance$1,514,801$2,270,251▲ $755,450
Total Liabilities and Net Assets / Fund Balance$2,414,242$2,919,748▲ $505,506
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judith WilliamsCEOFT$145,554$15,920$161,474
Timothy GarciaEarly Head SFT$100,631$12,136$112,767

Board Members and Trustees

NameTitle
Sue RennerAsst Vice Pr
David MeragePres/sec/tre
Laura MerageVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$7,356,093
Program Service Revenue
$23,844
Investment Income
$0
Other Revenue
$16,669
All Other Contributions
$1,526,235
Change in Net Assets
$755,450

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,396,606
Total Revenue per Audited Statements
$7,396,606
Total Revenue per Form 990
$7,396,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,677,775
Salaries, Compensation, and Employee Benefits$1,987,342
Other Expenses$1,976,039
Total Fundraising Expense$54,213
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,677,775--$2,677,775
Other Salaries and Wages$1,142,103$213,560$37,965$1,393,628
Fees for Services Other$277,384$163,911-$441,295
Other Employee Benefits$354,228$66,237$11,775$432,240
Information Technology$288,510$1,399-$289,909
Current Officers, Directors, Trustees, and Key Employees$132,331$24,744$4,399$161,474
Conferences and Meetings$84,523$463-$84,986
Office Expenses$77,804$6,039-$83,843
Advertising$36,146--$36,146
Travel$19,940$1,182-$21,122
Other Expenses$2,674$10$74$2,674
Total Functional Expenses$6,108,979$477,964$54,213$6,641,156

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,641,156
Total Expenses per Audited Statements$6,641,156
Total Expenses per Form 990$6,641,156
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Consolidated Investment GroupCommon BoardPayrollNo$103,735
Merage Social Impact LLCCommon BoardExpensesNo$7,509
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Elv does not have members in terms of the governing board and management. Elv alliance has members that pay a fee for service to use alliance core which is a proprietary child care management software system.”

Form 990, Page 6, Part VI, Line 11B

“The board reviews and approves the 990 before filing.”

Form 990, Page 6, Part VI, Line 19

“Documents are shared upon request.”

Filing and Contact Details

Filer

Filer Name
Early Learning Ventures
EIN
26-4053609
Phone
8442932820
Address
18 INVERNESS PLACE EAST, ENGLEWOOD, CO 80112

Signing Officer

Name
Judith Williams
Title
CEO
Phone
7202247820
Signed
2022-11-15

Organization Details

Principal Officer
Judith Williams
Formed
2009
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
29
Volunteers
8

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization follows accounting for uncertainty in income taxes which requires the organization to determine whether a tax position (and the related tax benefit) is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement, presuming that the tax position is examined by the appropriate taxing authority that has full knowledge of all relevant information. During the year ended december 31, 2021, the organization's management evaluated its tax positions to determine the existence of uncertainties, and did not note any matters that would require recognition or which may have an affect on its tax-exempt status.”

Raw XML AppendixShowing 400 of 411 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH REQUIRES THE ORGANIZATION TO DETERMINE WHETHER A TAX POSITION (AND THE RELATED TAX BENEFIT) IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, BASED SOLELY ON THE TECHNICAL ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT, PRESUMING THAT THE TAX POSITION IS EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. DURING THE YEAR ENDED DECEMBER 31, 2021, THE ORGANIZATION'S MANAGEMENT EVALUATED ITS TAX POSITIONS TO DETERMINE THE EXISTENCE OF UNCERTAINTIES, AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION OR WHICH MAY HAVE AN AFFECT ON ITS TAX-EXEMPT STATUS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS AND APPROVES THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE SHARED UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,919,748
Liabilities
$649,497
Net assets
$2,270,251
Revenue
$7,396,606
Expenses
$6,641,156
Net income
$755,450
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.90$0.80$5.10$9.60$9.54$0.05
2023Detailed filing. Detailed filing data is available for this year.$5.79$0.75$5.05$10.2$7.49$2.68
2022Detailed filing. Detailed filing data is available for this year.$3.06$0.69$2.37$6.93$6.84$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.92$0.65$2.27$7.40$6.64$0.76
2020Detailed filing. Detailed filing data is available for this year.$2.41$0.90$1.51$6.44$6.47$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.89$0.38$0.50$4.22$5.00$0.77
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.36$1.28$5.92$5.35$0.56
2015Detailed filing. Detailed filing data is available for this year.$1.37$0.66$0.71$3.18$2.84$0.34
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.13$0.39$1.16$0.99$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.30$0.08$0.22$1.03$0.89$0.13
2012Detailed filing. Detailed filing data is available for this year.$0.13$0.04$0.09$1.01
2011Detailed filing. Detailed filing data is available for this year.$0.43$0.04$0.39$0.86
2010Detailed filing. Detailed filing data is available for this year.$0.66$0.02$0.64$0.73