Civic Intelligence

Space Coast Early Intervention Center Inc

990 • Fiscal year 2023 • EIN 59-2858471

Aug 01, 2022 to Jul 31, 2023 • Filed on Jun 17, 2024

3790 Dairy RoadWest Melbourne, FL 32904

(321) 729-6858

Siviq Scores

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

Liabilities / Assets

74th percentile

0.29x

Higher debt load relative to assets than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.46x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

55th percentile

6.4%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

54th percentile

6.2%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

1.1%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,269,101

Up $190,589 (+6.2%) from 2022

Net Assets

Up

$2,334,672

Up $130,495 (+5.9%) from 2022

Liabilities

Up

$934,429

Up $60,094 (+6.9%) from 2022

Revenue

Up

$2,044,980

Up $22,020 (+1.1%) from 2022

Expenses

Up

$1,914,485

Up $718 (+0.0%) from 2022

Net Income

Up

$130,495

Up $21,302 (+20%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,060,168Liabilities 2011: $1,101,201Net Assets 2011: $2,958,9672011Assets 2012: $3,856,295Liabilities 2012: $993,820Net Assets 2012: $2,862,4752012Assets 2013: $3,779,000Liabilities 2013: $956,703Net Assets 2013: $2,822,2972013Assets 2014: $3,677,694Liabilities 2014: $916,210Net Assets 2014: $2,761,4842014Assets 2015: $3,477,999Liabilities 2015: $856,957Net Assets 2015: $2,621,0422015Assets 2016: $3,144,433Liabilities 2016: $793,940Net Assets 2016: $2,350,4932016Assets 2017: $2,937,630Liabilities 2017: $853,889Net Assets 2017: $2,083,7412017Assets 2018: $2,811,415Liabilities 2018: $862,639Net Assets 2018: $1,948,7762018Assets 2019: $2,706,948Liabilities 2019: $798,118Net Assets 2019: $1,908,8302019Assets 2020: $2,841,308Liabilities 2020: $806,207Net Assets 2020: $2,035,1012020Assets 2021: $2,922,251Liabilities 2021: $827,267Net Assets 2021: $2,094,9842021Assets 2022: $3,078,512Liabilities 2022: $874,335Net Assets 2022: $2,204,1772022Assets 2023: $3,269,101Liabilities 2023: $934,429Net Assets 2023: $2,334,6722023Assets 2024: $3,754,006Liabilities 2024: $1,396,357Net Assets 2024: $2,357,6492024

Highlighted filing

2023

Assets$3,269,101
Liabilities$934,429
Net Assets$2,334,672

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,487,9982011Expenses 2012: $1,351,4982012Expenses 2013: $1,177,5862013Revenue 2014: $1,145,912Expenses 2014: $1,208,961Net Income 2014: -$63,0492014Revenue 2015: $1,134,277Expenses 2015: $1,272,495Net Income 2015: -$138,2182015Revenue 2016: $1,168,829Expenses 2016: $1,441,981Net Income 2016: -$273,1522016Revenue 2017: $1,221,623Expenses 2017: $1,469,121Net Income 2017: -$247,4982017Revenue 2018: $1,167,250Expenses 2018: $1,337,970Net Income 2018: -$170,7202018Revenue 2019: $1,218,565Expenses 2019: $1,255,457Net Income 2019: -$36,8922019Revenue 2020: $1,620,327Expenses 2020: $1,555,772Net Income 2020: $64,5552020Revenue 2021: $1,801,540Expenses 2021: $1,741,657Net Income 2021: $59,8832021Revenue 2022: $2,022,960Expenses 2022: $1,913,767Net Income 2022: $109,1932022Revenue 2023: $2,044,980Expenses 2023: $1,914,485Net Income 2023: $130,4952023Revenue 2024: $2,364,150Expenses 2024: $2,341,173Net Income 2024: $22,9772024

Highlighted filing

2023

Revenue$2,044,980
Expenses$1,914,485
Net Income$130,495
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 17, 2024
Return Version
2022v5.0
Gross Receipts
$2,109,245
Mission and Program Overview

Mission

At space coast early intervention center, we believe that every child, of every ability, deserves individualized instruction and benefits from inclusive classroom environments. Our unique inclusion program provides equal learning opportunities for all children, regardless of ability, to ensure they receive the academic and social skills needed to succeed in life. That moment when a child with down syndrome first begins to walk is a priceless time. The joy experienced by our staff and the child's family on that day brightens our lives. A non-verbal elementary student with autism begins to engage in conversation, and our hearts overflow. Since 1987, space coast early intervention center's purpose has been and continues to be the education of children with or without disabilities in an inclusion environment. Established in 1987 by betsy farmer to provide a school for her son with down syndrome, space coast early intervention center has provided our students with the most up-to-date curric

Provides preschool and primary school programs for children ages 6 weeks to 10 years.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,452,452$2,397,308▼ $55,144
Cash and Non-Interest-Bearing Accounts$552,571$589,826▲ $37,255
Savings and Temporary Cash Investments-$172,226-
Accounts Receivable$12,994$48,463▲ $35,469
Investments Other Securities$40,485$40,485→ $0
Prepaid Expenses and Deferred Charges$17,199$12,982▼ $4,217
Total Assets$3,078,512$3,269,101▲ $190,589
Other Assets Total$2,811$7,811▲ $5,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$565,114$533,780▼ $31,334
Unsecured Notes Loans Payable$158,902$292,838▲ $133,936
Deferred Revenue$79,467$96,873▲ $17,406
Accounts Payable and Accrued Expenses$70,852$10,938▼ $59,914
Total Liabilities$874,335$934,429▲ $60,094
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,204,177$2,334,672▲ $130,495
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,204,177$2,334,672▲ $130,495
Total Liabilities and Net Assets / Fund Balance$3,078,512$3,269,101▲ $190,589

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,999,466$1,521,663$3,521,129
Land$371,688-$371,688
Equipment$26,154$64,813$90,967

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$38,478-▲ $2,007-$40,485
2021$45,825-▼ $7,347-$38,478
2020$37,003-▲ $9,251-$45,825
2019$33,706-▲ $3,297-$37,003
2018$32,033-▲ $1,673-$33,706
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marcus IngeldsenChairman
Dan SingletonVice Chairman
Devlin MunionDirector
James BatchDirector
Jeanine AllenDirector
Jenni BoydDirector
Kathi NiebergallDirector
Keith KromashDirector
Kim ClamonsDirector
Megan RoarkDirector
Tim CramerDirector
Terri ClarkExecutive Director
Krystal StoneSecretary
Tyler HeckmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$321,014
Program Service Revenue
$1,551,267
Investment Income
$3,029
Other Revenue
$169,670
All Other Contributions
$321,014
Change in Net Assets
$130,495

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$36,017Fair Market Value (FMV)
Total Noncash Contributions1$36,017-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,389,627
Other Expenses$524,858
Total Fundraising Expense$94,669
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,009,383$189,260$63,087$1,261,730
Occupancy$78,917$24,803$9,019$112,739
Depreciation Depletion$84,000$21,000-$105,000
Payroll Taxes$80,177$15,033$5,011$100,221
Fees for Services Other$39,797$30,217$3,015$73,029
Insurance$30,207$8,630$4,315$43,152
Other Employee Benefits$24,908$1,661$1,107$27,676
Information Technology$19,996$5,062$253$25,311
Payments to Affiliates$15,214$4,347$2,174$21,735
Advertising$10,503$1,313$1,313$13,129
Office Expenses$8,418$2,405$1,203$12,026
All Other Expenses$8,085$2,421$81$10,587
Fees for Services Accounting-$9,455-$9,455
Travel$5,139$642$642$6,423
Other Expenses$6,278$0$0$6,278
Total Functional Expenses$1,483,330$336,486$94,669$1,914,485
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$215,921
Fundraising Direct Expenses$64,265
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jam for the Kids$170,002$170,002$59,831$110,171
Cycle Jam$36,957$36,957$1,492$35,465
Total Events$215,921$215,921$64,265$151,656
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, line 11B

A copy of Form 990 is presented to the Board of Directors for review following an initial review by the Executive Director and Treasurer.

Form 990, Part VI, Section B, line 12C

The policy is reviewed and updated annually by the officers and members of the Board of Directors.

Form 990, Part VI, Section B, line 15

Compensation of the Organization's Executive Director and top management is based on salary ranges for similar positions in the job market, required skills and performance. Final approval is by a vote of the Board of Directors.

Form 990, Part VI, Section C, line 19

The Organization's governing documents, conflict of interest policy, and financial statements are made available to the public on-site upon request.

Filing and Contact Details

Filer

Filer Name
Space Coast Discovery Inc
EIN
59-2858471
Phone
3217296858
Address
3790 Dairy Road, West Melbourne, FL 32904

Signing Officer

Name
Terri Clark
Title
Executive Director
Phone
3217296858
Signed
2024-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terri Clark
Formed
1987
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
85
Volunteers
100

Preparer

Firm
H&co Llp
Address
1692 W Hibiscus Blvd, Melbourne, FL 32901
Preparer
Richard Sutter CPA
Phone
3217233352
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1, Description of Organization Mission:

Established in 1987 by Betsy Farmer to provide a school for her son with Down Syndrome, Space Coast Discovery has provided our students with the most up-to-date curriculum available for children with or without disabilities. Space Coast Discovery provides the organization, curriculum and technologies that help all children to thrive, receiving an individualized inclusive educational experience. At Space Coast Discovery, large classroom spaces, small student-to-teacher ratios, access to therapists and handicap accessible equipment are only a small part of what is provided to create individualized plans for each child to best fit his/her educational needs. Typically, developing and gifted students act as role models for those with disabilities in their classes, modeling behaviors and growing from the experiences presented within the inclusive classroom through mentoring, hands-on learning and peer interactions. Each child is able to learn at his/her own pace with unique goals based on individual abilities. At Space Coast Discovery, we believe that children are more alike than they are different. We believe that students don't have to fit into the program - we fit the program to match the needs of the child, and we believe that every child, of every ability, deserves individualized instruction and benefits from inclusive classroom environments.

Financial Statement Notes

Part V, Line 4:

The endowment fund is intended to underwrite program supplies.

Part X, Line 2:

Space Coast Discovery, Inc. is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been made in the financial statements. FASB ASC 740, Accounting for Income Taxes, prescribes a recognition threshold and measurement attribute of the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Management evaluates the organization's positions on an annual basis, both past and current. If management determines that a past or current tax position is uncertain, then a tax liability is calculated to represent the increase in taxes anticipated upon examination. As of July 31, 2023, management has determined that all past and current tax positions were likely to be realizable and sustainable upon examination and that the calculation of a tax liability was not necessary. Tax years ended July 31, 2020 through 2023 remain subject to possible examination by the internal revenue service.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Marcus Ingeldsen
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IRS990/Form990PartVIISectionAGrp/PersonNm2Krystal Stone
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Executive Director
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IRS990/FormationYr01987
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IRS990/MissionDesc0At Space Coast Discovery, we believe that every child, of every ability deserves individualized instruction and benefits from inclusive classroom environments. (continued on Sched O)Our unique inclusion program provides equal learning opportunities for all children, regardless of ability, to ensure they receive the academic and social skills needed to succeed in life. That moment when a child with Down Syndrome first begins to walk as a priceless time. The joy experienced by our staff and the child's family on that day brightens our lives. A non-verbal elementary student with autism begins to engage in conversation, and our hearts overflow. Since 1987, Space Coast Discovery, formerly Space Coast Early Intervention Center's purpose has been and continues to be the education of children with or without disabilities in an inclusion environment.
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IRS990/OccupancyGrp/FundraisingAmt09019
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IRS990/OtherExpensesGrp/Desc3Bad debt
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IRS990/OtherRevenueTotalAmt0676
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IRS990/PayrollTaxesGrp/ProgramServicesAmt080177
IRS990/PayrollTaxesGrp/TotalAmt0100221
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017199
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IRS990/PrincipalOfficerNm0Terri Clark
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IRS990/ProgramServiceRevenueGrp/Desc0Tuition & fees
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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/InvestmentIncomePYPct00.02000
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt01121107
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IRS990/ScheduleBRequiredInd00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.75$1.40$2.36$2.36$2.34$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.27$0.93$2.33$2.04$1.91$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.87$2.20$2.02$1.91$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.92$0.83$2.09$1.80$1.74$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.84$0.81$2.04$1.62$1.56$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.71$0.80$1.91$1.22$1.26$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.81$0.86$1.95$1.17$1.34$0.17
2017Detailed filing. Detailed filing data is available for this year.$2.94$0.85$2.08$1.22$1.47$0.25
2016Detailed filing. Detailed filing data is available for this year.$3.14$0.79$2.35$1.17$1.44$0.27
2015Detailed filing. Detailed filing data is available for this year.$3.48$0.86$2.62$1.13$1.27$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.68$0.92$2.76$1.15$1.21$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$0.96$2.82$1.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$0.99$2.86$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$1.10$2.96$1.49