Civic Intelligence

Early Learning Coalition of Pinnellas County Inc.

990 • Fiscal year 2023 • EIN 59-3726679

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 22, 2024

2536 Countryside Blvd Ste 500Clearwater, FL 33763

(727) 548-1439

Siviq Scores

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

Liabilities / Assets

89th percentile

0.96x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

0.09x

Higher debt load relative to revenue than 14% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

38th percentile

-0.0%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$175,229

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

97th percentile

110%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

52%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$11,483,069

Up $6,026,419 (+110%) from 2022

Net Assets

Down

$456,387

Down $15,600 (-3.3%) from 2022

Liabilities

Up

$11,026,682

Up $6,042,019 (+121%) from 2022

Revenue

Up

$116,529,967

Up $39,986,831 (+52%) from 2022

Expenses

Up

$116,545,567

Up $40,056,432 (+52%) from 2022

Net Income

Down

-$15,600

Down $69,601 (-129%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $3,408,260Liabilities 2013: $3,261,304Net Assets 2013: $146,9562013Assets 2014: $3,150,828Liabilities 2014: $2,985,112Net Assets 2014: $165,7162014Assets 2015: $3,879,495Liabilities 2015: $3,716,807Net Assets 2015: $162,6882015Assets 2016: $3,879,813Liabilities 2016: $3,728,059Net Assets 2016: $151,7542016Assets 2017: $4,308,770Liabilities 2017: $4,096,561Net Assets 2017: $212,2092017Assets 2018: $3,959,090Liabilities 2018: $3,727,090Net Assets 2018: $232,0002018Assets 2019: $3,959,336Liabilities 2019: $3,639,694Net Assets 2019: $319,6422019Assets 2020: $11,556,684Liabilities 2020: $11,177,744Net Assets 2020: $378,9402020Assets 2021: $7,713,027Liabilities 2021: $7,295,041Net Assets 2021: $417,9862021Assets 2022: $5,456,650Liabilities 2022: $4,984,663Net Assets 2022: $471,9872022Assets 2023: $11,483,069Liabilities 2023: $11,026,682Net Assets 2023: $456,3872023Assets 2024: $7,708,183Liabilities 2024: $7,242,118Net Assets 2024: $466,0652024Assets 2025: $8,597,903Liabilities 2025: $8,068,978Net Assets 2025: $528,9252025

Highlighted filing

2023

Assets$11,483,069
Liabilities$11,026,682
Net Assets$456,387

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2013: $45,317,9012013Revenue 2014: $48,443,670Expenses 2014: $48,424,910Net Income 2014: $18,7602014Revenue 2015: $47,902,802Expenses 2015: $47,905,830Net Income 2015: -$3,0282015Revenue 2016: $47,802,458Expenses 2016: $47,813,392Net Income 2016: -$10,9342016Revenue 2017: $49,543,347Expenses 2017: $49,482,892Net Income 2017: $60,4552017Revenue 2018: $49,834,904Expenses 2018: $49,815,113Net Income 2018: $19,7912018Revenue 2019: $51,567,784Expenses 2019: $51,480,142Net Income 2019: $87,6422019Revenue 2020: $59,577,536Expenses 2020: $59,518,238Net Income 2020: $59,2982020Revenue 2021: $68,731,992Expenses 2021: $68,692,946Net Income 2021: $39,0462021Revenue 2022: $76,543,136Expenses 2022: $76,489,135Net Income 2022: $54,0012022Revenue 2023: $116,529,967Expenses 2023: $116,545,567Net Income 2023: -$15,6002023Revenue 2024: $74,871,841Expenses 2024: $74,862,163Net Income 2024: $9,6782024Revenue 2025: $61,506,926Expenses 2025: $61,444,066Net Income 2025: $62,8602025

Highlighted filing

2023

Revenue$116,529,967
Expenses$116,545,567
Net Income-$15,600
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 22, 2024
Return Version
2022v5.0
Gross Receipts
$116,529,967
Mission and Program Overview

Mission

Revolutionize early learning to inspire children, engage families, and elevate educators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,389,328$5,059,342▲ $3,670,014
Cash and Non-Interest-Bearing Accounts$4,015,882$4,405,126▲ $389,244
Land, Buildings, and Equipment, Net$7,578$17,528▲ $9,950
Prepaid Expenses and Deferred Charges$43,862$16,196▼ $27,666
Total Assets$5,456,650$11,483,069▲ $6,026,419
Other Assets Total-$1,984,877-
Liabilities
Accounts Payable and Accrued Expenses$4,874,021$9,026,032▲ $4,152,011
Other Liabilities-$1,992,050-
Deferred Revenue$110,642$8,600▼ $102,042
Total Liabilities$4,984,663$11,026,682▲ $6,042,019
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$471,987$456,387▼ $15,600
Total Net Assets Fund Balance$471,987$456,387▼ $15,600
Total Liabilities and Net Assets / Fund Balance$5,456,650$11,483,069▲ $6,026,419

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,528$105,150$122,678
Other Assets Org$28,850--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lindsay CarsonCEOFT$145,139$30,090$175,229
Merita KafexhuiCFOFT$133,234$21,188$154,422

Board Members and Trustees

NameTitle
Elliott SternPast Chair
Amy DarbyBoard Member
Celeste FernandezBoard Member
Chris LatvalaBoard Member
Eric LynnBoard Member
Faith BornoffBoard Member
Fidel JohnsonBoard Member
Harry FogleBoard Member
Jack GellerBoard Member
Jackie LangBoard Member
Janet LongBoard Member
Jeff KostihaBoard Member
Jennifer MeklerBoard Member
Karl NurseBoard Member
Lashonda Watson-clarkBoard Member
Michael MikurakBoard Member
Ray HensleyBoard Member
Sandra HopkinsBoard Member
Scott MatthewsBoard Member
Steven MeierBoard Member
Susan JohnsonBoard Member
Susan WeberBoard Member
Trevor PettifordBoard Member
Victor LucasBoard Member
Ricardo DavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$116,529,967
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,799,804
Change in Net Assets
$-15,600

Audited Revenue Reconciliation

Revenue per Audited Statements
$116,529,967
Revenue Not Reported on Form 990
$5,000
Total Revenue per Audited Statements
$116,534,967
Total Revenue per Form 990
$116,529,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,444,666
Salaries, Compensation, and Employee Benefits$6,696,837
Grants and Similar Amounts Paid$404,064
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,896,935$1,006,741-$4,903,676
Other Employee Benefits$469,140$159,015-$628,155
Fees for Services Management$299,189$177,520-$476,709
Payroll Taxes$318,818$106,624-$425,442
Pension Plan Contributions$307,603$102,311-$409,914
Grants to Domestic Individuals$404,064--$404,064
Occupancy$280,667$63,660-$344,327
Current Officers, Directors, Trustees, and Key Employees-$329,650-$329,650
Office Expenses$126,541$156,241-$282,782
Information Technology-$69,274-$69,274
Insurance-$44,311-$44,311
Travel$31,831$11,987-$43,818
Fees for Services Accounting-$36,000-$36,000
Depreciation Depletion$6,883--$6,883
Fees for Services Legal-$6,202-$6,202
Other Expenses$1,629$1,308-$2,937
All Other Expenses$2,500--$2,500
Total Functional Expenses$114,232,465$2,313,102$0$116,545,567

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$116,550,567
Expenses per Audited Statements$116,545,567
Total Expenses per Form 990$116,545,567
Expenses Not Reported on Form 990$5,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$1,648,922
Current Portion of Lease Liability$343,128
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Page 6, Part VI, Line 11B

The finance committee and management will review and accept the form 990. The board of directors will also approve the form.

Form 990, Page 6, Part VI, Line 12C

The organization has a conflict of interest policy in place. The staff and the members of the board of directors are required to sign the form annually. In the event that an action taken by the board presents a conflict of interest for a board member, the board member must disclose their conflict to the board of directors and abstain from the vote. Additionally, the board member is required to complete form 8b "memorandum of voting conflict for county, municipal, and other public officers".

Form 990, Page 6, Part VI, Line 15A

The salaries of the executive and key employees are reviewed and benchmarked against those of other early learning coalitions, like-sized area not for profits and relevant public salary surveys. Ceo salary is determined and approved by the executive committee of the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are made available upon request.

Form 990, Part VIII

The organization received additional arpa provider stabilization funding to support private early learning/child care providers that were licensed/registered, certified, regulated by or before march 11, 2021 or that are providing early learning/child care services on the date of application, to assist them in remaining open during the covid-19 crisis. Providers must have remained open and operational, except for temporary closures due to public health, financial hardship, or other reasons related to the covid-19 public health emergency. The base sub grants were based on the provider enrollment at the time of the application, with a minimum of 12,000 per provider. Base sub grants were calculated depending on the age of enrollments. Providers also received additional funding per school readiness child enrolled at the time of the application. In addition, providers received supplemental bonuses calculated as percentages of their base sub grant according to certain criteria. Furthermore, to support childcare providers and the early learning workforce in florida during the covid 19 state of emergency as declared by the president of the united states and the governor of florida, the organization received funding for the arp act build a world class workforce and strengthen adult child interaction initiatives. High quality adult child interactions create an environment where children can thrive. These positive interactions are the cornerstone of quality in early care and education and the classroom assessment scoring system (class) for program assessment, which measures these high quality interactions around ten dimensions, was expended during the year. The organization-prioritized investments that will build the knowledge and skills that drive high quality adult child interactions. These investments extend from the newest teacher to the most experienced teacher and the childcare program director. The organization's focus continues with training the current workforce, building training, and coaching capacity to ensure that efforts to upskill florida's early care and education workforce will be sustained long after these one time investments have been expended.

Filing and Contact Details

Filer

Filer Name
Early Learning Coalition of
EIN
59-3726679
Phone
7275481439
Address
2536 COUNTRYSIDE BLVD STE 500, CLEARWATER, FL 33763

Signing Officer

Name
Elizabeth Loh
Title
Board Chair
Phone
7275481439
Signed
2024-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Loh
Formed
2001
Legal Domicile
Fl
Voting Board Members
26
Independent Board Members
26
Employees
111
Volunteers
26

Preparer

Firm
Moss Krusick & Associates LLC
Address
501 S NEW YORK AVE STE 100, WINTER PARK, FL 32789-4241
Preparer
W Ed Moss Jr
Phone
4076445811
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The school readiness (sr) program is part of the state's early childhood education and provides the elements necessary to children for school, including health screenings/referrals and an appropriate educational program. The services are provided on a full day, full-year, and full- choice basis to the extent possible to enable parents to work and be financially self-sufficient. The delivery of sr programs is comprised of childcare providers and school-based sites operated by public and nonpublic schools the school readiness program has three specific eligibility requirements: 1) parent(s)/guardian(s) must be working or participating in an educational activity such as attending college or trade school at least 20 hours per week. 2) gross income must be at or below 150 percent of the federal poverty level for family size. 3) families must pay a copayment for childcare based on income and family size. In addition, as part of the covid- 19 crisis emergency funding assistance for early learning child care providers, the coalition received arpa stabilization and arpa stabilization build a world class workforce initiatives funding to support the early learning child care providers and early learning educators. The program is funded primarily by the federal child care and development fund block grant and the organization has complied with the earmarks and restrictions of the sr grant.

Form 990, Page 2, Part III, Line 4B

The voluntary prekindergarten education program (vpk) prepares early learners for success in kindergarten and beyond. Vpk helps build a strong foundation for school using educational material corresponding to various stages in a child's development. To be eligible, children must live in florida and be 4 years old on or before september 1 of the current school year. The program is designed to enhance each child's ability to make age appropriate progress in the development of language and cognitive capabilities through education in basic skills. The delivery system for the vpk program is comprised of private childcare centers and schools, public schools, and specialized instructional services providers. Parents can choose for the child the school year program that includes 540 instructional hours or the summer program that includes 300 instructional hours. The program is funded primarily with the state general revenue funding and the organization has complied with the earmarks and restrictions of the vpk grant.

Financial Statement Notes

Schedule D, Page 3, Part X

The coalition is exempt from income tax under section 501(c)(3) of the internal revenue code; therefore no income tax provision is required in the accompanying financial statements. Management has analyzed its various federal and state filing positions and believes that its income tax filing positions and deductions are well documented and supported, and that no accruals for tax liabilities are necessary. Therefore, no reserves for uncertain income tax positions have been recorded.

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IRS990/ProgSrvcAccomActy3Grp/Desc0FROM THE FUNDS IN GENERAL APPROPRIATIONS ACT, SPECIFIC APPROPRIATION 85, 30,000,000 IS PROVIDED TO EXPAND THE PROVISION OF SERVICES TO LOW INCOME FAMILIES AT OR BELOW 200 PERCENT OF THE FEDERAL POVERTY LEVEL AS LONG AS THE INCOME DOES NOT EXCEED 85 PERCENT OF THE STATE MEDIAN INCOME. TO BE ELIGIBLE FOR FUNDING, THE COALITION MUST MATCH THE STATE FUNDS ON A DOLLAR-FOR-DOLLAR BASIS AND THE LOCAL MATCH MUST COMPLY WITH FEDERAL CHILD CARE AND DEVELOPMENT BLOCK GRANT MATCHING REQUIREMENTS. DURING THE YEARS ENDED JUNE 30, 2023 AND 2022, THE LOCAL MATCHING REQUIREMENTS WERE MET.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.60$8.07$0.53$61.5$61.4$0.06
2024Detailed filing. Detailed filing data is available for this year.$7.71$7.24$0.47$74.9$74.9$0.01
2023Detailed filing. Detailed filing data is available for this year.$11.5$11.0$0.46$117$117$0.02
2022Detailed filing. Detailed filing data is available for this year.$5.46$4.98$0.47$76.5$76.5$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.71$7.30$0.42$68.7$68.7$0.04
2020Detailed filing. Detailed filing data is available for this year.$11.6$11.2$0.38$59.6$59.5$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.96$3.64$0.32$51.6$51.5$0.09
2018Summary only. Only limited summary data is available for this year.$3.96$3.73$0.23$49.8$49.8$0.02
2017Summary only. Only limited summary data is available for this year.$4.31$4.10$0.21$49.5$49.5$0.06
2016Summary only. Only limited summary data is available for this year.$3.88$3.73$0.15$47.8$47.8$0.01
2015Summary only. Only limited summary data is available for this year.$3.88$3.72$0.16$47.9$47.9$0.00
2014Summary only. Only limited summary data is available for this year.$3.15$2.99$0.17$48.4$48.4$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$3.26$0.15$45.3