Civic Intelligence

Eddlemon Child Development Center Inc.

990 • Fiscal year 2019 • EIN 82-2055570

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 30, 2020

1217 John B White BlvdSpartanburg, SC 29306

(864) 415-7954

Siviq Scores

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

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

78th percentile

$3,640

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-55%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-24%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$26,156

Down $31,333 (-55%) from 2018

Net Assets

Down

$24,114

Down $30,821 (-56%) from 2018

Liabilities

Down

$2,042

Down $512 (-20%) from 2018

Revenue

Down

$117,488

Down $37,362 (-24%) from 2018

Expenses

Down

$148,309

Down $25,183 (-15%) from 2018

Net Income

Down

-$30,821

Down $12,179 (-65%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $77,673Liabilities 2017: $4,096Net Assets 2017: $73,5772017Assets 2018: $57,489Liabilities 2018: $2,554Net Assets 2018: $54,9352018Assets 2019: $26,156Liabilities 2019: $2,042Net Assets 2019: $24,1142019Assets 2020: $55,935Liabilities 2020: $2,885Net Assets 2020: $53,0502020Assets 2021: $211,468Liabilities 2021: $3,691Net Assets 2021: $207,7772021Assets 2022: $531,843Liabilities 2022: $4,087Net Assets 2022: $527,7562022Assets 2023: $600,744Liabilities 2023: $2,160Net Assets 2023: $598,5842023Assets 2024: $562,217Liabilities 2024: $791Net Assets 2024: $561,4262024

Highlighted filing

2019

Assets$26,156
Liabilities$2,042
Net Assets$24,114

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $155,103Expenses 2017: $81,526Net Income 2017: $73,5772017Revenue 2018: $154,850Expenses 2018: $173,492Net Income 2018: -$18,6422018Revenue 2019: $117,488Expenses 2019: $148,309Net Income 2019: -$30,8212019Revenue 2020: $150,899Expenses 2020: $121,963Net Income 2020: $28,9362020Revenue 2021: $301,231Expenses 2021: $146,504Net Income 2021: $154,7272021Revenue 2022: $499,105Expenses 2022: $179,126Net Income 2022: $319,9792022Revenue 2023: $274,329Expenses 2023: $203,501Net Income 2023: $70,8282023Revenue 2024: $85,561Expenses 2024: $122,719Net Income 2024: -$37,1582024

Highlighted filing

2019

Revenue$117,488
Expenses$148,309
Net Income-$30,821
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 30, 2020
Return Version
2019v5.0
Gross Receipts
$117,488
Mission and Program Overview

Mission

To encourage individual fulfillment through academic excellence and spiritual development.

To provide child care and preschool program concerned with encouraging a childs positive image of himself/herself through experiences to grow socially, emotionally, physically and intellectually through a christian based program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$32,881$15,303▼ $17,578
Accounts Receivable$23,227$10,095▼ $13,132
Total Assets$57,489$26,156▼ $31,333
Other Assets Total$1,381$758▼ $623
Liabilities
Other Liabilities$2,554$2,042▼ $512
Total Liabilities$2,554$2,042▼ $512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,935$24,114▼ $30,821
Total Net Assets Fund Balance$54,935$24,114▼ $30,821
Total Liabilities and Net Assets / Fund Balance$57,489$26,156▼ $31,333
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SpearsChairmanPT$3,640$3,640

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$117,488
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-30,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$110,611
Other Expenses$37,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,610--$97,610
Payroll Taxes$9,177--$9,177
Insurance$6,153--$6,153
Fees for Services Accounting-$6,115-$6,115
Occupancy$5,004--$5,004
Current Officers, Directors, Trustees, and Key Employees$3,640$184-$3,824
Fees for Services Other$1,820--$1,820
All Other Expenses$1,438$189-$1,627
Other Expenses$2,250$1,101-$1,101
Total Functional Expenses$140,720$7,589$0$148,309
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
Payroll Tax$1,927
Payroll Clearing$115
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

Return will be provided to the board for review and approval before filing.

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

If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action

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

The approval process for compensation adjustments related to officers or key employees, when applicable, is for the board members to approve adjustments recommended by the chairman.

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

The approval process for compensation adjustments related to officers or key employees, when applicable, is for the board members to approve adjustments recommended by the chairman.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Eddlemon Child Development Center
EIN
82-2055570
Phone
8644157954
Address
1217 JOHN B WHITE BLVD, SPARTANBURG, SC 29306

Signing Officer

Name
Jennifer Spears
Title
Chairman
Phone
8644157954
Signed
2020-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Spears
Formed
2017
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
6

Preparer

Firm
Greene Finney Llp
Address
211 E BUTLER RD STE C6, MAULDIN, SC 29662
Preparer
Susan Denise Eidson CPA
Phone
8644517381
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN WILL BE PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE APPROVAL PROCESS FOR COMPENSATION ADJUSTMENTS RELATED TO OFFICERS OR KEY EMPLOYEES, WHEN APPLICABLE, IS FOR THE BOARD MEMBERS TO APPROVE ADJUSTMENTS RECOMMENDED BY THE CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/FilingSecurityInformation/IPTm012:39:55
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN DENISE EIDSON CPA
ReturnHeader/ReturnTs02020-11-10T12:39:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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