Civic Intelligence

Colorado Springs Child Nursery Centers Inc

EIN 84-0632406 • 501(c)3 • Colorado Springs, CO

Profile

The Colorado Springs Child Nursery Centers, Inc. dba Early Connections Learning Centers (the Center)offers a comprehensive program of social, emotional and (continued)

104 East Rio Grande StreetColorado Springs, CO 80903

www.earlyconnections.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

40th percentile

0.07x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.06x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

77th percentile

25%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$162,696

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

91st percentile

49%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

33%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,150,720

Up $2,359,231 (+49%) from 2023

Liabilities

Up

$488,880

Up $181,499 (+59%) from 2023

Net Assets

Up

$6,661,840

Up $2,177,732 (+49%) from 2023

Revenue

Up

$8,525,090

Up $2,094,276 (+33%) from 2023

Expenses

Down

$6,397,424

Down $22,778 (-0.4%) from 2023

Net Income

Up

$2,127,666

Up $2,117,054 (+19950%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,808,381Liabilities 2010: $311,956Net Assets 2010: $1,496,4252010Assets 2011: $1,782,129Liabilities 2011: $485,037Net Assets 2011: $1,297,0922011Assets 2012: $1,866,193Liabilities 2012: $221,667Net Assets 2012: $1,644,5262012Assets 2013: $1,785,112Liabilities 2013: $261,354Net Assets 2013: $1,523,7582013Assets 2014: $1,801,290Liabilities 2014: $311,679Net Assets 2014: $1,489,6112014Assets 2015: $1,795,183Liabilities 2015: $348,489Net Assets 2015: $1,446,6942015Assets 2016: $2,011,523Liabilities 2016: $483,823Net Assets 2016: $1,527,7002016Assets 2017: $2,604,440Liabilities 2017: $523,939Net Assets 2017: $2,080,5012017Assets 2018: $2,326,997Liabilities 2018: $367,281Net Assets 2018: $1,959,7162018Assets 2019: $2,674,079Liabilities 2019: $498,944Net Assets 2019: $2,175,1352019Assets 2020: $4,289,851Liabilities 2020: $945,838Net Assets 2020: $3,344,0132020Assets 2021: $3,861,089Liabilities 2021: $256,979Net Assets 2021: $3,604,1102021Assets 2022: $4,692,692Liabilities 2022: $294,629Net Assets 2022: $4,398,0632022Assets 2023: $4,791,489Liabilities 2023: $307,381Net Assets 2023: $4,484,1082023Assets 2024: $7,150,720Liabilities 2024: $488,880Net Assets 2024: $6,661,8402024

Highlighted filing

2024

Assets$7,150,720
Liabilities$488,880
Net Assets$6,661,840

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,192,8892010Revenue 2011: $4,026,111Expenses 2011: $4,108,213Net Income 2011: -$82,1022011Expenses 2012: $4,262,5292012Revenue 2013: $3,695,808Expenses 2013: $3,837,382Net Income 2013: -$141,5742013Revenue 2014: $3,952,412Expenses 2014: $3,978,305Net Income 2014: -$25,8932014Revenue 2015: $4,005,204Expenses 2015: $4,000,028Net Income 2015: $5,1762015Revenue 2016: $4,423,090Expenses 2016: $4,350,042Net Income 2016: $73,0482016Revenue 2017: $5,445,909Expenses 2017: $4,952,908Net Income 2017: $493,0012017Revenue 2018: $5,297,253Expenses 2018: $5,348,102Net Income 2018: -$50,8492018Revenue 2019: $5,453,920Expenses 2019: $5,329,583Net Income 2019: $124,3372019Revenue 2020: $6,059,860Expenses 2020: $4,947,154Net Income 2020: $1,112,7062020Revenue 2021: $6,173,573Expenses 2021: $5,381,758Net Income 2021: $791,8152021Revenue 2022: $7,057,726Expenses 2022: $6,080,025Net Income 2022: $977,7012022Revenue 2023: $6,430,814Expenses 2023: $6,420,202Net Income 2023: $10,6122023Revenue 2024: $8,525,090Expenses 2024: $6,397,424Net Income 2024: $2,127,6662024

Highlighted filing

2024

Revenue$8,525,090
Expenses$6,397,424
Net Income$2,127,666

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.15$0.49$6.66$8.53$6.40$2.13
2023Summary only. Only limited summary data is available for this year.$4.79$0.31$4.48$6.43$6.42$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.69$0.29$4.40$7.06$6.08$0.98
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$0.26$3.60$6.17$5.38$0.79
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.29$0.95$3.34$6.06$4.95$1.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.50$2.18$5.45$5.33$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.37$1.96$5.30$5.35$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.52$2.08$5.45$4.95$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.48$1.53$4.42$4.35$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.80$0.35$1.45$4.01$4.00$0.01
2014Summary only. Only limited summary data is available for this year.$1.80$0.31$1.49$3.95$3.98$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.79$0.26$1.52$3.70$3.84$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.22$1.64$4.26
2011Summary only. Only limited summary data is available for this year.$1.78$0.49$1.30$4.03$4.11$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.31$1.50$4.19
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$7,094,170
Mission and Program Overview

Mission

The colorado springs child nursery centers, inc. Dba early connections learning centers (the center)offers a comprehensive program of social, emotional and (continued- sch o)

The organization provides a comprehensive program of social, emotional, and cognitive development for the children in the Pikes Peak region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$536,196$763,867▲ $227,671
Savings and Temporary Cash Investments$599,910$690,665▲ $90,755
Land, Buildings, and Equipment, Net$209,307$495,708▲ $286,401
Accounts Receivable$229,727$329,243▲ $99,516
Cash and Non-Interest-Bearing Accounts$143,262$139,107▼ $4,155
Prepaid Expenses and Deferred Charges$45,540$68,700▲ $23,160
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,861,089$4,692,692▲ $831,603
Other Assets Total$2,097,147$2,205,402▲ $108,255
Liabilities
Accounts Payable and Accrued Expenses$256,979$279,629▲ $22,650
Deferred Revenue$0$15,000▲ $15,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$256,979$294,629▲ $37,650
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,521,815$2,262,782▲ $740,967
Net Assets With Donor Restrictions$2,082,295$2,135,281▲ $52,986
Total Net Assets Fund Balance$3,604,110$4,398,063▲ $793,953
Total Liabilities and Net Assets / Fund Balance$3,861,089$4,692,692▲ $831,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$277,158$528,811$805,969
Equipment$187,656$562,966$750,622
Land$30,894-$30,894
Other Assets Org$1,495,646--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,534,770$43,949▼ $216,366$0$2,362,353
2021$2,044,383$362,036▲ $370,114$241,763$2,534,770
2020$2,193,322-▲ $95,266$244,205$2,044,383
2019$1,790,591-▲ $791,327$388,596$2,193,322
2018$1,994,109-▼ $141,274$62,244$1,790,591
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth DensonCEO from 7/22,COM.Eng(to 6/22)FT$118,124$8,250$126,374
Susan RoseEmployeeFT$108,871$8,250$117,121
Cynthia MorganEmployeeFT$109,376$261$109,637
Diane PriceCEO (to 6/2022)FT$85,881$4,331$90,212

Board Members and Trustees

NameTitle
george lukeChair
Tammy Rahaimvice chair
Amy Thackerboard member
Barb Aylwardboard member
Deborah LayneBoard Member
Kim RobersonBoard Member
Lauren RaglandBoard Member
Mary Beth Williamsboard member
Mel CrammBoard Member
Robert GonzalesBoard Member
Sandy JarayBoard Member
Sandy SchroederBoard Member
Claire NutterSecretary
Diane BellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,616,604
Program Service Revenue
$4,464,637
Investment Income
$1,687
Other Revenue
$-25,202
All Other Contributions
$1,848,243
Change in Net Assets
$977,701

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,057,726
Revenue Not Reported on Form 990
$-141,904
Total Revenue per Audited Statements
$6,915,822
Total Revenue per Form 990
$7,057,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,503,195
Other Expenses$1,576,830
Total Fundraising Expense$283,306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,409,375$192,550$121,625$3,723,550
Payroll Taxes$273,541$23,375$17,331$314,247
Other Employee Benefits$230,257$6,407$9,596$246,260
Current Officers, Directors, Trustees, and Key Employees$7,670$144,378$64,539$216,587
Fees for Services Other$160,777$17,925$11,393$190,095
Occupancy$159,586$8,566$8,566$176,718
Insurance$88,744$4,736$2,616$96,096
Office Expenses$61,645$9,344$19,171$90,160
Information Technology$71,122$3,808$3,808$78,738
Advertising$59,483$5,327$7,165$71,975
Other Expenses$54,097$1,024$1,023$54,097
Depreciation Depletion$37,359$5,153$429$42,941
Conferences and Meetings$21,131$469$5,635$27,235
Fees for Services Accounting$16,092$8,046$2,682$26,820
Travel$12,788$555$555$13,898
All Other Expenses$6,929--$6,929
Pension Plan Contributions$2,295$128$128$2,551
Payments to Affiliates-$19-$19
Total Functional Expenses$5,357,865$438,854$283,306$6,080,025

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,121,867
Expenses per Audited Statements$6,080,025
Total Expenses per Form 990$6,080,025
Expenses Not Reported on Form 990$41,842
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,444
Fundraising Gross Income$11,242
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
125 Anniversary$101,167$11,242$10,038$1,204
Total Events$101,167$11,242$36,444$-25,202
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

The finance committee reviews the copy of the 990 before filing.

FORM 990, PART VI, SECTION B, LINE 12C:

At each board meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. A majority of disinterested directors or committee members are required to vote on transactions involving a conflict of interest. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.

FORM 990, PART VI, SECTION B, LINE 15A:

THE BOARD OF DIRECTORS COMPLETES AN ANNUAL PERFORMANCE REVIEW OF THE ceo. THE BOARD REVIEWS COMPENSATION INFORMATION ON THE COMPENSATION OF INDIVIDUALS IN LIKE POSITIONS AND IN COMPARABLE ORGANIZATIONS. THE BOARD APPROVES ANY CHANGES IN COMPENSATION BASED ON MERIT, PERFORMANCE, AND MARKET ADJUSTMENTS. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Colorado Springs Child Nursery Centers Inc
EIN
84-0632406
In Care Of
% ELIZABETH DENSON
Phone
7196321754
Address
104 EAST RIO GRANDE STREET, COLORADO SPRINGS, CO 80903

Signing Officer

Name
Elizabeth denson
Title
CEO
Phone
7196321754
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Denson
Formed
1924
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
128
Volunteers
47

Preparer

Firm
Stockman Kast Ryan & Co Llp
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Doreen B Merz
Phone
7196301186
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1 (cont.):

cognitive development for children in the Pikes Peak Region. This includes education with an emphasis on literacy and language development, nutrition and health, all in partnership with families. The Centers' goal is to help each child grow physically, mentally and cognitively in an atmosphere of acceptance that helps build feeling of confidence and independence. Every effort is made to consider the whole child in all environmental experiences. Home Network of the Pikes Peak Region, LLC (the Home Network) is an affiliated program providing professional development, coaching and business support to improve quality of the early childhood education programs of its members.

FORM 990, PART XII, LINE 2C:

Oversight of audit: the finance committee oversees the audit of financial statements and selects the independent accountant. This process has not changed from prior years.

Financial Statement Notes

Part V line 4

Endowment funds are for the purpose of supporting the operations of the organization. some of the endowment funds are held and maintained by the related organization, the colorado springs child nursery center foundation.

Part X Line 2

The Organization believes that it does not have any uncertain tax positions that are material to the consolidated financial statements.

Part XI, Line 2D

other: SPECIAL EVENTS EXPENSE $36,444

Part XII, Line 2D

other: SPECIAL EVENTS EXPENSE $36,444 Rounding ($2) ------------ $36,442

Raw XML AppendixShowing 400 of 780 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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IRS990/Desc0THE COLORADO SPRINGS CHILD NURSERY CENTERS WAS ESTABLISHED IN 1897 TO DELIVER HIGH QUALITY, COMPREHENSIVE EARLY CARE AND EDUCATION SERVICES TO CHILDREN FROM FAMILIES OF LIMITED MEANS AND WE REMAIN TRUE TO OUR MISSION. A SLIDING SCALE, BASED ON INCOME, IS USED TO DETERMINE PARENT FEES. OUR STUDENT POPULATION IS BOTH ETHNICALLY AND SOCIO-ECONOMICALLY DIVERSE. 62% OF OUR CHILDREN QUALIFY FOR THE COLORADO CHILD CARE ASSISTANCE PROGRAM, 75% QUALIFY FOR FREE OR REDUCED COST MEALS THROUGH THE CHILD AND ADULT CARE FOOD PROGRAM and 98% OF FAMILIES RECEIVE TUITION ASSISTANCE.
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