Educare
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$798,500.00
Projected Expenses
$510,500.00
Organizational Budgets and Other Documents
| Educare FY24 Budget | 2024 |
| Educare FY22 Budget | 2022 |
| Educare FY21 Budget | 2021 |
| Educare FY20 Budget | 2020 |
| Educare Budget | 2019 |
IRS Letter of Exemption
| Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $473,511.00 | $4,804,410.00 | $479,387.00 |
| Total Expenses | $552,290.00 | $458,226.00 | $464,095.00 |
| Revenue Less Expenses | ($78,779.00) | $4,346,184.00 | $15,292.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $336,291.00 | $0.00 | $287,072.00 |
| Government - Local | $89,100.00 | $0.00 | $0.00 |
| Government - Unspecified | $202.00 | $313,981.00 | $321.00 |
| Contributions, Gifts, and Grants | $319.00 | $17,813.00 | $15,920.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $47,569.00 | $148,647.00 | $176,980.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $-906.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $450,732.00 | $330,107.00 | $349,077.00 |
| Administration Expense | $101,558.00 | $128,119.00 | $115,018.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 86% | 1,048% | 103% |
| Program Expense/Total Expenses | 82% | 72% | 75% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | State Government Grants $336,291.00 | Government Grants $313,981.00 | Government Grants $287,072.00 |
| Second Highest Funding Source & Dollar Amount | Local Government Grants $89,100.00 | Program Revenues $148,647.00 | Program Revenue $176,980.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $47,569.00 | Contributions, Gifts, and Grants $17,813.00 | Contributions, Gifts, Grants $15,920.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $40,530.00 | $122,893.00 | $93,437.00 |
| Current Assets | $32,815.00 | $114,899.00 | $91,743.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $9,714.00 | $13,298.00 | $6,057.00 |
| Total Net Assets | $30,816.00 | $109,595.00 | $87,380.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| Form 990 | 2023 |
| 2022 Form 990 | 2022 |
| 990 | 2021 |
| 990 | 2020 |
| 990 | 2019 |
| Educare | 2018 |
Audit Documents
No audit documents are available at this time
Foundation Staff Comments
| Financial figures taken from the Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as they are not separated in Form 990. Form 990 was prepared by Spain & Higginbotham CPA Group, PLLC. Comments provided by Hayley Sulfridge 10/9/24. |
