EARLY LEARNING COALITION OF DUVAL
Using data as of: June 2016
Rating: HIGHLY RECOMMEND
About
Early Learning Coalition of Duval is an educational organization that seeks to prepare children to enter kindergarten ready to read and learn, emphasizing literary skills for children who may be at risk for future school failure.
They offer a variety of programs and resources that help families get their children into early learning care, provide child care financial assistance, and to engage parents to help improve the quality of a child’s early learning.
More information on the Early Learning Coalition of Duval can be found here:
http://www.elcduval.org/
ELC Facebook:
https://www.facebook.com/earlylearningjax/
Our Analysis
Financial information comes from the latest public Form 990 filing.
Financial Overview
Early Learning Coalition of Duval relies exclusively on contributions to fund their operations. As of their latest report, they brought in $55.8 million in donations.FINANCIAL INFORMATION
| CURRENT YEAR | |
|---|---|
| Contributions | 55,779,925 |
| Program Services | 0 |
| TOTAL REVENUE | 55,779,925 |
| Subcontracted Childcare | 49,791,293 |
| Salaries & Compensation | 4,492,581 |
| TOTAL EXPENSES | 55,822,192 |
| Revenue Minus Expenses | -42,267 | Totals may include items not listed above |
| END OF YEAR | |
|---|---|
| Assets | 4,864,829 |
| Liabilities | 4,586,880 |
| NET ASSETS | 277,949 |
| Number of employees | 92 |
| Voting board members | 23 |
Income Sources
Of the $55.8 million in contributions, $52.8 million came in the form of government grants while about $3.0 million came from public contributions.INCOME SOURCES
| TOTAL REVENUE | |
|---|---|
| Contributions | 2,985,355 |
| Government Grants | 52,794,570 |
| Fundraising Events | 0 |
| Federated Campaigns | 0 |
| TOTAL | 55,779,925 |
| Program Services Income | 0 |
| TOTAL REVENUE | 55,779,925 | Totals may include items not listed above |
Expenses and Philanthropic Spending
The Early Learning Coalition is extremely efficient with their spending, with just over 97% of spending going to their mission. We like to see a charity spend at least 75% on their mission, so their 97% is exceptional. They also have no fundraising expenses.| Program Spending | |
|---|---|
| School Readiness Program | 28,346,091 |
| VPK Program | 22,742,531 |
| Other | 3,135,171 |
| TOTAL | 54,223,793 |
EXPENSES
| TOTAL EXPENSES | PROGRAM EXPENSES | ADMIN EXPENSES | FUNDRAISING EXPENSES | |
|---|---|---|---|---|
| Total expenses | 55,822,192 | 54,223,793 | 1,598,399 | 0 |
| Percentage of spending | 97.1% | 2.9% | - |
| TOTAL EXPENSES | |
|---|---|
| Subcontracted Childcare | 49,791,293 |
Our Conclusion
The Early Learning Coalition of Duval is a good organization that does a lot to help the community in an important subject that can often be overlooked. It spends its money efficiently, earning them a HIGHLY RECOMMEND rating.
Contact:
Early Learning Coalition of Duval
8301 Cypress Plaza Drive, Suite 201
Jacksonville, FL 32256
904-208-2040
Form 990 Financial Information: LINK
Financial information comes from the latest Form 990 filing. This review is the opinion of Local Philanthropic and is provided for general information purposes only. Please conduct your own due diligence before donating to any nonprofit.