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Monadnock Community Early Learning Center EIN 02-0279045

Monadnock Community Early Learning Center FY2023 filing

EIN  02-0279045 Public charity (501(c)(3)) Peterborough, NH
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides early learning services to develop pre-adolescent children socially, emotionally, and intellectually.
Leadership
Judy Thibault · Former Exec Dir · $57K
Money in and out
$700K revenue, $718K expenses
Bottom line
90% program efficiency

Provides early learning services to develop pre-adolescent children socially, emotionally, and intellectually. For fiscal year 2023 it reported $700K in revenue, $718K in expenses, and $273K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$700K
Pt VIII · Ln 12
Total expenses
$718K
Pt IX · Ln 25
Net assets
$273K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$700K
FY2023▲ +11%
Expenses
$718K
FY2023▼ -8%
Total assets
$295K
FY2023▼ -3%
Total liabilities
$22K
FY2023▲ +5%
Total revenue
$700K
Pt VIII · Ln 12
Total expenses
$718K
Pt IX · Ln 25
Net assets
$273K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$295K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $646K of program spending, described in the organization's own filed words · FY2023.
01

To provide early learning services to further the social, emotional, and intellectual development of pre-adolescent children. Current approved capacity: 81 students.

$646Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMonadnock Community Early Learning Center
EINHdr · item D02-0279045
Principal addressHdr · item CPeterborough, NH
WebsiteHdr · item Jwww.mcelc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33Z)
Ruling yearIRS BMFJul 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Judy Thibault
Former Exec Dir
$56,844Pt VII · Sec A
Maria Caron
Executive Director
$43,250Pt VII · Sec A
Susan Richard
Member at Large
$0Pt VII · Sec A
William Gurney
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Jared Barnhard
Member at Large
$0Pt VII · Sec A
Coleen Ringer
Secretary
$0Pt VII · Sec A
Eric Richard
Member at Large
$0Pt VII · Sec A

Maria Caron’s $59K as Executive Director is at the 48th percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Judy Thibault—$56,844$59,891——
Maria Caron$59,320$43,250———
Judy Watkins———$57,960$54,354

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$620K · 89%
Contributions & grants$77K · 11%
Program service revenue89%$620K
Contributions & grants11%$77K
Investment income$3K
Total revenueLn 12$700K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$646K
Management & general10%$73K
Total functional expensesLn 25$718K

Balance Sheet

Part X · end of year
CashLn 1$39K
Total assetsLn 16$295K
Total liabilitiesLn 26$22K
Total net assetsLn 32$273K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $108K · Operating expenses/yr $718K
1.8 months
Where the money goes
Program services
Program services $646K · Total expenses $718K
90%
Management & General
Management & general $73K · Total expenses $718K
10%
Fundraising
Fundraising $0 · Total expenses $718K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $159K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $77K · Total revenue $700K
11%
Government reliance
Government grants — · Total revenue $700K
—
Earned-income share
Program service revenue $620K · Total revenue $700K
89%
Investment reliance
Investment income $3K · Total revenue $700K
0%
Program self-sufficiency
Program service revenue $620K · Total expenses $718K
86%
Growth & trend
Revenue growth (YoY)
This year $700K · Prior year $631K
+11%
Net-asset trend (YoY)
End of year $273K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $700K · Expenses $718K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $295K
—
Net-asset ratio
Net assets $273K · Total assets $295K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $69K · Total assets (Pt X, ln 16) $295K
23%
People & payroll
Highest Reported Total Compensation
Individual Maria Caron · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $43K · Total expenses $718K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $574K · Total expenses $718K
80%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 10%——
Fundraising cost ratio 0%——
Revenue growth 11%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
New Hampshire Charitable FoundationFY2024$46K
Monadnock United Way INCFY2024$32K
Total grants receivedfrom 2 funders$79K

Similar Organizations

Closest in mission — by what they do
Early Learning Center INCNJ
Early Learning Program INCCT
Rise for Baby and FamilyNH
Brightspark Early Learning ServicesWA
Mid-Shore Early Learning Ctr INCMD
Academy for Early LearningPA
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$819K revenue · ⤓ 990 PDF
FY2023$700K revenue · viewing · ⤓ 990 PDF
FY2022$631K revenue · ⤓ 990 PDF
FY2021$778K revenue · ⤓ 990 PDF
FY2020$691K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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