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Methodist Early Learning Center INC FY2023 filing

Tax-deductible

Morehead City, NC501(c)(3)Human Services EIN 26-2646903Revenue $437K in FY2023

On file with the IRS900 Arendell St, 28557-4142 · Morehead City, NCTax-exempt since Jun 2009Publicly supported — 509(a)(2)

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To provide high quality child care and appropriate, meaningful early learning experiences within a safe, nuturing, Christian environment.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $12K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$963
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$437K
-10% vs prior year
Spent
$529K
To programs
99%
Net assets
$290K
By yearFY2020–FY2025
Revenue
$437K
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$325K
FY2021$473K
FY2022$488K
FY2023$437K
FY2024$517K
FY2025$531K
Expenses
$529K
FY2023▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$340K
FY2021$338K
FY2022$383K
FY2023$529K
FY2024$619K
FY2025$492K
Net assets
$290K
FY2023▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$132K
FY2021$267K
FY2022$371K
FY2023$290K
FY2024$189K
FY2025$228K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $522K Management & general 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Kristen Baily
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Methodist Early Learning Center INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers quality childcare and early learning in a safe, nurturing Christian setting.

Questions for Methodist Early Learning Center INC

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Provided by the organization

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1 program · $519K · in their own filed words · FY2023
01

To provide high quality child care and appropriate, meaningful early learning experiences within a safe, nuturing, christian environment.

$519Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$437K
Ln 12
Fees for servicesLn 2g$437K
Investment incomeLn 3$23
Money outPt IX
$529K
Ln 25
Programscol B$522K
Managementcol C$7K
Owns and owesPt X
$290K
net assets · Ln 32
Cash and savingsLn 1–2$284K
Total assetsLn 16$291K
LiabilitiesLn 26$963
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$437K
Investment incomeLn 3$23
Total revenueLn 12$437K
Assets in detailPt X, end of year
CashLn 1$203K
SavingsLn 2$80K
Cash and savings togetherLn 1–2$284K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$291K
LiabilitiesLn 26$963
Net assetsLn 32$290K
OperationsPt I, VI
EmployeesI 510
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$371K$284K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$371K$291K
LiabilitiesLn 26$0$963
Net assetsLn 32$371K$290K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$385K$385K
Other employee benefitsLn 9$964$964
Payroll taxesLn 10$30K$30K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$109$109
Office expensesLn 13$3K$3K
Information technologyLn 14$788$788
TravelLn 17$466$466
InterestLn 20$306$306
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$70K$70K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$529K$522K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $531K$492K$39K$228K 990 PDF
FY2024 $517K$619K−$102K$189K 990 PDF
FY2023 Viewing $437K$529K−$92K$290K 990 PDF
FY2022 $488K$383K$104K$371K 990 PDF
FY2021 $473K$338K$135K$267K 990 PDF
FY2020 $325K$340K−$15K$132K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $436,969 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $147,296$0
I-9 Program service revenuePrior year $340,506$436,946
I-10 Investment income$23
I-11 Other revenue$0
I-12 Total revenuePrior year $487,802$436,969
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $308,347$416,488
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $75,113$112,950
I-18 Total expensesPrior year $383,460$529,438
I-19 Revenue less expensesPrior year $104,342−$92,469
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $436,969 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $436,946$436,946
VIII-3 Investment incomeRelated to mission $23$23
VIII-12 Total revenueRelated to mission $436,969$436,969
Part IX · Statement of functional expenses $529,438 across 13 lines filed
IX-7 Other salaries and wagesPrograms $385,190$385,190
IX-9 Other employee benefitsPrograms $964$964
IX-10 Payroll taxesPrograms $30,334$30,334
IX-11c Accounting feesManagement $7,415$7,415
IX-12 Advertising and promotionPrograms $109$109
IX-13 Office expensesPrograms $2,781$2,781
IX-14 Information technologyPrograms $788$788
IX-17 TravelPrograms $466$466
IX-20 InterestPrograms $306$306
IX-22 Depreciation, depletion and amortizationPrograms $2,539$2,539
IX-23 InsurancePrograms $15,289$15,289
IX-24 Other expenses (24a–d)Programs $69,908$69,908
IX-24e All other expensesPrograms $13,349$13,349
IX-25 Total functional expensesPrograms $522,023 · Management $7,415 · Fundraising $0$529,438
Part X · Balance sheet $291,433 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $291,080$203,390
X-2 Savings and temporary cash investmentsStart of year $80,090$80,113
X-4 Accounts receivable$641
X-10c Land, buildings and equipment, net$7,289
X-16 Total assetsStart of year $371,170$291,433
X-17 Accounts payable and accrued expenses$963
X-26 Total liabilitiesStart of year $0$963
X-27 Net assets without donor restrictionsStart of year $371,170$290,470
X-32 Total net assets or fund balancesStart of year $371,170$290,470
X-33 Total liabilities and net assetsStart of year $371,170$291,433
Part XI · Reconciliation of net assets $290,470 net assets at year end
XI-1 Total revenue$436,969
XI-2 Total expenses$529,438
XI-3 Revenue less expenses−$92,469
XI-4 Net assets at start of year$371,170
XI-9 Other changes in net assets$11,769
XI-10 Net assets at end of year$290,470

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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