Form 990 for tax year 2023
Filed by FUN TIME EARLY CHILDHOOD ACADEMY INC.
Totals
- Total revenue
- $5,525,016
- Total expenses
- $3,858,100
- Contributions and grants received
- $3,255,256
- Grants paid
- $0
- Program service revenue
- $2,119,308
- Investment income
- $169,632
- Other revenue
- -$19,180
- Total assets, end of year
- $9,532,476
- Total liabilities, end of year
- $276,306
- Net assets or fund balances, end of year
- $9,256,170
- Program services expenses (Part IX)
- $3,306,684
- Management and general expenses
- $437,101
- Fundraising expenses
- $114,315
- Program service expenses (Part III)
- $3,306,684
Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$500,532
-
1e · Government grants (contributions)
$403,380
-
1f · All other contributions, gifts and grants
$2,351,344
-
1g · Noncash contributions included above
$1,250,000
-
2a · Program service revenue: Childcare Fees
total $1,053,969 · related or exempt $1,053,969
-
2b · Program service revenue: Tuition Assistance
total $1,065,339 · related or exempt $1,065,339
-
3 · Investment income
total $113,606 · excluded $113,606
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $56,026
-
7c · Gain or loss
securities $56,026
-
7d · Net gain or loss
total $56,026 · excluded $56,026
-
8a · Fundraising events: gross income
$106,764
-
8a · Fundraising events: contributions included on line 1c
$500,532
-
8b · Fundraising events: direct expenses
$125,944
-
8c · Net income from fundraising events
total -$19,180 · excluded -$19,180
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $147,607 · program services $127,991 · management and general $14,544 · fundraising $5,072
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,243,044 · program services $1,944,949 · management and general $221,017 · fundraising $77,078
-
8 · Pension plan contributions
total $388,102 · program services $333,768 · management and general $42,691 · fundraising $11,643
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $285,870 · program services $251,565 · management and general $28,587 · fundraising $5,718
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $63,067 · program services $5,289 · management and general $52,304 · fundraising $5,474
-
11c · Fees: accounting
total $17,604 · program services $1,476 · management and general $14,600 · fundraising $1,528
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $11,257 · management and general $11,257
-
11g · Fees: other
total $5,900 · program services $495 · management and general $4,893 · fundraising $512
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $69,522 · program services $66,317 · management and general $3,205
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $23,401 · program services $22,763 · management and general $638
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $470 · management and general $470
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $83,641 · program services $72,706 · management and general $10,935
-
23 · Insurance
total $91,376 · program services $91,376
-
24a · Other expenses: Supplies
total $146,081 · program services $134,324 · management and general $5,597 · fundraising $6,160
-
24b · Other expenses: Repairs and Maintenance
total $143,244 · program services $128,920 · management and general $14,324
-
24c · Other expenses: Payroll Fee
total $56,506 · program services $49,725 · management and general $5,651 · fundraising $1,130
-
24d · Other expenses: Utilities
total $36,139 · program services $32,525 · management and general $3,614
-
24e · All other expenses
total $45,269 · program services $42,495 · management and general $2,774
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $489,313 · end of year $435,894
-
2 · Savings and temporary cash investments
beginning of year $408,301 · end of year $686,107
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $50,707 · end of year $50,708
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $47,499 · end of year $102,635
-
10a · Land, buildings and equipment: cost or other basis
$4,060,897
-
10b · Land, buildings and equipment: accumulated depreciation
$1,268,870
-
10c · Land, buildings and equipment, net
beginning of year $1,426,077 · end of year $2,792,027
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,535,002 · end of year $5,465,105
-
17 · Accounts payable and accrued expenses
beginning of year $96,037 · end of year $179,172
-
25 · Other liabilities
beginning of year $10,785 · end of year $97,134
-
27 · Net assets without donor restrictions
beginning of year $6,408,396 · end of year $8,819,721
-
28 · Net assets with donor restrictions
beginning of year $441,681 · end of year $436,449
Mission and programs · 2023
Mission
To provide affordable, high-quality early learning for underserved children from working families, preparing them for success in kindergarten and beyond.
-
Fun Time Academy provides affordable, high-quality early learning for underserved children from working families, preparing them for success in kindergarten and beyond. Through a safe, nurturing, and academically enriching environment, we equip children aged birth to five with the foundational skills necessary for lifelong learning. During the fiscal year, we served up to 350 children across four locations, delivering a research-based curriculum aligned with state early learning standards. We utilize Teaching Strategies Gold Assessments to monitor each childs progress and implement individualized learning strategies that support cognitive, social-emotional, and physical development. Recognizing the vital role families play in early education, we hosted monthly parent involvement activities to strengthen the connection between home and school. Additionally, we maintained strategic community partnerships ensuring families have the support they need. As a highly rated provider through the Early Learning Coalition, with one location holding national accreditation, we remain dedicated to delivering the highest standards in early childhood education.
Expenses $3,306,684 · Revenue $2,119,308
As filed on the 2023 return.
Listed in Part VII
-
Jessica Campbell
Executive Dir.
- Total calculated
- $192,029
- From this org
- $167,796
- From related orgs
- $0
- Other
- $24,233
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,796
- Bonus
- $20,000
- Other
- not reported
- Deferred
- $20,999
- Nontaxable benefits
- $3,234
- Filer's total
- $192,029
-
Kris Pfaehler
Past Chair
- Total calculated
- $0
- Hours/week
- 2
-
Karen Lutz
Chairman
- Total calculated
- $0
- Hours/week
- 10
-
Fran O'Sullivan
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Linda B Carter
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Cindy Babka
Director
- Total calculated
- $0
- Hours/week
- 2
-
Alexis Barkis
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tom Gayer
Director
- Total calculated
- $0
- Hours/week
- 2
-
Pam Heffernan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Don Lawson
Director
- Total calculated
- $0
- Hours/week
- 4
-
Karen Hopper
Director
- Total calculated
- $0
- Hours/week
- 4
-
Lisa L Sanchez
Director
- Total calculated
- $0
- Hours/week
- 4
-
Kelly Saylor
Director
- Total calculated
- $0
- Hours/week
- 2
-
Roger Schorr
Director
- Total calculated
- $0
- Hours/week
- 4
-
Bob Polizzotto
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530439349300233
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