JOYFUL BEGINNINGS EARLY EDUCATION PROGRAM Inc

EIN: 475226406 501(c)(3)

Waterford, NY

Total Revenue
$869,297
Total Expenses
$1,063,759
Total Assets
$187,913
Net Assets
$-279,248
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
Jason Wellington
Tax Period
2020-01-01 to 2020-12-31

JOYFUL BEGINNINGS EARLY EDUCATION PROGRAM Inc, founded in 2017, is a small nonprofit that reported $869K in total revenue in fiscal year 2020. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

Providing Childcare Services

Program Service Accomplishments

Program 1
Expenses: $320,948 Revenue: $289,766

We have toddler classrooms to make sure that your child is cared for and able to socialize with other toddlers in their developmental stage focusing on concentration skills motor skills sensory...

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We have toddler classrooms to make sure that your child is cared for and able to socialize with other toddlers in their developmental stage focusing on concentration skills motor skills sensory development and language development.

Program 2
Expenses: $320,948 Revenue: $289,765

We accept 3- to 5-year-olds into our preschool program. The children in the program are grouped by development and skill level rather than age. We have a structured classroom setting to help your...

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We accept 3- to 5-year-olds into our preschool program. The children in the program are grouped by development and skill level rather than age. We have a structured classroom setting to help your child excel in kindergarten. We will help your child learn: Speaking and writing Math sorting and categorizing Science and exploration.

Program 3
Expenses: $320,947 Revenue: $289,766

Infants from three months old and older. Our program focuses on keeping your child on track throughout the day and keeping them active. We understand that it is important to know that your child is...

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Infants from three months old and older. Our program focuses on keeping your child on track throughout the day and keeping them active. We understand that it is important to know that your child is in good hands and will be cared for while you are away. That is why we are sure to communicate with you about your child to make sure that we have a daily record of their moods and feelings.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $869,297
Investment Income $0
Other Revenue $0
TOTAL REVENUE $869,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $544,400
Fundraising Expenses $0
Program Expenses $962,843
Other Expenses $519,359
TOTAL EXPENSES $1,063,759

Year-over-Year Comparison

2020 2019 Change
Revenue $869,297 $605,392 +0.4%
Expenses $1,063,759 $688,464 +0.5%
Net Income $-194,462 $-83,072 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
40
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Winnifred Wellington Officer 5.00
Officer
$0 $0 $0
Jason Wellington Officer 35.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $869,297 $1,063,759 $187,913 $-194,462
2019 $605,392 $688,464 $233,797 $-83,072
2018 $333,549 $331,289 $71,858 $2,260
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