OLIVET ACADEMY EARLY LEARNING CENTER

EIN: 882158874 501(c)(3) Human Services

WINGDALE, NY

Total Revenue
$462,333
Total Expenses
$420,261
Total Assets
$81,178
Net Assets
$80,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
SUNMYUNG KIM
Phone
9178600409
Tax Period
2024-01-01 to 2024-12-31

OLIVET ACADEMY EARLY LEARNING CENTER, founded in 2020, is a small nonprofit in the Human Services sector that reported $462K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $420K left a modest 9% surplus.

Mission

THE MISSION IS TO PROVIDE QUALITY CHILDCARE AND CHILDHOOD EDUCATION TO INFANTS AND TODDLERS IN A CHRISTIAN ENVIRONMENT FOLLOWING BIBLICAL PRINCIPALS.

Program Service Accomplishments

Program 1
Expenses: $157,052 Revenue: $0

TODDLER CARE: - THE TODDLER PROGRAM CONTINUED TO GROW AND WAS DEVELOPED FURTHER WITH NEW STAFF AND CLASSROOM MATERIALS. CHILDREN DEVELOPED INDEPENDENCE THROUGH FUN LEARNING EXPERIENCES AND LEARNT...

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TODDLER CARE: - THE TODDLER PROGRAM CONTINUED TO GROW AND WAS DEVELOPED FURTHER WITH NEW STAFF AND CLASSROOM MATERIALS. CHILDREN DEVELOPED INDEPENDENCE THROUGH FUN LEARNING EXPERIENCES AND LEARNT VALUABLE SKILLS IN ORDER TO INTERACT WITH THE WORLD AROUND THEM. THEY ENJOYED CIRCLE TIME MORNING WORSHIP ART INTEGRATION IMAGINARY PLAY MUSIC BIBLE STORIES PLAY-DOUGH BLOCKS PUZZLES CONSTRUCTION TOYS AND OUTDOOR TIME.

Program 2
Expenses: $144,452 Revenue: $0

PRESCHOOLER CARE- CHILDREN WERE INTRODUCED TO A COOPERATIVE LEARNING ENVIRONMENT WHERE THEY CAN DISCOVER INTERESTS AND LEARN IN MORE STRUCTURED WAYS. THE PROGRAM HELPED CHILDREN IMPROVE THEIR MOTOR...

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PRESCHOOLER CARE- CHILDREN WERE INTRODUCED TO A COOPERATIVE LEARNING ENVIRONMENT WHERE THEY CAN DISCOVER INTERESTS AND LEARN IN MORE STRUCTURED WAYS. THE PROGRAM HELPED CHILDREN IMPROVE THEIR MOTOR SKILLS READING LEVEL MATH UNDERSTANDING ART MUSIC BIBLE CLASS AND BIBLE VERSE MEMORIZATION.

Program 3
Expenses: $47,500 Revenue: $0

INFANT CARE- THE INFANT CARE PROGRAM AT THE CENTER FOCUSES ON CREATING A NURTURING ENVIRONMENT THROUGH ACTIVITIES THAT SUPPORT EARLY DEVELOPMENT. SENSORY EXPLORATION TUMMY TIME AND INTERACTIVE PLAY...

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INFANT CARE- THE INFANT CARE PROGRAM AT THE CENTER FOCUSES ON CREATING A NURTURING ENVIRONMENT THROUGH ACTIVITIES THAT SUPPORT EARLY DEVELOPMENT. SENSORY EXPLORATION TUMMY TIME AND INTERACTIVE PLAY HELP INFANTS BUILD FOUNDATIONAL MOTOR SOCIAL AND COGNITIVE SKILLS. INFANT TEACHERS ALSO ENGAGE INFANTS IN GENTLE MUSIC STORYTELLING AND PLAY TIME TO FOSTER LANGUAGE DEVELOPMENT AND NATURAL CURIOSITY IN A SAFE STIMULATING SETTING

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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 (2024)

Revenue Breakdown

Contributions & Grants $100,058
Program Service Revenue $362,275
Investment Income $0
Other Revenue $0
TOTAL REVENUE $462,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $323,363
Fundraising Expenses $0
Program Expenses $349,004
Other Expenses $96,898
TOTAL EXPENSES $420,261

Year-over-Year Comparison

2024 2023 Change
Revenue $462,333 $371,596 +0.2%
Expenses $420,261 $337,559 +0.2%
Net Income $42,072 $34,037 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
9
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
1
$1,500
Total Directors
3
$0
Key Employees
1
$1,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUNMYUNG KIM DIRECTOR 40.00
Officer Key Emp
$1,500 $0 $1,500
MARIAN REBRO CHAIRMAN 1.00
Director
$0 $0 $0
ANABELA BARTOVIC TREASURER 1.00
Director
$0 $0 $0
HAEJO YIM SECRETARY 1.00
Director
$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
2025 No data No data No data No data
2024 $462,333 $420,261 $81,178 $42,072
2023 $371,596 $337,559 $38,913 $34,037
2022 $309,391 $306,056 $8,724 $3,335
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