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Hillsborough County School Readiness Coalition, Inc.

aka Early Learning Coalition of Hillsborough County   |   Tampa, FL   |  https://www.elchc.org/
GuideStar Charity Check

Hillsborough County School Readiness Coalition, Inc.

EIN: 59-3626765

Mission

The Early Learning Coalition of Hillsborough County is a nonprofit that works to ensure all our community's youngest children grow up to achieve anything they can imagine by providing the best possible early learning experiences and supporting the families and teachers who care for them. Working together with families, educators and community partners to prepare every child for kindergarten, we are creating a brighter future for Hillsborough County and all who live and work here.

Ruling year info

2001

Chief Executive Officer

Dr. Fred L. Hicks

Main address

6302 E Martin Luther King Jr Blvd Suite 100

Tampa, FL 33619 USA

Show more contact info

EIN

59-3626765

Subject area info

Early childhood education

Job creation and workforce development

Youth development

Youth services

Population served info

Children and youth

NTEE code info

Children's and Youth Services (P30)

Other Youth Development N.E.C. (O99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The Early Learning Coalition of Hillsborough County provides subsidized child care for working-poor families. School Readiness programs provide children access to safe, early learning environments and parents the ease of mind while they work to become financially self-sufficient. Early learning programs provide the foundation children need to be successful, life-long learners. Voluntary Prekindergarten is free for all 4-year-olds (and some 5-year-olds) that reside in Florida. VPK provides the self-management and emergent literacy skills that are critical for a child’s academic success. VPK provides a quality early learning experience at participating private and faith-based child care centers, many public schools, Head Start sites, as well as licensed family child care homes. Children are taught emergent literacy skills, such as letter and sound recognition, which are critical for academic success. Each child has access to qualified instructors and age-appropriate curricula.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Voluntary Prekindergarten

The Voluntary PreKindergarten (VPK) program prepares 4-year-olds for kindergarten. VPK provides the self-management and emergent literacy skills that are critical for a child’s academic success. VPK provides a quality early learning experience at participating private and faith-based child care centers, many public schools and Head Start sites, as well as licensed family child care homes. The program is free to all Florida residents regardless of income. Parents have the option of selecting from either a school year program with 540 instructional hours or a summer program that includes 300 instructional hours.

Children are taught emergent literacy skills, such as letter and sound recognition, which are critical for academic success. Each child has access to qualified instructors and age-appropriate curricula.

VPK is FREE for all 4-year-olds who reside in Florida. VPK programs feature:

Qualified instructors
Age-appropriate curricula and a strong emphasis on early literacy skills
Manageable class sizes

Population(s) Served
Infants and toddlers

The School Readiness program provides financial assistance for child care services to qualified Hillsborough County families. The program provides parents access to high-quality early care and education while they are working to become financially self-sufficient. Parents are provided with information on child development, as well as parent engagement opportunities that reinforce the belief that parents are their child’s first teacher.

Child care services are based on individual need and can include extended day, extended year, and, in some cases, school-age care to support parents becoming financially self-sufficient.

Population(s) Served
Children and youth

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The mission of the Early Learning Coalition of Hillsborough County is to promote school and life success for all young children and their families through quality school readiness services and supports.

Early Learning Coalition of Hillsborough County's goal is that all Hillsborough County children will grow up in a safe, supportive, and nurturing environment where:
-Their physical, social, emotional and intellectual health is a primary focus of attention at home and in the community.
-Their families are supported in ways that promote good parenting.
-Their families and caregivers are supported in promoting each individual child’s well-being and readiness to succeed in school and life.

Financials

Hillsborough County School Readiness Coalition, Inc.
Fiscal year: Jul 01 - Jun 30
Financial documents
2022 Early 2021 A-133 Single Audit 2020 A-133 Single Audit 2018 A-133 Single Audit 2017 A-133 Single Audit
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.62

Average of 0.46 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.6

Average of 0.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

37%

Average of 35% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Hillsborough County School Readiness Coalition, Inc.

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Hillsborough County School Readiness Coalition, Inc.

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Hillsborough County School Readiness Coalition, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Hillsborough County School Readiness Coalition, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 picture_as_pdf View full report cloud_downloadDownload data

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $169,764 -$441,413 $2,796,091 -$195,840 $765,866
As % of expenses 0.2% -0.5% 2.9% -0.2% 0.6%
Unrestricted surplus (deficit) after depreciation $169,764 -$441,413 $2,796,091 -$195,840 $765,866
As % of expenses 0.2% -0.5% 2.9% -0.2% 0.6%
Revenue composition info
Total revenue (unrestricted & restricted) $76,879,754 $83,590,066 $98,959,370 $100,070,263 $130,761,950
Total revenue, % change over prior year -1.6% 8.7% 18.4% 1.1% 30.7%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.5% 0.0% 0.0% 0.0%
Government grants 99.8% 99.5% 96.4% 97.3% 98.1%
All other grants and contributions 0.2% 0.0% 3.6% 2.7% 1.9%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $76,709,990 $84,031,479 $96,163,279 $100,266,103 $129,996,084
Total expenses, % change over prior year -1.3% 9.5% 14.4% 4.3% 29.7%
Personnel 4.9% 5.7% 7.4% 8.2% 7.4%
Professional fees 0.5% 1.0% 89.7% 80.2% 68.0%
Occupancy 0.5% 0.5% 0.4% 0.5% 0.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 93.0% 52.9% 1.4% 10.0% 22.6%
All other expenses 1.0% 39.8% 1.1% 1.2% 1.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $76,709,990 $84,031,479 $96,163,279 $100,266,103 $129,996,084
One month of savings $6,392,499 $7,002,623 $8,013,607 $8,355,509 $10,833,007
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $83,102,489 $91,034,102 $104,176,886 $108,621,612 $140,829,091

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.6 0.1 0.7 0.9 0.6
Months of cash and investments 0.6 0.1 0.7 0.9 0.6
Months of estimated liquid unrestricted net assets 0.3 0.2 0.5 0.5 0.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $4,024,647 $449,417 $5,382,503 $7,485,743 $6,142,235
Investments $0 $0 $0 $0 $0
Receivables $7,428,491 $8,219,892 $12,430,135 $5,276,784 $8,596,497
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 83.0% 83.0% 76.0% 68.0% 67.1%
Unrestricted net assets $1,943,681 $1,502,268 $4,298,359 $4,102,519 $4,868,385
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $1,943,681 $1,502,268 $4,298,359 $4,102,519 $4,868,385

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Chief Executive Officer

Dr. Fred L. Hicks

Dr. Fredrick L. Hicks is an accomplished leader in the world of technology and cybersecurity and currently serves as CEO of the Early Learning Coalition of Hillsborough County (ELCHC). At the ELCHC, Dr. Hicks devotes himself to ensuring Hillsborough’s youngest citizens are equipped with everything they need to be kindergarten-ready and set them up for ongoing life successes. He has over 23 years of experience in technology and cybersecurity, most recently serving as Senior VP of Technology and Cybersecurity at the Early Learning Coalition of Miami-Dade and Monroe. Dr. Hicks holds an Executive Doctorate in Business Administration in Information Security from St. Thomas University (May 2021) and an array of technical certifications. Dr. Hicks has also served on numerous boards of organizations including but not limited to the Miami-Dade County Mayor Blue Ribbon Children's Commission Committee and Greater Miami-Chamber of Commerce Technology Smart Cities Committee.

Number of employees

Source: IRS Form 990

Hillsborough County School Readiness Coalition, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Hillsborough County School Readiness Coalition, Inc.

Board of directors
as of 10/20/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Aakash Patel

Elevate, Inc.

Term: 2014 -


Board co-chair

Dr. Shawn Robinson

Hillsborough Community College

Term: 2019 -

Organizational demographics

SOURCE: Self-reported; last updated 10/20/2023
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Male

Race & ethnicity

Gender identity

 

Sexual orientation

No data

Disability

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.