The Villages Early Childhood Center, Inc.

Legal name: The Villages Early Childhood Center Inc

Nonprofit profile at a glance

EIN
923205371
IRS 990 coverage
2023–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-N 2022
Location
The Villages, FL, US
Phone
352-259-7161
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$53,631,299
Expenses
$5,681,738
Assets
$48,663,217
Liabilities
$999,912

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KELSEA MANLY (PRESIDENT THRU 6/2/25)
  • AUDRA PLATT (VICE PRESIDENT)
  • SHANNON OTERO (EXECUTIVE DIRECTOR THRU 6/25)

Highest reported compensation

  • SHANNON OTERO (EXECUTIVE DIRECTOR THRU 6/25): $73,630 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide excellent care and an outstanding early education for children from 12 months old through pre-kindergarten, preparing them for success in kindergarten and beyond.

What it reported doing in 2024

The villages early childhood center served 441 students between both locations, providing quality early childhood education, early enrichment activities for 3 and 4 year olds and the Florida voluntary pre-k program

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 94
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10.4%; rating input score 10
  • Program expense ratio: 98%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 89.4%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 8.56; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 88; 88th percentile among comparable filings

Growth

  • Program expense growth: 0.2% per year; rating input score 100; 8th percentile among comparable filings
  • Revenue growth: 163.6% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 198.9% per year; rating input score 100; 100th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 10.4% of revenue deployed · 98% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5.6M in reported program spending
  • Leadership: top reported pay $74K · 7 people listed
  • Highest-paid contractors: 3 contractors listed · $1.3M reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 10/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.