Yellow Brick Road Early Learning Center Inc
Nonprofit profile at a glance
- EIN
- 541101888
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Lexington, VA, USA
- Phone
- 5404637344
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $1,538,838
- Expenses
- $1,423,814
- Assets
- $1,900,198
- Liabilities
- $161,416
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CATHERINE ROY (PRESIDENT & DIRECTOR)
- MISTY CAMDEN (EXECUTIVE DIRECTOR)
Highest reported compensation
- MISTY CAMDEN (EXECUTIVE DIRECTOR): $66,477 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Yellow brick road early learning center, inc., is a non-profit organization for children ages six weeks to six years, is guided by the complimentary values of social diversity, personal responsibility, and developmentally appropriate education. (see schedule o) embracing our role as an institution that both serves and is sustained by the local community, yellow brick road is one of the childhood facilities in the rockbridge area providing need-based scholarships. Believing that every child has the potential to be a productive, engaged member of the community, yellow brick road seeks to lay an educational and social foundation for all students, guiding each child towards their potential in a loving and nurturing environment.
What it reported doing in 2024
The company provides developmentally appropriate education and custodial care for children aged six weeks to six years. Yellow brick road is fully licensed to serve up to 94 children, operating year round, five days a week from 7:30am to 5:30pm. With 25 trained teachers, yellow brick road offers separate programs for infants, toddlers, two year olds, pre-school three year olds and pre-kindergarten four and five year olds. The facility provides two home cooked meals to every child every day. Yellow brick road derives its income from tuition, subsidies from the Virginia department of social services and private fundraising, primarily from the local community. The company owns and operates its own facility at 410 yellow brick road in lexington, Virginia.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.9%; rating input score 83
- Program expense ratio: 88.9%; rating input score 89
- Fundraising efficiency: $21.84 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.5%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 1.33; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 10% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 82.9% of revenue deployed · 88.9% of spending went to programs
- Governance: 11 of 11 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $66K · 12 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Review — Sustainability: Operating margin scored 56/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.