Nonprofit · EIN 58-2491036
EARLY LEARNING PROPERTY MANAGEMENT INC
Tax-exempt · ATLANTA, GA 30327
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,660,018 | $4,743,089 | $916,929 | $30,600,966 | $999,341 | $29,601,625 |
| December 31, 2024 | 990 | $4,326,859 | $3,393,211 | $933,648 | $28,811,622 | $959,683 | $27,851,939 |
| December 31, 2023 | 990 | $3,413,740 | $2,842,341 | $571,399 | $27,345,056 | $1,011,942 | $26,333,114 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,045,099
- Program service revenue
- $1,414,869
- Investment income
- $2,200,050
- Net gain from sales of assets
- $1,914,852
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,476,450
- Compensation of officers, directors and key employees
- $219,167
- Other salaries and wages
- $212,826
- Salaries, compensation and benefits (total)
- $485,989
- Professional fundraising fees
- $0
- Accounting fees
- $93,694
- Occupancy
- $39,818
- Travel
- $12,225
- Depreciation
- $728,584
- Program services (functional)
- $4,027,453
- Management and general (functional)
- $715,636
Balance sheet and other
- Total assets, start of year
- $28,811,622
- Total assets, end of year
- $30,600,966
- Total liabilities, end of year
- $999,341
- Net assets, end of year
- $29,601,625
- Land, buildings and equipment
- $13,199,165
- Publicly traded securities
- $7,448,415
- Net assets without donor restrictions
- $23,850,807
- Net assets with donor restrictions
- $5,750,818
- Gross receipts
- $6,101,745
- Employees
- 3
- Volunteers
- 12
- Year formed
- 1999
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA PORTNELL | EXECUTIVE DIRECTOR Officer | 50 | $175,500 | $43,667 |
| MICHAEL LUNTSFORD | PROJECT MGR./BLDG OPS Highest-paid employee | 40 | $119,368 | $0 |
| JIM BEATY | CHAIRMAN Trustee or director, Officer | 0.1 | $0 | $0 |
| DAVE MATHEWS | FINANCE COMMITTEE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
| EDRICK HARRIS | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 |
| AUDREY IDAIKKADAR | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| DELILAH WYNN-BROWN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| ELLYN COCHRAN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| GAIL EDWARDS | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| JONATHAN LEVENS | TRUSTEE(AS OF 6/25) Trustee or director | 0.1 | $0 | $0 |
| MARK SUTTON | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| MARY PAT CROUCH | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| YOLANDA MARROQUIN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA PORTNELL | EXECUTIVE DIRECTOR Officer | 50 | $162,666 | $40,666 |
| MICHAEL LUNTSFORD | PROJECT MANAGER/BUILDING OPERATIONS Highest-paid employee | 40 | $110,591 | $0 |
| JIM BEATY | CHAIRMAN (START 6/30/2024) Trustee or director, Officer | 0.1 | $0 | $0 |
| DAVID HADDOW | CHAIRMAN (THRU 6/30/2024) Trustee or director, Officer | 0.1 | $0 | $0 |
| DAVE MATHEWS | FINANCE COMMITTEE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
| EDRICK HARRIS | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 |
| AUDREY IDAIKKADAR | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| DELILAH WYNN-BROWN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| ELLYN COCHRAN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| GAIL EDWARDS | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| JERE SMITH | TRUSTEE (THRU 6/30/2024) Trustee or director | 0.1 | $0 | $0 |
| MARK SUTTON | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| MARY PAT CROUCH | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| YOLANDA MARROQUIN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| BANK HIPP | TRUSTEE (THRU 6/30/2024) Trustee or director | 0.1 | $0 | $0 |
| DONATA RUSSELL ROSS | TRUSTEE (THRU 6/30/2024) Trustee or director | 0.1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA PORTNELL | EXECUTIVE DIRECTOR Officer | 40 | $154,167 | $38,750 |
| DAVID F HADDOW | CHAIRMAN Trustee or director, Officer | 0.1 | $0 | $0 |
| DAVE MATHEWS | FINANCE COMMITTEE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 |
| JIM BEATY | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 |
| MARY PAT CROUCH | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| GAIL EDWARDS | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| EDRICK HARRIS | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| BANK HIPP | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| YOLANDA MARROQUIN | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| DONATA RUSSELL ROSS | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| JERE J SMITH | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
| MARK SUTTON | TRUSTEE Trustee or director | 0.1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3715 NORTHSIDE PKWY NW STE 3-660, ATLANTA, GA 30327-2808
- In care of
- % LYNN PATTILLO
- Principal officer (990 for 2025)
- JAMES W BEATY JR, 3715 NORTHSIDE PARKWAY NW 3-660, ATLANTA, GA 30327
- Signed the 990
- JAMES W BEATY JR, CHAIRMAN
- Phone
- (678) 377-1777
- Website
- WWW.ELPM.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
TO TRANSFORM EARLY CHILDHOOD DEVELOPMENT IN UNDERSERVED COMMUNITIES BY BUILDING AND MAINTAINING HIGH QUALITY, SAFE FACILITIES AND ENHANCING EXISTING CENTERS.
Program accomplishments
- THE ORGANIZATION PERFORMS TWO RELATED FUNCTIONS. THE FIRST IS TO PURCHASE OR BUILD FACILITIES FOR EARLY LEARNING PROGRAMS RUN BY 501(C)(3) ORGANIZATIONS, SUCH AS HEADSTART. AS OF DECEMBER 31, 2025, THE ORGANIZATION HAS COMPLETED ELEVEN CONSTRUCTION/RENOVATION PROJECTS. UPON COMPLETION OF THE CONSTRUCTION/RENOVATION, THE PROPERTIES ARE LEASED AT A BELOW-MARKET RENT TO 501(C)(3) ORGANIZATIONS WHICH PROVIDE EARLY LEARNING PROGRAMS. SUCH RENT COVERS THE COSTS OF LEASING AND MAINTAINING THE FACILITIES AS WELL AS FUTURE CAPITAL IMPROVEMENTS. AS OF DECEMBER 31, 2025, THE ORGANIZATION HAS LEASED THE ELEVEN COMPLETED PROJECTS.Expenses $1,551,003 · revenue $1,414,869
- DURING 2021, THE ORGANIZATION BEGAN A NEW PROGRAM, QUALITY FACILITIES INITIATIVE, AND COLLABORATED WITH GEEARS, THE GEORGIA EARLY EDUCATION ALLIANCE FOR READY STUDENTS, INC. IN ITS PAACT PROGRAM TO HELP EARLY CHILDHOOD EDUCATION PROVIDERS IMPROVE THE QUALITY OF EARLY LEARNING ENVIRONMENTS BY MAKING GRANTS AVAILABLE FOR SMALL CAPITAL AND MAINTENANCE PROJECTS FOR EXISTING EARLY LEARNING FACILITIES. THE ORGANIZATION WILL USE ITS EXTENSIVE KNOWLEDGE REGARDING THE CONSTRUCTION/RENOVATION OF EARLY LEARNING FACILITIES TO OVERSEE THE CAPITAL AND MAINTENANCE PROJECTS ON BEHALF OF THE GRANT RECIPIENTS.Expenses $2,451,389 · grants $2,451,389
- THE SIBLEY GRANT IS A COMPETITION BETWEEN ONLY THE ELPM CENTERS AS DEEMED BY THE ORIGINAL GIFTING FUNDERS: THE HARLAND FOUNDATION ($100,000) AND THE PITTULLOCH FOUNDATION ($100,000). EACH YEAR THE ELPM CENTERS COMPETE FOR THIS GRANT TO INTRODUCE A NEW PROGRAM TO THEIR EXISTING PROGRAM SERVICES.Expenses $25,061 · grants $25,061
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-2491036
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L11)
- Assets (IRS master file)
- $30,600,966
- Income (IRS master file)
- $6,101,745
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,660,018 | $4,743,089 | $30,600,966 | XML |
| 990 | December 2024 | $4,326,859 | $3,393,211 | $28,811,622 | XML |
| 990 | December 2023 | $3,413,740 | $2,842,341 | $27,345,056 | XML |
| 990 | December 2022 | $2,392,427 | $2,405,770 | $26,367,579 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2491036).
Questions about EARLY LEARNING PROPERTY MANAGEMENT INC
- What is the EIN of EARLY LEARNING PROPERTY MANAGEMENT INC?
- The employer identification number (EIN) of EARLY LEARNING PROPERTY MANAGEMENT INC is 58-2491036.
- Is EARLY LEARNING PROPERTY MANAGEMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to EARLY LEARNING PROPERTY MANAGEMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EARLY LEARNING PROPERTY MANAGEMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EARLY LEARNING PROPERTY MANAGEMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EARLY LEARNING PROPERTY MANAGEMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of EARLY LEARNING PROPERTY MANAGEMENT INC?
- The 990 for the year ended December 31, 2025 names JAMES W BEATY JR.
- Who are the officers and directors of EARLY LEARNING PROPERTY MANAGEMENT INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $175,500 (KARA PORTNELL, EXECUTIVE DIRECTOR).
- How much revenue does EARLY LEARNING PROPERTY MANAGEMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,660,018, expenses of $4,743,089 and total assets of $30,600,966 at year end.
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