Childrens Center
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Portland, ME
- Founding
- 11/2000
- Data as of
- 08/2023
- EIN
- 01-0534293
Organization Overview
Childrens Center is located in Portland, ME. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2023, Childrens Center employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Childrens Center generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.9m during the year ending 08/2023. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHILDREN'S CENTER PROVIDES EARLY CHILD CARE AND EDUCATION IN A VIBRANT LEARNING COMMUNITY THAT EMPHASIZES PERSONAL DEVELOPMENT, SOCIAL RELATIONSHIPS AND FAMILY INVOLVEMENT, IN ORDER TO ESTABLISH A FOUNDATION FOR LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LICENSED TODDLER CARE, PRESCHOOL AND PRE-KINDERGARTEN PROGRAMS FOR CHILDREN AGES 18 MONTHS TO 6 YEARS OF AGE. THE CENTER SERVICED OVER 100 CHILDREN, EITHER FULL-TIME OR PART-TIME, THROUGHOUT THE COURSE OF THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne L Soto Executive Director | 40 | $62,634 | |
Scott Sarapas Treasurer | OfficerTrustee | 5 | $0 |
Essie Haimes President | OfficerTrustee | 0 | $0 |
Jenny Beverly Director | Trustee | 5 | $0 |
Luke Livingston Director | Trustee | 5 | $0 |
Joanna Love Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $400 |
| Related organizations | $0 |
| Government grants | $95,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,246 |
| Total Program Service Revenue | $1,756,046 |
| Investment income | $685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,411 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,867,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,253 |
| Compensation of current officers, directors, key employees. | $38,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,068,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $260,758 |
| Payroll taxes | $96,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,242 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,485 |
| Advertising and promotion | $9,111 |
| Office expenses | $24,679 |
| Information technology | $14,766 |
| Royalties | $0 |
| Occupancy | $78,176 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,822 |
| Insurance | $27,872 |
| All other expenses | $32,298 |
| Total functional expenses | $1,944,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,605 |
| Savings and temporary cash investments | $231,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,418 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,475 |
| Net Land, buildings, and equipment | $902,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,758 |
| Other assets | $3,909 |
| Total assets | $1,238,111 |
| Accounts payable and accrued expenses | $12,432 |
| Grants payable | $0 |
| Deferred revenue | $124,690 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $361,451 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,181 |
| Total liabilities | $501,754 |
| Net assets without donor restrictions | $736,357 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,238,111 |