Monadnock Community Early Learning Center
- Assets
- $304.1k
- Revenue
- $631.3k
- Investments
- $57.2k
- Employees
- 30
- Location
- Peterborough, NH
- Founding
- 07/1974
- Data as of
- 12/2022
- EIN
- 02-0279045
Organization Overview
Monadnock Community Early Learning Center is located in Peterborough, NH. The organization was established in 1974. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2022, Monadnock Community Early Learning Center employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monadnock Community Early Learning 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 12/2022, Monadnock Community Early Learning Center generated $631.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $783.1k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EARLY LEARNING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EARLY LEARNING SERVICES TO FURTHER THE SOCIAL, EMOTIONAL, AND INTELLECTUAL DEVELOPMENT OF PRE-ADOLESCENT CHILDREN. CURRENT APPROVED CAPACITY: 87 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Danforth Board Chair | OfficerTrustee | 1 | $0 |
William Hall Member At Large | Trustee | 1 | $0 |
Nick Zotto Treasurer | OfficerTrustee | 1 | $0 |
William Gurney Member At Large | Trustee | 1 | $0 |
Eric Richards Member At Large | Trustee | 1 | $0 |
Jared Barnhard Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,662 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,445 |
| Total Program Service Revenue | $455,187 |
| Investment income | $2,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $631,347 |
| 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. | $59,891 |
| Compensation of current officers, directors, key employees. | $6,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $493,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $47,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,656 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,929 |
| Insurance | $42,096 |
| All other expenses | $4,080 |
| Total functional expenses | $783,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,832 |
| Savings and temporary cash investments | $58,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,638 |
| 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 | $1,913 |
| Net Land, buildings, and equipment | $175,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $57,242 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,082 |
| Accounts payable and accrued expenses | $20,936 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,936 |
| Net assets without donor restrictions | $218,251 |
| Net assets with donor restrictions | $64,895 |
| 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 | $304,082 |