Wolfeboro Area Childrens Center Inc
- Assets
- $8.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 64
- Location
- Wolfeboro, NH
- Founding
- 10/1974
- Data as of
- 06/2021
- EIN
- 02-0314542
Organization Overview
Wolfeboro Area Childrens Center Inc is located in Wolfeboro, 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 06/2021, Wolfeboro Area Childrens Center Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolfeboro Area Childrens Center Inc 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 06/2021, Wolfeboro Area Childrens Center Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE SOCIAL, EMOTIONAL, AND ECONOMIC WELL BEING OF FAMILIES AND THE COMMUNITY BY MEETING THE NEEDS OF CHILDREN THROUGH COMPREHENSIVE, AFFORDABLE, HIGH QUALITY CHILD AND FAMILY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP DAY CARE - CHILD CARE AND DEVELOPMENTAL PROGRAM FOR CHILDREN AGES 6 WEEKS TO 12 YEARS. THE WOLFEBORO AREA CHILDRENS CENTER IS A NOT-FOR-PROFIT ORGANIZATION FOUNDED IN 1974 TO ENHANCE THE WELL-BEING OF FAMILIIES AND THE COMMUNITY BY MEETING THE NEEDS OF CHILDREN THROUGH COMPREHENSIVE, AFFORDABLE CHILD AND FAMILY SERVICES.
PRESCHOOL/ SPECIAL NEEDS - MAINSTREAM PROGRAMMING AND THERAPIES FOR CHILDREN AGED BIRTH TO 6 YEARS WHO ARE DEVELOPMENTALLY DELAYED OR PHYSICALLY CHALLENGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Ann Cox Executive Director | OfficerTrustee | 50 | $89,500 |
Anne Lehner Board Chair | OfficerTrustee | 2 | $0 |
Shannon Tibbetts Vice Chair | OfficerTrustee | 2 | $0 |
Phil Hayes Secretary | OfficerTrustee | 2 | $0 |
Mj Willemin Treasurer | OfficerTrustee | 2 | $0 |
Erin Aikens Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,557 |
| Investment income | $132,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $245,131 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,538,120 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,260,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $189,388 |
| Payroll taxes | $89,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $655 |
| Fees for services: Accounting | $5,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,346 |
| Advertising and promotion | $1,895 |
| Office expenses | $1,351 |
| Information technology | $30,535 |
| Royalties | $0 |
| Occupancy | $26,057 |
| Travel | $9,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,710 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,896 |
| Insurance | $15,830 |
| All other expenses | $0 |
| Total functional expenses | $1,967,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,323 |
| Savings and temporary cash investments | $820,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,640 |
| 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 | $7,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,245,784 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,727,357 |
| Accounts payable and accrued expenses | $58,490 |
| 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 | $299,396 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $357,886 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $8,369,471 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wolfeboro Area Childrens Center Inc has recieved totaling $261,385.
| Awarding Organization | Amount |
|---|---|
Wg And Jb Manson Charitable Trust Oakland Park, FL | | $184,476 |
Miles Hodsdon Vernon Foundation Inc Queensbury, NY PURPOSE: CHILD ACTIVITIES,MEALS, AND YOUTHACTIVITIES | $50,000 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, AED and related equipment, scholarships | $15,250 |
Jockers Family Foundation Ea0182876 Wilmington, DE PURPOSE: GENERAL | $10,000 |
Henry F Hurlburt Iii Charitable Trust Wolfeboro, NH PURPOSE: GENERAL | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $159 |
Endowment Analysis
| Beg. Balance | $4,168,248 |
| Earnings | $987,407 |
| Net Contributions | $99,770 |
| Other Expense | $166,702 |
| Ending Balance | $5,088,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
Horizons For Homeless Children Inc Roxbury, MA | $38,808,218 | $18,496,836 |
Campus Child Care Inc Cambridge, MA | $6,709,229 | $14,434,733 |
South Shore Stars Inc East Weymouth, MA | $3,629,382 | $9,959,906 |
Springfield Day Nursery Corporation Springfield, MA | $7,228,841 | $10,253,502 |
For Kids Only Afterschool Incorporated Salem, MA | $15,157,232 | $10,496,692 |
Strafford Learning Center Somersworth, NH | $1,490,325 | $6,882,532 |
Boston Chinatown Neighborhood Center Inc Boston, MA | $10,290,236 | $7,467,156 |
Gregg Neighborhood House Association Inc Lynn, MA | $10,315,627 | $7,312,482 |
Acre Family Child Care Inc Lowell, MA | $6,261,840 | $7,159,605 |
The Jewish Community Center Of The North Shore Inc Marblehead, MA | $7,379,696 | $7,117,282 |
Great Bay Kids Company Portsmouth, NH | $5,951,454 | $6,382,180 |