Milton Learning Center
- Assets
- $253.4k
- Revenue
- $333.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Milton, NH
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 02-0392003
Organization Overview
Milton Learning Center is located in Milton, NH. The organization was established in 2007. 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 12/2021, Milton Learning Center employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milton 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 12/2021, Milton Learning Center generated $333.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $274.8k during the year ending 12/2021. While expenses have increased by 4.6% 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
KINDERGARTEN & PRESCHOOL PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HIGH QUALITY PRESCHOOL AND KINDERGARTEN EDUCATION AT AN AFFORDABLE AMOUNT TO FAMILIES WITH YOUNG CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Crew Director/teacher | OfficerTrustee | 40 | $91,765 |
Joanne Gourley Vice President | OfficerTrustee | 40 | $40,985 |
Laurel Slater Secretary | OfficerTrustee | 40 | $34,656 |
Carrie Rioux Fund Raising Chair | OfficerTrustee | 9 | $10,035 |
Diane B Guindon President/treas | OfficerTrustee | 15 | $6,570 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,148 |
| Total Program Service Revenue | $231,382 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,246 |
| Compensation of current officers, directors, key employees. | $6,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,337 |
| Payroll taxes | $16,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,401 |
| Office expenses | $2,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,272 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $500 |
| Interest | $1,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,514 |
| Insurance | $3,484 |
| All other expenses | $8,717 |
| Total functional expenses | $274,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,024 |
| Savings and temporary cash investments | $44,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $101,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $253,366 |
| Accounts payable and accrued expenses | $5,268 |
| 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 | $19,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,903 |
| Net assets without donor restrictions | $228,463 |
| 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 | $253,366 |
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|---|---|---|
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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 |
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The Jewish Community Center Of The North Shore Inc Marblehead, MA | $7,379,696 | $7,117,282 |