Cedarcrest Inc
- Assets
- $21.7m
- Revenue
- $10.3m
- Investments
- $15.9m
- Employees
- 156
- Location
- Keene, NH
- Founding
- 12/1991
- Data as of
- 06/2021
- EIN
- 02-0441832
Organization Overview
Cedarcrest Inc is located in Keene, NH. The organization was established in 1991. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Cedarcrest Inc employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedarcrest 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, Cedarcrest Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 2.4% 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 ENRICH THE LIVES OF CHILDREN WITH COMPLEX MEDICAL AND DEVELOPMENTAL NEEDSTO SUPPORT THEIR FAMILIES, AND TO COLLABORATE WITH OTHER COMMUNITY PROVIDERS TO BUILD A CONTINUUM OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDARCREST, INC. PROVIDES INPATIENT MEDICAL/RESIDENTIAL CARE FOR UP TO 26 CHILDREN FROM INFANTS TO AGE 21 WHO HAVE AN INCREASINGLY COMPLEX SET OF MEDICAL AND DEVELOPMENTAL NEEDS INCLUDING VENTILATOR OR IV SUPPORT. CEDARCREST, INC. ALSO PROVIDES AN ONSITE YEAR-ROUND SPECIAL EDUCATION PROGRAM FOR UP TO 20 DAY AND RESIDENTIAL STUDENTS. CEDARCREST, INC. OFFERS AN INFANT-TODDLER PROGRAM FOR CHILDREN IN THE CENTER'S CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Gray President | Officer | 40 | $158,324 |
Sheila Carrier Director Of Nursing | 40 | $115,828 | |
Lori Myers Nurse Manager | 40 | $111,472 | |
Karen Gallas Dir. Of Finance | Officer | 40 | $108,509 |
Kathy Willbarger Chair | OfficerTrustee | 1 | $0 |
Cameron Tease Secretary As Of October 2020 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,946,505 |
| Investment income | $257,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,852 |
| Net Gain/Loss on Asset Sales | $1,412,499 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,252,863 |
| 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. | $298,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,573,017 |
| Pension plan accruals and contributions | $44,858 |
| Other employee benefits | $448,660 |
| Payroll taxes | $344,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,240 |
| Fees for services: Accounting | $43,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,192 |
| Fees for services: Other | $109,113 |
| Advertising and promotion | $5,219 |
| Office expenses | $64,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,363 |
| Travel | $2,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,107 |
| Insurance | $142,194 |
| All other expenses | $0 |
| Total functional expenses | $7,433,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,567,295 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $864,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,797 |
| Prepaid expenses and deferred charges | $111,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,929,982 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,669,705 |
| Accounts payable and accrued expenses | $686,500 |
| Grants payable | $0 |
| Deferred revenue | $1,750 |
| 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 | $7,552 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,918 |
| Total liabilities | $781,720 |
| 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 | $20,887,985 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cedarcrest Inc has recieved totaling $45,459.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For desig. dist., children's programming, equipment | $32,931 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,292 |
Hoffman Family Foundation Boston, MA PURPOSE: GENERAL | $1,000 |
Corning Incorporated Foundation Corning, NY PURPOSE: GENERAL PROGRAM SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $236 |
Endowment Analysis
| Beg. Balance | $205,772 |
| Earnings | $43,529 |
| Net Contributions | $18,555 |
| Other Expense | $6,844 |
| Ending Balance | $261,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |
Schools For Children Inc Winchester, MA | $15,114,133 | $14,417,065 |
Hopeful Journeys Educational Center Inc Beverly, MA | $13,756,334 | $15,926,723 |
Clarke School For The Deaf Northampton, MA | $32,563,861 | $13,028,140 |
Frederic L Chamberlain Center Inc Middleboro, MA | $3,237,389 | $10,751,708 |
Little Peoples School Inc West Newton, MA | $3,783,797 | $9,734,167 |
Childrens Center For Communication Inc Beverly, MA | $12,857,104 | $9,864,816 |
Monarch School Of New England Rochester, NH | $7,136,656 | $8,079,151 |
Margaret Gifford School Inc Weston, MA | $7,271,914 | $7,580,132 |
Pine Tree Society Inc Bath, ME | $39,794,390 | $13,670,017 |
Cedarcrest Inc Keene, NH | $21,669,705 | $10,252,863 |