Mccarton Foundation For Developmental Disabilities Inc
- Assets
- $19.1m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 323
- Location
- Bronx, NY
- Founding
- 06/2002
- Data as of
- 06/2023
- EIN
- 02-0568114
Organization Overview
Mccarton Foundation For Developmental Disabilities Inc is located in Bronx, NY. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2023, Mccarton Foundation For Developmental Disabilities Inc employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccarton Foundation For Developmental Disabilities 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 06/2023, Mccarton Foundation For Developmental Disabilities Inc generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $12.0m during the year ending 06/2023. While expenses have increased by 63.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MCCARTON FOUNDATION IS A NONPROFIT ORGANIZTION ON A MISSION TO CHANGE THE COURSE OF LIVES BY BRINGING EXCEPTIONAL TREATMENT AND SERVICES TO CHILDREN WITH AUTISM LIVING IN UNDESERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MCCARTON FOUNDATION PROUDLY OPERATES MCCARTON CENTER BRONX, A DEVELOPMENTAL CENTER DEDICATED TO PROVIDING EARLY INTERVENTION SERVICES TO CHILDREN AND FAMILIES IN NEW YORK CITY'S MOST UNDERSERVED COMMUNITIES. APPROVED BY THE NEW YORK STATE DEPARTMENT OF HEALTH, THE CENTER SPECIALIZES IN OFFERING BOTH CENTER-BASED GROUP DEVELOPMENTAL INTERVENTION AND A COMBINATION OF HOME-BASED AND CENTER-BASED THERAPEUTIC SERVICES FOR CHILDREN WITH AUTISM UNDER THE AGE OF THREE. IN THE REPORTED FISCAL YEAR, ALL OPERATING EXPENSES WERE DEVOTED TO THIS CRUCIAL PROGRAM, DELIVERING 60,678 CENTER-BASED GROUP SESSIONS TO 374 CHILDREN, 26,024 INDIVIDUAL OCCUPATIONAL AND SPEECH THERAPY SESSIONS FOR 423 CHILDREN, AND 15,329 HOME-BASED ABA SESSIONS FOR 159 CHILDREN. BY OFFERING THESE SERVICES AT NO COST THROUGH NEW YORK STATE'S EARLY INTERVENTION PROGRAM, WE ADDRESS IMMEDIATE DEVELOPMENTAL NEEDS WHILE NURTURING EACH CHILD'S INHERENT POTENTIAL, GUIDING THEM TOWARD REALIZING THEIR FULLEST POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rollins Treasurer | OfficerTrustee | 2 | $0 |
J Eric Wise Secretary | Trustee | 2 | $0 |
Gary Mayerson Director | Trustee | 1 | $0 |
David Robbins Director | Trustee | 1 | $0 |
Jonathan Izak Director | Trustee | 1 | $0 |
Leena Bhutta Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,322,609 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,331,690 |
| Total Program Service Revenue | $10,497,671 |
| Investment income | $0 |
| 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 | $11,841,937 |
| 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. | $338,699 |
| Compensation of current officers, directors, key employees. | $152,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,863,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,154,033 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $134,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $926,717 |
| Advertising and promotion | $0 |
| Office expenses | $228,516 |
| Information technology | $147,254 |
| Royalties | $0 |
| Occupancy | $330,811 |
| Travel | $138,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,059 |
| Insurance | $96,702 |
| All other expenses | $26,225 |
| Total functional expenses | $12,002,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,333,043 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $621,855 |
| Accounts receivable, net | $864,206 |
| Loans from Officers, Directors, or Controlling Persons | $11,750 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,576 |
| Net Land, buildings, and equipment | $298,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,978,614 |
| Total assets | $19,127,210 |
| Accounts payable and accrued expenses | $605,303 |
| 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 | $200,000 |
| Unsecured mortgages and notes payable | $704,435 |
| Other liabilities | $16,700,190 |
| Total liabilities | $18,209,928 |
| Net assets without donor restrictions | $917,282 |
| 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 | $19,127,210 |