Merrimack Valley Day Care Service
- Assets
- $1.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 75
- Location
- Concord, NH
- Founding
- 04/1968
- Data as of
- 12/2023
- EIN
- 02-6019236
Organization Overview
Merrimack Valley Day Care Service is located in Concord, NH. The organization was established in 1968. 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 12/2023, Merrimack Valley Day Care Service employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimack Valley Day Care Service 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 12/2023, Merrimack Valley Day Care Service generated $2.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 5 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
DAYCARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYCARE SERVICES - PROVIDE CHILD CARE ERVICES FOR A VARIETY OF AGES IN THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Barter Executive Director | Officer | 40 | $67,132 |
Christy Dolat Bartlett President | OfficerTrustee | 2 | $0 |
Amy Goldstein Secretary | OfficerTrustee | 2 | $0 |
Lisa Burton Director | Trustee | 1 | $0 |
Meredith Telus Director | Trustee | 1 | $0 |
Donna Raycraft Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $474,113 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $687,490 |
| Total Program Service Revenue | $1,846,684 |
| Investment income | $16,813 |
| 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 | $2,575,158 |
| 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. | $85,076 |
| Compensation of current officers, directors, key employees. | $7,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,416,582 |
| Pension plan accruals and contributions | $10,793 |
| Other employee benefits | $8,866 |
| Payroll taxes | $109,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,817 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,880 |
| Advertising and promotion | $239 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,316 |
| Travel | $3,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,155 |
| Interest | $2,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,385 |
| Insurance | $40,714 |
| All other expenses | $35,408 |
| Total functional expenses | $2,248,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $135,400 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $63,901 |
| 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 | $434 |
| Net Land, buildings, and equipment | $608,645 |
| Investments—publicly traded securities | $530,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,363,699 |
| Accounts payable and accrued expenses | $170,351 |
| 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 | $87,686 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $258,037 |
| Net assets without donor restrictions | $1,104,342 |
| Net assets with donor restrictions | $1,320 |
| 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 | $1,363,699 |