Sara M Holbrook Community Center
- Assets
- $4.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 67
- Location
- Burlington, VT
- Founding
- 08/2003
- Data as of
- 03/2023
- EIN
- 03-0179595
Organization Overview
Sara M Holbrook Community Center is located in Burlington, VT. The organization was established in 2003. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Sara M Holbrook Community Center employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sara M Holbrook Community 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 03/2023, Sara M Holbrook Community Center generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.7m during the year ending 03/2023. 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
TO DEVELOP RESPONSIBLE AND PRODUCTIVE CHILDREN, YOUTH AND FAMILIES THROUGH SOCIAL DEVELOPMENT, EDUCATIONAL AND RECREATIONAL OPPORTUNITIES. THE CENTER SERVICES CHITTENDEN COUNTY WITH A PRIMARY FOCUS BEING ON THE NORTH END OF BURLINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES PRESCHOOL PROGRAMS WHERE FAMILIES HAVE ACCESS TO HIGH QUALITY CARE AND EDUCATION AS WELL AS AFTER SCHOOL, SUMMER SCHOOL AND TEEN DROP IN CENTER PROGRAMS WHERE YOUTH ARE ABLE TO ENGAGE IN SAFE AND HEALTHY ACTIVITIES DURING NON SCHOOL HOURS. THESE PROGRAMS ARE FOR CHILDREN OF LOW INCOME FAMILIES IN BURLINGTON, VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Fontiane President | OfficerTrustee | 2 | $0 |
Bruce Chattman Vice Preside | OfficerTrustee | 2 | $0 |
Larry Kupferman Treasurer | OfficerTrustee | 2 | $0 |
Karen Bresnahan Secretary | OfficerTrustee | 2 | $0 |
Kevin Brochu Director | Trustee | 1 | $0 |
Ducky Donath Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $18,844 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,750 |
| Total Program Service Revenue | $459,841 |
| Investment income | $3,519 |
| 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 | $1,054,110 |
| 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. | $89,060 |
| Compensation of current officers, directors, key employees. | $22,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,013,405 |
| Pension plan accruals and contributions | $14,577 |
| Other employee benefits | $68,767 |
| Payroll taxes | $92,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,395 |
| Office expenses | $10,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,957 |
| Travel | $8,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,397 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,146 |
| Insurance | $21,756 |
| All other expenses | $3,419 |
| Total functional expenses | $1,709,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,676 |
| Savings and temporary cash investments | $16,698 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,521 |
| 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 | $7,317 |
| Net Land, buildings, and equipment | $4,276,482 |
| Investments—publicly traded securities | $65,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,428,824 |
| Accounts payable and accrued expenses | $167,442 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $496,168 |
| Other liabilities | $0 |
| Total liabilities | $663,610 |
| Net assets without donor restrictions | $3,765,214 |
| 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 | $4,428,824 |
Grants Awarded
Over the last fiscal year, Sara M Holbrook Community Center has awarded $91,467 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF BURLINGTON PURPOSE: PROGRAM SUPPORT | $30,946 |
ECHO LEAHY CENTER FORLAKE CHAMPLAIN INC PURPOSE: PROGRAM SUPPORT | $17,431 |
BURLINGTON CITY ARTS FOUNDATION PURPOSE: PROGRAM SUPPORT | $43,090 |