Elizabeth Peabody House Association
- Assets
- $2.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Somerville, MA
- Founding
- 01/1939
- Data as of
- 06/2022
- EIN
- 04-2104827
Organization Overview
Elizabeth Peabody House Association is located in Somerville, MA. The organization was established in 1939. 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 06/2022, Elizabeth Peabody House Association employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth Peabody House Association 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 06/2022, Elizabeth Peabody House Association generated $1.6m 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 $1.6m during the year ending 06/2022. While expenses have increased by 5.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PRIMARY MISSION IS TO PROVIDE A BROAD ARRAY OF EDUCATIONAL, SOCIAL AND RECREATIONAL SERVICES TO ADDRESS THE NEEDS OF FAMILIES IN THE CITY OF SOMERVILLE AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-SCHOOL - THE ASSOCIATION OPERATES A CENTER FOR CHILDREN AGES 2 YEARS, 9 MONTHS THROUGH KINDERGARTEN AGE. THE COMPONENTS INCLUDE SOCIAL AND EMOTIONAL DEVELOPMENT, AND DEVELOPING APPROPRIATE EDUCATION SKILLS IN LANGUAGE, PRE-READING AND PRE-MATH SKILLS. THE PRE-SCHOOL PROGRAM IS FULLY ACCREDITED BY THE NATIONAL ASSOCIATION FOR EDUCATION OF YOUNG CHILDREN AND SERVED 42 CLIENTS BETWEEN JULY 2021 AND JUNE 2022,
SUMMER PROGRAMS - THE SUMMER PROGRAM INCLUDES A TWO SUMMER DAY CAMP PROGRAMS: CAMP EVERWOOD AND CITY EXPLORERS. CAMP EVERWOOD IN SHARON, MA PROVIDES AN ENRICHING EXPERIENCES WHERE CHILDREN ARE ABLE TO EXPAND THEIR HORIZONS THROUGH EXPLORATION AND HANDS-ON LEARNING ACTIVITIES. CHILDREN ARE ENCOURAGED TO MAKE POSITIVE CHOICES AND ENGAGE IN PROBLEM SOLVING AND LEADERSHIP BUILDING ACTIVITIES. THE CITY EXPLORER PROGRAM OPERATES IN SOMERVILLE, MA AND PROVIDES AN ALTERNATIVE TO TRADITIONAL SUMMER CAMP TO FAMILIES RELUCTANT TO SEND THEIR CHILDREN TO SUMMER CAMP. COMBINED CLIENTS SERVED TOTALS APPROXIMATELY 56 CLIENTS DURING THE 2021 SUMMER PERIOD.
AFTER SCHOOL - THE ASSOCIATION OPERATES AN AFTER SCHOOL PROGRAM FOR AGES 5 THROUGH 13 YEARS OLD. THE PROGRAM PROVIDES AN ENVIRONMENT IN WHICH CHILDREN'S EMOTIONAL, SOCIAL, AND PHYSICAL NEEDS ARE MET AND DEVELOPED THROUGH A VARIETY OF ENRICHING AND RECREATIONAL ACTIVITIES AND POSITIVE ROLE MODELING - SERVED 41 CLIENTS BETWEEN JULY 2021 AND JUNE 2022.
COMMUNITY PROGRAM - THE ASSOCIATION OPERATES AN EMERGENCY FOOD PANTRY WHICH SERVED MORE THAN 3,600 HOUSEHOLDS BETWEEN JULY 2021 AND JUNE 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Durkin Director | Trustee | 2 | $0 |
Brenda Lormil Director | Trustee | 2 | $0 |
Dan Thomas Director (until Sept 2021) | Trustee | 2 | $0 |
Louise A Coughlan Director | Trustee | 2 | $0 |
Allegra Taylor Director (since Mar '22) | Trustee | 2 | $0 |
Eli Nunes Director (since Aug '21) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $38,717 |
| Membership dues | $0 |
| Fundraising events | $7,588 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $484,730 |
| Noncash contributions included in lines 1a–1f | $133,001 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,035 |
| Total Program Service Revenue | $741,197 |
| Investment income | $119,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,125 |
| Net Gain/Loss on Asset Sales | $156,103 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,602,659 |
| 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. | $124,008 |
| Compensation of current officers, directors, key employees. | $74,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $524,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,821 |
| Payroll taxes | $57,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,989 |
| Fees for services: Other | $215,868 |
| Advertising and promotion | $0 |
| Office expenses | $12,910 |
| Information technology | $576 |
| Royalties | $0 |
| Occupancy | $111,798 |
| Travel | $25,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,271 |
| Interest | $13,470 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,224 |
| Insurance | $45,371 |
| All other expenses | $9,491 |
| Total functional expenses | $1,556,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $284,350 |
| Accounts receivable, net | $112,579 |
| 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 | $4,379 |
| Net Land, buildings, and equipment | $593,555 |
| Investments—publicly traded securities | $1,680,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,778,995 |
| Accounts payable and accrued expenses | $120,570 |
| Grants payable | $0 |
| Deferred revenue | $22,600 |
| 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 | $144,691 |
| Other liabilities | $0 |
| Total liabilities | $287,861 |
| Net assets without donor restrictions | $2,451,080 |
| Net assets with donor restrictions | $40,054 |
| 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 | $2,778,995 |