Childrens Center Of Lexington Inc
- Assets
- $767.1k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Lexington, MA
- Founding
- 03/1973
- Data as of
- 08/2022
- EIN
- 04-2484464
Organization Overview
Childrens Center Of Lexington Inc is located in Lexington, MA. The organization was established in 1973. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2022, Childrens Center Of Lexington Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Center Of Lexington 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 08/2022, Childrens Center Of Lexington Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.6m during the year ending 08/2022. While expenses have increased by 4.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATING CHILD-CENTERED, FRIENDLY AND SAFE CLASSROOMS FOR CHILDREN TO DEVELOP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF DAYCARE AND PRE-KINDERGARTEN PROGRAM SERVING STUDENTS FROM LEXINGTON, MASSACHUSETTS AND SURROUNDING TOWNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Mark Executive Director | Trustee | 40 | $97,540 |
Kimberly Correa Secretary/teacher | OfficerTrustee | 40 | $72,044 |
Lee Morrissette Director/teacher | Trustee | 40 | $57,132 |
Alexis Williams-Torrey President | OfficerTrustee | 3 | $0 |
George Gagliardi Treasurer | OfficerTrustee | 3 | $0 |
Rebecca Blair Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $245,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,543 |
| Total Program Service Revenue | $1,475,318 |
| Investment income | $1,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,848,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $992,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,443 |
| Payroll taxes | $80,180 |
| Fees for services: Management | $33,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,827 |
| Advertising and promotion | $852 |
| Office expenses | $28,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,534 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,915 |
| Insurance | $15,326 |
| All other expenses | $6,577 |
| Total functional expenses | $1,575,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,428 |
| Savings and temporary cash investments | $105,323 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,461 |
| 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 | $25,726 |
| Net Land, buildings, and equipment | $34,135 |
| Investments—publicly traded securities | $165,736 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,292 |
| Total assets | $767,101 |
| Accounts payable and accrued expenses | $56,283 |
| 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 | $0 |
| Other liabilities | $144,750 |
| Total liabilities | $201,033 |
| Net assets without donor restrictions | $566,068 |
| 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 | $767,101 |
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