Wellesley Community Childrens Center Inc
- Assets
- $2.8m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 88
- Location
- Wellesley, MA
- Founding
- 12/1971
- Data as of
- 08/2022
- EIN
- 04-2488103
Organization Overview
Wellesley Community Childrens Center Inc is located in Wellesley, MA. The organization was established in 1971. 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 08/2022, Wellesley Community Childrens Center Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellesley Community Childrens Center 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, Wellesley Community Childrens Center Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.7m during the year ending 08/2022. While expenses have increased by 4.2% 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
PROVISION OF QUALITY EDUCATION AND CHILD CARE PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND CHILD CARE SERVICES AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Stolov Executive Di | Officer | 40 | $142,800 |
Darlene Howland Director/ecp | Trustee | 40 | $116,065 |
Daniel Finucane Director/tea | Trustee | 40 | $58,758 |
Jenna Shuldman Director/tea | Trustee | 40 | $56,695 |
Karen Gaudette Director/asp | Trustee | 40 | $25,783 |
Brian Beale President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $828,903 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $930,419 |
| Total Program Service Revenue | $4,251,226 |
| Investment income | $30,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,487 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,199,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,403 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $534,104 |
| Compensation of current officers, directors, key employees. | $154,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,957,372 |
| Pension plan accruals and contributions | $84,271 |
| Other employee benefits | $280,842 |
| Payroll taxes | $263,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,037 |
| Fees for services: Other | $44,419 |
| Advertising and promotion | $50,897 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,718 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,425 |
| Insurance | $18,268 |
| All other expenses | $68,544 |
| Total functional expenses | $4,709,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,132 |
| Savings and temporary cash investments | $97,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $537,422 |
| 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 | $19,737 |
| Net Land, buildings, and equipment | $245,538 |
| Investments—publicly traded securities | $1,504,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $2,849,660 |
| Accounts payable and accrued expenses | $162,535 |
| Grants payable | $0 |
| Deferred revenue | $258,516 |
| 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 | $0 |
| Total liabilities | $421,051 |
| Net assets without donor restrictions | $2,428,609 |
| 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 | $2,849,660 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wellesley Community Childrens Center Inc has recieved totaling $2,100.
| Awarding Organization | Amount |
|---|---|
Highland Street Connection Newton, MA PURPOSE: FOR YOUTH PROGRAMMING. | $2,000 |
Albert B Kahn Foundation 685 Parkway Ave Lawrence Township, NJ PURPOSE: CHARITABLE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Childrens Learning Centers Of Fairfield County Inc Stamford, CT | $16,683,944 | $15,937,676 |
Horizons For Homeless Children Inc Roxbury, MA | $38,808,218 | $18,496,836 |
Campus Child Care Inc Cambridge, MA | $6,709,229 | $14,434,733 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |
United Bronx Parents Inc Bronx, NY | $29,568,734 | $11,638,478 |
Harbor Day Care Center Inc Mineola, NY | $2,835,486 | $11,026,032 |
1199 Seiu Employer Child Care Corporation New York, NY | $5,376,854 | $12,251,689 |
Child Care Network Of New York Inc New Hyde Park, NY | $1,608,606 | $10,022,479 |
Tremont Monterey Day Care Center Inc Bronx, NY | $2,143,453 | $9,664,253 |
South Shore Stars Inc East Weymouth, MA | $3,629,382 | $9,959,906 |