Cabot After School Inc
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 52
- Location
- Newton, MA
- Founding
- 08/1988
- Data as of
- 07/2024
- EIN
- 04-2623573
Organization Overview
Cabot After School Inc is located in Newton, MA. The organization was established in 1988. 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 07/2024, Cabot After School Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabot After School 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 07/2024, Cabot After School Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.2m during the year ending 07/2024. While expenses have increased by 4.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING AFTER SCHOOL CHILD CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL CHILD CARE - APPROXIMATELY 150 STUDENTS ENROLLED. FINANCIAL AID AWARDED TO LOW INCOME FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliot Bernstein Treasurer | OfficerTrustee | 2 | $0 |
Karen Griffin Vice President | OfficerTrustee | 2 | $0 |
Ping Lien President | OfficerTrustee | 2 | $0 |
Sonal Ghura Director | Trustee | 2 | $0 |
Katie Mcclean Clerk | OfficerTrustee | 2 | $0 |
Kyle Iacovino Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,505 |
| Total Program Service Revenue | $1,214,278 |
| Investment income | $22,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,354,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $83,910 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,158 |
| Compensation of current officers, directors, key employees. | $151,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $606,390 |
| Pension plan accruals and contributions | $2,037 |
| Other employee benefits | $103,855 |
| Payroll taxes | $67,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,300 |
| Fees for services: Accounting | $9,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,894 |
| Advertising and promotion | $594 |
| Office expenses | $12,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,579 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,990 |
| All other expenses | $9,451 |
| Total functional expenses | $1,239,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $613 |
| 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 | $13,101 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $695,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,117,580 |
| Accounts payable and accrued expenses | $20,779 |
| 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 | $0 |
| Total liabilities | $20,779 |
| Net assets without donor restrictions | $1,096,801 |
| 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 | $1,117,580 |