Brookline Infant Toddler Center Inc
- Assets
- $6.1m
- Revenue
- $9.4m
- Investments
- $952.9k
- Employees
- 170
- Location
- Newton, MA
- Founding
- 02/1978
- Data as of
- 06/2022
- EIN
- 04-2625150
Organization Overview
Brookline Infant Toddler Center Inc is located in Newton, MA. The organization was established in 1978. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Brookline Infant Toddler Center Inc employed 170 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookline Infant Toddler 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 06/2022, Brookline Infant Toddler Center Inc generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 13.2% 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
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE YEAR-ROUND CHILDCARE AND EDUCATIONAL PROGRAMS FOR CHILDREN OF PRE-KINDERGARTEN AGE AND TO ENGAGE IN ACTIVITIES THAT ARE INCIDENTAL TO THE FOREGOING AND THAT ARE PERMISSABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE YEAR-ROUND CHILDCARE AND EDUCATIONAL PROGRAMS FOR CHILDREN OF PRE-KINDERGARTEN AGE AND TO ENGAGE IN ACTIVITIES THAT ARE INCIDENTAL TO THE FOREGOING AND THAT ARE PERMISSABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Yerardi Program Director | 40 | $112,865 | |
Michael T Culhane Executive Director/ceo | OfficerTrustee | 1 | $0 |
Bonnie K Culhane Trustee | Trustee | 1 | $0 |
John Kiley Trustee | Trustee | 1 | $0 |
John G Serino Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,134,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,155,003 |
| Total Program Service Revenue | $6,220,058 |
| Investment income | $2,055 |
| 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 | $9,377,116 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,334,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $422,233 |
| Payroll taxes | $276,333 |
| Fees for services: Management | $942,946 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $19,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,293 |
| Advertising and promotion | $17,912 |
| Office expenses | $13,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $264,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,364 |
| Interest | $88,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,592 |
| Insurance | $41,889 |
| All other expenses | $62,531 |
| Total functional expenses | $6,240,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,159 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $708,520 |
| 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 | $19,683 |
| Net Land, buildings, and equipment | $2,991,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $952,891 |
| Investments—program-related | $0 |
| Intangible assets | $637,117 |
| Other assets | $0 |
| Total assets | $6,055,660 |
| Accounts payable and accrued expenses | $192,271 |
| Grants payable | $0 |
| Deferred revenue | $16,775 |
| 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 | $2,226,140 |
| Unsecured mortgages and notes payable | $350,773 |
| Other liabilities | $0 |
| Total liabilities | $2,785,959 |
| Net assets without donor restrictions | $3,269,701 |
| 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 | $6,055,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |