Commonwealth Child Care Corporation
- Assets
- $824.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Boston, MA
- Founding
- 12/1982
- Data as of
- 06/2023
- EIN
- 04-2699021
Organization Overview
Commonwealth Child Care Corporation is located in Boston, MA. The organization was established in 1982. 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 06/2023, Commonwealth Child Care Corporation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Child Care Corporation 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 06/2023, Commonwealth Child Care Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 8.9% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A DAYCARE CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A DAYCARE CENTER FOR INFANT, PRESCHOOL AND TODDLER AGE CHILDREN. THE AGE OF THE CHILDREN RANGE FROM THREE MONTHS TO FIVE YEARS OF AGE, WHO ATTEND ON A FULL TIME BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Hoitink Secretary/director | OfficerTrustee | 1 | $0 |
Melissa Ferragamo Staff Representative/direc | Trustee | 40 | $65,621 |
Camilo Aladro Director | Trustee | 1 | $0 |
Susan Rogers Executive Director/director | Trustee | 40 | $92,673 |
Krista Lillis Director | Trustee | 1 | $0 |
Matt Douglas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,949 |
| Related organizations | $0 |
| Government grants | $226,836 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,785 |
| Total Program Service Revenue | $1,080,221 |
| Investment income | $0 |
| 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 | $1,312,006 |
| 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. | $172,649 |
| Compensation of current officers, directors, key employees. | $100,695 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $815,853 |
| Pension plan accruals and contributions | $14,280 |
| Other employee benefits | $63,771 |
| Payroll taxes | $74,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $507 |
| Office expenses | $7,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $3,106 |
| Insurance | $20,070 |
| All other expenses | $17,406 |
| Total functional expenses | $1,256,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,262 |
| Savings and temporary cash investments | $493,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,456 |
| 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 | $18,402 |
| Net Land, buildings, and equipment | $4,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $824,332 |
| Accounts payable and accrued expenses | $45,007 |
| Grants payable | $0 |
| Deferred revenue | $361 |
| 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 | $93,371 |
| Total liabilities | $138,739 |
| Net assets without donor restrictions | $685,593 |
| 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 | $824,332 |