Commonwealth Child Care Corporation
- Assets
- $777.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Boston, MA
- Founding
- 12/1982
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Commonwealth Child Care Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 3.1% 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
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 |
|---|---|---|---|
Susan Rogers Executive Director | Trustee | 40 | $82,281 |
Melissa Ferragamo Staff Representative/direc | Trustee | 40 | $55,546 |
Christine Barker Secretary/director | OfficerTrustee | 1 | $0 |
Christina Marcarelli Vice President/director | OfficerTrustee | 1 | $0 |
Andrew Robinson Treasurer/director | OfficerTrustee | 1 | $0 |
Margaret Lashof-Sullivan President/director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,986 |
| Related organizations | $0 |
| Government grants | $213,060 |
| 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 | $215,046 |
| Total Program Service Revenue | $921,488 |
| Investment income | $944 |
| 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 | $1,421,013 |
| 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. | $150,522 |
| Compensation of current officers, directors, key employees. | $88,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $670,030 |
| Pension plan accruals and contributions | $15,990 |
| Other employee benefits | $69,563 |
| Payroll taxes | $61,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $784 |
| Office expenses | $9,895 |
| 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 | $18,661 |
| All other expenses | $10,451 |
| Total functional expenses | $1,049,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,356 |
| Savings and temporary cash investments | $359,406 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,682 |
| 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 | $18,618 |
| Net Land, buildings, and equipment | $7,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,698 |
| Accounts payable and accrued expenses | $71,188 |
| 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 | $75,873 |
| Total liabilities | $147,422 |
| Net assets without donor restrictions | $630,276 |
| 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 | $777,698 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Commonwealth Child Care Corporation has recieved totaling $388.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $388 |
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 |