Infant Toddler Childrens Center Inc
- Assets
- $3.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Acton, MA
- Founding
- 01/1982
- Data as of
- 08/2023
- EIN
- 04-2734010
Organization Overview
Infant Toddler Childrens Center Inc is located in Acton, 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 08/2023, Infant Toddler Childrens Center Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infant Toddler 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 08/2023, Infant Toddler Childrens Center Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.4m during the year ending 08/2023. While expenses have increased by 1.7% per year over the past 8 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 BE A LEARNING COMMUNITY WHERE CHILDREN, FROM INFANTS TO SCHOOL AGE, COME TOGETHER WITH EXPERIENCED AND RESPONSIVE TEACHERS TO LEARN ABOUT THEMSELVES, EACH OTHER, AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FULL-TIME CHILD CARE CENTER SERVING APPROXIMATELY 103 CHILDREN PER DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Crafts Trustee/chair | OfficerTrustee | 0.25 | $0 |
Ulrika Shepardson Trustee/business Manager | Trustee | 40 | $75,572 |
Emily Cochran Trustee/secretary | OfficerTrustee | 0.25 | $0 |
James Walter Trustee/vice Chair | OfficerTrustee | 0.25 | $0 |
Brian Doherty Trustee/treasurer | OfficerTrustee | 0.25 | $0 |
Vivian Ricketts Trustee/teacher | Trustee | 40 | $32,772 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,395 |
| Related organizations | $0 |
| Government grants | $381,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,816 |
| Total Program Service Revenue | $2,185,832 |
| Investment income | $25,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$431 |
| Net Income from Fundraising Events | -$4,683 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,088,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $290,504 |
| Compensation of current officers, directors, key employees. | $235,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,314,605 |
| Pension plan accruals and contributions | $17,584 |
| Other employee benefits | $106,647 |
| Payroll taxes | $113,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $330 |
| Fees for services: Accounting | $53,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,033 |
| Fees for services: Other | $20,668 |
| Advertising and promotion | $0 |
| Office expenses | $42,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $191,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,053 |
| Insurance | $17,971 |
| All other expenses | $0 |
| Total functional expenses | $2,402,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,123 |
| Savings and temporary cash investments | $1,379,226 |
| Pledges and grants receivable | $33,980 |
| Accounts receivable, net | $50,075 |
| 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 | $14,842 |
| Net Land, buildings, and equipment | $1,261,329 |
| Investments—publicly traded securities | $455,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,450,283 |
| Accounts payable and accrued expenses | $131,680 |
| Grants payable | $0 |
| Deferred revenue | $259,014 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,039 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $969,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,365,843 |
| Net assets without donor restrictions | $2,069,213 |
| Net assets with donor restrictions | $15,227 |
| 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 | $3,450,283 |
Grants Awarded
Over the last fiscal year, Infant Toddler Childrens Center Inc has awarded $13,324 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACTON BARN COOP NURSERY SCH PURPOSE: Financial aid | $6,874 |
BLOSSOM STATION CHILD CARE CENTER PURPOSE: Financial aid | $6,450 |