Salem Community Child Care Inc
- Assets
- $1.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 60
- Location
- Salem, MA
- Founding
- 11/1981
- Data as of
- 06/2023
- EIN
- 04-2743056
Organization Overview
Salem Community Child Care Inc is located in Salem, MA. The organization was established in 1981. 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, Salem Community Child Care Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Community Child Care 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 06/2023, Salem Community Child Care Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 6.5% 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE DAY CARE SERVICES TO CHILDREN OF FAMILIES IN THE SURROUNDING NEIGHBORHOOD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CHILD CARE FOR CHILDREN FROM THE SURROUNDING NEIGHBORHOOD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anel Guzman Executive Di | Officer | 40 | $125,740 |
Celeste Hamilton Director | Trustee | $100,461 | |
Patricia Cepeda President | OfficerTrustee | $0 | |
Miguelina Diaz Director | Trustee | $0 | |
Keere Greene Secretary | Trustee | $0 | |
Lauren Storella Morse Treasurer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,732 |
| All other contributions, gifts, grants, and similar amounts not included above | $275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,007 |
| Total Program Service Revenue | $2,776,901 |
| Investment income | $4,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,564 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,958,823 |
| 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. | $226,201 |
| Compensation of current officers, directors, key employees. | $93,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,645,144 |
| Pension plan accruals and contributions | $33,321 |
| Other employee benefits | $101,109 |
| Payroll taxes | $130,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,534 |
| Office expenses | $69,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $207,499 |
| 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 | $11,769 |
| Insurance | $52,326 |
| All other expenses | $566 |
| Total functional expenses | $2,779,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,152 |
| Savings and temporary cash investments | $127,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $218,252 |
| 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 | $14,729 |
| Net Land, buildings, and equipment | $189,068 |
| Investments—publicly traded securities | $325,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $573,616 |
| Total assets | $1,813,380 |
| Accounts payable and accrued expenses | $61,391 |
| 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 | $598,036 |
| Total liabilities | $659,427 |
| Net assets without donor restrictions | $1,153,953 |
| 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 | $1,813,380 |