Riverside Childrens Center Inc
- Assets
- $1.4m
- Revenue
- $1.9m
- Investments
- $62.8k
- Employees
- 28
- Location
- Waban, MA
- Founding
- 03/1984
- Data as of
- 08/2023
- EIN
- 04-2790325
Organization Overview
Riverside Childrens Center Inc is located in Waban, MA. The organization was established in 1984. 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 08/2022, Riverside Childrens Center Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside 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, Riverside Childrens Center Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.7m during the year ending 08/2023. While expenses have increased by 2.9% 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 PROVIDE EDUCATIONALLY ORIENTED DAYCARE SERVICE FOR INFANTS THROUGH PRE-K ON A REGULAR AND FULL-TIME BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONDUCT AN EDUCATIONALLY ORIENTED DAYCARE CENTER FOR INFANTS AND TODDLERS ON A REGULAR AND FULL TIME BASIS FOR NON-RESIDENTIAL CUSTODY CARE AND EDUCATION.
TO CONDUCT AN EDUCATIONALLY ORIENTED DAYCARE CENTER FOR INFANTS AND TODDLERS ON A REGULAR AND FULL-TIME BASIS FOR NON-RESIDENTAL CUSTODY CARE AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Houde President | OfficerTrustee | 5 | $0 |
Conor Moran Chairperson | Trustee | 1 | $0 |
Melanie Silvia Vice Chairperson | Trustee | 1 | $0 |
Kate Scott Past Chairperson | Trustee | 1 | $0 |
Brian Clymer Treasurer | OfficerTrustee | 1 | $0 |
Meghan Ellis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,360 |
| Related organizations | $0 |
| Government grants | $179,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,139 |
| Total Program Service Revenue | $1,657,208 |
| Investment income | $17,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,869,614 |
| 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. | $112,788 |
| Compensation of current officers, directors, key employees. | $59,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,077,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,787 |
| Payroll taxes | $98,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,548 |
| Advertising and promotion | $5,284 |
| Office expenses | $36,294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $138,962 |
| 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 | $22,787 |
| Insurance | $8,686 |
| All other expenses | $5,428 |
| Total functional expenses | $1,707,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $838,381 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,765 |
| 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 | $10,036 |
| Net Land, buildings, and equipment | $252,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $62,814 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,964 |
| Total assets | $1,383,148 |
| Accounts payable and accrued expenses | $54,001 |
| 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 | $253,066 |
| Total liabilities | $307,067 |
| Net assets without donor restrictions | $1,076,081 |
| 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 | $1,383,148 |