Carter Center For Children Inc
- Assets
- $853.1k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 23
- Location
- Needham, MA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 04-2987831
Organization Overview
Carter Center For Children Inc is located in Needham, MA. The organization was established in 0000. 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 12/2021, Carter Center For Children Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carter Center For Children 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 12/2021, Carter Center For Children Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A NONPROFIT FULL DAY PRESCHOOL AND CHILDCARE PROGRAM SERVING CHILDREN 2.5 - 6 YEARS OLD AND THEIR FAMILIES. THE PROFESSIONAL STAFF PROVIDE CHILDREN WITH A NURTURING AND CREATIVE ENVIRONMENT WHERE THEY CAN PLAY, LEARN, AND GROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S CENTER, FIVE FULL DAYS A WEEK ALL YEAR LONG. PROVIDING QUALITY CHILD CARE IN A SAFE, HEALTHY ENVIRONMENT FOR FAMILIES LIVING IN THE NEEDHAM AREA, AIDS CHILDREN AND SUPPORTS PARENTS IN OPTIMUM DEVELOPMENT OF EACH CHILD'S SOCIAL, EMOTIONAL, PHYSICAL AND COGNITIVE SKILLS, AND HELPS BRING MEANING AND UNDERSTANDING TO THE YOUNG CHILD'S WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Alves Director | Officer | 40 | $86,603 |
Margaret Mc Donald President | Officer | 40 | $77,083 |
Barbara Carr Vice President | Officer | 1 | $0 |
Richard Carr Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $476,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,307 |
| Total Program Service Revenue | $1,143,903 |
| Investment income | $281 |
| 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 | $1,622,491 |
| 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. | $164,257 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $719,659 |
| Pension plan accruals and contributions | $36,047 |
| Other employee benefits | $96,492 |
| Payroll taxes | $63,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,395 |
| Advertising and promotion | $389 |
| Office expenses | $5,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,455 |
| Travel | $1,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,532 |
| Interest | $30 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,330 |
| Insurance | $10,967 |
| All other expenses | $7,776 |
| Total functional expenses | $1,279,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,143 |
| Savings and temporary cash investments | $510,997 |
| Pledges and grants receivable | $272,106 |
| Accounts receivable, net | $2,580 |
| 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 | $461 |
| Net Land, buildings, and equipment | $25,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $853,111 |
| Accounts payable and accrued expenses | $49,247 |
| Grants payable | $0 |
| Deferred revenue | $73,747 |
| 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 | $259,492 |
| Total liabilities | $382,486 |
| Net assets without donor restrictions | $470,625 |
| 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 | $853,111 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carter Center For Children Inc has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
George Mavridis Foundation Inc Peabody, MA PURPOSE: TO SUPPORT THE MISSION OF THE NON-PROFIT. | $400 |
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 |