Quincy After School Child Care Inc
- Assets
- $3.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 96
- Location
- Quincy, MA
- Founding
- 04/1993
- Data as of
- 06/2023
- EIN
- 04-2999238
Organization Overview
Quincy After School Child Care Inc is located in Quincy, MA. The organization was established in 1993. 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, Quincy After School Child Care Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quincy After School 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, Quincy After School Child Care Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 6.4% 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
OUR MISSION IS TO PROVIDE QUALITY SCHOOL AGE PROGRAMS IN A GROUP SETTING, OUR PROGRAM FOCUSES ON EDUCATION, RECREATION, NUTRTION, HEALTH, AND SOCIAL SERVICES FOR CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY OFFERS SCHOOL AGED CURRICULUM PROVIDING EDUCATIONAL AND RECREATIONAL ACTIVITIES, PLUS EXTRA CURRICULAR FIELD TRIPS FOR THE FAMILIES WE SERVE. WE OFFER AFTER-SCHOOL, SCHOOL VACATION AND A SUMMER PROGRAM. WE PROVIDED SERVICES IN A SAFE, NURTURING AND HEALTHY SETTING LOCATED IN THE QUINCY PUBLIC SCHOOL BUILDINGS, THE PROGRAM IS LICENSED BY THE MA DEPARTMENT OF EARLY EDUCATION AND CARE, WE ARE THE LARGEST PROVIDED OF AFTER SCHOOL PROGRAMS IN OUR COMMUNITY, OUR PROGRAM IS VITAL TO FAMILIES WHO ARE WORKING OR ATTENDING SCHOOL.
THIS REPRESENTS COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING TO FAMILIES IN NEED OF FINANCIAL ASSISTANCE THAT MEET LOW TO MODERATE HUD INCOME GUIDELINES, THIS GRANT PROVIDES AN OPPORTUNITY TO OFFER REDUCED TUITION, CDBG ALSO REQUIRES PROCUREMENT OF MATCHING FUNDS TO BE ABLE TO SERVE THE GREATEST NUMBER OF QUALIFYING PARTICIPANTS, THIS GRANT REQUIRES ATTENDENCE AT TECHNICAL ASSISTANCE WORKSHOPS THROUGHTOUT THE YEAR TO ENSURE COMMUNITY ENGAGEMENT, SEVERAL FAMILIES AT OUR AGENCY BENEFIT FROM THIS REDUCED TUITION PROGRAM.
WE RECEIVE VOUCHER INCOME FROM QUINCY COMMNUITY ACTION PROGRAM TO ASSIST LOW INCOME FAMILIES WITH FUNDING TO REDUCE THEIR TUITION PAYMENTS, THESE FAMILIES MUST MEET STRICT STATE INCOME GUIDELINES TO QUALIFY FOR ASSISTANCE, THOSE FAMILIES WHO ARE ELIGIBLE FOR STATE CHILD CARE VOUCHERS ARE AMONG THE MOST VULNERABLE POPULATION IN OUR COMMUNITY, THE VOUCHER REIMBURSEMENT RATE IS LESS THAN OUR PRIVATE PAID TUITION AND THEREFORE THIS IS A SIGNIFICANT COMMUNITY SERVICE FOR THE FAMILIES OF QUINCY DURING CRITICAL AFTERSCHOOL OR SCHOOL VACATION HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loretta Degrazia Director | Trustee | 2 | $0 |
Maralin Manning Director | Trustee | 3 | $0 |
Peter Mcloughlin Director | Trustee | 4 | $0 |
Jonathan E Goldberg PHD Vice President | Trustee | 3 | $0 |
Gene Guimond President | Trustee | 2 | $0 |
Tony Pepojonovic Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $689,256 |
| 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 | $689,256 |
| Total Program Service Revenue | $2,655,940 |
| Investment income | $31,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,429,608 |
| 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. | $193,582 |
| Compensation of current officers, directors, key employees. | $193,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,565,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,064 |
| Payroll taxes | $155,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $97,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,375 |
| Office expenses | $60,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,676 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,866 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,321 |
| Insurance | $47,294 |
| All other expenses | $102,937 |
| Total functional expenses | $2,819,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,102 |
| Savings and temporary cash investments | $2,812,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,999 |
| 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 | $26,150 |
| Net Land, buildings, and equipment | $4,428 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,350 |
| Total assets | $3,181,428 |
| Accounts payable and accrued expenses | $92,867 |
| Grants payable | $0 |
| Deferred revenue | $86,990 |
| 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 | $0 |
| Total liabilities | $179,857 |
| Net assets without donor restrictions | $3,001,571 |
| 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 | $3,181,428 |