For Kids Only Afterschool Incorporated
- Assets
- $15.2m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 309
- Location
- Salem, MA
- Founding
- 11/1990
- Data as of
- 08/2021
- EIN
- 04-3037204
Organization Overview
For Kids Only Afterschool Incorporated is located in Salem, MA. The organization was established in 1990. 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 08/2021, For Kids Only Afterschool Incorporated employed 309 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. For Kids Only Afterschool Incorporated 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 08/2021, For Kids Only Afterschool Incorporated generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $7.1m during the year ending 08/2021. While expenses have increased by 7.9% per year over the past 6 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
MISSION STATEMENT: FOR KIDS ONLY AFTERSCHOOL BRINGS FAMILIES AND COMMUNITIES TOGETHER TO PROVIDE A SAFE SPACE FOR ALL CHILDREN TO THRIVE DURING THE OUT-OF-SCHOOL TIME HOURS. OUR HOLISTIC LEARNING APPROACH HELPS CHILDREN LOVE, LEARN AND GROW WHILE INSPIRING EVERY CHILD TO LEAVE THEIR UNIQUE MARK ON THIS WORLD. MISSION OVERVIEW: AT FKO, WE TURN OUR VALUES INTO REALITY EVERY DAY WITH EVERY CHILD. IT STARTS WITH PRACTICING KINDNESS AND A DEEP RESPECT FOR OTHERS. OUR PROGRAMS FOSTER COLLABORATION TO BUILD TRUST AMONG US BY LISTENING, WORKING TOGETHER, AND EFFECTIVELY COMMUNICATING. BY BEING SUPPORTIVE AND COMPASSIONATE, ALL PERSPECTIVES AND BACKGROUNDS ARE HEARD TO CREATE A POSITIVE PLACE FOR EVERYONE TO LEARN AND GROW. IN EACH AND EVERY INTERACTION WITH ONE OTHER, WE START FROM A PLACE OF RESPECT AND APPRECIATION OF OUR DIFFERENCES. THESE VALUES COME TOGETHER IN A HOLISTIC APPROACH TO LEARNING THAT CENTERS ON CREATIVITY, INDIVIDUALITY, AND IMAGINATION. FKO'S YEAR-ROUND OUT-OF-SCHOOL TIME P
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Kneeland Keegan Executive Di | Officer | 40 | $202,860 |
Briana Flannery Deputy Direc | 40 | $135,737 | |
Lawrence Keegan Director Of | 40 | $126,495 | |
Gabe Carrieri Vice Preside | OfficerTrustee | 2 | $0 |
Daniel Conte Treasurer | OfficerTrustee | 2 | $0 |
Nicole Desimone President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cbc Construction Contractor | 8/30/21 | $1,518,306 |
Rouse Judith Grant Writer | 8/30/21 | $152,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $69,184 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,380,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,693,185 |
| Total Program Service Revenue | $6,673,552 |
| Investment income | $115,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,496,692 |
| 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. | $232,860 |
| Compensation of current officers, directors, key employees. | $77,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,269,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $187,784 |
| Payroll taxes | $369,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,790 |
| Advertising and promotion | $39,368 |
| Office expenses | $1,459 |
| Information technology | $100,080 |
| Royalties | $0 |
| Occupancy | $198,803 |
| Travel | $83,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,817 |
| Interest | $128,518 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,883 |
| Insurance | $78,681 |
| All other expenses | $252,435 |
| Total functional expenses | $7,105,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,232,783 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $158,662 |
| Accounts receivable, net | $1,594,861 |
| 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 | $26,091 |
| Net Land, buildings, and equipment | $8,560,095 |
| Investments—publicly traded securities | $1,387,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,196,821 |
| Total assets | $15,157,232 |
| Accounts payable and accrued expenses | $407,415 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,022,169 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,620,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,579 |
| Total liabilities | $4,132,890 |
| Net assets without donor restrictions | $10,889,086 |
| Net assets with donor restrictions | $135,256 |
| 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 | $15,157,232 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that For Kids Only Afterschool Incorporated has recieved totaling $113,210.
| Awarding Organization | Amount |
|---|---|
Amelia Peabody Foundation Wellesley, MA PURPOSE: ENHANCED OPERATIONS FOR HIGH-NEEDS YOUTH | $50,000 |
Oneworld Boston Inc Woburn, MA PURPOSE: COMMUNITY WELFARE PROGRAM | $47,000 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: SUPPORTING STAFF MENTAL HEALTH | $6,000 |
Peoples United Community Foundation Of Eastern Massachusetts Inc Wilmington, DE PURPOSE: PEABODY SUMMER LEARNING PROGRAM SCHOLARSHIP FUND | $5,000 |
Daniel H Lawlor Charitable Foundation Quincy, MA PURPOSE: GENERAL OPERATIONS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $210 |
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 |