Childrens Dyslexia Centers Inc
- Assets
- $70.6m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 531
- Location
- Lexington, MA
- Founding
- 03/1993
- Data as of
- 08/2021
- EIN
- 04-3169620
Organization Overview
Childrens Dyslexia Centers Inc is located in Lexington, MA. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2021, Childrens Dyslexia Centers Inc employed 531 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Dyslexia Centers 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 08/2021, Childrens Dyslexia Centers Inc generated $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $6.8m during the year ending 08/2021. 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
TREATMENT OF LEARNING DISABILITIES IN CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VARIOUS CENTERS PROVIDE EVALUATION AND TREATMENT OF CHILDREN WITH LEARNING DISABILITIES; INCREASE PUBLIC AWARENESS; IMPROVE STANDARDS OF CARE;SERVICED 1,321 CHILDREN DURING PERIOD OF RECORD. ADDITIONALLY, PROVIDED 277 CERTIFICATIONS TO PRACTITIONERS.
THE VARIOUS CENTERS PROVIDE EVALUATION AND TREATMENT OF CHILDREN WITH LEARNING DISABILITIES; INCREASE PUBLIC AWARENESS; IMPROVE STANDARDS OF CARE;SERVICED 1,321 CHILDREN DURING PERIOD OF RECORD. ADDITIONALLY, PROVIDED 277 CERTIFICATIONS TO PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharkis David L Trustee/cdc Director | 40 | $138,767 | |
Ogg Jr Robert F Trustee/ Former Director Of Cdc | Trustee | 17 | $70,923 |
Basso William Trustee/vp Of Museum | OfficerTrustee | 1 | $0 |
Glattly David A President/ceo/sovereign Gr/admin Council | OfficerTrustee | 7.5 | $0 |
Humphrey L Arby Trustee/ VP Of Cdc | OfficerTrustee | 2 | $0 |
Samiec Peter J Trustee/gr Almoner/vp Sc/gr Lt Cmdr/admin Cncl | OfficerTrustee | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $376,649 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,203,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,580,491 |
| Total Program Service Revenue | $869,563 |
| Investment income | $1,537,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,278,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,265,584 |
| 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. | $187,525 |
| Compensation of current officers, directors, key employees. | $75,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,398,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $229,687 |
| Payroll taxes | $368,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,061 |
| Fees for services: Accounting | $49,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,840 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,730 |
| Office expenses | $358,227 |
| Information technology | $52,873 |
| Royalties | $0 |
| Occupancy | $294,898 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,726 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $117,460 |
| All other expenses | $0 |
| Total functional expenses | $6,810,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,971,271 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $66,879,923 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,663 |
| Total assets | $70,604,540 |
| Accounts payable and accrued expenses | $100,085 |
| 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 | $0 |
| Total liabilities | $100,085 |
| Net assets without donor restrictions | $67,704,455 |
| Net assets with donor restrictions | $2,800,000 |
| 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 | $70,604,540 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Childrens Dyslexia Centers Inc has recieved totaling $170,365.
| Awarding Organization | Amount |
|---|---|
Frank R Koller Beneficiaries Tr Webster, WI PURPOSE: OPERATIONS | $110,000 |
Hone And Cox Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $58,365 |
Doolittle Family Foundation Atlantic Beach, FL PURPOSE: GENERAL OPERATIONS | $2,000 |
Endowment Analysis
| Beg. Balance | $59,309,190 |
| Earnings | $12,111,488 |
| Admin Expense | $135,840 |
| Net Contributions | $2,009,945 |
| Other Expense | $6,414,860 |
| Ending Balance | $66,879,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Loring Wolcott & Coolidge Charitable Tr - I Boston, MA | $103,000 | $4,276,644 |