Childrens Dyslexia Centers Inc
- Assets
- $62.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 477
- Location
- Lexington, MA
- Founding
- 03/1993
- Data as of
- 08/2023
- 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 08/2023, Childrens Dyslexia Centers Inc employed 477 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 08/2023, Childrens Dyslexia Centers Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $7.0m during the year ending 08/2023. 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
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 1,247 CHILDREN DURING PERIOD OF RECORD. ADDITIONALLY, PROVIDED 355 CERTIFICATIONS TO PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Atkinson Herbert Trustee/deputy De/museum B | Trustee | 1 | $0 |
Barnes David Trustee/museum Board Membe | Trustee | 1 | $0 |
Basso William Trustee/vp Of Museum | Trustee | 1 | $0 |
Bateman Robert Trustee/cdc Board Member/d | Trustee | 2 | $0 |
Brewer Eldridge Trustee | Trustee | 1 | $0 |
Bryden Jeffrey Trustee/deputy Wi/admin Co | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $692,272 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,926,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,619,247 |
| Total Program Service Revenue | $315,813 |
| Investment income | $1,506,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,436,916 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,004,854 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,609,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $265,667 |
| Payroll taxes | $375,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $297 |
| Fees for services: Accounting | $86,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,891 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,550 |
| Office expenses | $45,067 |
| Information technology | $14,570 |
| Royalties | $0 |
| Occupancy | $552,669 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $136,520 |
| All other expenses | $17,510 |
| Total functional expenses | $7,022,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,665,835 |
| Accounts receivable, net | $6,653 |
| 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 | $4,892 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $58,598,576 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,178,219 |
| Accounts payable and accrued expenses | $107,835 |
| 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 | $107,835 |
| Net assets without donor restrictions | $59,270,384 |
| 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 | $62,178,219 |