The Michael Lisnow Respite Center Inc
- Assets
- $9.1m
- Revenue
- $4.6m
- Investments
- $4.2m
- Employees
- 66
- Location
- Hopkinton, MA
- Founding
- 09/1994
- Data as of
- 05/2023
- EIN
- 04-3237284
Organization Overview
The Michael Lisnow Respite Center Inc, operating under the name Michael Carter Lisnow Respite Center, is located in Hopkinton, MA. The organization was established in 1994. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 05/2023, Michael Carter Lisnow Respite Center employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Carter Lisnow Respite Center 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 05/2023, Michael Carter Lisnow Respite Center generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.7m during the year ending 05/2023. While expenses have increased by 2.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESPITE CARE/HOUSING FOR PERMANENTLY DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S DAYCARE CENTER SERVES CHILDREN FROM BIRTH TO AGE THREE AND PROVIDES OUT OF HOME RESPITE CARE FOR FAMILIES OF CHILDREN WITH SEVERE DISABILITIES. THE PROGRAM PROVIDES INPUT IN THE MEDICAL DECISION PROCESS, ADVOCATES FOR EDUCATIONAL PROGRAMMING, PARTICIPATES IN EDUCATIONAL GOALS, CARES FOR SIBLINGS, AND PROVIDES TRAINING FOR GRANDPARENTS, AS WELL AS PROVIDING A SPECIAL PLACE FOR THE FAMILIES TO SPEND TIME. IN ADDITION THE RESPITE CENTER PROVIDES COMMUNITY BASED DAY SUPPORTS AND RESIDENTIAL SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND PHYSICAL DISABILITIES.
THE WEEKLY OVERNIGHT PROGRAM ALLOWS INDIVIDUALS TO SPEND TWO DAYS AND ONE NIGHT PER WEEK AT THE CENTER. THE PROGRAM IS GEARED TOWARDS SINGLE MOTHERS AND COUPLES THAT ARE CLOSE TO SEPARATION, OR RESIDENTIAL PLACEMENT.
THE MONTHLY RESPITE PROGRAM ALLOWS FAMILIES TO LEAVE THEIR CHILD AT THE CENTER THE FIRST WEEKEND OF EVERY MONTH, OR EVERY OTHER MONTH. IT PROVIDES CARE FOR CHILDREN AND ALLOWS FAMILIES TO REST, KNOWING THAT THE CENTER IS CARING FOR THEIR CHILD DURING THEIR BRIEF TIME AWAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Sousa Residential Director | Trustee | 40 | $131,118 |
Mary E Mcqueeney Director/trustee | OfficerTrustee | 50 | $94,499 |
Sharon B Lisnow President/trustee | OfficerTrustee | 50 | $94,499 |
Dianna Pruzinsky Clerk/trustee | OfficerTrustee | 1 | $0 |
James Parrino Chairman/trustee | Trustee | 1 | $0 |
Steve Meltzer ESQ Chairman/trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $190 |
| Membership dues | $0 |
| Fundraising events | $764,031 |
| Related organizations | $0 |
| Government grants | $2,617,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $887,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,269,124 |
| Total Program Service Revenue | $169,933 |
| Investment income | $56,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,831 |
| Net Income from Fundraising Events | -$48,448 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,580,993 |
| 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. | $188,998 |
| Compensation of current officers, directors, key employees. | $80,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,100,799 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $224,355 |
| Payroll taxes | $174,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,841 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,751 |
| Travel | $391,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,589 |
| Insurance | $67,579 |
| All other expenses | $15,717 |
| Total functional expenses | $3,661,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,741,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,970 |
| 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 | $13,004 |
| Net Land, buildings, and equipment | $1,540,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,158,916 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,492,029 |
| Total assets | $9,115,468 |
| Accounts payable and accrued expenses | $115,342 |
| 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 | $207,085 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $322,427 |
| Net assets without donor restrictions | $8,693,041 |
| Net assets with donor restrictions | $100,000 |
| 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 | $9,115,468 |