Woon Headstart & Day Care Center
- Assets
- $3.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 101
- Location
- Woonsocket, RI
- Founding
- 05/1974
- Data as of
- 08/2023
- EIN
- 05-0354966
Organization Overview
Woon Headstart & Day Care Center is located in Woonsocket, RI. The organization was established in 1974. 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 08/2023, Woon Headstart & Day Care Center employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woon Headstart & Day Care 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 08/2023, Woon Headstart & Day Care Center generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $5.6m during the year ending 08/2023. While expenses have increased by 5.1% 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
TO PROMOTE THE SOCIAL, EMOTIONAL, INTELLECTUAL AND PHYSICAL DEVELOPMENT OF CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START - FEDERALLY FUNDED PROGRAM PROVIDING QUALITY COMPREHENSIVE EARLY CHILDHOOD EDUCATION TO 190 DISADVANTAGED PRE-SCHOOL CHILDREN AND VARIOUS SUPPORT SERVICES TO THEIR FAMILIES.
CHILD AND ADULT FOOD PROGRAM THAT PROVIDES BREAKFAST, LUNCH AND A SNACK EACH DAY FOR THE CHILDREN, AND OTHER EXPENDITURES OF AGENCY AND DEDICATED PURPOSE FUNDS.
CHILD CARE - COMPREHENSIVE EARLY EDUCATION AND CHILD CARE SERVICES PROVIDED FOR APPROX. 72 CHILDREN AGES 6 WEEKS TO 5 YEARS, ALLOWING PARENTS TO GO TO SCHOOL AND/OR BE GAINFULLY EMPLOYED.
RI PRE-KINDERGARTEN - A STATE FUNDED PROGRAM PROVIDING A HIGH QUALITY, PRE-KINDERGARTEN EDUCATION EXPERIENCE FOR 88 FOUR AND FIVE YEAR OLD CITY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Mancini President | OfficerTrustee | 1 | $0 |
Ann Ward Vice President | OfficerTrustee | 1 | $0 |
Lisa Scahill Treasurer | OfficerTrustee | 1 | $0 |
Douglas T Brown Secretary | OfficerTrustee | 1 | $0 |
Nancy Benoit Board Member | Trustee | 1 | $0 |
Rosalind Dacruz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,957 |
| Total Program Service Revenue | $5,428,936 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,529,908 |
| 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. | $273,058 |
| Compensation of current officers, directors, key employees. | $273,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,357,072 |
| Pension plan accruals and contributions | $136,511 |
| Other employee benefits | $423,111 |
| Payroll taxes | $285,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,048 |
| Advertising and promotion | $0 |
| Office expenses | $53,304 |
| Information technology | $40,221 |
| Royalties | $0 |
| Occupancy | $306,902 |
| Travel | $23,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,402 |
| Interest | $32,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,783 |
| Insurance | $31,884 |
| All other expenses | $10,247 |
| Total functional expenses | $5,621,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,829 |
| Savings and temporary cash investments | $90,412 |
| Pledges and grants receivable | $184,408 |
| Accounts receivable, net | $29,823 |
| 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 | $129,797 |
| Net Land, buildings, and equipment | $2,405,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,404,946 |
| Accounts payable and accrued expenses | $62,794 |
| Grants payable | $0 |
| Deferred revenue | $148,635 |
| 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 | $582,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,408 |
| Total liabilities | $803,020 |
| Net assets without donor restrictions | $1,798,734 |
| Net assets with donor restrictions | $803,192 |
| 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 | $3,404,946 |