Riverfront Childrens Center Inc
- Assets
- $2.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 42
- Location
- Groton, CT
- Founding
- 07/1942
- Data as of
- 06/2022
- EIN
- 06-0732017
Organization Overview
Riverfront Childrens Center Inc is located in Groton, CT. The organization was established in 1942. 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 06/2022, Riverfront Childrens Center Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverfront Childrens Center 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 06/2022, Riverfront Childrens Center Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
EDUCATION AND HUMAN SERVICES.1. 28% OF FAMILIES LIVE AT OR BELOW 125% OF THE FEDERAL POVERTY LEVEL AND 72% ARE ASSET LIMITED, INCOME CONSTRAINED AND EMPLOYED (ALICE) FAMILIES WHO DO NOT EARN A WAGE THAT MEETS THE ALICE STABILITY BUDGET FOR NEW LONDON COUNTY FAMILIES. THESE FAMILIES RECEIVE TUITION ASSISTANCE THROUGH STATE AND FEDERAL GRANTS AND/OR SCHOLARSHIPS FROM DONATIONS AND FUNDRAISING.2. 83% OF THE CHILDREN ENROLLED IN THE PROGRAM MET DEVELOPMENTAL MILESTONES IN ALL OF THE ASSESSMENT AREAS (LANGUAGE, LITERACY, CREATIVE/ AESTHETICS, EARLY MATH AND PHYSICAL MOTOR SKILLS), AS MEASURED BY THE CT DOCUMENTATION AND OBSERVATION OF TEACHING SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan A Radway Executive Dir | Officer | 40 | $88,709 |
Michele Grohocki Treasurer | OfficerTrustee | 1 | $0 |
Emily Lavoie Secretary | OfficerTrustee | 1 | $0 |
Darlynea Lepage President | OfficerTrustee | 1 | $0 |
David Rose Board Member | Trustee | 1 | $0 |
Jean Mcgran Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $824,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,912 |
| Noncash contributions included in lines 1a–1f | $7,306 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,148,699 |
| Total Program Service Revenue | $685,069 |
| Investment income | $1,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,186 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,512 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,827,492 |
| 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. | $97,284 |
| Compensation of current officers, directors, key employees. | $24,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $999,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,536 |
| Payroll taxes | $89,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,406 |
| Advertising and promotion | $762 |
| Office expenses | $12,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,897 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,558 |
| Interest | $3,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,853 |
| Insurance | $21,912 |
| All other expenses | -$15,354 |
| Total functional expenses | $1,588,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,933 |
| Savings and temporary cash investments | $406,549 |
| Pledges and grants receivable | $188,135 |
| 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 | $29,893 |
| Net Land, buildings, and equipment | $853,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,332,290 |
| Accounts payable and accrued expenses | $94,146 |
| Grants payable | $0 |
| Deferred revenue | $3,464 |
| 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 | $97,610 |
| Net assets without donor restrictions | $2,058,480 |
| Net assets with donor restrictions | $176,200 |
| 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 | $2,332,290 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Riverfront Childrens Center Inc has recieved totaling $613,462.
| Awarding Organization | Amount |
|---|---|
Edward And Mary Lord Foundation North Franklin, CT PURPOSE: UNRESTRICTED GENERAL SUPPORT | $469,054 |
United Way Of Southeastern Conn Inc Gales Ferry, CT PURPOSE: THRIVING CHILDREN | $125,028 |
Liberty Bank Foundation Middletown, CT PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMMING AT THE CENTER | $5,000 |
Brownington Foundation New York, NY PURPOSE: GENERAL FUNDING | $5,000 |
Liberty Bank Foundation Middletown, CT PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMMING AT THE CENTER | $5,000 |
Dime Bank Foundation Inc Norwich, CT PURPOSE: EXEMPT PURPOSE | $3,000 |
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 |