The Carver Inc
- Assets
- $6.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 411
- Location
- Norwalk, CT
- Founding
- 07/1944
- Data as of
- 06/2022
- EIN
- 06-0862072
Organization Overview
The Carver Inc is located in Norwalk, CT. The organization was established in 1944. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Carver Inc employed 411 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carver 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, Carver Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $7.6m during the year ending 06/2022. While expenses have increased by 13.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP ALL LEARNERS FOR GLOBAL COMPETITIVENESS BY LEADING STRATEGIC PARTNERSHIPS WITH SCHOOLS AND COMMUNITIES THAT ADVANCE EXCELLENCE AND GROWTH OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY PROVIDED SERVICES TO ECONOMICALLY CHALLENGED AND ACADEMICALLY CHALLENGED CHILDREN THROUGH BEFORE SCHOOL, AFTER SCHOOL, SUMMER AND COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Novelette Peterkin CEO | Officer | 50 | $221,631 |
Brian Allert Ch Prog Officer | Officer | 40 | $101,801 |
Clinton Hamilton COO | Officer | 40 | $98,014 |
Lourdes Amaris Fin Dir Thru 5/22 | 40 | $94,514 | |
Tricia Massucco Dir Of Elem Prog | 40 | $90,781 | |
James Schaffer Dir Of Development | 40 | $86,872 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lg Builders And Remodeling Building Renovations | 6/29/16 | $161,978 |
Hunter Mechanical Hvac Installation | 6/29/16 | $253,398 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,481,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,152,380 |
| Noncash contributions included in lines 1a–1f | $444,759 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,633,988 |
| Total Program Service Revenue | $2,146,884 |
| Investment income | $6,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,927 |
| Net Income from Fundraising Events | $364,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,148,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,508 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $515,960 |
| Compensation of current officers, directors, key employees. | $83,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,748,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $323,154 |
| Payroll taxes | $371,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $111,929 |
| Travel | $3,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,104 |
| Insurance | $81,292 |
| All other expenses | $514,601 |
| Total functional expenses | $7,621,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,041,432 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $141,296 |
| Accounts receivable, net | $251,960 |
| 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 | $115,185 |
| Net Land, buildings, and equipment | $2,890,392 |
| Investments—publicly traded securities | $23,363 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,463,628 |
| Accounts payable and accrued expenses | $300,136 |
| Grants payable | $0 |
| Deferred revenue | $112,872 |
| 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 | $413,008 |
| Net assets without donor restrictions | $3,472,543 |
| Net assets with donor restrictions | $2,578,077 |
| 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 | $6,463,628 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Carver Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Konstantin Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Service Of Rhode Island Inc Providence, RI | $14,998,345 | $23,062,284 |
Williamsburg Infant And Early Childhood Development Center Inc Brooklyn, NY | $10,947,816 | $17,829,404 |
Community Counseling And Mediation Service Inc Brooklyn, NY | $22,401,444 | $19,970,012 |
Nia Community Services Network Inc Brooklyn, NY | $7,654,116 | $16,388,426 |
Girls Who Code Inc New York, NY | $56,064,304 | $28,119,627 |
United Activities Unlimited Staten Island, NY | $5,094,219 | $15,508,941 |
Community Providers Of Adolescent Services Inc Compass Dorchester, MA | $18,402,802 | $18,561,448 |
Catholic Charities Of Staten Island Inc Staten Island, NY | $13,695,617 | $13,182,407 |
Wediko Children's Services Inc Boston, MA | $0 | $10,112,596 |
Franciscan Life Center Network Incorporated Meriden, CT | $10,812,129 | $12,218,317 |
Center For Youth Services Inc Rochester, NY | $5,432,690 | $11,026,300 |
The Committee For Hispanic Children And Families Inc New York, NY | $4,931,284 | $10,533,775 |