Guilford Center For Children Inc
- Assets
- $3.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 63
- Location
- Guilford, CT
- Founding
- 02/1972
- Data as of
- 08/2023
- EIN
- 06-0876677
Organization Overview
Guilford Center For Children Inc is located in Guilford, CT. The organization was established in 1972. 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, Guilford Center For Children Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guilford Center For Children 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, Guilford Center For Children Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.0m during the year ending 08/2023. While expenses have increased by 5.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GUILFORD CENTER FOR CHILDREN, INC. PROVIDES TWO MAJOR PROGRAMS: AN NAEYC ACCREDITED EARLY EDUCATION PROGRAM FOR CHILDREN AGES 3 TO 5 AND A BEFORE AND AFTER SCHOOL FOR CHILDREN AGES 5 THROUGH 12 YEARS OLD FOR WORKING FAMILIES IN GUILFORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY EDUCATION PROGRAM
BEFORE AND AFTER SCHOOL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Duggan President | OfficerTrustee | 5 | $0 |
Courtney Bright Vice President | OfficerTrustee | 1 | $0 |
Stephanie Mancini Treasurer | OfficerTrustee | 1 | $0 |
Sarah Fawcett Secretary | OfficerTrustee | 1 | $0 |
Kristin Balsamo Director | Trustee | 1 | $0 |
Diane Hall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $613,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $669,814 |
| Total Program Service Revenue | $1,691,780 |
| Investment income | $854 |
| 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 | $2,362,448 |
| 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. | $137,957 |
| Compensation of current officers, directors, key employees. | $137,957 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,150,872 |
| Pension plan accruals and contributions | $12,689 |
| Other employee benefits | $116,876 |
| Payroll taxes | $104,285 |
| Fees for services: Management | $640 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,054 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $40,794 |
| Royalties | $0 |
| Occupancy | $5,780 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,141 |
| Interest | $71,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,971 |
| Insurance | $28,851 |
| All other expenses | $20,922 |
| Total functional expenses | $2,031,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $820,359 |
| Savings and temporary cash investments | $47,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,857 |
| 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 | $9,269 |
| Net Land, buildings, and equipment | $2,202,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,118,797 |
| Accounts payable and accrued expenses | $32,409 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| Tax-exempt bond liabilities | $1,519,766 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $54,129 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,772 |
| Total liabilities | $1,665,076 |
| Net assets without donor restrictions | $1,441,052 |
| Net assets with donor restrictions | $12,669 |
| 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 | $3,118,797 |