Malverne Afterschool Center Inc
- Assets
- $123.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 27
- Location
- Malverne, NY
- Founding
- 06/1996
- Data as of
- 06/2021
- EIN
- 11-3206121
Organization Overview
Malverne Afterschool Center Inc is located in Malverne, NY. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Malverne Afterschool Center Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malverne Afterschool 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 06/2021, Malverne Afterschool Center Inc generated $138.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $194.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
AFTERSCHOOL TUITION FEES AND CHARGES - GO DIRECTLY TOWARDS PROVIDING STRUCTURED RECREATIONAL AND CREATIVE ACTIVITIES, HOMEWORK ASSISTANCE AND SUPERVISED INDIVIDUAL AND GROUP ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefan Phillip Executive Dir. | 40 | $43,992 | |
Stacy Lewis Trustee | 4 | $0 | |
Teresa Wilkinson Trustee | 4 | $0 | |
Kathleen Nolan-Kasal President | 4 | $0 | |
Glen Berry Trustee | 4 | $0 | |
Ausberto Huertas Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,508 |
| Total Program Service Revenue | $74,972 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,486 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $141,137 |
| Professional fees and other payments to independent contractors | $4,991 |
| Occupancy, rent, utilities, and maintenance | $10,800 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,754 |
| Total expenses | $194,682 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,726 |
| Other assets | $0 |
| Total assets | $123,202 |
| Total liabilities | $79,467 |
| Net assets or fund balances | $43,735 |
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|---|---|---|
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The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |