Red Balloon
- Assets
- $299.5k
- Revenue
- $648.9k
- Investments
- $0.0
- Employees
- 18
- Location
- New York, NY
- Founding
- 01/1976
- Data as of
- 06/2021
- EIN
- 13-2772534
Organization Overview
Red Balloon is located in New York, NY. The organization was established in 1976. 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 06/2021, Red Balloon employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Balloon 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, Red Balloon generated $648.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $605.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 3 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PARTNER WITH FAMILIES TO CREATE A SAFE NURTURING COMMUNITY WHERE CHILDREN ARE ENCOURAGE TO REACH THEIR POTENTIAL THROUGH PLAY BASED EXPERIENTIAL CURRICULUM WHILE PLANTING SEEDS OF LIFE -LONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A YEAR ROUND FULL DAY CARE PROGRAM TO CHILDREN FROM TWO 2 TO FIVE 5 YEARSF AGE. THE SCHOOL CATERS TO THE NEED OF WORKING AND STUDENT FAMILIES ON THE UPPER WEST SIDE OF NEW YORK CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Hershkowwitz Director | Officer | 40 | $20,671 |
Elizabeth Soqui Director | Officer | 40 | $13,076 |
Laurie Rouder Director | Officer | 40 | $12,769 |
Annapurna Schreiber President | OfficerTrustee | 5 | $0 |
Christine Alberti Treasurer | OfficerTrustee | 5 | $0 |
Alice Huang Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,000 |
| Investment income | $0 |
| 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 | $648,915 |
| Statement of Expenses | |
|---|---|
| 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. | $370,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,671 |
| Payroll taxes | $28,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,260 |
| Advertising and promotion | $0 |
| Office expenses | $8,043 |
| Information technology | $8,731 |
| Royalties | $0 |
| Occupancy | $10,177 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,102 |
| All other expenses | $0 |
| Total functional expenses | $604,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,243 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,663 |
| Accounts receivable, net | $551 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $299,457 |
| Accounts payable and accrued expenses | $13,025 |
| Grants payable | $41,420 |
| Deferred revenue | $44,186 |
| 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 | $152,502 |
| Other liabilities | $839 |
| Total liabilities | $251,972 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $47,485 |