Margaret P Muscarelle Child Development Center Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $682.0k
- Employees
- 24
- Location
- Garfield, NJ
- Founding
- 02/1960
- Data as of
- 09/2023
- EIN
- 22-1593527
Organization Overview
Margaret P Muscarelle Child Development Center Inc is located in Garfield, NJ. The organization was established in 1960. 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 09/2023, Margaret P Muscarelle Child Development Center Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret P Muscarelle Child Development 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 09/2023, Margaret P Muscarelle Child Development Center Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $931.5k during the year ending 09/2023. 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
THE PRIMARY EXEMPT PURPOSE IS TO PROVIDE FULL TIME EARLY CARE AND EDUCATION SERVICES TO LOW AND MODERATE INCOME FAMILIES WHO WOULD OTHERWISE BE UNABLE TO AFFORD QUALITY CHILD CARE. THE ORGANIZATION ALSO PROVIDES A NUTRITIOUS BREAKFAST, LUNCH AND SNACK DAILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRONIC CHILD CARE (ECC) IS THE TIME AND ATTENDANCE SYSTEM INITIATED BY THE STATE OF NEW JERSEY IN SEPTEMBER 2011. FAMILIES ON ALL OF THE STATE'S FUNDING STREAMS FOR CHILD CARE USE THIS SYSTEM.
CHILD CARE CENTER - FAMILIES WHO CAN AFFORD IT PAY FULL TUITION FOR THE PRESCHOOL.
CHILD CARE FOOD PROGRAM - PROVIDE BREAKFAST, LUNCH, AND SNACK DAILY, DURING THE 242 DAY PER YEAR PROGRAM, TO ALL CHILDREN, REGARDLESS OF FAMILY'S ABILITY TO PAY. FUNDS PROVIDED BY THE US DEPARTMENT OF AGRICULTURE, BUREAU OF CHILD NUTRITION, AND THE CHILD CARE FOOD PROGRAM ARE USED TO ACCOMPLISH THIS GOAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kupec President | OfficerTrustee | 5 | $0 |
Leane Surma Treasurer | OfficerTrustee | 1 | $0 |
Lois Mancini Nominating | Trustee | 1 | $0 |
Margarita Pennisi Personnel | Trustee | 1 | $0 |
Cassita M Massiah Trustee | Trustee | 1 | $0 |
Donna Carrazzone Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $937,394 |
| Investment income | $62,556 |
| 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 | $1,196,245 |
| 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. | $76,802 |
| Compensation of current officers, directors, key employees. | $30,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $486,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,253 |
| Payroll taxes | $58,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,896 |
| Advertising and promotion | $0 |
| Office expenses | $7,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,716 |
| Insurance | $34,410 |
| All other expenses | $9,709 |
| Total functional expenses | $931,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,302 |
| Savings and temporary cash investments | $172,380 |
| Pledges and grants receivable | $42,445 |
| Accounts receivable, net | $1,845 |
| 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 | $10,925 |
| Net Land, buildings, and equipment | $214,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $681,994 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,819,435 |
| Accounts payable and accrued expenses | $34,397 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $34,397 |
| Net assets without donor restrictions | $1,785,038 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,819,435 |