Metropolitan Multicultural School
- Assets
- $206.4k
- Revenue
- $539.7k
- Investments
- $0.0
- Employees
- 26
- Location
- Lakewood, NJ
- Founding
- 01/1979
- Data as of
- 03/2020
- EIN
- 22-2110865
Organization Overview
Metropolitan Multicultural School, operating under the name Lakewood Multicultural Preschool, is located in Lakewood, NJ. The organization was established in 1979. 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 03/2020, Lakewood Multicultural Preschool employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Multicultural Preschool 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 03/2020, Lakewood Multicultural Preschool generated $539.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $562.3k during the year ending 03/2020. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHILD CARE FOR LOW INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL DAY CARE SERVICES FOR PRE-SCHOOL CHILDREN FROM LOW INCOME FAMILIES ENABLING THE PARENT(S) TO WORK OR ATTEND SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Rivera Chief Operating Officer | Officer | 40 | $50,388 |
Iris Devrous Director | Trustee | 40 | $40,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,116 |
| 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 | $539,715 |
| 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. | $50,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,523 |
| Payroll taxes | $41,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,782 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,785 |
| Advertising and promotion | $0 |
| Office expenses | $2,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,895 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,817 |
| Insurance | $20,616 |
| All other expenses | $0 |
| Total functional expenses | $562,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,690 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,375 |
| 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 | $811 |
| Total assets | $206,413 |
| Accounts payable and accrued expenses | $34,379 |
| Grants payable | $0 |
| Deferred revenue | $4,887 |
| 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 | $125,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $164,990 |
| 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 | $41,423 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metropolitan Multicultural School has recieved totaling $6,224.
| Awarding Organization | Amount |
|---|---|
Prevent Child Abuse-New Jersey Chapter Inc New Brunswick, NJ PURPOSE: CHILD CARE | $6,224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Crown Heights Educational Centers Inc Brooklyn, NY | $13,044,302 | $39,783,189 |
Butler County Childrens Center Inc Butler, PA | $4,755,863 | $35,804,322 |
Northeast Parent And Child Society Inc Albany, NY | $28,822,787 | $39,619,614 |
Day Care Council Of New York Inc New York, NY | $9,552,378 | $29,439,995 |
Local 1199 Employer Child Care Fund New York, NY | $9,599,746 | $26,390,532 |
Child Development Centers Inc Erie, PA | $22,860,787 | $26,993,736 |
All My Children Day Care And Nursery School Jamaica Estates, NY | $13,560,786 | $26,442,381 |
Bradford Child Care Services Inc Bridgeville, PA | $6,738,908 | $20,770,769 |
Child Development And Family Council Of Centre County State College, PA | $3,508,640 | $21,304,471 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |
United Bronx Parents Inc Bronx, NY | $29,568,734 | $11,638,478 |