Old Lyme Childrens Learning Center Inc
- Assets
- $343.5k
- Revenue
- $680.8k
- Investments
- $0.0
- Employees
- 35
- Location
- Old Lyme, CT
- Founding
- 10/1987
- Data as of
- 08/2022
- EIN
- 22-2808283
Organization Overview
Old Lyme Childrens Learning Center Inc is located in Old Lyme, CT. The organization was established in 1987. 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 08/2022, Old Lyme Childrens Learning Center Inc employed 35 individuals. This organization is the central organization for a national or regional group of organizations. Old Lyme Childrens Learning 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 08/2022, Old Lyme Childrens Learning Center Inc generated $680.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $522.5k during the year ending 08/2022. While expenses have increased by 1.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN THE TIME AND OPPORTUNITIES TO GROW, EXPLORE, AND DISCOVER. THE PROGRAMS PROMOTE THE DEVELOPMENT OF CHILDREN AS CREATIVE INDIVIDUALS AND AS MEMBERS OF SMALL GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY ACTIVITIES AND EXPERIENCES ARE PROVIDED WHICH ENHANCE EACH CHILD'S SENSE OF SELF-ESTEEM AND MASTERY SKILLS. THE GOAL IS TO PROVIDE A SECURE, SAFE AND HAPPY ENVIRONMENT THAT FOSTERS NATURAL DEVELOPMENT OF THE WHOLE CHILD, WHICH INCLUDES SOCIO-EMOTIONAL, COGNITVE, LANGUAGE AND SMALL AND LARGE MOTOR SKILLS. DUE TO COVID 19 THE CENTER REMAINED CLOSED FOR AN EXTENDED PERIOD OF TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Gatcheck Executive Dir. | Officer | 40 | $52,000 |
Kristen St Germain President | OfficerTrustee | 1 | $0 |
Donna Derita Vice President | OfficerTrustee | 1 | $0 |
Nicole Mccarthy Treasurer | OfficerTrustee | 1 | $0 |
Marie Ryan Secretary | OfficerTrustee | 1 | $0 |
Elizabeth Sked Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,163 |
| Total Program Service Revenue | $591,706 |
| Investment income | $1,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $680,805 |
| 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. | $52,000 |
| Compensation of current officers, directors, key employees. | $16,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,474 |
| Payroll taxes | $36,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $320 |
| Fees for services: Other | $4,228 |
| Advertising and promotion | $809 |
| Office expenses | $9,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,894 |
| 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 | $14,513 |
| Insurance | $8,400 |
| All other expenses | $790 |
| Total functional expenses | $522,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,397 |
| Savings and temporary cash investments | $169,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,463 |
| 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 |
| Net Land, buildings, and equipment | $122,815 |
| Investments—publicly traded securities | $17,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $343,506 |
| Accounts payable and accrued expenses | $3,912 |
| Grants payable | $0 |
| Deferred revenue | $27,532 |
| 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 | $31,444 |
| Net assets without donor restrictions | $312,062 |
| 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 | $343,506 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Lyme Childrens Learning Center Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Crown Heights Educational Centers Inc Brooklyn, NY | $13,044,302 | $39,783,189 |
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 |
Guild Of St Agnes Of Worcester Inc Worcester, MA | $20,569,585 | $28,747,687 |
All My Children Day Care And Nursery School Jamaica Estates, NY | $13,560,786 | $26,442,381 |
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Childrens Learning Centers Of Fairfield County Inc Stamford, CT | $16,683,944 | $15,937,676 |
Horizons For Homeless Children Inc Roxbury, MA | $38,808,218 | $18,496,836 |
Campus Child Care Inc Cambridge, MA | $6,709,229 | $14,434,733 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |