Job Options Inc
- Assets
- $196.5k
- Revenue
- $809.0k
- Investments
- $0.0
- Employees
- 19
- Location
- Lynn, MA
- Founding
- 02/1971
- Data as of
- 06/2023
- EIN
- 23-7100697
Organization Overview
Job Options Inc is located in Lynn, MA. The organization was established in 1971. 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 06/2023, Job Options Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Job Options 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 06/2023, Job Options Inc generated $809.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS AN INNER CITY DAYCARE, WHICH PRIMARILY SERVES THE MINORITY COMMUNITY TO SERVE WORKING PARENTS, THOSE IN COLLEGE AND TRAINING PROGRAMS, AND THOSE IN NEED OF PROTECTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDCARE SERVICES: THE ORGANIZATION WAS CREATED AS A DIRECT RESPONSE TO AN URGENT COMMUNITY NEED FOR AFFORDABLE, QUALITY CHILDCARE. THE ORGANIZATION IS LICENSED BY THE DEPARTMENT OF EARLY EDUCATION AND CARE FOR 110 CHILDREN BETWEEN THE AGES OF 2 MONTHS AND 6 YEARS. ALTHOUGH PRIVATE TUITION IS AVAILABLE, THE ORGANIZATION WORKS CLOSELY WITH THE COMMONWEALTH OF MASSACHUSETTS TO OFFER SUBSIDIZED CHILDCARE, ALLOWING PARENTS AND GUARDIANS THE OPPORTUNITY TO SEEK EMPLOYMENT, MAINTAIN EMPLOYMENT AND FURTHER THEIR EDUCATION. THE ORGANIZATION PROUDLY ACHIEVED ACCREDITATION THROUGH THE NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC) IN JUNE 2014, AND THEY STRIVE TO ENSURE THAT THE CENTER MAINTAINS THE NAEYC STANDARDS OF QUALITY.
TEEN PARENT SERVICES: THE ORGANIZATION ALSO OFFERS THE ONLY TEEN PARENT PROGRAM IN LYNN. SINCE 1988, THE ORGANIZATION HAS OPERATED A COMPREHENSIVE PROGRAM FOR 12 TEEN PARENTS AND THEIR CHILDREN GEARED TO MEET THEIR SPECIFIC NEEDS. IT IS THE ORGANIZATION'S OBJECTIVE FOR THE TEENS IN THE PROGRAM TO AVOID FUTURE PREGNANCIES, FINISH THEIR EDUCATION IN HIGH SCHOOL AND CONTINUE ONTO COLLEGE, EMPLOYMENT, TRAINING, OR ANOTHER APPROPRIATE SETTING, WHILE RECEIVING CHILD CARE SERVICES AND BUILDING LIFE/PARENTING SKILLS SO THAT THEY BECOME SELF-SUFFICIENT. MANY OF THE PREVIOUS TEEN PARENTS HAVE GONE ON TO EARN AN ASSOCIATE'S, BACHELOR'S, AND MASTER'S DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Merson Executive Di | Officer | 50 | $75,490 |
Chris Carmody President | OfficerTrustee | 2 | $0 |
Nancy Cassidy Vice Preside | OfficerTrustee | 2 | $0 |
Nancy Schaller Treasurer | OfficerTrustee | 2 | $0 |
Rev Dr Anita Farber-Robertson Clerk | OfficerTrustee | 2 | $0 |
Margaret Barmack Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $897,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $897,210 |
| Total Program Service Revenue | $21,829 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$111,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $809,043 |
| 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. | $75,773 |
| Compensation of current officers, directors, key employees. | $68,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $638,947 |
| Pension plan accruals and contributions | $6,575 |
| Other employee benefits | $157,092 |
| Payroll taxes | $60,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,380 |
| Advertising and promotion | $0 |
| Office expenses | $3,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,279 |
| Insurance | $18,134 |
| All other expenses | $12,801 |
| Total functional expenses | $1,287,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,644 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,519 |
| Accounts payable and accrued expenses | $102,219 |
| 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 | $4,395 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,905 |
| Total liabilities | $196,519 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $196,519 |