Childrens Center Of New Milford Inc
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 44
- Location
- New Milford, CT
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 23-7137832
Organization Overview
Childrens Center Of New Milford Inc is located in New Milford, CT. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Childrens Center Of New Milford Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Center Of New Milford 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 06/2022, Childrens Center Of New Milford Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 1.0% 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
THE CHILDREN'S CENTER OF NEW MILFORD, INC., PROVIDES TOP QUALITY EARLY CHILDHOOD EDUCATION, CHILDCARE, AND DAYCARE FOR CHILDREN RANGING IN AGE FROM 3 MONTHS-OLD TO 8 YEARS-OLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILDREN'S CENTER OF NEW MILFORD, INC., PROVIDES TOP QUALITY EARLY CHILDHOOD EDUCATION, CHILDCARE, AND DAYCARE FOR CHILDREN RANGING IN AGE FROM 3 MONTHS-OLD TO 8 YEARS-OLD.
THE CHILDREN'S CENTER OF NEW MILFORD, INC., PROVIDES TOP QUALITY EARLY CHILDHOOD EDUCATION, CHILDCARE, AND DAYCARE FOR CHILDREN RANGING IN AGE FROM 3 MONTHS-OLD TO 8 YEARS-OLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Johnston Executive Di | OfficerTrustee | 40 | $0 |
Linda Gomez Treasurer | OfficerTrustee | 1 | $0 |
John Vandenbosch Vice Chairma | OfficerTrustee | 1 | $0 |
Alex Ritter Secretary | OfficerTrustee | 1 | $0 |
Charlie Raymond Chairman | OfficerTrustee | 3 | $0 |
Mikejessica Yagid Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $690,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,819 |
| Total Program Service Revenue | $374,789 |
| Investment income | $3,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $793 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,395,820 |
| 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. | $59,532 |
| Compensation of current officers, directors, key employees. | $59,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $617,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $131,959 |
| Payroll taxes | $48,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,268 |
| 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 | $55,528 |
| Insurance | $10,260 |
| All other expenses | $31,242 |
| Total functional expenses | $1,107,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $648,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $4,827 |
| 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 | $1,965 |
| Net Land, buildings, and equipment | $412,034 |
| Investments—publicly traded securities | $192,630 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,334,632 |
| Accounts payable and accrued expenses | $20,809 |
| Grants payable | $0 |
| Deferred revenue | $6,800 |
| 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 | $55,064 |
| Total liabilities | $82,673 |
| Net assets without donor restrictions | $1,124,009 |
| Net assets with donor restrictions | $127,950 |
| 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 | $1,334,632 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Childrens Center Of New Milford Inc has recieved totaling $74,053.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CHARITABLE | | $40,000 |
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: GIVE LOCAL 2021 | $13,995 |
Union Savings Bank Foundation Inc Danbury, CT PURPOSE: EXEMPT PURPOSES | $5,000 |
Albert W Meserve & Helen C Meserve Memorial Fund Las Vegas, NV PURPOSE: GENERAL OPERATING | $5,000 |
Savings Bank Of Danbury Foundation Inc Danbury, CT PURPOSE: EXEMPT PURPOSES | $2,500 |
Savings Bank Of Danbury Foundation Inc Danbury, CT PURPOSE: EXEMPT PURPOSES | $2,500 |
Endowment Analysis
| Beg. Balance | $173,270 |
| Earnings | -$15,979 |
| Admin Expense | -$2,000 |
| Ending Balance | $155,291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |