Boston Chinatown Neighborhood Center Inc
- Assets
- $14.4m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 159
- Location
- Boston, MA
- Founding
- 08/1972
- Data as of
- 06/2023
- EIN
- 23-7209691
Organization Overview
Boston Chinatown Neighborhood Center Inc is located in Boston, MA. The organization was established in 1972. 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, Boston Chinatown Neighborhood Center Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Chinatown Neighborhood 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 06/2023, Boston Chinatown Neighborhood Center Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $7.3m during the year ending 06/2023. While expenses have increased by 7.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHILD CARE AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILD CARE PROGRAM INCLUDES THE ACORN CENTER FOR EARLY EDUCATION AND CARE, THE RED OAK AFTER SCHOOL PROGRAM AND THE FAMILY CHILD CARE PROGRAM.THE ACORN CENTER FOR EARLY EDUCATION AND CARE PROVIDES BILINGUAL CANTONESE/ENGLISH FULL DAY CHILD CARE FOR TODDLERS AND PRESCHOOLERS. ACORN PROGRAM HOURS ARE YEAR-ROUND, MONDAY THROUGH FRIDAY FROM 7:30 A.M. TO 5:30 P.M. AND THE PROGRAM IS ACCREDITED BY THE NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC) AND LICENSED BY THE STATE'S DEPARTMENT OF EARLY EDUCATION AND CARE (EEC). ACORN OFFERS CHILDREN A SAFE AND NURTURING ENVIRONMENT AND AN EDUCATIONAL CURRICULUM THAT IS INCLUSIVE OF THE HERITAGE OF ALL CHILDREN.THE RED OAK AFTER SCHOOL PROGRAM, LICENSED BY EEC, PROVIDES YEAR-ROUND AFTER SCHOOL CARE, EDUCATION AND ENRICHMENT SERVICES FOR SCHOOL AGE CHILDREN, AND EXPANDS TO FULL-DAY PROGRAMMING DURING SCHOOL VACATIONS AND THE SUMMER MONTHS, RED OAK HAS A MULTICULTURAL AND ARTS FOCUS AND PROVIDES HOMEWORK INSTRUCTION, RECREATIONAL AND ENRICHMENT ACTIVITIES, AND ACCULTURATION SUPPORT FOR CHILDREN OF ALL BACKGROUNDS.FAMILY CHILD CARE RECRUITS, TRAINS, AND LICENSES CHINESE SPEAKING ASIAN AMERICANS INTERESTED IN OPENING FAMILY CHILD CARE BUSINESSES, AND PROVIDES ONGOING PROFESSIONAL SUPPORT TO THOSE WHO ARE ALREADY LICENSED. THE PROGRAM RUNS THE FIRST AND ONLY STATE FUNDED CHINESE FAMILY CHILD CARE SYSTEM IN MASSACHUSETTS AND PROVIDES OVER 40 SUBSIDIZED CHILD CARE SLOTS FOR LOW-INCOME FAMILIES.
IN BOSTON AND QUINCY, THE ADULT EDUCATION AND WORKFORCE INITIATIVES PROGRAM OFFERS BEGINNING TO ADVANCED ENGLISH FOR SPEAKERS OF OTHER LANGUAGES (ESOL) COURSES, INSTRUCTION IN DIGITAL/TECHNICAL LITERACY, ACADEMIC AND CAREER COUNSELING, JOB SEARCH SKILLS, PLACEMENT AND EMPLOYMENT RETENTION SUPPORT, AND OTHER RELATED TOPICS TO PREPARE PARTICIPANTS TO ENTER THE AMERICAN WORKFORCE AND POSTSECONDARY EDUCATION.
THROUGH ARTS, CULTURE AND EDUCATION, THE PAO ARTS CENTER BRINGS TOGETHER COMMUNITY MEMBERS ACROSS GENERATIONS TO RECLAIM A CRITICAL PIECE OF CHINATOWN HISTORY TO CREATE HEALTHY FAMILIES AND A VIBRANT COMMUNITY. IN PARTNERSHIP WITH BUNKER HILL COMMUNITY COLLEGE, BCNC OPENED THE PAO ARTS CENTER IN 2017 TO BE CHINATOWN'S FIRST COMMUNITY-BASED ARTS CENTER AND BOSTON'S NEWLY DEDICATED ASIAN AMERICAN AND ASIAN IMMIGRANT CULTURAL SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Mahr Chair | OfficerTrustee | 1 | $0 |
Sandee Simshauser Vice-Chair | OfficerTrustee | 1 | $0 |
Theresa Mock Clerk | OfficerTrustee | 1 | $0 |
Nancy Adams Director | Trustee | 1 | $0 |
Paul Bi Director | Trustee | 1 | $0 |
Patrick Cahill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $647,227 |
| Related organizations | $0 |
| Government grants | $4,686,209 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,611,512 |
| Noncash contributions included in lines 1a–1f | $18,854 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,944,948 |
| Total Program Service Revenue | $498,978 |
| Investment income | $130,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,114 |
| Net Income from Fundraising Events | -$45,305 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,576,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $315,929 |
| Compensation of current officers, directors, key employees. | $315,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,094,759 |
| Pension plan accruals and contributions | $48,031 |
| Other employee benefits | $486,936 |
| Payroll taxes | $360,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $781,949 |
| Advertising and promotion | $3,674 |
| Office expenses | $149,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $436,584 |
| Travel | $23,260 |
| 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 | $179,424 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,292,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,732 |
| Savings and temporary cash investments | $757,510 |
| Pledges and grants receivable | $2,554,487 |
| Accounts receivable, net | $594,243 |
| 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 | $46,089 |
| Net Land, buildings, and equipment | $2,903,183 |
| Investments—publicly traded securities | $6,369,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $471,908 |
| Other assets | $85,968 |
| Total assets | $14,442,519 |
| Accounts payable and accrued expenses | $644,056 |
| Grants payable | $0 |
| Deferred revenue | $22,115 |
| 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 | $569,612 |
| Total liabilities | $1,235,783 |
| Net assets without donor restrictions | $8,789,262 |
| Net assets with donor restrictions | $4,417,474 |
| 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 | $14,442,519 |