Beverly Childrens Learning Centers Inc
- Assets
- $5.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 57
- Location
- Beverly, MA
- Founding
- 01/1975
- Data as of
- 06/2022
- EIN
- 23-7267243
Organization Overview
Beverly Childrens Learning Centers Inc is located in Beverly, MA. The organization was established in 1975. 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 06/2022, Beverly Childrens Learning Centers Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Childrens Learning Centers 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, Beverly Childrens Learning Centers Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 4.3% 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 ORGANIZATION'S MISSION IS TO PROVIDE CHILD CARE AND EDUCATION SEVICES FOR LOW INCOME CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-SCHOOL LEARNING PROGRAMTHE PRESCHOOL LEARNING PROGRAM SERVES CHILDREN WHO ARE 3 TO 6 YEARS OF AGE. THE PROGRAM PROVIDES TRAINED PRESCHOOL TEACHERS, DEVELOPMENTALLY APPROPRIATE CURRICULUM, RECREATION, NUTRITIOUS MEALS AND TRANSPORTATION FOR THE CHILDREN. THIS YEAR WE SERVED 79 CHILDREN, 52% RECEIVED FINANCIAL ASSISTANCE, 41% OF THOSE RECEIVING ASSISTANCE WERE FREE CARE.
SCHOOL AGE PROGRAMTHE SCHOOL AGE PROGRAM SERVES CHILDREN THAT ARE IN KINDERGARTEN AND ELEMENTARY SCHOOL. THE PROGRAM PROVIDES CHILDCARE AROUND THE CHILDRENS SCHOOL SCHEDULES. THE PROGRAM ALSO PROVIDES THE CHILDREN WITH RECREATIONAL ACTIVITIES AS WELL AS HOMEWORK ASSISTANCE. THIS YEAR WE SERVED 88 CHILDREN, 73% RECEIVING FINANCIAL ASSISTANCE, AND OF THOSE RECEIVING FINANCIAL ASSISTANCE 22% WERE FREE CARE.
FAMILY DAY CARE PROGRAMTHE FAMILY DAY CARE PROGRAM SERVES CHILDREN AGES 2 MONTHS THROUGH KINDERGARTEN. THE PROGRAM PROVIDES CHILDCARE BY QUALIFIED CAREGIVERS IN LICENSED HOMES. THE PROGRAM ALSO PROVIDES FOR HEALTHY MEALS AND SNACKS, TRANSPORTATION, PARENT PARTICIPATION AND ENRICHMENT AND RECREATIONAL ACTIVITIES. THIS YEAR WE SERVED 44 CHILDREN, 100% RECEIVING FINANCIAL ASSISTANCE, AND OF THOSE RECEIVING FINANCIAL ASSISTANCE 23% WERE FREE CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Cody Executive Director | Officer | 40 | $100,340 |
Karl Wilson President | OfficerTrustee | 2 | $0 |
Maureen Troubetaris Secretary | OfficerTrustee | 2 | $0 |
Brian D'apice Treasurer | OfficerTrustee | 2 | $0 |
Sarah Goyette Director | Trustee | 1 | $0 |
Charles Guyer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,800 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,536,983 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,658,131 |
| Total Program Service Revenue | $549,194 |
| Investment income | $198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,222,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,266 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,564 |
| Compensation of current officers, directors, key employees. | $64,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,243,408 |
| Pension plan accruals and contributions | $10,590 |
| Other employee benefits | $65,655 |
| Payroll taxes | $134,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,389 |
| Advertising and promotion | $349 |
| Office expenses | $47,618 |
| Information technology | $10,599 |
| Royalties | $0 |
| Occupancy | $241,049 |
| Travel | $16,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,000 |
| Insurance | $1,674 |
| All other expenses | $12,353 |
| Total functional expenses | $2,671,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,402 |
| 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 | $32,595 |
| Net Land, buildings, and equipment | $4,450,355 |
| Investments—publicly traded securities | $13,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,014,757 |
| Accounts payable and accrued expenses | $67,241 |
| Grants payable | $0 |
| Deferred revenue | $17,370 |
| 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 | $2,354,758 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,439,369 |
| Net assets without donor restrictions | $2,475,388 |
| Net assets with donor restrictions | $100,000 |
| 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 | $5,014,757 |