Cambridgeport Child Care Inc
- Assets
- $801.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Cambridge, MA
- Founding
- 10/1974
- Data as of
- 06/2024
- EIN
- 23-7400559
Organization Overview
Cambridgeport Child Care Inc is located in Cambridge, MA. The organization was established in 1974. 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 06/2024, Cambridgeport Child Care Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridgeport Child Care 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 06/2024, Cambridgeport Child Care Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.0m during the year ending 06/2024. While expenses have increased by 3.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CAMBRIDGEPORT CHILDRENS CENTER IS TO PROVIDE NURTURING AND INCLUSIVE CHILD-CENTERED EARLY CHILDHOOD EDUCATIONAL EXPERIENCE BASED ON A REGGIO-INSPIRED VISION THAT VALUES DIVERSITY AND RESPECT. THE ORGANIZATION ACTIVELY PROMOTES PARTNERSHIPS (CONTD IN SCH. O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EARLY EDUCATION AND CHILD CARE SERVICES TO CHILDREN 15 MONTHS THROUGH KINDERGARTEN AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Canina Executive Director | OfficerTrustee | 40 | $136,528 |
Tasha Miller Clerk | OfficerTrustee | 5 | $0 |
Raul Ripoll Vera Treasurer | OfficerTrustee | 5 | $0 |
Caitlin Egleson President | OfficerTrustee | 5 | $0 |
Samantha Miller Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,435 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,435 |
| Total Program Service Revenue | $981,271 |
| Investment income | $10,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,014,332 |
| 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. | $136,040 |
| Compensation of current officers, directors, key employees. | $20,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,854 |
| Pension plan accruals and contributions | $15,151 |
| Other employee benefits | $83,124 |
| Payroll taxes | $53,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,366 |
| Advertising and promotion | $90 |
| Office expenses | $7,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,657 |
| Travel | $4,416 |
| 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 | $44,170 |
| Insurance | $12,334 |
| All other expenses | $2,022 |
| Total functional expenses | $1,007,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,994 |
| Savings and temporary cash investments | $484,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $348 |
| Net Land, buildings, and equipment | $206,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,900 |
| Total assets | $801,155 |
| Accounts payable and accrued expenses | $51,592 |
| Grants payable | $0 |
| Deferred revenue | $106,285 |
| 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 | $121,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $279,608 |
| Net assets without donor restrictions | $521,547 |
| 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 | $801,155 |