Belmont Child Care Association Inc

Organization Overview

Belmont Child Care Association Inc is located in Elmont, NY. The organization was established in 1999. 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 12/2021, Belmont Child Care Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Child Care Association 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 12/2021, Belmont Child Care Association Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 7.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST WORKING FAMILIES IN THE RACING INDUSTRY BY PROVIDING QUALITY CHILD CARE SERVICES TO THOSE WHO COULD NOT OTHERWISE AFFORD SUCH CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES AN ON-SITE CHILD CARE PROGRAM FOR FAMILIES OF THE NEW YORK RACING COMMUNITY WHO WORK ON THE BACKSTRETCH OR FRONTSIDE OF BELMONT PARK, AQUEDUCT OR SARATOGA RACETRACKS.


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Board, Officers & Key Employees

Name (title)Compensation
Joanne K Adams
Executive Dir.
$175,654
Patrick Mackay
Secretary
$0
Laura Barillaro
Treasurer
$0
Elizabeth Imperio
President
$0
Michael Dubb
Chairman
$0
Donald Little Jr
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$489,528
Related organizations$0
Government grants $234,870
All other contributions, gifts, grants, and similar amounts not included above$392,444
Noncash contributions included in lines 1a–1f $157,842
Total Revenue from Contributions, Gifts, Grants & Similar$1,116,842
Total Program Service Revenue$0
Investment income $830,081
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $89
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,947,012

Grants Recieved

Over the last fiscal year, we have identified 21 grants that Belmont Child Care Association Inc has recieved totaling $172,671.

Awarding OrganizationAmount
Keeler Motor Car Company Charitable Foundation

Loudonville, NY

PURPOSE: GENERAL SUPPORT

$25,000
$23,700
Chester County Community Foundation Inc

West Chester, PA

PURPOSE: HUMAN SERVICES

$20,000
$18,430
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL OPERATIONS

$15,000
The Thompson Family Foundation Inc

New York, NY

PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS.

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,126,318
Net Contributions$24,085
Ending Balance$1,150,403

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