Belmont Child Care Association Inc
- Assets
- $8.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Elmont, NY
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 31-1646091
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 12/2023, Belmont Child Care Association Inc employed 3 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 12/2023, Belmont Child Care Association Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 8 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
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) | Role | Hours | Compensation |
|---|---|---|---|
Joanne K Adams Executive Dir. | Officer | 40 | $190,135 |
Laura Barillaro Treasurer | OfficerTrustee | 1.25 | $0 |
Eileen Bellavia Director | Trustee | 0.75 | $0 |
Elizabeth Imperio President | OfficerTrustee | 3.75 | $0 |
Kris Edwards Director | Trustee | 0.75 | $0 |
Patrick Mackay Secretary | OfficerTrustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $556,447 |
| Related organizations | $0 |
| Government grants | $23,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,903 |
| Noncash contributions included in lines 1a–1f | $175,544 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $928,850 |
| Total Program Service Revenue | $0 |
| Investment income | $462,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,747 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,428,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $616,112 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,135 |
| Compensation of current officers, directors, key employees. | $57,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,427 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,157 |
| Fees for services: Other | $490 |
| Advertising and promotion | $13,042 |
| Office expenses | $15,970 |
| Information technology | $1,776 |
| 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 | $95,712 |
| Insurance | $46,321 |
| All other expenses | $155,211 |
| Total functional expenses | $1,841,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,647 |
| Savings and temporary cash investments | $244,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,542 |
| 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 | $110,054 |
| Net Land, buildings, and equipment | $1,555,976 |
| Investments—publicly traded securities | $5,887,082 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,952,605 |
| Accounts payable and accrued expenses | $40,813 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $40,813 |
| Net assets without donor restrictions | $6,618,349 |
| Net assets with donor restrictions | $1,293,443 |
| 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 | $7,952,605 |