Family Cooperative Inc
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 25
- Location
- Watertown, MA
- Founding
- 08/2014
- Data as of
- 07/2024
- EIN
- 46-1859126
Organization Overview
Family Cooperative Inc is located in Watertown, MA. The organization was established in 2014. 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 07/2024, Family Cooperative Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Cooperative 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 07/2024, Family Cooperative Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.5m during the year ending 07/2024. While expenses have increased by 11.2% 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
TO CARE FOR AND EDUCATE CHILDREN THROUGH ENGAGING IN AN EMERGENT, CHILD-CENTERED CURRICULUM IN A COOPERATIVE SETTING THAT SUPPORTS STRONG PARENTAL INVOLVEMENT; TO FACILIATATE CHILREN'S RELATIONSHIPS WITHIN THE COMMUNITY, EXPLORATIONS OF THEIR ENVIRONMENT AND INVESTIGATIONS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FAMILY COOPERATIVE OPERATES A FULL-TIME CHILDCARE CENTER THAT SERVICES APPROXIMATELY 45 CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sisse Harder Delff Co-President | OfficerTrustee | 5 | $0 |
Amelia Cyr Co-President | OfficerTrustee | 5 | $0 |
Don Cyr Treasurer | OfficerTrustee | 2 | $0 |
Jenni Lonsdale Secretary | OfficerTrustee | 2 | $0 |
Rachel Hyland Director | Trustee | 1 | $0 |
Amy Norton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,089 |
| Related organizations | $0 |
| Government grants | $151,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,541 |
| Total Program Service Revenue | $1,351,977 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,763 |
| Net Income from Fundraising Events | -$1,283 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,546,008 |
| 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. | $232,256 |
| Compensation of current officers, directors, key employees. | $45,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $806,532 |
| Pension plan accruals and contributions | $18,956 |
| Other employee benefits | $69,129 |
| Payroll taxes | $87,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $2,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,983 |
| Advertising and promotion | $936 |
| Office expenses | $1,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,761 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,118 |
| Interest | $30,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,791 |
| Insurance | $8,994 |
| All other expenses | $11,430 |
| Total functional expenses | $1,493,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,739 |
| Savings and temporary cash investments | $151,826 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,192 |
| 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 | $0 |
| Net Land, buildings, and equipment | $781,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268,314 |
| Total assets | $1,382,253 |
| Accounts payable and accrued expenses | $1,895 |
| 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 | $411,222 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $536,770 |
| Total liabilities | $949,887 |
| Net assets without donor restrictions | $432,366 |
| 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 | $1,382,253 |