Family Cooperative Inc
- Assets
- $478.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Watertown, MA
- Founding
- 08/2014
- Data as of
- 07/2022
- 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 07/2022, 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 07/2022, Family Cooperative Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $968.5k during the year ending 07/2022. While expenses have increased by 7.8% 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
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 ENVIRONMET, 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.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Goodkind Director/executive Directo | Trustee | 40 | $83,025 |
Caitlin Maddox Director/teacher | Trustee | 40 | $52,163 |
Hyunil Moon Treasurer | OfficerTrustee | 2 | $0 |
Ian Lonsdale Secretary | OfficerTrustee | 2 | $0 |
Maya Stiles-Royall Co-Chair | OfficerTrustee | 5 | $0 |
Jonny Drummey Co-Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,924 |
| Related organizations | $0 |
| Government grants | $181,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,835 |
| Total Program Service Revenue | $836,977 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,201 |
| Net Income from Fundraising Events | -$1,703 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,027,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250 |
| 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. | $135,188 |
| Compensation of current officers, directors, key employees. | $26,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,301 |
| Payroll taxes | $65,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,093 |
| Advertising and promotion | $283 |
| Office expenses | $1,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,201 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364 |
| Insurance | $9,326 |
| All other expenses | $2,546 |
| Total functional expenses | $968,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,728 |
| Savings and temporary cash investments | $314,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,481 |
| 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 | $4,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $478,028 |
| Accounts payable and accrued expenses | $306 |
| 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 | $178,112 |
| Total liabilities | $178,418 |
| Net assets without donor restrictions | $299,610 |
| 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 | $478,028 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Cooperative Inc has recieved totaling $184.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Crown Heights Educational Centers Inc Brooklyn, NY | $13,044,302 | $39,783,189 |
Northeast Parent And Child Society Inc Albany, NY | $28,822,787 | $39,619,614 |
Day Care Council Of New York Inc New York, NY | $9,552,378 | $29,439,995 |
Local 1199 Employer Child Care Fund New York, NY | $9,599,746 | $26,390,532 |
Guild Of St Agnes Of Worcester Inc Worcester, MA | $20,569,585 | $28,747,687 |
All My Children Day Care And Nursery School Jamaica Estates, NY | $13,560,786 | $26,442,381 |
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Childrens Learning Centers Of Fairfield County Inc Stamford, CT | $16,683,944 | $15,937,676 |
Horizons For Homeless Children Inc Roxbury, MA | $38,808,218 | $18,496,836 |
Campus Child Care Inc Cambridge, MA | $6,709,229 | $14,434,733 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |