Childrens Center Inc
- Assets
- $1.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 68
- Location
- Galveston, TX
- Founding
- 07/1984
- Data as of
- 09/2023
- EIN
- 76-0074326
Organization Overview
Childrens Center Inc is located in Galveston, TX. The organization was established in 1984. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 09/2023, Childrens Center Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Center 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 09/2023, Childrens Center Inc generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $3.5m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 8 years. 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
PROVIDE SAFETY, HOUSING AND MENTORING FOR ABANDONED, ABUSED, NEGLECTED AND EXELOITED CHILDREN, ADOLESCENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC CENTER PROGRAM: THIS PROVIDES CASE MANAGEMENT, COUNSELING, A..ER-CARE SUPPORT FORHOMELESS, ABUSED AND RUNAWAY CHILDREN AND ALSO ASSIST THEM TO FIND PERMANENT RESIDENTIAL SERVICES PROGRAM: THIS PROVIDES SAFE AND SECURE HOUSING FOR CHILDREN IN CUSTODY OF CHILD PROTECTIVE AGENCIES AND FOR HOMELESS YOUTH, ADULTS AND FAMILIES. COMMUNITY YOUTH DEVELOPMENT PROGRAM: THIS PROGRAM PROVIDES ACADEMIC SUPPORT,CAREER PREPARATION, JOB-SHADOWING, MENTORING, RECREATION AND LEADERSHIP DEVELOPMENT TO YOUTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Holmen Chairman | Trustee | 10 | $0 |
James T Keel Executive Di | OfficerTrustee | 40 | $0 |
Gabriel Martinez Treasurer | Trustee | 10 | $0 |
Lexer Soto Director | Trustee | 10 | $0 |
Hilda Torres Secretary | Trustee | 10 | $0 |
Selma Yznaga Vice Chairma | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,978,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,078,828 |
| Total Program Service Revenue | $0 |
| Investment income | $15,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $792,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,887,013 |
| 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 | $70,949 |
| Compensation of current officers, directors, key employees. | $104,375 |
| Compensation of current officers, directors, key employees. | $93,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,424,805 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,501 |
| Payroll taxes | $145,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,443 |
| Fees for services: Accounting | $81,693 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $275,310 |
| Information technology | $6,265 |
| Royalties | $0 |
| Occupancy | $321,902 |
| Travel | $83,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,032 |
| Insurance | $644 |
| All other expenses | $0 |
| Total functional expenses | $3,529,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,849 |
| 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 | $474,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,050 |
| Total assets | $1,040,705 |
| Accounts payable and accrued expenses | $250,835 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $40,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $447,620 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,552 |
| Total liabilities | $747,007 |
| Net assets without donor restrictions | $293,698 |
| 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 | $1,040,705 |