Morrissey-Compton Educational Center
- Assets
- $1.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Redwood City, CA
- Founding
- 01/1990
- Data as of
- 12/2023
- EIN
- 77-0004694
Organization Overview
Morrissey-Compton Educational Center is located in Redwood City, CA. The organization was established in 1990. 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, Morrissey-Compton Educational Center employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morrissey-Compton Educational Center 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, Morrissey-Compton Educational Center generated $3.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 0.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEARNING DISABILITY REMEDIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNING DISABILITY REMEDIATION FOR CHILDREN AND ADULTS INCLUDING EVALUATION TO IDENTIFY THE LEARNING DISABILITY AND DEVELOPEMNT OF A LEARNING PROGRAM TO AMELIORATE THE LEARNING LIMIATION
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 |
|---|---|---|---|
Jack Morton Treasurer | OfficerTrustee | 2 | $0 |
Claire Lazar Board Member | Trustee | 2 | $0 |
Michael Masia President | OfficerTrustee | 2 | $0 |
Patricia Morrissey Edd Founder | OfficerTrustee | 10 | $0 |
Carolyn Compton PHD Founder | OfficerTrustee | 10 | $0 |
Allan Epstein Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $401,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,059 |
| Total Program Service Revenue | $2,587,576 |
| Investment income | $18,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,071,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $323,360 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,867 |
| Compensation of current officers, directors, key employees. | $21,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,767,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,491 |
| Payroll taxes | $149,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,531 |
| Fees for services: Other | $11,374 |
| Advertising and promotion | $0 |
| Office expenses | $70,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222,272 |
| Travel | $8,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $632 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $580 |
| Insurance | $21,891 |
| All other expenses | $33,213 |
| Total functional expenses | $3,120,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,228 |
| Savings and temporary cash investments | $44,521 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $33,155 |
| Net Land, buildings, and equipment | $2,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $598,304 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,101,706 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $89,955 |
| 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 | $89,955 |
| Net assets without donor restrictions | $786,253 |
| Net assets with donor restrictions | $225,498 |
| 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 | $1,101,706 |