Martin Trust Partnership In Education For Early Learners Inc
- Assets
- $6.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Brookline, MA
- Founding
- Data as of
- 06/2023
- EIN
- 84-1796955
Organization Overview
Martin Trust Partnership In Education For Early Learners Inc is located in Brookline, MA. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Martin Trust Partnership In Education For Early Learners Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Trust Partnership In Education For Early Learners 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 06/2023, Martin Trust Partnership In Education For Early Learners Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $2.7m during the year ending 06/2023. 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
MARTIN TRUST PARTNERSHIP IN EDUCATION FOR EARLY LEARNERS, INC. (THE "SCHOOL") IS A MASSACHUSETTS NONPROFIT CORPORATION FOUNDED TO OPERATE A SCHOOL IN BROOKLINE, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL'S MISSION IS TO CREATE THE MODEL OF ACCESSIBLE, EQUITABLE, SUSTAINABLE, HIGH-QUALITY EARLY EDUCATION FOR ALL YOUNG CHILDREN WITH A GENERATION OF HIGHLY-VALUED AND EXPERIENCED EARLY EDUCATORS. THE CURRENT YEAR EXPENSES OF $1,836,872 WERE USED FOR SCHOOL AND CLASSROOM FURNISHINGS, MATERIALS AND EQUIPMENT.VALUE OF OTHER IN-KIND DONATIONS USED IN PROGRAM SERVICES: IN-KIND RENT $640,000 IN-KIND SERVICES $35,750
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Trust President | OfficerTrustee | 40 | $35,568 |
Alan Litchman CFO | OfficerTrustee | 30 | $25,931 |
Wayne Ysaguirre Director | Trustee | 1 | $0 |
Kenneth Bello Director | Trustee | 1 | $0 |
Michael Bass Director | Trustee | 1 | $0 |
Susan Elsbree Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $650,000 |
| Government grants | $220,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $672,273 |
| Noncash contributions included in lines 1a–1f | $262,604 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,542,298 |
| Total Program Service Revenue | $747,512 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,289,810 |
| 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. | $560,644 |
| Compensation of current officers, directors, key employees. | $168,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,266,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $179,534 |
| Payroll taxes | $0 |
| 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 | $97,039 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $9,046 |
| Royalties | $0 |
| Occupancy | $334,836 |
| 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 | $77,974 |
| Insurance | $31,350 |
| All other expenses | $6,683 |
| Total functional expenses | $2,746,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,683,927 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $58,407 |
| 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 | $153,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,500 |
| Other assets | $35,506 |
| Total assets | $6,148,913 |
| Accounts payable and accrued expenses | $121,185 |
| Grants payable | $0 |
| Deferred revenue | $203,396 |
| 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 | $324,581 |
| Net assets without donor restrictions | $140,405 |
| Net assets with donor restrictions | $5,683,927 |
| 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 | $6,148,913 |