Childrens Institute Parent Company
- Assets
- $10.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- Data as of
- 06/2022
- EIN
- 87-2677614
Organization Overview
Childrens Institute Parent Company is located in Pittsburgh, PA. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Institute Parent Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE, PROMOTE, AND SUPPORT THE EXEMPT PURPOSES OF THE CHILDREN'S INSTITUTE OF PITTSBURGH, THE DAY SCHOOL, THE EARLY LEARNING INSTITUTE, AND THE CHILDREN'S INSTITUTE FOUNDATION, EACH OF WHICH IS A SUPPORTED ORGANIZATION OF THE CHILDREN'S INSTITUTE PARENT COMPANY (THE "PARENT COMPANY").
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON NOVEMBER 18, 2021, THE BOARD OF DIRECTORS OF THE CHILDREN'S INSTITUTE OF PITTSBURGH APPROVED THE RESTRUCTURING OF THE CORPORATE STRUCTURE OF THE AFFILIATED GROUP. DURING FISCAL YEAR ENDING JUNE 30, 2022, ALL EMPLOYEES OF THE AFFILIATED GROUP WERE TRANSFERRED TO THE PARENT COMPANY IN ORDER TO CONSOLIDATE MANAGERIAL ACTIVITIES TO SUPPORT MORE EFFICIENTLY AND EFFECTIVELY THE OPERATIONAL ACTIVITIES OF THE SUPPORTED ORGANIZATIONS. THESE EFFICIENCIES ARE PROJECTED TO REDUCE ADMINISTRATIVE OVERHEAD, REDUNDANCY IN TASKS, FACILITATE VOLUME PURCHASING AND NEGOTIATE VOLUME PRICING, ENSURE CONSISTENCY IN THE APPLICATION OF POLICIES AND PROCEDURES AND TO HAVE AN ORGANIZATIONAL MODEL THAT WILL FACILITATE AND SUSTAIN EXPANSION OF SERVICES IN THE FUTURE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy A Pardee PHD President & CEO | OfficerTrustee | 2 | $0 |
Jay Katarincic Chairman | OfficerTrustee | 0.25 | $0 |
Susan L Boyle Vice Chairman | OfficerTrustee | 0.25 | $0 |
F Daniel Caste Vice Chairman | OfficerTrustee | 0.25 | $0 |
Brian M Mcinerney Vice Chairman | OfficerTrustee | 0.25 | $0 |
Lisa C Fagan Vice Chairman | OfficerTrustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,334,441 |
| 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 | $4,334,441 |
| 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. | $380,831 |
| Compensation of current officers, directors, key employees. | $73,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,893,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $276,490 |
| Payroll taxes | $173,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,380 |
| Fees for services: Accounting | $81,567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,006 |
| Fees for services: Other | $464,156 |
| Advertising and promotion | $172,407 |
| Office expenses | $156,971 |
| Information technology | $247,963 |
| Royalties | $0 |
| Occupancy | $31,600 |
| Travel | $360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,583 |
| Interest | $636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,386 |
| Insurance | $177,975 |
| All other expenses | $21,108 |
| Total functional expenses | $4,358,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,602,858 |
| 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 | $653,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,258,423 |
| Accounts payable and accrued expenses | $839,658 |
| 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 | $5,944,388 |
| Total liabilities | $6,784,046 |
| Net assets without donor restrictions | $3,474,377 |
| 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 | $10,258,423 |