Lowell Day Nursery Association Inc
- Assets
- $970.7k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Lowell, MA
- Founding
- 06/1937
- Data as of
- 06/2022
- EIN
- 04-2104403
Organization Overview
Lowell Day Nursery Association Inc is located in Lowell, MA. The organization was established in 1937. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Lowell Day Nursery Association Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowell Day Nursery Association 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 06/2022, Lowell Day Nursery Association Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 2.6% 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 PROVIDE A HIGH STANDARD OF EDUCATION AND CARE FOR TODDLERS, PRESCHOOL AND KINDERGARTEN CHILDREN BY HAVING A WELL EDUCATED WORKFORCE, A PARTNERSHIP WITH PARENTS, AND MUTUAL RESPECT FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE AND TEACHING OF AN AVERAGE 100 STUDENTS AGE TWO YEARS, NINE MONTHS THROUGH KINDERGARTEN.
PLANT MAINTENANCE.
SCHOOL LUNCH PROGRAM - PROVIDE BREAKFAST, LUNCH, SNACK FOR ALL CHILDREN ATTENDING.
SOCIAL SERVICE - MONITOR GROWTH & SOCIAL DEVELOPMENT OF THOSE CHILDREN EITHER SOCIALLY OR ECONOMICALLY DISADVANTAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lina Gruca Executive Di | Officer | 40 | $67,836 |
Normand Boissonneault President | OfficerTrustee | 5 | $0 |
Sheila Fortin Clerk | OfficerTrustee | 5 | $0 |
Atty Brian Leahy Vice Preside | OfficerTrustee | 5 | $0 |
Angela Veloso Treasurer | OfficerTrustee | 5 | $0 |
Dr Diedre Connolly Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,130,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,051 |
| Noncash contributions included in lines 1a–1f | $8,949 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,230,990 |
| Total Program Service Revenue | $323,523 |
| Investment income | $472 |
| 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 | $1,554,985 |
| 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. | $72,933 |
| Compensation of current officers, directors, key employees. | $39,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $773,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,748 |
| Payroll taxes | $70,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,813 |
| Advertising and promotion | $6,153 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,901 |
| Travel | $303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,974 |
| Interest | $105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,074 |
| Insurance | $12,192 |
| All other expenses | $30,889 |
| Total functional expenses | $1,252,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,227 |
| Savings and temporary cash investments | $220,627 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,927 |
| Prepaid expenses and deferred charges | $10,683 |
| Net Land, buildings, and equipment | $454,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $970,726 |
| Accounts payable and accrued expenses | $60,615 |
| Grants payable | $0 |
| Deferred revenue | $1,611 |
| 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 | $5,712 |
| Total liabilities | $67,938 |
| Net assets without donor restrictions | $902,788 |
| 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 | $970,726 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |