Cabot After School Inc
- Assets
- $651.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 35
- Location
- Newton, MA
- Founding
- 08/1988
- Data as of
- 07/2022
- EIN
- 04-2623573
Organization Overview
Cabot After School Inc is located in Newton, MA. The organization was established in 1988. 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 07/2022, Cabot After School Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabot After School 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 07/2022, Cabot After School Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $875.8k during the year ending 07/2022. While expenses have increased by 0.8% 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
PROVIDING AFTER SCHOOL CHILD CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL CHILD CARE - APPROXIMATELY 139 STUDENTS ENROLLED. FINANCIAL AID AWARDED TO LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carly Johanson Executive Director | Officer | 37 | $85,828 |
Zack Hardy Assistant Director | Officer | 37 | $77,244 |
Mandy Carozza Co-President | OfficerTrustee | 2 | $0 |
Elliot Bernstein Treasurer | OfficerTrustee | 2 | $0 |
Claire Abely Clerk | OfficerTrustee | 2 | $0 |
Jen Magee Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,274 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,760 |
| Total Program Service Revenue | $1,027,457 |
| Investment income | $228 |
| 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 | $1,171,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $56,408 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,424 |
| Compensation of current officers, directors, key employees. | $139,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,500 |
| Pension plan accruals and contributions | $4,469 |
| Other employee benefits | $39,389 |
| Payroll taxes | $54,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $578 |
| Fees for services: Accounting | $8,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,103 |
| Advertising and promotion | $114 |
| Office expenses | $12,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,043 |
| 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 | $0 |
| Insurance | $14,126 |
| All other expenses | $2,781 |
| Total functional expenses | $875,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,567 |
| Savings and temporary cash investments | $75,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,177 |
| 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 | $6,899 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $651,001 |
| Accounts payable and accrued expenses | $13,948 |
| 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 | $0 |
| Total liabilities | $13,948 |
| Net assets without donor restrictions | $637,053 |
| 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 | $651,001 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cabot After School Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Crown Heights Educational Centers Inc Brooklyn, NY | $13,044,302 | $39,783,189 |
Northeast Parent And Child Society Inc Albany, NY | $28,822,787 | $39,619,614 |
Day Care Council Of New York Inc New York, NY | $9,552,378 | $29,439,995 |
Local 1199 Employer Child Care Fund New York, NY | $9,599,746 | $26,390,532 |
Guild Of St Agnes Of Worcester Inc Worcester, MA | $20,569,585 | $28,747,687 |
All My Children Day Care And Nursery School Jamaica Estates, NY | $13,560,786 | $26,442,381 |
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Childrens Learning Centers Of Fairfield County Inc Stamford, CT | $16,683,944 | $15,937,676 |
Horizons For Homeless Children Inc Roxbury, MA | $38,808,218 | $18,496,836 |
Campus Child Care Inc Cambridge, MA | $6,709,229 | $14,434,733 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |