For Kids Only Afterschool Incorporated
- Assets
- $16.7m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 272
- Location
- Winthrop, MA
- Founding
- 11/1990
- Data as of
- 08/2023
- EIN
- 04-3037204
Organization Overview
For Kids Only Afterschool Incorporated is located in Winthrop, MA. 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 08/2023, For Kids Only Afterschool Incorporated employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. For Kids Only Afterschool Incorporated 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 08/2023, For Kids Only Afterschool Incorporated generated $9.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $8.7m during the year ending 08/2023. While expenses have increased by 8.6% per year over the past 4 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
FOR KIDS ONLY AFTERSCHOOL BRINGS FAMILIES AND COMMUNITIES TOGETHER TO PROVIDE A SAFE SPACE FOR ALL CHILDREN TO THRIVE DURING THE OUT-OF-SCHOOL TIME HOURS. OUR HOLISTIC LEARNING APPROACH HELPS CHILDREN LOVE, LEARN AND GROW WHILE INSPIRING EVERY CHILD TO LEAVE THEIR UNIQUE MARK ON THIS WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriel Carrieri Treasurer | OfficerTrustee | 2 | $0 |
Daniel Conte Board Member | OfficerTrustee | 1 | $0 |
Nicole Desimone President | OfficerTrustee | 1 | $0 |
Brittany Kee Board Ssecretary | Trustee | 1 | $0 |
Linda Vecchia Board Member | Trustee | 1 | $0 |
Aneika Astacio- Aguilar Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cbc Construction Contractor | 8/30/22 | $289,172 |
Judith Rouse Grant Writer | 8/30/22 | $145,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $323,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,059 |
| Total Program Service Revenue | $9,330,341 |
| 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 | $1,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,801,747 |
| 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. | $424,626 |
| Compensation of current officers, directors, key employees. | $63,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,472,851 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $260,443 |
| Payroll taxes | $467,966 |
| 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 | $263,686 |
| Advertising and promotion | $123,866 |
| Office expenses | $1,375 |
| Information technology | $81,627 |
| Royalties | $0 |
| Occupancy | $148,170 |
| Travel | $281,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $153,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,184 |
| Insurance | $57,853 |
| All other expenses | $638,320 |
| Total functional expenses | $8,704,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,898,797 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $125,000 |
| Accounts receivable, net | $1,672,271 |
| 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 | $59,116 |
| Net Land, buildings, and equipment | $8,700,249 |
| Investments—publicly traded securities | $1,242,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,228 |
| Total assets | $16,726,480 |
| Accounts payable and accrued expenses | $309,509 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,903,708 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,163,324 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,391 |
| Total liabilities | $3,576,932 |
| Net assets without donor restrictions | $13,099,548 |
| Net assets with donor restrictions | $50,000 |
| 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 | $16,726,480 |