First Friends Daycare Inc
- Assets
- $979.8k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 41
- Location
- Worcester, MA
- Founding
- 03/2002
- Data as of
- 08/2022
- EIN
- 04-3459369
Organization Overview
First Friends Daycare Inc is located in Worcester, MA. The organization was established in 2002. 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 08/2022, First Friends Daycare Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Friends Daycare 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 08/2022, First Friends Daycare Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.6m during the year ending 08/2022. While expenses have increased by 7.2% 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 OPERATE A DAYCARE CENTER AND PROVIDE EARLY CARE AND AN EDUCATION CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A DAYCARE CENTER AND PROVIDE EARLY CARE AND AN EDUCATION CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Sullivan Executive Director | Officer | 40 | $79,673 |
Stephen Digiovanni President | OfficerTrustee | 0.5 | $0 |
Robert Antonelli Jr Vice President | OfficerTrustee | 0.5 | $0 |
Richard Wolf Treasurer | OfficerTrustee | 0.5 | $0 |
Elizabeth Mccarthy Clerk | OfficerTrustee | 0.5 | $0 |
Julie Tzipori Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $414,674 |
| 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 | $414,674 |
| Total Program Service Revenue | $1,305,853 |
| Investment income | $5,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,717,111 |
| 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. | $79,673 |
| Compensation of current officers, directors, key employees. | $7,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $937,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,765 |
| Payroll taxes | $89,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,032 |
| Fees for services: Other | $2,641 |
| Advertising and promotion | $0 |
| Office expenses | $10,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,702 |
| Travel | $1,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,503 |
| Insurance | $5,825 |
| All other expenses | $3,766 |
| Total functional expenses | $1,554,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,958 |
| Accounts receivable, net | $33,553 |
| 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 | $198,734 |
| Investments—publicly traded securities | $286,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $979,765 |
| Accounts payable and accrued expenses | $50,712 |
| Grants payable | $0 |
| Deferred revenue | $23,986 |
| 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 | $74,698 |
| Net assets without donor restrictions | $905,067 |
| 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 | $979,765 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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 |
United Bronx Parents Inc Bronx, NY | $29,568,734 | $11,638,478 |
Harbor Day Care Center Inc Mineola, NY | $2,835,486 | $11,026,032 |
1199 Seiu Employer Child Care Corporation New York, NY | $5,376,854 | $12,251,689 |
Child Care Network Of New York Inc New Hyde Park, NY | $1,608,606 | $10,022,479 |
Tremont Monterey Day Care Center Inc Bronx, NY | $2,143,453 | $9,664,253 |
South Shore Stars Inc East Weymouth, MA | $3,629,382 | $9,959,906 |