Meeting Street
- Assets
- $65.6m
- Revenue
- $21.0m
- Investments
- $8.6m
- Employees
- 237
- Location
- Providence, RI
- Founding
- 07/1949
- Data as of
- 08/2022
- EIN
- 05-0269232
Organization Overview
Meeting Street is located in Providence, RI. The organization was established in 1949. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 08/2022, Meeting Street employed 237 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meeting Street 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, Meeting Street generated $21.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $18.7m during the year ending 08/2022. While expenses have increased by 2.1% 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
PROVIDES COMPREHENSIVE EDUCATIONAL AND THERAPEUTIC SERVICES TO CHILDREN WITH AND WITHOUT SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR MEETING STREET SERVES APPROXIMATELY 5,000 CHILDREN OF ALL ABILITIES IN A VARIETY OF INCLUSIVE SETTINGS. OUR EARLY CHILDHOOD SERVICES TEAM WORKS WITH CHILDREN FROM PRENATAL TO KINDERGARTEN ACROSS A VARIETY OF PROGRAMS, INCLUDING EARLY HEAD START (PROGRAM SUPPORTS PARENTS' EFFORTS TO FULFILL THEIR PARENTAL ROLES AND MOVE FAMILIES TOWARD SELF-SUFFICIENCY; SERVES CHILDREN BIRTH TO AGE THREE AND THEIR FAMILIES IN PROVIDENCE); EARLY INTERVENTION (SERVICES FOR CHILDREN BIRTH TO AGE THREE WITH DEVELOPMENTAL DELAYS, DISABILITIES, OR WHO ARE AT RISK); EARLY LEARNING CENTER (NATIONALLY ACCREDITED CENTER FOR CHILDREN OF ALL ABILITIES AGE SIX WEEKS THROUGH PRE-KINDERGARTEN); HEALTHY FAMILIES AMERICA (NATIONAL EVIDENCE-BASED MATERNAL AND CHILD HOME VISITING PROGRAM THAT PAIRS EXPECTANT MOTHERS OR FAMILIES WITH NEWBORNS WITH A FAMILY SUPPORT WORKERS); STATE PRE-K (STATE FUNDED PROGRAM PROVIDING FREE, HIGH QUALITY PRE-KINDERGARTEN CLASSES; AND WIC (PROGRAM OFFERS NUTRITION ADVICE AND PROVIDES CHECKS FOR HEALTHY FOOD TO QUALIFYING FAMILIES). OUR SCHOOL AGE SERVICES TEAM SERVES CHILDREN AND ADOLESCENTS FROM KINDERGARTEN TO AGE TWENTY TWO ACROSS TWO PROGRAMS. THE GRACE SCHOOL (K-8) IS OUR INCLUSIVE SCHOOL PROVIDING RIGOROUS ACADEMICS AND INDIVIDUALIZED INSTRUCTION FOR STUDENTS WITH AND WITHOUT DISABILITIES. THE CARTER SCHOOL (HIGH SCHOOL) SUPPORTS EDUCATION, VOCATIONAL OPPORTUNITIES, AND RECREATIONAL AND SOCIAL ACTIVITIES FOR STUDENTS WITH DISABILITIES TAILORED TO EACH STUDENT'S SPECIFIC INTERESTS AND ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Kelly President | Officer | 25 | $1,725,927 |
Denise Parent Chief Business Officer | Officer | 25 | $353,206 |
Susan Keller Chief Operating Officer | Officer | 25 | $151,930 |
Margaret Knowlton Director Of School Age | 30 | $132,304 | |
Nazik Fernandes Director Of Finance | 25 | $132,025 | |
Casey Ferrara Director Of Early Childhood | 30 | $130,575 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Secured Network Services Inc It | 8/30/22 | $541,763 |
Restivo Monacelli Llp Audit | 8/30/22 | $109,078 |
Martins Maintenance Inc Maintenance | 8/30/22 | $222,255 |
New England Construction Construction | 8/30/22 | $476,095 |
Aramark Food | 8/30/22 | $161,274 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $326,149 |
| Related organizations | $0 |
| Government grants | $6,089,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,269,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,685,012 |
| Total Program Service Revenue | $10,562,992 |
| Investment income | $551,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $887,075 |
| Net Gain/Loss on Asset Sales | $332,551 |
| Net Income from Fundraising Events | -$12,943 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,019,284 |
| 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. | $3,364,962 |
| Compensation of current officers, directors, key employees. | $630,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,825,452 |
| Pension plan accruals and contributions | $698,384 |
| Other employee benefits | $1,196,528 |
| Payroll taxes | $682,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,031 |
| Fees for services: Accounting | $91,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,055 |
| Fees for services: Other | $1,220,794 |
| Advertising and promotion | $45,253 |
| Office expenses | $410,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,037,357 |
| Travel | $34,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,962 |
| Interest | $727,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,201 |
| Insurance | $96,345 |
| All other expenses | $0 |
| Total functional expenses | $18,650,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,811,095 |
| Savings and temporary cash investments | $316,131 |
| Pledges and grants receivable | $218,756 |
| Accounts receivable, net | $1,846,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,022,427 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $159,455 |
| Net Land, buildings, and equipment | $8,155,425 |
| Investments—publicly traded securities | $20,903,054 |
| Investments—other securities | $8,639,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,573,748 |
| Total assets | $65,646,522 |
| Accounts payable and accrued expenses | $1,924,997 |
| Grants payable | $0 |
| Deferred revenue | $1,066,439 |
| Tax-exempt bond liabilities | $22,884,990 |
| 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 | $1,833,073 |
| Total liabilities | $27,709,499 |
| Net assets without donor restrictions | $31,273,100 |
| Net assets with donor restrictions | $6,663,923 |
| 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 | $65,646,522 |
Grants Recieved
Over the last fiscal year, we have identified 36 grants that Meeting Street has recieved totaling $905,955.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: PROGRAM SUPPORT; UNRESTRICTED; INCLUSIVE EDUCATION AND INDIVIDUALIZED THERAPIES FOR STUDENTS WITH LOW-VISION OR BLINDNESS; IT INFRASTRUCTURE UPGRADES TO SUPPORT COVID-19 OPERATIONAL MODELS; THE GRACE SCHOOL; GENERAL SUPPORT; GENERAL OPERATING | $209,728 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $189,831 |
The Highlander Charter School Providence, RI PURPOSE: GENERAL SUPPORT | $63,233 |
Wiacheslav A Obnovlenski Thompson Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $47,193 |
Mondor Charitable Foundation Palm Beach, FL PURPOSE: CHILDREN RECEIVE EDUCATION TO BRING OUT THE BEST IN THEM | $40,000 |
Cvs Health Charity Classic Inc Woonsocket, RI PURPOSE: GENERAL | $35,000 |
Endowment Analysis
| Beg. Balance | $21,610,440 |
| Earnings | -$3,131,681 |
| Admin Expense | $46,055 |
| Net Contributions | $116,236 |
| Ending Balance | $18,548,940 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifestream Inc New Bedford, MA | $21,369,630 | $38,919,251 |
Meeting Street Providence, RI | $65,646,522 | $21,019,284 |
Life-Skills Inc Webster, MA | $10,327,537 | $17,176,140 |
Willowood Of Great Barrington Inc Pittsfield, MA | $12,432,272 | $15,184,704 |
Easter Seal Rehabilitation Center Waterbury, CT | $54,915,789 | $17,126,840 |
Easter Seals Massachusetts Inc Worcester, MA | $23,700,531 | $20,941,318 |
Ct Community Nonprofit Alliance Inc Rocky Hill, CT | $3,059,979 | $6,834,813 |
Attleboro Enterprises Incorporated North Attleboro, MA | $10,318,557 | $6,709,732 |
Federation For Children With Special Needs Inc Boston, MA | $1,679,649 | $4,278,473 |
Voice Health Institute Boston, MA | $11,192,928 | $565,504 |
Nvna Works Inc Norwell, MA | $1,269,388 | $1,714,089 |
Journey Forward Inc Canton, MA | $1,492,276 | $1,202,402 |