Riverfront Childrens Center Inc
- Assets
- $2.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 41
- Location
- Groton, CT
- Founding
- 07/1942
- Data as of
- 06/2023
- EIN
- 06-0732017
Organization Overview
Riverfront Childrens Center Inc is located in Groton, CT. The organization was established in 1942. 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 06/2023, Riverfront Childrens Center Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverfront Childrens Center 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 06/2023, Riverfront Childrens Center Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 6.8% per year over the past 8 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND HUMAN SERVICES.1. 31% OF FAMILIES LIVE AT OR BELOW 125% OF THE FEDERAL POVERTY LEVEL AND 68% ARE ASSET LIMITED, INCOME CONSTRAINED AND EMPLOYED (ALICE) FAMILIES WHO DO NOT EARN A WAGE THAT MEETS THE ALICE STABILITY BUDGET FOR NEW LONDON COUNTY FAMILIES. THESE FAMILIES RECEIVE TUITION ASSISTANCE THROUGH STATE AND FEDERAL GRANTS AND/OR SCHOLARSHIPS FROM DONATIONS AND FUNDRAISING.2. 85% OF THE CHILDREN ENROLLED IN THE PROGRAM MET DEVELOPMENTAL MILESTONES IN ALL OF THE ASSESSMENT AREAS (LANGUAGE, LITERACY, CREATIVE/ AESTHETICS, EARLY MATH AND PHYSICAL MOTOR SKILLS), AS MEASURED BY THE CT DOCUMENTATION AND OBSERVATION OF TEACHING SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Zubek Executive Dir | Officer | 40 | $73,385 |
Susan Radway Executive Dir. | Officer | 40 | $54,542 |
Michele Grohocki Treasurer | OfficerTrustee | 1 | $0 |
David Rose Board Member | Trustee | 1 | $0 |
Joyce Hedrick Board Member | Trustee | 1 | $0 |
Candace Woodhall Graves Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $946,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $716,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,663,297 |
| Total Program Service Revenue | $705,144 |
| Investment income | $24,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$41,231 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,377,269 |
| 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. | $136,429 |
| Compensation of current officers, directors, key employees. | $34,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,240,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,096 |
| Payroll taxes | $110,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,454 |
| Advertising and promotion | $2,282 |
| Office expenses | $13,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,037 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,281 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,870 |
| Insurance | $25,737 |
| All other expenses | -$29,659 |
| Total functional expenses | $1,896,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $973,905 |
| Savings and temporary cash investments | $420,474 |
| Pledges and grants receivable | $217,304 |
| Accounts receivable, net | $0 |
| 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 | $35,139 |
| Net Land, buildings, and equipment | $1,237,607 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $2,884,431 |
| Accounts payable and accrued expenses | $169,326 |
| 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 | $169,326 |
| Net assets without donor restrictions | $2,473,640 |
| Net assets with donor restrictions | $241,465 |
| 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 | $2,884,431 |