Kennedy Childrens Center
- Assets
- $16.4m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 258
- Location
- New York, NY
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 13-5671639
Organization Overview
Kennedy Childrens Center is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Kennedy Childrens Center employed 258 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Kennedy Childrens Center 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 06/2022, Kennedy Childrens Center generated $21.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $18.3m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 6 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 PROVIDE EDUCATIONAL AND THERAPEUTIC SERVICES TO CHILDREN WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION PRE-SCHOOL PROVIDING INSTRUCTION AND THERAPIES FOR CHILDREN WITH DEVELOPMENTAL DISABLITIES, AGES 3-5. DURING FISCAL YEAR 2022, THIS PROGRAM'S AVERAGE ENROLLMENT WAS 321 CHILDREN PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Alter Executive Director | Officer | 35 | $255,727 |
Bhupendra Shah Finance Director | Officer | 35 | $167,825 |
Mary Mckillop Curriculum Director | 35 | $164,024 | |
Carolyn Cleveland Director Of Operations | 35 | $135,473 | |
Geraldo Feliciano Education Director | 35 | $110,193 | |
Joe Spanberger Director Of It Services | 35 | $108,238 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parish Property Management Inc General Contractor | 6/29/22 | $406,899 |
Humareso Human Resources | 6/29/22 | $140,711 |
Rcm Technologies Inc Therapy Services | 6/29/22 | $168,431 |
Multilingual Therapy Associates In Therapy Services | 6/29/22 | $162,136 |
Safety Building Security Services L Security Service | 6/29/22 | $104,367 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $75,000 |
| Government grants | $3,005,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $515,816 |
| Noncash contributions included in lines 1a–1f | $20,812 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,596,308 |
| Total Program Service Revenue | $17,731,950 |
| Investment income | $1,149 |
| 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 | $21,347,864 |
| 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. | $511,645 |
| Compensation of current officers, directors, key employees. | $511,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,960,207 |
| Pension plan accruals and contributions | $546,731 |
| Other employee benefits | $1,698,670 |
| Payroll taxes | $785,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,018 |
| Fees for services: Accounting | $85,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,332,542 |
| Advertising and promotion | $94,945 |
| Office expenses | $850,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,144,068 |
| Travel | $2,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $240,237 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $718,234 |
| Insurance | $85,042 |
| All other expenses | $0 |
| Total functional expenses | $18,296,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,017,187 |
| Savings and temporary cash investments | $1,469,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,087,676 |
| 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 | $784,479 |
| Net Land, buildings, and equipment | $7,098,100 |
| Investments—publicly traded securities | $60,459 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $883,327 |
| Total assets | $16,400,886 |
| Accounts payable and accrued expenses | $2,385,707 |
| 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 | $7,230,675 |
| Unsecured mortgages and notes payable | $1,823,221 |
| Other liabilities | $721,050 |
| Total liabilities | $12,160,653 |
| Net assets without donor restrictions | $3,662,855 |
| Net assets with donor restrictions | $577,378 |
| 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 | $16,400,886 |