Parsons Child & Family Center
- Assets
- $48.2m
- Revenue
- $58.4m
- Investments
- $556.9k
- Employees
- 902
- Location
- Albany, NY
- Founding
- 01/1946
- Data as of
- 06/2023
- EIN
- 14-1347440
Organization Overview
Parsons Child & Family Center is located in Albany, NY. The organization was established in 1946. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Parsons Child & Family Center employed 902 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parsons Child & Family 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 06/2023, Parsons Child & Family Center generated $58.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $58.7m during the year ending 06/2023. While expenses have increased by 3.9% 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
SERVE THE SPECIAL NEEDS OF CHILDREN IN THE CAPITAL REGION OF NEW YORK STATE, PROMOTE HEALTHY FAMILIES BY PROVIDING NECESSARY SUPPORT THROUGH A WIDE RANGE OF EDUCATIONAL, RESIDENTIAL, AND CLINICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL CARE - INTENSIVE TREATMENTS TO YOUTH AGES 12 TO 16, DESIGNED AS AN INTERMEDIARY LEVEL OF CARE. APPROXIMATELY 18,958 CARE DAYS PROVIDED TO 51 YEAR-TO-DATE AVERAGE CLIENTS SERVED.
BEHAVIORAL HEALTH, EARLY CHILDHOOD SERVICES, FAMILY FOSTER CARE, TRAINING AND RESEARCH, PREVENTION SERVICES AND CRISIS SERVICES
EDUCATION - PROVIDES SPECIAL EDUCATION FOR STUDENTS WITH EMOTIONAL AND LEARNING DISABILITIES. APPROXIMATELY 26,670 CARE DAYS PROVIDED TO 127 CLIENTS SERVED AT THE NEIL HELLMAN SCHOOL.
CRISIS SERVICES - CRISIS SERVICES INCLUDE MOBILE CRISIS, ACT (ADULT AND YOUTH), SHORT-TERM COMMUNITY RESIDENCE CRISIS STABILIZATION PROGRAMS FOR YOUTH, AND HOME-BASED CRISIS INTERVENTION (HBCI). THESE ARE A CONTINUUM OF MENTAL HEALTH SERVICES COMMUNITY AND RESIDENTIAL SERVICES FOR INDIVIDUALS AND/OR FAMILIES TO ADDRESS SHORT TERM AND SERIOUS, LONG-TERM CRISIS SERVICES AND DAILY COPING MECHANISMS. APPROXIMATELY 15,475 CARE DAYS PROVIDED TO 42 YEAR-TO-DATE AVERAGE CLIENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Cost Board Member | Trustee | 2 | $0 |
Jermaine Cruz Board Member | Trustee | 2 | $0 |
Brian R Cumming Board Member | Trustee | 2 | $0 |
Randall Devaney Board Member | Trustee | 2 | $0 |
Susan Fogarty Board Member | Trustee | 2 | $0 |
John Malone Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excel Systems Inc Janitorial Services | 6/29/23 | $457,677 |
Ginsberg's Institutional Foods Inc Food/supplies | 6/29/23 | $402,057 |
Strategic Solutions Management Consultan Billing Services | 6/29/23 | $262,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,024,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,761,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,786,672 |
| Total Program Service Revenue | $52,483,999 |
| Investment income | $298,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $189,503 |
| Net Gain/Loss on Asset Sales | $275,499 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,354,086 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,689,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,468,530 |
| Payroll taxes | $2,972,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,130 |
| 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 | $0 |
| Advertising and promotion | $130,608 |
| Office expenses | $49,706 |
| Information technology | $280,734 |
| Royalties | $0 |
| Occupancy | $741,900 |
| Travel | $640,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $264,049 |
| Interest | $423,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,452,329 |
| Insurance | $772,743 |
| All other expenses | $2,443,498 |
| Total functional expenses | $58,704,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,899,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,483,721 |
| 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 | $38,784 |
| Net Land, buildings, and equipment | $16,534,955 |
| Investments—publicly traded securities | $11,565,316 |
| Investments—other securities | $556,921 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,107,810 |
| Total assets | $48,186,917 |
| Accounts payable and accrued expenses | $5,741,185 |
| Grants payable | $0 |
| Deferred revenue | $4,005,267 |
| 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 | $14,756,871 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,065,004 |
| Total liabilities | $26,568,327 |
| Net assets without donor restrictions | $16,539,016 |
| Net assets with donor restrictions | $5,079,574 |
| 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 | $48,186,917 |