Burlington Childrens Space Inc
- Assets
- $670.5k
- Revenue
- $588.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Burlington, VT
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 22-2533646
Organization Overview
Burlington Childrens Space Inc is located in Burlington, VT. The organization was established in 1986. 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 12/2022, Burlington Childrens Space Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burlington Childrens Space 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 12/2022, Burlington Childrens Space Inc generated $588.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $848.0k during the year ending 12/2022. 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
BURLINGTON CHILDRENS SPACE EMBRACES, ENRICHES, EMPOWERS AND EDUCATES YOUNG CHILDREN AND FAMILIES IN ALL SOCIAL AND ECONOMIC LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULL TIME, YEAR-ROUND, PRESCHOOL CHILDCARE FOR CHILDREN AGES 6 WEEKS TO 6 YEARS. SERVED APPROXIMATELY 60 FAMILIES, A MAJORITY ON A SLIDING SCALE BASED ON FAMILY INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Adams-Kollitz Executive Director | Officer | 40 | $87,355 |
Julie Dumas President | OfficerTrustee | 1 | $0 |
Charlotte Blend Secretary | OfficerTrustee | 1 | $0 |
Alan Matson Treasurer | OfficerTrustee | 1 | $0 |
Victor Prussack Director | Trustee | 1 | $0 |
Maggie Riley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,925 |
| Related organizations | $0 |
| Government grants | $138,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,382 |
| Total Program Service Revenue | $423,043 |
| Investment income | -$8,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,507 |
| 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 | $588,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,303 |
| 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 | $524,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,741 |
| Payroll taxes | $47,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,855 |
| Fees for services: Accounting | $10,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,723 |
| Advertising and promotion | $1,579 |
| Office expenses | $17,584 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,205 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,024 |
| All other expenses | $37,744 |
| Total functional expenses | $847,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,785 |
| 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 | $67,280 |
| Net Land, buildings, and equipment | $158,286 |
| Investments—publicly traded securities | $45,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $670,477 |
| Accounts payable and accrued expenses | $45,402 |
| Grants payable | $0 |
| Deferred revenue | $134,858 |
| 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 | $1,707 |
| Total liabilities | $181,967 |
| Net assets without donor restrictions | $488,510 |
| 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 | $670,477 |