Friends Center For Children Inc
- Assets
- $6.9m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 69
- Location
- New Haven, CT
- Founding
- 07/2004
- Data as of
- 06/2022
- EIN
- 57-1203361
Organization Overview
Friends Center For Children Inc is located in New Haven, CT. The organization was established in 2004. 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 06/2022, Friends Center For Children Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Center For Children 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 06/2022, Friends Center For Children Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 8.8% 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
EDUCATE CHILDREN, EMPOWER FAMILIES, INSPIRE TEACHERS, ENGAGE COMMUNITY, EMBRACE DIVERSITY, EMBODY EQUITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS CENTER FOR CHILDREN, INC. (THE ORGANIZATION"), LOCATED IN NEW HAVEN, CONNECTICUT, IS A NONPROFIT ORGANIZATION THAT PROVIDES YEAR-ROUND, FULL-TIME CARE FOR CHILDREN AGED THREE MONTHS TO FIVE YEARS. THE ORGANIZATION OFFERS A CHILD-CENTERED, HANDS-ON LEARNING EXPERIENCE IN A SAFE AND NURTURING ENVIRONMENT. THE ORGANIZATION IS A NON-SECTARIAN ENTITY WHOSE VALUES-BASED CURRICULUM IS GUIDED AND ENHANCED BY ITS FOUNDATIONS IN THE QUAKER PRINCIPLES OF COMMUNITY, EQUALITY, PEACE, SIMPLICITY, TRUTH, AND STEWARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyx Schiavone Executive Director | OfficerTrustee | 40 | $150,253 |
Joanna Meyer Secretary | OfficerTrustee | 1 | $0 |
Jane Coppock Vice Clerk | OfficerTrustee | 1 | $0 |
Orlando Yarborough III Treasurer | OfficerTrustee | 1 | $0 |
Suzannah Holsenbeck Board Member | Trustee | 1 | $0 |
Greg Melville Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,283,462 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,063,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,347,296 |
| Total Program Service Revenue | $1,511,093 |
| Investment income | $0 |
| 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 | $4,858,389 |
| 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. | $150,253 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,550,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,547 |
| Payroll taxes | $143,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $82,207 |
| Advertising and promotion | $0 |
| Office expenses | $120,841 |
| Information technology | $16,855 |
| Royalties | $0 |
| Occupancy | $290,253 |
| Travel | $13,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,824 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,575 |
| Insurance | $20,837 |
| All other expenses | $8,158 |
| Total functional expenses | $2,790,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,516,371 |
| Pledges and grants receivable | $551,407 |
| Accounts receivable, net | $112,632 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,657,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,663 |
| Total assets | $6,850,414 |
| Accounts payable and accrued expenses | $118,478 |
| Grants payable | $0 |
| Deferred revenue | $218,201 |
| 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 | $924,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,261,613 |
| Net assets without donor restrictions | $5,422,014 |
| Net assets with donor restrictions | $166,787 |
| 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 | $6,850,414 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Friends Center For Children Inc has recieved totaling $326,778.
| Awarding Organization | Amount |
|---|---|
Seedlings Foundation Branford, CT PURPOSE: HUMANITARIAN/EDUCATIONAL/COMMUNITY | $150,000 |
The Eder Family Foundation Inc West Haven, CT PURPOSE: UNRESTRICTED | $50,000 |
New Alliance Foundation Inc New Haven, CT PURPOSE: TO SUPPORT A PARTNERSHIP WITH THE HOUSING AUTHORITY OF THE CITY OF NEW HAVEN, AT THE PLANNED GRAND AVENUE SITE WHICH WILL INCLUDE A WORKFORCE DEVELOPMENT PROGRAM, HELPING PROSPECTIVE NEW EDUCATORS WHO EXPERIENCE BARRIERS TO EDUCATION OBTAIN THEIR CHILD DEVELOPMENT ASSOCIATE CERTIFICATE WITH PAID FIELD EXPERIENCE AT FRIENDS CENTER. | $25,000 |
Obadiah Browns Benevolent Fund Atlanta, GA PURPOSE: Tuition Support | $25,000 |
Daniel & Sharon Milikowsky Family Foundation Inc Hamden, CT PURPOSE: SUPPORT ORGANIZATIONS MISSION | $25,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
New York State Federation Of Growers And Processors Association Schenectady, NY | $7,958,271 | $18,035,490 |
Childrens Learning Centers Of Fairfield County Inc Stamford, CT | $16,683,944 | $15,937,676 |
Horizons For Homeless Children Inc Roxbury, MA | $38,808,218 | $18,496,836 |
Campus Child Care Inc Cambridge, MA | $6,709,229 | $14,434,733 |
Northeast Bronx Day Care Center Inc Bronx, NY | $8,075,172 | $11,718,803 |
United Bronx Parents Inc Bronx, NY | $29,568,734 | $11,638,478 |
Harbor Day Care Center Inc Mineola, NY | $2,835,486 | $11,026,032 |
1199 Seiu Employer Child Care Corporation New York, NY | $5,376,854 | $12,251,689 |
Child Care Network Of New York Inc New Hyde Park, NY | $1,608,606 | $10,022,479 |
Tremont Monterey Day Care Center Inc Bronx, NY | $2,143,453 | $9,664,253 |
South Shore Stars Inc East Weymouth, MA | $3,629,382 | $9,959,906 |