Glp Corp
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, MA
- Founding
- 04/1981
- Data as of
- 08/2021
- EIN
- 94-2745572
Organization Overview
Glp Corp is located in Newton, MA. The organization was established in 1981. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glp Corp 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 08/2021, Glp Corp generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $1.7m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (32.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THE HIGHEST QUALITY EARLY CHILDHOOD EDUCATION AND FULL SERVICE CHILD CARE FOR CHILDREN AGES 3 MONTHS THROUGH KINDERGARTEEN SCHOOL YEARS WITH EXCELLENT CURRICULUM, PROFESSIONAL EDUCATORS, CONVENIENT LOCATIONS, AND TUITION ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLP OPERATES MARIN DAY SCHOOLS(MDS). MDS ARE FULL DAY PRESCHOOL, INFANT AND TODDLER CARE PROGRAMS SERVING CHILDREN AT 2 LOCATIONS IN THE SAN FRANCISCO BAY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Wynn CEO | OfficerTrustee | 0 | $0 |
Melinda Kanter-Levy Secretary/treasurer | OfficerTrustee | 0 | $0 |
Marlene Moresi President | OfficerTrustee | 0 | $0 |
Sylvia Mestayer-Collins Director | Trustee | 0 | $0 |
Dayna West Director | Trustee | 0 | $0 |
Jill Cohn Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,708,634 |
| 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 | $1,708,634 |
| 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 | $514,920 |
| Pension plan accruals and contributions | $238,502 |
| Other employee benefits | $0 |
| Payroll taxes | $69,269 |
| Fees for services: Management | $89,136 |
| 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 | $0 |
| Advertising and promotion | $1,048 |
| Office expenses | $5,907 |
| Information technology | $8,128 |
| Royalties | $0 |
| Occupancy | $113,707 |
| Travel | $6,348 |
| 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 | $254,640 |
| Insurance | $55,860 |
| All other expenses | $0 |
| Total functional expenses | $1,665,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,352,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,581,220 |
| Accounts payable and accrued expenses | $1,043,829 |
| 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 | $1,043,829 |
| Net assets without donor restrictions | $537,391 |
| 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 | $1,581,220 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Glp Corp has recieved totaling $10,754.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,377 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |