Civic Intelligence

Bright Beginnings Childrens Center Inc.

990 • Fiscal year 2020 • EIN 04-3094786

Jan 01, 2020 to Dec 31, 2020 • Filed on May 03, 2021

214 North Main StreetNatick, MA 01760

(508) 650-3870

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$116,939

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 35.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

51st percentile

4.7%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

-11%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$73,689

Up $3,314 (+4.7%) from 2019

Net Assets

Up

$73,689

Up $3,314 (+4.7%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$333,789

Down $42,665 (-11%) from 2019

Expenses

Down

$330,475

Down $69,651 (-17%) from 2019

Net Income

Up

$3,314

Up $26,986 (+114%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2010: $35,514Liabilities 2010: $0Net Assets 2010: $35,5142010Assets 2011: $58,168Liabilities 2011: $0Net Assets 2011: $58,1682011Assets 2012: $57,018Liabilities 2012: $0Net Assets 2012: $57,0182012Assets 2013: $55,367Liabilities 2013: $0Net Assets 2013: $55,3672013Assets 2014: $53,185Liabilities 2014: $0Net Assets 2014: $53,1852014Assets 2015: $64,645Liabilities 2015: $0Net Assets 2015: $64,6452015Assets 2016: $72,848Liabilities 2016: $0Net Assets 2016: $72,8482016Assets 2017: $83,567Liabilities 2017: $0Net Assets 2017: $83,5672017Assets 2018: $94,047Liabilities 2018: $0Net Assets 2018: $94,0472018Assets 2019: $70,375Liabilities 2019: $0Net Assets 2019: $70,3752019Assets 2020: $73,689Liabilities 2020: $0Net Assets 2020: $73,6892020Assets 2021: $97,625Liabilities 2021: $0Net Assets 2021: $97,6252021Assets 2022: $119,734Liabilities 2022: $0Net Assets 2022: $119,7342022Assets 2023: $68,216Liabilities 2023: $0Net Assets 2023: $68,2162023Assets 2024: $121,239Liabilities 2024: $0Net Assets 2024: $121,2392024

Highlighted filing

2020

Assets$73,689
Liabilities$0
Net Assets$73,689

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $198,9382010Expenses 2011: $259,2412011Expenses 2012: $304,1772012Revenue 2013: $297,864Expenses 2013: $299,515Net Income 2013: -$1,6512013Revenue 2014: $312,641Expenses 2014: $314,823Net Income 2014: -$2,1822014Revenue 2015: $336,312Expenses 2015: $324,852Net Income 2015: $11,4602015Revenue 2016: $342,025Expenses 2016: $333,823Net Income 2016: $8,2022016Revenue 2017: $355,358Expenses 2017: $344,639Net Income 2017: $10,7192017Revenue 2018: $380,795Expenses 2018: $370,315Net Income 2018: $10,4802018Revenue 2019: $376,454Expenses 2019: $400,126Net Income 2019: -$23,6722019Revenue 2020: $333,789Expenses 2020: $330,475Net Income 2020: $3,3142020Revenue 2021: $381,299Expenses 2021: $357,363Net Income 2021: $23,9362021Revenue 2022: $429,905Expenses 2022: $407,796Net Income 2022: $22,1092022Revenue 2023: $418,585Expenses 2023: $470,103Net Income 2023: -$51,5182023Revenue 2024: $442,551Expenses 2024: $389,528Net Income 2024: $53,0232024

Highlighted filing

2020

Revenue$333,789
Expenses$330,475
Net Income$3,314
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 3, 2021
Return Version
2020v4.0
Gross Receipts
$333,789
Mission and Program Overview

Mission

To provide quality care for children of primarily working parents

To provide quality care for children of primarily working parents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$70,375$73,689▲ $3,314
Savings and Temporary Cash Investments$23,125$28,194▲ $5,069
Cash and Non-Interest-Bearing Accounts$21,390$20,259▼ $1,131
Land, Buildings, and Equipment, Net$20,697$20,073▼ $624
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$70,375$73,689▲ $3,314
Other Assets Total$5,163$5,163→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$70,375$73,689▲ $3,314
Total Liabilities and Net Assets / Fund Balance$70,375$73,689▲ $3,314

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,073$4,264$24,337
Other Land Buildings-$8,200$8,200
Other Assets Org$5,163--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teresa CameronPresidentFT$116,939$116,939

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$57,233
Program Service Revenue
$276,536
Investment Income
$20
Other Revenue
$0
All Other Contributions
$13
Change in Net Assets
$3,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$262,496
Other Expenses$67,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,089--$117,089
Current Officers, Directors, Trustees, and Key Employees$116,939--$116,939
Occupancy$34,860--$34,860
Payroll Taxes$28,468--$28,468
Insurance-$3,837-$3,837
Office Expenses-$2,429-$2,429
Other Expenses$6,324$2,097-$2,097
Fees for Services Accounting$2,045--$2,045
Fees for Services Other$1,545--$1,545
All Other Expenses-$1,488-$1,488
Depreciation Depletion$624--$624
Total Functional Expenses$307,894$22,581$0$330,475
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

There are no committees with authority to act on behalf of the governing body

Form 990, Part VI, Line 11B: Form 990 Review Process

Documents reviewed with directors and officers.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The organization makes documents available upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes documents available upon request.

Filing and Contact Details

Filer

Filer Name
Bright Beginnings Childrens Center
EIN
04-3094786
Phone
5086503870
Address
214 North Main Street, Natick, MA 01760

Signing Officer

Name
Teresa Cameron
Title
President
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teresa Cameron
Formed
1990
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Mark Schwanbeck Tax Preparation
Address
75 W SCHOOL ST UNIT 218, CHARLESTOWN, MA 02129
Preparer
Mark Schwanbeck EA
Phone
7039065056
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IRS990/RevenueAmt0276556
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt070375
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt073689
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023125
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028194
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05698
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt05698
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt057233
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0668
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0185
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0256
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt058342
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0188
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0261670
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0375824
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0380614
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0354764
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0341222
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01714094
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0188
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.51580
IRS990ScheduleA/PublicSupportPY509Pct00.48070
IRS990ScheduleA/PublicSupportTotal509Amt0914383
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt086816
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0161753
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0173274
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0299801
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0136409
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0858053
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt086816
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0161753
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0173274
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0299801
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0130711
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0852355
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0318903
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0376492
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0380614
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0354949
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0341478
IRS990ScheduleA/Total509Grp/TotalAmt01772436
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0318923
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0376561
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0380626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0355003
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0341511
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01772624
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt020073
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04264
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt024337
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05163
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08200
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020073
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05163
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS REVIEWED WITH DIRECTORS AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt070375
IRS990/TotalAssetsEOYAmt073689
IRS990/TotalAssetsGrp/BOYAmt070375
IRS990/TotalAssetsGrp/EOYAmt073689
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt057233
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022581
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0307894
IRS990/TotalFunctionalExpensesGrp/TotalAmt0330475

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.00$1.21$4.43$3.90$0.53
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$4.19$4.70$0.52
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$4.30$4.08$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.00$0.98$3.81$3.57$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$3.34$3.30$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.00$0.70$3.76$4.00$0.24
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$3.81$3.70$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.00$0.84$3.55$3.45$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$3.42$3.34$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$3.36$3.25$0.11
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.53$0.00$0.53$3.13$3.15$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$2.98$3.00$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$3.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$2.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$1.99
Peer Organizations

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