Civic Intelligence

Clasp Childrens Center Inc

EIN 11-2378575 • 501(c)3 • Great Neck, NY

Profile

To provide day-care for children from under-privileged homes

80 Grace AvenueGreat Neck, NY 11021

www.claspinc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.24x

Higher debt load relative to assets than 67% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.26x

Higher debt load relative to revenue than 72% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

20th percentile

-8.4%

Higher net margin than 20% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$87,699

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

64th percentile

10%

Faster asset growth than 64% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-19%

Faster revenue growth than 14% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,299,685

Up $122,778 (+10%) from 2023

Liabilities

Up

$313,065

Up $247,365 (+377%) from 2023

Net Assets

Down

$986,620

Down $124,587 (-11%) from 2023

Revenue

Down

$1,226,012

Down $295,744 (-19%) from 2023

Expenses

Up

$1,328,432

Up $82,499 (+6.6%) from 2023

Net Income

Down

-$102,420

Down $378,243 (-137%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $342,310Liabilities 2011: $13,426Net Assets 2011: $328,8842011Assets 2012: $270,174Liabilities 2012: $31,372Net Assets 2012: $238,8022012Assets 2013: $289,817Liabilities 2013: $33,284Net Assets 2013: $256,5332013Assets 2014: $361,258Liabilities 2014: $8,590Net Assets 2014: $352,6682014Assets 2015: $511,412Liabilities 2015: $30,877Net Assets 2015: $480,5352015Assets 2016: $546,210Liabilities 2016: $25,766Net Assets 2016: $520,4442016Assets 2017: $617,590Liabilities 2017: $40,641Net Assets 2017: $576,9492017Assets 2018: $637,570Liabilities 2018: $51,885Net Assets 2018: $585,6852018Assets 2019: $767,589Liabilities 2019: $62,133Net Assets 2019: $705,4562019Assets 2020: $930,114Liabilities 2020: $209,870Net Assets 2020: $720,2442020Assets 2021: $900,725Liabilities 2021: $193,100Net Assets 2021: $707,6252021Assets 2022: $917,220Liabilities 2022: $81,836Net Assets 2022: $835,3842022Assets 2023: $1,176,907Liabilities 2023: $65,700Net Assets 2023: $1,111,2072023Assets 2024: $1,299,685Liabilities 2024: $313,065Net Assets 2024: $986,6202024

Highlighted filing

2024

Assets$1,299,685
Liabilities$313,065
Net Assets$986,620

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $860,114Expenses 2011: $949,737Net Income 2011: -$89,6232011Expenses 2012: $1,029,3862012Revenue 2013: $1,102,453Expenses 2013: $1,084,722Net Income 2013: $17,7312013Revenue 2014: $1,243,032Expenses 2014: $1,146,897Net Income 2014: $96,1352014Revenue 2015: $1,267,043Expenses 2015: $1,139,176Net Income 2015: $127,8672015Revenue 2016: $1,246,940Expenses 2016: $1,207,031Net Income 2016: $39,9092016Revenue 2017: $1,236,260Expenses 2017: $1,179,755Net Income 2017: $56,5052017Revenue 2018: $1,219,244Expenses 2018: $1,210,508Net Income 2018: $8,7362018Revenue 2019: $1,350,247Expenses 2019: $1,230,476Net Income 2019: $119,7712019Revenue 2020: $1,095,376Expenses 2020: $1,080,588Net Income 2020: $14,7882020Revenue 2021: $883,120Expenses 2021: $895,739Net Income 2021: -$12,6192021Revenue 2022: $1,190,771Expenses 2022: $1,063,012Net Income 2022: $127,7592022Revenue 2023: $1,521,756Expenses 2023: $1,245,933Net Income 2023: $275,8232023Revenue 2024: $1,226,012Expenses 2024: $1,328,432Net Income 2024: -$102,4202024

Highlighted filing

2024

Revenue$1,226,012
Expenses$1,328,432
Net Income-$102,420

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.30$0.31$0.99$1.23$1.33$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.18$0.07$1.11$1.52$1.25$0.28
2022Detailed filing. Detailed filing data is available for this year.$0.92$0.08$0.84$1.19$1.06$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.90$0.19$0.71$0.88$0.90$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.21$0.72$1.10$1.08$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.06$0.71$1.35$1.23$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.05$0.59$1.22$1.21$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.62$0.04$0.58$1.24$1.18$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.03$0.52$1.25$1.21$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.03$0.48$1.27$1.14$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.01$0.35$1.24$1.15$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.03$0.26$1.10$1.08$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.03$0.24$1.03
2011Summary only. Only limited summary data is available for this year.$0.34$0.01$0.33$0.86$0.95$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 5, 2024
Return Version
2023v6.0
Gross Receipts
$1,226,012
Mission and Program Overview

Mission

To provide day-care for children from under-privileged homes

To provide child care services for children of working parents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,111,207$986,620▼ $124,587
Savings and Temporary Cash Investments$1,067,604$985,668▼ $81,936
Cash and Non-Interest-Bearing Accounts$67,239$70,385▲ $3,146
Land, Buildings, and Equipment, Net$33,471$49,902▲ $16,431
Prepaid Expenses and Deferred Charges$8,593--
Total Assets$1,176,907$1,299,685▲ $122,778
Other Assets Total-$193,730-
Liabilities
Other Liabilities-$204,941-
Accounts Payable and Accrued Expenses$65,700$108,124▲ $42,424
Total Liabilities$65,700$313,065▲ $247,365
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,111,207$986,620▼ $124,587
Total Liabilities and Net Assets / Fund Balance$1,176,907$1,299,685▲ $122,778

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$31,631$30,497$62,128
Other Land Buildings$18,271$32,233$50,504
Equipment-$37,307$37,307
Other Assets Org$193,730--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Arpi ArukianCo-executiveFT$87,699$87,699
Erica SommersCo-executiveFT$75,008$75,008
Revenue and Support

Revenue Composition

Contributions and Grants
$125,146
Program Service Revenue
$1,069,954
Investment Income
$30,912
Other Revenue
$0
All Other Contributions
$4,272
Change in Net Assets
$-102,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,226,012
Total Revenue per Audited Statements
$1,226,012
Total Revenue per Form 990
$1,226,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,053,688
Other Expenses$274,744
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$723,216$218,715-$941,931
Payroll Taxes$61,595$18,628-$80,223
Occupancy$55,212$6,135-$61,347
Insurance$45,236$7,982-$53,218
Other Employee Benefits$24,212$7,322-$31,534
All Other Expenses$6,216$14,016-$20,232
Fees for Services Accounting-$16,650-$16,650
Office Expenses-$11,744-$11,744
Other Expenses$6,685$6,767-$6,685
Depreciation Depletion$1,942--$1,942
Total Functional Expenses$1,020,473$307,959$0$1,328,432

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,350,599
Expenses per Audited Statements$1,328,432
Total Expenses per Form 990$1,328,432
Expenses Not Reported on Form 990$22,167
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$204,941
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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, Page 6, Part VI, Line 11B

Financial statements and tax return are reviewed by the board

Form 990, Page 6, Part VI, Line 19

Financial statements and tax returns are available upon request

Filing and Contact Details

Filer

Filer Name
Clasp Childrens Center Inc
EIN
11-2378575
Phone
5164828090
Address
80 GRACE AVENUE, GREAT NECK, NY 11021

Signing Officer

Name
Arpi Arukian
Title
Co-executive Director
Phone
5164828090
Signed
2024-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arpi Arukian
Formed
1969
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
41

Preparer

Firm
Berman Sosman & Rosenzweig Cpas Pllc
Address
30 JERICHO EXECUTIVE PLAZA SUITE 20, JERICHO, NY 11753
Preparer
Richard Sosman
Phone
5168267600
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINANCIAL STATEMENTS AND TAX RETURN ARE REVIEWED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ARPI ARUKIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-EXECUTIVE DIR.
ReturnHeader/BusinessOfficerGrp/PhoneNum05164828090
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLASP CHILDRENS CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0CLAS
ReturnHeader/Filer/EIN0112378575
ReturnHeader/Filer/PhoneNum05164828090
ReturnHeader/Filer/USAddress/AddressLine1Txt080 GRACE AVENUE
ReturnHeader/Filer/USAddress/CityNm0GREAT NECK
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113408121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERMAN SOSMAN & ROSENZWEIG CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030 JERICHO EXECUTIVE PLAZA SUITE 20
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JERICHO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011753
ReturnHeader/PreparerPersonGrp/PhoneNum05168267600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD SOSMAN
ReturnHeader/ReturnTs02025-05-13T16:55:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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