Civic Intelligence

Cape Cod Child Development Inc C/O David B Madoff Chapter 7 Trustee

990 • Fiscal year 2021 • EIN 23-7324732

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 28, 2022

124 Washington Street Suite 202Foxborough, MA 02035

(508) 543-0040

Siviq Scores

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

Liabilities / Assets

97th percentile

1.44x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

2.26x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

95th percentile

79%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2021

Revenue Growth

4th percentile

-64%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2021

Assets

Down

$927,923

Down $1,919,058 (-67%) from 2018

Net Assets

Down

-$412,273

Down $1,127,891 (-158%) from 2018

Liabilities

Down

$1,340,196

Down $791,167 (-37%) from 2018

Revenue

Down

$592,039

Down $11,847,078 (-95%) from 2018

Expenses

Down

$126,908

Down $13,136,662 (-99%) from 2018

Net Income

Up

$465,131

Up $1,289,584 (+156%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $3,125,299Liabilities 2010: $1,474,610Net Assets 2010: $1,650,6892010Assets 2011: $2,893,745Liabilities 2011: $1,296,327Net Assets 2011: $1,597,4182011Assets 2012: $2,531,986Liabilities 2012: $1,172,285Net Assets 2012: $1,359,7012012Assets 2013: $2,229,094Liabilities 2013: $1,208,130Net Assets 2013: $1,020,9642013Assets 2014: $2,430,008Liabilities 2014: $1,160,036Net Assets 2014: $1,269,9722014Assets 2015: $2,424,809Liabilities 2015: $1,204,406Net Assets 2015: $1,220,4032015Assets 2016: $2,292,976Liabilities 2016: $884,880Net Assets 2016: $1,408,0962016Assets 2017: $2,005,821Liabilities 2017: $1,019,863Net Assets 2017: $985,9582017Assets 2018: $2,846,981Liabilities 2018: $2,131,363Net Assets 2018: $715,6182018Assets 2021: $927,923Liabilities 2021: $1,340,196Net Assets 2021: -$412,2732021Assets 2022: $909,650Liabilities 2022: $1,340,196Net Assets 2022: -$430,5462022

Highlighted filing

2021

Assets$927,923
Liabilities$1,340,196
Net Assets-$412,273

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,632,0452010Expenses 2011: $10,453,0752011Expenses 2012: $10,429,0552012Expenses 2013: $11,117,1662013Revenue 2014: $11,102,331Expenses 2014: $10,853,323Net Income 2014: $249,0082014Revenue 2015: $11,702,064Expenses 2015: $11,751,633Net Income 2015: -$49,5692015Revenue 2016: $11,905,092Expenses 2016: $11,717,399Net Income 2016: $187,6932016Revenue 2017: $12,421,963Expenses 2017: $12,844,101Net Income 2017: -$422,1382017Revenue 2018: $12,439,117Expenses 2018: $13,263,570Net Income 2018: -$824,4532018Revenue 2021: $592,039Expenses 2021: $126,908Net Income 2021: $465,1312021Revenue 2022: $176Expenses 2022: $18,449Net Income 2022: -$18,2732022

Highlighted filing

2021

Revenue$592,039
Expenses$126,908
Net Income$465,131
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 28, 2022
Return Version
2020v4.2
Gross Receipts
$727,520
Mission and Program Overview

Mission

To provide world-class child and family focused programs that nurture each child's full potential.

To provide world-class child and family focused programs that nurture each child's full potential

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$266,830$927,923▲ $661,093
Land, Buildings, and Equipment, Net$135,481$0▼ $135,481
Prepaid Expenses and Deferred Charges$60,481$0▼ $60,481
Total Assets$462,792$927,923▲ $465,131
Liabilities
Accounts Payable and Accrued Expenses$949,826$949,826→ $0
Unsecured Notes Loans Payable$262,681$262,681→ $0
Mortgage Notes Payable Secured by Investment Property$127,689$127,689→ $0
Total Liabilities$1,340,196$1,340,196→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$112,126$0▼ $112,126
Net Assets Without Donor Restrictions$-989,530$-412,273▲ $577,257
Total Net Assets Fund Balance$-877,404$-412,273▲ $465,131
Total Liabilities and Net Assets / Fund Balance$462,792$927,923▲ $465,131
Compensation and Service Providers

Board Members and Trustees

NameTitle
David B MadoffAppointed Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$20
Program Service Revenue
$0
Investment Income
$589,519
Other Revenue
$2,500
All Other Contributions
$20
Change in Net Assets
$465,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$26,333-$26,333
Insurance-$7,082-$7,082
Other Expenses-$1,592-$1,592
Total Functional Expenses$0$126,908$0$126,908
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Cape cod child development, inc. (the "debtor") filed a chapter 7 petition on october 28, 2019 and david b. Madoff of madoff & khoury llp was duly appointed as trustee of the debtor's bankruptcy estate. As all employees of the debtor completed their employment as of october 2019, the appointed trustee has been performing necessary management duties.

Form 990, Part VI, Section A, Line 8B

As cape cod child development, inc. (the "debtor") filed a chapter 7 petition on october 28, 2019 and david b. Madoff of madoff & khoury llp was duly appointed as trustee of the debtor's bankruptcy estate. During the tax year, there were no committees and thus no committee meetings conducted.

Form 990, Part VI, Section B, Line 11B

David b. Madoff, the chapter 7 trustee, reviewed the form 990 prior to it being filed.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Cape Cod Child Development Inc
EIN
23-7324732
Phone
5085430040
Address
124 WASHINGTON STREET SUITE 202, FOXBOROUGH, MA 02035

Signing Officer

Name
David B Madoff
Title
Chapter 7 Trustee
Phone
5087756240
Signed
2022-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristina Dower
Formed
1971
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Non Profit Capital Management LLC
Address
153 CLINTON RD, STERLING, MA 01564-2357
Phone
7819336726
Supplemental Narrative

Additional Explanations

FORM 990, DISCLOSURE:

On october 28, 2019 (the "petition date"), cape cod child development, inc. Filed a petition for reflief under chapter 7 of the united states bankruptcy code, and david b. Madoff of madoff & khoury llp was appointed as the chapter 7 trustee. Despite our best efforts, we were unable to prepare, with accuracy, financial statements for the period july 1, 2019 through the petition date and subsequently through the fiscal year ending june 30, 2021. This form 990 represents our best efforts to accurately report the fiscal year ending june 30, 2020 and fiscal year ending june 30, 2021 income and expenses for the periods and corresponding balance sheet detail, based on the information available.

Form 990, Part III, Line 3

On october 28, 2019, cape cod child development, inc. Filed a petition for relief under chapter 7 of the united states bankruptcy code, and david b. Madoff of madoff & khoury llp was appointed as the chapter 7 trustee. As of the end of october 2019, all remaining employees of cape cod child development, inc. Completed their employment and subsequently the programs ceased as bankruptcy proceedings commenced.

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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/ExplanationTxt0ON OCTOBER 28, 2019 (THE "PETITION DATE"), CAPE COD CHILD DEVELOPMENT, INC. FILED A PETITION FOR REFLIEF UNDER CHAPTER 7 OF THE UNITED STATES BANKRUPTCY CODE, AND DAVID B. MADOFF OF MADOFF & KHOURY LLP WAS APPOINTED AS THE CHAPTER 7 TRUSTEE. DESPITE OUR BEST EFFORTS, WE WERE UNABLE TO PREPARE, WITH ACCURACY, FINANCIAL STATEMENTS FOR THE PERIOD JULY 1, 2019 THROUGH THE PETITION DATE AND SUBSEQUENTLY THROUGH THE FISCAL YEAR ENDING JUNE 30, 2021. THIS FORM 990 REPRESENTS OUR BEST EFFORTS TO ACCURATELY REPORT THE FISCAL YEAR ENDING JUNE 30, 2020 AND FISCAL YEAR ENDING JUNE 30, 2021 INCOME AND EXPENSES FOR THE PERIODS AND CORRESPONDING BALANCE SHEET DETAIL, BASED ON THE INFORMATION AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON OCTOBER 28, 2019, CAPE COD CHILD DEVELOPMENT, INC. FILED A PETITION FOR RELIEF UNDER CHAPTER 7 OF THE UNITED STATES BANKRUPTCY CODE, AND DAVID B. MADOFF OF MADOFF & KHOURY LLP WAS APPOINTED AS THE CHAPTER 7 TRUSTEE. AS OF THE END OF OCTOBER 2019, ALL REMAINING EMPLOYEES OF CAPE COD CHILD DEVELOPMENT, INC. COMPLETED THEIR EMPLOYMENT AND SUBSEQUENTLY THE PROGRAMS CEASED AS BANKRUPTCY PROCEEDINGS COMMENCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CAPE COD CHILD DEVELOPMENT, INC. (THE "DEBTOR") FILED A CHAPTER 7 PETITION ON OCTOBER 28, 2019 AND DAVID B. MADOFF OF MADOFF & KHOURY LLP WAS DULY APPOINTED AS TRUSTEE OF THE DEBTOR'S BANKRUPTCY ESTATE. AS ALL EMPLOYEES OF THE DEBTOR COMPLETED THEIR EMPLOYMENT AS OF OCTOBER 2019, THE APPOINTED TRUSTEE HAS BEEN PERFORMING NECESSARY MANAGEMENT DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS CAPE COD CHILD DEVELOPMENT, INC. (THE "DEBTOR") FILED A CHAPTER 7 PETITION ON OCTOBER 28, 2019 AND DAVID B. MADOFF OF MADOFF & KHOURY LLP WAS DULY APPOINTED AS TRUSTEE OF THE DEBTOR'S BANKRUPTCY ESTATE. DURING THE TAX YEAR, THERE WERE NO COMMITTEES AND THUS NO COMMITTEE MEETINGS CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DAVID B. MADOFF, THE CHAPTER 7 TRUSTEE, REVIEWED THE FORM 990 PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, DISCLOSURE:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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ReasonableCauseExplanation/ExplanationTxt0CAPE COD CHILD DEVELOPMENT, INC. (THE "DEBTOR") FILED A CHAPTER 7 PETITION ON OCTOBER 28, 2019 AND DAVID B. MADOFF OF MADOFF & KHOURY LLP WAS DULY APPOINTED AS TRUSTEE OF THE DEBTOR'S BANKRUPTCY ESTATE. AS ALL EMPLOYEES OF THE DEBTOR COMPLETED THEIR EMPLOYMENT AS OF OCTOBER 2019, THE APPOINTED TRUSTEE HAS BEEN WORKING WITH THE BANKRUPTCY ESTATE TO COMPLETE AND FILE THE NECESSARY FILINGS REQUIRED.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID B MADOFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAPTER 7 TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05087756240
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAPE COD CHILD DEVELOPMENT INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O DAVID B MADOFF CHAPTER 7 TRUSTEE
ReturnHeader/Filer/BusinessNameControlTxt0CAPE
ReturnHeader/Filer/EIN0237324732
ReturnHeader/Filer/PhoneNum05085430040
ReturnHeader/Filer/USAddress/AddressLine1Txt0124 WASHINGTON STREET SUITE 202
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002035
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383697447
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NON PROFIT CAPITAL MANAGEMENT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0153 CLINTON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STERLING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0015642357
ReturnHeader/PreparerPersonGrp/PhoneNum07819336726
ReturnHeader/ReturnTs02022-09-28T11:40:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MADOFF
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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