Form 990, Part VI, Section B, Line 11B
“Form 990 is prepared by a certified public accountant and reviewed by the treasurer before providing copy to all board members and signing the return.”
990 • Fiscal year 2023 • EIN 33-1025137
Scores are not available for this record yet.
Assets
Up$1,990,733
Up $57,756 (+3.0%) from 2022
Net Assets
Up$1,947,233
Up $17,256 (+0.9%) from 2022
Liabilities
Up$43,500
Up $40,500 (+1350%) from 2022
Revenue
Down$42,279
Down $199 (-0.5%) from 2022
Expenses
Down$74,803
Down $8,543 (-10%) from 2022
Net Income
Up-$32,524
Up $8,344 (+20%) from 2022
To perform the functions of, carry out the purposes of and undertake any other activity to support the charitable purposes and activities of the children's center of brookline and greater boston, inc. All activities shall be for the exclusive benefit of that organization which is an organization described under sections 501(c)(3) and 509(a)(1) or 509(a)(2) of the internal revenue code.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,843,885 | $1,891,601 | ▲ $47,716 |
| Cash and Non-Interest-Bearing Accounts | $86,206 | $96,253 | ▲ $10,047 |
| Total Assets | $1,932,977 | $1,990,733 | ▲ $57,756 |
| Other Assets Total | $2,886 | $2,879 | ▼ $7 |
| Liabilities | |||
| Grants Payable | - | $37,500 | - |
| Other Liabilities | $3,000 | $6,000 | ▲ $3,000 |
| Total Liabilities | $3,000 | $43,500 | ▲ $40,500 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,929,977 | $1,947,233 | ▲ $17,256 |
| Total Net Assets Fund Balance | $1,929,977 | $1,947,233 | ▲ $17,256 |
| Total Liabilities and Net Assets / Fund Balance | $1,932,977 | $1,990,733 | ▲ $57,756 |
| Name | Title |
|---|---|
| Rosemary Mattuck | President/director |
| Ilan Wapinsky | Director |
| Rohit Gupta | Director |
| Laura Walsh | Secretary/director |
| Yuval Gilbert | Treasurer/director |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $50,000 |
| Other Expenses | $24,803 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $50,000 | - | - | $50,000 |
| Fees for Service Investment Mgmnt Fees | - | $14,464 | - | $14,464 |
| Fees for Services Accounting | - | $5,198 | - | $5,198 |
| Fees for Services Legal | - | $4,246 | - | $4,246 |
| Other Expenses | - | $895 | - | $895 |
| Total Functional Expenses | $50,000 | $24,803 | $0 | $74,803 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| THE CHILDREN'S CENTER OF BROOKLINE AND GREATER BOSTON INC | Brookline, MA | 501(c)(3) | Supporting Organization | $50,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Expenses | $6,000 |
“Form 990 is prepared by a certified public accountant and reviewed by the treasurer before providing copy to all board members and signing the return.”
“Whenever a director or officer has a financial or personal interest in any matter coming before the board of directors, the affected person shall 1) fully disclose the nature of the interest and 2) withdraw from discussion, lobbying and voting on the matter. Any transaction or vote involving a potential conflict of interest shall be approved only when a majority of the disinterested directors determine at a meeting of the board of directors in which a quorum is present that it is in the best interest of the corporation to do so. The minutes of meetings at which such votes are taken shall record such disclosures, abstention and rationale for approval. All transactions are also reviewed for possible confilcts of interest.”
“All documents are available upon request.”
“Uncertainties in tax positions are recognized when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions are measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. Interest and penalties associated with uncertain tax positions are recorded as general and administrative expenses. The organization has concluded there are no significant uncertain tax positions that qualify for recognition or disclosure and there are no material unrecognized tax benefits at august 31, 2023 and 2022. The organization believes its accruals for tax liabilities are adequate for all open tax years (august 31, 2020 through current).”
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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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | THE CHILDREN'S CENTER OF BROOKLINE AND GREATER BOSTON INC |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | UNCERTAINTIES IN TAX POSITIONS ARE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. SUCH TAX POSITIONS ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE TAX AUTHORITY ASSUMING FULL KNOWLEDGE OF THE POSITION AND RELEVANT FACTS. INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS ARE RECORDED AS GENERAL AND ADMINISTRATIVE EXPENSES. THE ORGANIZATION HAS CONCLUDED THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE AND THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS AT AUGUST 31, 2023 AND 2022. THE ORGANIZATION BELIEVES ITS ACCRUALS FOR TAX LIABILITIES ARE ADEQUATE FOR ALL OPEN TAX YEARS (AUGUST 31, 2020 THROUGH CURRENT). |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | PRIOR TO EACH MEETING, THE BOARD REVIEWS A WRITTEN REPORT FROM THE DIRECTOR OF THE CHILDREN'S CENTER OF BROOKLINE AND GREATER BOSTON, INC. THAT DETAILS THE USE OF GRANT FUNDS. IN ADDITION, AT EACH MEETING, THE BOARD REQUIRES THE DIRECTOR OF THE CHILDREN'S CENTER TO ANSWER QUESTIONS ON THE WRITTEN REPORT AND TO PROVIDE A DETAILED VERBAL REPORT OF THE OPERATIONS OF THE CENTER AND OF THE USE OF GRANT FUNDS. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT AND REVIEWED BY THE TREASURER BEFORE PROVIDING COPY TO ALL BOARD MEMBERS AND SIGNING THE RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | WHENEVER A DIRECTOR OR OFFICER HAS A FINANCIAL OR PERSONAL INTEREST IN ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS, THE AFFECTED PERSON SHALL 1) FULLY DISCLOSE THE NATURE OF THE INTEREST AND 2) WITHDRAW FROM DISCUSSION, LOBBYING AND VOTING ON THE MATTER. ANY TRANSACTION OR VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL BE APPROVED ONLY WHEN A MAJORITY OF THE DISINTERESTED DIRECTORS DETERMINE AT A MEETING OF THE BOARD OF DIRECTORS IN WHICH A QUORUM IS PRESENT THAT IT IS IN THE BEST INTEREST OF THE CORPORATION TO DO SO. THE MINUTES OF MEETINGS AT WHICH SUCH VOTES ARE TAKEN SHALL RECORD SUCH DISCLOSURES, ABSTENTION AND RATIONALE FOR APPROVAL. ALL TRANSACTIONS ARE ALSO REVIEWED FOR POSSIBLE CONFILCTS OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
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| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 02021 |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-05-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KENNETH A ROBERTS CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2024-05-08T10:01:47-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
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| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GILBERT |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-08-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-07-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.