Beverly Children's Learning Center Inc
Nonprofit profile at a glance
- EIN
- 237267243
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2020
- Location
- Beverly, MA, USA
- Phone
- 9789271269
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $3,746,061
- Expenses
- $3,692,306
- Assets
- $5,725,455
- Liabilities
- $2,244,183
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- DREW MCCRACKEN (VICE PRESIDENT)
- KARL WILSON (PRESIDENT)
- JUDITH CODY (EXECUTIVE DIRECTOR)
Highest reported compensation
- JUDITH CODY (EXECUTIVE DIRECTOR): $133,397 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Beverly children's learning center, inc (bclc) celebrates a diverse learning community of children, families, and teachers committed to the intentional, yet child directed, nature-based educational growth of our students. We focus on social-emotional foundations, cognitive development, and inquiry-driven exploration provided in a nurturing, safe, and affordable environment for children from birth through age 13.
What it reported doing in 2024
Infant programthe infant program serves children who are 1 month to 15 months of age. The program provides individual care with activities which are carefully planned to meet the individual needs of each child. The program also counsels teenage parents, providing guidance in household tasks, meal planning, budgeting, child development, child management and community resources. The program provides meals and transportation for children. This year we served 18 children, 56% subsidized and 20% free care. Family day care programthe family day care program serves children aged 2 months through kindergarten. The program provides childcare by qualified caregivers in licensed homes. The program also provides healthy meals and snacks, transportation, parent participation and enrichment and recreational activities. This year we served 51 children, 100% receiving financial assistance, and of those receiving financial assistance 22% were free care.
Operating model
- Revenue model
- Grant-funded. 74% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.1%; rating input score 79
- Program expense ratio: 80.1%; rating input score 80
- Fundraising efficiency: $13.67 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.4%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 1.55; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 6.5% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 10.6% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 79.1% of revenue deployed · 80.1% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $3M in reported program spending
- Leadership: top reported pay $133K · 11 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.