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Nonprofiteer
← NEIGHBORHOOD VILLAGES INC

Form 990 for tax year 2023

Filed by NEIGHBORHOOD VILLAGES INC.

Totals

Total revenue
$7,643,184
Total expenses
$6,727,470
Contributions and grants received
$7,038,758
Grants paid
$1,061,810
Program service revenue
$557,459
Investment income
$51,746
Other revenue
-$4,779
Total assets, end of year
$7,289,100
Total liabilities, end of year
$470,535
Net assets or fund balances, end of year
$6,818,565
Program services expenses (Part IX)
$5,288,932
Management and general expenses
$1,128,007
Fundraising expenses
$310,531
Program service expenses (Part III)
$5,288,932

Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $87,576

  • 1e · Government grants (contributions)

    $2,716,312

  • 1f · All other contributions, gifts and grants

    $4,234,870

  • 1g · Noncash contributions included above

    $81,576

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $557,459 · related or exempt $557,459

  • 3 · Investment income

    total $51,746 · excluded $51,746

  • 8a · Fundraising events: gross income

    $6,092

  • 8a · Fundraising events: contributions included on line 1c

    $87,576

  • 8b · Fundraising events: direct expenses

    $17,435

  • 8c · Net income from fundraising events

    total -$11,343 · excluded -$11,343

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $6,564 · related or exempt $6,564

  • 11e · Other revenue, total

    $6,564

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,061,810 · program services $1,061,810

  • 5 · Compensation of officers, directors and key employees

    total $362,275 · program services $152,630 · management and general $114,026 · fundraising $95,619

  • 7 · Other salaries and wages

    total $2,059,046 · program services $1,613,254 · management and general $279,268 · fundraising $166,524

  • 8 · Pension plan contributions

    total $59,711 · program services $47,548 · management and general $7,405 · fundraising $4,758

  • 9 · Other employee benefits

    total $145,381 · program services $112,792 · management and general $19,073 · fundraising $13,516

  • 10 · Payroll taxes

    total $213,318 · program services $158,706 · management and general $30,207 · fundraising $24,405

  • 11b · Fees: legal

    total $60,148 · management and general $60,148

  • 11c · Fees: accounting

    total $310,231 · program services $12,725 · management and general $297,506

  • 11f · Fees: investment management

    total $1,228 · management and general $1,228

  • 11g · Fees: other

    total $988,472 · program services $838,530 · management and general $149,942

  • 12 · Advertising and promotion

    total $145,382 · program services $144,971 · fundraising $411

  • 13 · Office expenses

    total $11,480 · management and general $11,480

  • 14 · Information technology

    total $65,779 · program services $3,208 · management and general $57,403 · fundraising $5,168

  • 17 · Travel

    total $1,983 · management and general $1,983

  • 22 · Depreciation, depletion and amortization

    total $197,672 · program services $181,095 · management and general $16,577

  • 23 · Insurance

    total $39,789 · management and general $39,789

  • 24a · Other expenses: PROGRAM SUPPORT

    total $902,502 · program services $902,502

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $43,214 · program services $8,293 · management and general $34,921

  • 24c · Other expenses: MISCELLANEOUS

    total $42,665 · program services $41,826 · management and general $709 · fundraising $130

  • 24d · Other expenses: PAYROLL FEES

    total $13,250 · program services $9,042 · management and general $4,208

  • 24e · All other expenses

    total $2,134 · management and general $2,134

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,019,740 · end of year $2,501,507

  • 2 · Savings and temporary cash investments

    end of year $251,058

  • 3 · Pledges and grants receivable

    beginning of year $1,935,036 · end of year $2,027,072

  • 4 · Accounts receivable

    beginning of year $73,848 · end of year $80,765

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,317 · end of year $7,522

  • 10a · Land, buildings and equipment: cost or other basis

    $54,777

  • 10b · Land, buildings and equipment: accumulated depreciation

    $32,850

  • 10c · Land, buildings and equipment, net

    beginning of year $24,298 · end of year $21,927

  • 11 · Investments: publicly traded securities

    beginning of year $14 · end of year $2,263,394

  • 14 · Intangible assets

    beginning of year $315,757 · end of year $135,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $256,034 · end of year $302,179

  • 18 · Grants payable

    beginning of year $251,365 · end of year $168,356

  • 27 · Net assets without donor restrictions

    beginning of year $4,327,160 · end of year $5,703,565

  • 28 · Net assets with donor restrictions

    beginning of year $1,561,451 · end of year $1,115,000

Mission and programs · 2023

Mission

NEIGHBORHOOD VILLAGES DESIGNS AND SCALES INNOVATIVE AND COLLABORATIVE SOLUTIONS TO THE BIGGEST CHALLENGES FACING EARLY EDUCATION AND CHILD CARE PROVIDERS SERVING FAMILIES WITH YOUNG CHILDREN AGES 0-5 AND ADVANCES SUSTAINABLE, EQUITY-DRIVEN SYSTEMS CHANGE THROUGH ADVOCACY, EDUCATION, AND POLICY REFORM.

  • NEIGHBORHOOD VILLAGES' LARGEST PROGRAM IS ITS WORKFORCE PROGRAM, WHICH ENCOMPASSES BOTH ITS REGISTERED APPRENTICESHIPS AND ITS DEGREE AND SCHOLARSHIP SUPPORT PROGRAMS. IN FY24, WE GRADUATED OUR FIRST CLASS OF 68 APPRENTICES, 34 IN THE CDA TRACK AND 34 IN THE DIRECTOR TRACK. OUR DIRECTOR COHORT WAS THE FIRST TO GRADUATE FROM A REGISTERED APPRENTICESHIP FOR THIS OCCUPATION IN THE ENTIRE COUNTRY. AT THE SAME TIME, WE WELCOMED A NEW COHORT OF 100 APPRENTICES IN FEBRUARY OF 2024. IN OUR SECOND LARGEST PROGRAM (CLASS: NEIGHBORHOOD-OTHER), WE CONTINUED TO PROVIDE FUNDING TO FIVE CHILDCARE CENTERS TO HIRE MUCH-NEEDED STAFF POSITIONS (FAMILY NAVIGATORS AND OPERATIONS MANAGERS) AND PROVIDE RELATED SUPPORTS TO THE CENTERS AND THE FAMILIES. WE ALSO HELD OUR SECOND ANNUAL WINTER WONDERFEST, A WONDERFUL EVENT FOR FAMILIES AROUND THE DECEMBER HOLIDAYS THAT PROVIDES FREE GIFTS, BOOKS, AND HOUSEHOLD GOODS AS WELL AS ENTERTAINMENT. OUR THIRD LARGEST PROGRAM IS TEACHING AND LEARNING, THROUGH WHICH WE HAVE DEVELOPED, IN PARTNERSHIP WITH THE LEGO FOUNDATION AND BOSTON PUBLIC SCHOOLS, A HIGH-QUALITY, OPEN-SOURCE, PLAY-BASED TODDLER CURRICULUM. OUR TEACHING AND LEARNING TEAM ALSO PROVIDES INSTRUCTIONAL COACHING IN CLASSROOMS IN THE CHILDCARE CENTERS WE FUND THROUGH THE NEIGHBORHOOD.

    Expenses $5,288,932 · Grants $1,061,810 · Revenue $564,023

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LAUREN KENNEDY

    CO-PRES/CHIEF STRATEGY OFFICER

    Total calculated
    $177,687
    From this org
    $169,380
    From related orgs
    $0
    Other
    $8,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,380
    Bonus
    $2,000
    Other
    $0
    Deferred
    $5,762
    Nontaxable benefits
    $2,545
    Filer's total
    $177,687

  • SARAH MUNCEY

    CO-PRES/CHIEF INNOV. OFF/SECRETARY

    Total calculated
    $191,737
    From this org
    $164,004
    From related orgs
    $0
    Other
    $27,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,004
    Bonus
    $2,000
    Other
    $0
    Deferred
    $6,596
    Nontaxable benefits
    $21,137
    Filer's total
    $191,737

  • LANDIS BECKER-YOUNG

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • EMILY FORD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • HENRY FORD III

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH ENOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RENEE BOYNTON-JARRETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RYAN HAYDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL KANIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX KRUPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIAN LOBUE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE SANCHEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LINDA SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATALIE TEJERO SERAFEIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMIE VAN HORNE ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE ARMSTRONG

    CHIEF OF STAFF

    Total calculated
    $171,816
    From this org
    $164,308
    From related orgs
    $0
    Other
    $7,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,308
    Bonus
    $2,000
    Other
    $0
    Deferred
    $6,608
    Nontaxable benefits
    $900
    Filer's total
    $171,816

  • KATHRYN GREENBERG

    CHIEF GROWTH OFFICER

    Total calculated
    $171,816
    From this org
    $164,308
    From related orgs
    $0
    Other
    $7,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,308
    Bonus
    $2,000
    Other
    $0
    Deferred
    $6,608
    Nontaxable benefits
    $900
    Filer's total
    $171,816

  • BINAL PATEL

    CHIEF PROGRAM OFFICER

    Total calculated
    $161,266
    From this org
    $154,164
    From related orgs
    $0
    Other
    $7,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,164
    Bonus
    $2,000
    Other
    $0
    Deferred
    $6,202
    Nontaxable benefits
    $900
    Filer's total
    $161,266

  • JAMES COLE

    SENIOR DIRECTOR OF WORKFORCE PROGRAMS

    Total calculated
    $126,698
    From this org
    $120,925
    From related orgs
    $0
    Other
    $5,773
    Hours/week
    40

  • LATOYA GAYLE

    SENIOR DIRECTOR OF ADVOCACY

    Total calculated
    $120,796
    From this org
    $116,934
    From related orgs
    $0
    Other
    $3,862
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
NON-FIXED AND DISCRETIONARY BONUSES WERE PAID TO THE FOLLOWING DURING CALENDAR YEAR 2023: SARAH MUNCEY - $2,000 KATHRYN GREENBERG - $2,000 LAUREN KENNEDY - $2,000 CATHERINE ARMSTRONG - $2,000 BINAL PATEL - $2,000 JAMES COLE - $2,000 LATOYA GAYLE - $2,000 THE BONUS ARE APPROVED BY BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202403189349306210

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