2024-02-14T14:23:40-06:00 2023-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-07-01 042625150 BROOKLINE INFANT TODDLER CENTER INC BROO 6179692699 1900 COMMONWEALTH AVENUE NEWTON MA 02466 MICHAEL T CULHANE EXECUTIVE DIRECTOR 6174924922 2024-02-13 1 MICHAEL CULHANE 999009999 0 DAVID A DIIULIS P00303577 6174711120 2024-02-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL T CULHANE 71 PEARL STREET CAMBRIDGE MA 02139 8407492 0 X WWW.BITCENTER.ORG X 1997 MA THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE YEAR-ROUND CHILDCARE AND EDUCATIONAL PROGRAMS FOR CHILDREN OF PRE-KINDERGARTEN AGE AND TO ENGAGE IN ACTIVITIES THAT ARE INCIDENTAL TO THE FOREGOING AND THAT ARE PERMISSABLE ACTIVITIES. 5 3 161 2 0 0 3155003 1057573 6220058 7210387 2055 61424 0 78108 9377116 8407492 0 0 0 0 4032632 4813749 0 0 0 2207969 2464369 6240601 7278118 3136515 1129374 6055660 7997858 2785959 3534185 3269701 4463673 THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE YEAR-ROUND CHILDCARE AND EDUCATIONAL PROGRAMS FOR CHILDREN OF PRE-KINDERGARTEN AGE AND TO ENGAGE IN ACTIVITIES THAT ARE INCIDENTAL TO THE FOREGOING AND THAT ARE PERMISSABLE ACTIVITIES. 0 0 6184558 7288495 THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE YEAR-ROUND CHILDCARE AND EDUCATIONAL PROGRAMS FOR CHILDREN OF PRE-KINDERGARTEN AGE AND TO ENGAGE IN ACTIVITIES THAT ARE INCIDENTAL TO THE FOREGOING AND THAT ARE PERMISSABLE ACTIVITIES. 6184558 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 1 161 1 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X MICHAEL T CULHANE 6174924922 71 PEARL STREET CAMBRIDGE MA 02139 MICHAEL T CULHANE EXECUTIVE DIRECTOR/CEO 1.00 40.00 X X 0 305941 31460 BONNIE K CULHANE TRUSTEE 1.00 X 0 0 0 JOHN KILEY TRUSTEE 1.00 X 0 0 0 GREG SUSCO TRUSTEE 1.00 X 0 0 0 DOUG DICERBO TRUSTEE 1.00 X 0 0 0 LESLIE YERARDI PROGRAM DIRECTOR 40.00 X 117734 0 14230 117734 305941 45690 1 0 1 0 0 1029862 27711 1057573 TUITION 611110 7191799 7191799 APPLICATION FEES 611110 18588 18588 7210387 61424 61424 MISCELLANEOUS REVENUE 900099 78108 78108 78108 8407492 7288495 0 61424 3821753 3821753 655106 655106 336890 336890 1011480 1011480 6138 6138 15166 15166 98238 98238 33501 33501 20824 20824 266593 266593 9800 9800 82080 82080 147656 147656 46517 46517 REPAIRS AND MAINTENANCE 324579 324579 UTILITIES 112740 112740 MEALS 98001 98001 SUPPLIES 88266 88266 102790 102790 7278118 6184558 1093560 0 746159 470631 708520 206505 19683 19593 3937985 809400 2991290 3128585 952891 2686149 637117 637117 0 849278 6055660 7997858 192271 281355 16775 0 2226140 2032834 350773 368125 0 851871 2785959 3534185 X 3269701 4463673 3269701 4463673 6055660 7997858 1129374 64598 0 X X 0 1 X 1 0 X 43687 45097 180799 3155003 1057573 4482159 5983900 4919064 4538881 6220058 7210387 28872290 6027587 4964161 4719680 9375061 8267960 33354449 0 0 0 33354449 5 10001 10 2055 61424 73495 5 10001 10 2055 61424 73495 6027592 4974162 4719690 9377116 8329384 33427944 0.99780 0.99960 0.00220 0.00040 X 1120000 1120000 2337998 533928 1804070 118051 63690 54361 358936 211782 147154 3000 3000 3128585 MUTUAL FUNDS 2686149 F 2686149 RIGHT-OF-USE ASSETS 849278 849278 LEASE LIABILITIES 851871 851871 X 8472090 64598 64598 8407492 0 8407492 7278118 0 7278118 0 7278118 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION ANNUALLY EVALUATES ITS TAX STATUS AND TAX POSITIONS TAKEN WITH RESPECT TO ITS OPERATION AND FINANICAL POSITION. UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED ALL APPLICABLE RETURNS, AS REQUIRED, IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES. X X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL T CULHANE EXECUTIVE DIRECTOR/CEO 0 305941 0 0 0 0 0 1010 0 30450 0 337401 0 0 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL T. CULHANE (CHIEF EXECUTIVE OFFICER/EXECUTIVE DIRECTOR) IS THE SON OF BONNIE K. CULHANE (TRUSTEE). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER REVIEW A DRAFT OF THE FORM 990, WHICH IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS. ANY COMMENTS RESULTING FROM THE REVIEW PROCESS ARE INCORPORATED INTO THE FORM BY THE INDEPENDENT ACCOUNTANTS. A FINAL VERSION OF THE FORM 990 IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND TRUSTEES OF THE ORGANIZATION ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE STATEMENTS ARE COMPLETED AT THE BEGINNING OF EACH FISCAL YEAR AND ARE EVALUATED BY THE OFFICERS OF THE ORGANIZATION. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATION OR DECISIONS THAT MAY BE AFFECTED BY A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC BY WAY OF WEBSITES OF CERTAIN REGULATORY AGENCIES. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE PROCESS. JAMES F FARR ACADEMY INC 71 PEARL STREET CAMBRIDGE MA 02139 042502446 EDUCATION MA 501(C)(3) LINE 3 N/A 0 FARR FOUNDATION INC 71 PEARL STREET CAMBRIDGE MA 02139 043364089 SUPPORT MA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 JAMES F FARR ACADEMY INC P 1011480 FAIR MARKET VALUE