2019-05-13T08:51:43-05:00 2018-12-31 042917204 ANSTISS & CO PC 1115 WESTFORD STREET LOWELL MA 01851 990 2018-01-01 043036200 ACRE FAMILY CHILD CARE INC ACRE 9789375899 55 MIDDLE STREET NO 500 LOWELL MA 018521812 BETHANY FITCH BOARD CHAIR 9789375899 2019-05-13 1 JAYNE A ANDREWS P00514653 9784522500 2019-05-10 50.198.108.100 2019-05-13 09:24:02 ED P 5DE253DC89EBA1BF9846C404540280BF0D203077 E484EC64C7B3D30E68AE73DEBF7C72584DDACF22 2018 2019-02-21 02:37:17Z BETHANY FITCH 55 MIDDLE STREET NO 500 LOWELL MA 018521812 5569983 0 X WWW.ACREFAMILY.ORG X 1988 MA ACRE FAMILY CHILD CARE, INC.'S MISSION IS TO PROVIDE A PATHWAY FOR WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE OPERATING HIGH QUALITY CHILD CARE BUSINESSES IN THEIR HOMES. 16 12 21 9 0 3080 4104454 4742808 419383 460740 48766 29245 9660 -11207 4582263 5221586 3142 8000 0 0 1334448 1421851 0 0 10368 3106570 3538072 4444160 4967923 138103 253663 2475016 2758710 389098 496954 2085918 2261756 ACRE FAMILY CHILD CARE INC.'S MISSION IS TO PROVIDE A PATHWAY FOR WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE OPERATING HIGH QUALITY CHILD CARE BUSINESSES IN THEIR HOMES. 0 0 3824025 452586 ACRE IS IN THE SERVICE OF HELPING WOMEN BUILD HOME-BASED FAMILY CHILD CARE BUSINESSES. ACRE PROVIDES TRAINING AND ASSISTANCE IN GETTING LICENSED, CURRICULUM SETUP CHILD CARE REFERRALS, PARENT RELATIONS AND CHILD CARE BUSINESS SUPPORT. 652144 8154 ACRE OFFERS TRANSPORTATION VIA MINI-SCHOOL BUSES OR VANS TO CHILDREN ATTENDING ACRE. 37682 8000 ACRE PROVIDES ITS UNIQUE BENCHMARK TRAINING PROGRAM AND ON-GOING SUPPORT TO WOMEN TO START AND MANAGE CHILD CARE BUSINESSES IN THEIR HOMES. THE BENCHMARK PROGRAM COVERS CHILD GROWTH AND DEVELOPMENT, CURRICULUM, STATE REGULATIONS, BEST BUSINESS PRACTICES, SMALL BUSINESS MANAGEMENT AND OTHER TOPICS RELATED TO FAMILY CHILD CARE. 4513851 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 78 0 1 21 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X THE ORGANIZATION 9789375899 55 MIDDLE STREET NO 500 LOWELL MA 018521812 THERESA PARK DIRECTOR 5.00 X 0 0 0 VALESSA MARQUES DIRECTOR 5.00 X 44656 0 0 DARMERY MONTOYA DIRECTOR 5.00 X 68427 0 0 BETHANY FITCH CHAIR 5.00 X X 0 0 0 DEBRA BELAND CLERK 5.00 X X 0 0 0 VELDA MCRAE-YATES DIRECTOR 5.00 X 0 0 0 CHRIS ORTIZ DIRECTOR 5.00 X 0 0 0 VANNA HOWARD DIRECTOR 5.00 X 0 0 0 DIANE TRADD DIRECTOR 5.00 X 0 0 0 KATHLEEN LEON TREASURER 5.00 X X 0 0 0 DONNA SAATI VICE CHAIR 5.00 X X 0 0 0 THOMAS DAUGHERTY DIRECTOR 5.00 X 0 0 0 CATHY MERCADO DIRECTOR 5.00 X 0 0 0 BETH MITCHNECK DIRECTOR 5.00 X 0 0 0 MARIA PINO DIRECTOR 5.00 X 68176 0 0 SANDRA VELEZ DIRECTOR 5.00 X 38831 0 0 LUCAS SKORCZESKI CO-EXECUTIVE DIRECTOR 40.00 X 75710 0 21698 ZELMA J LYONS-KHADAR CO-EXECUTIVE DIRECTOR 40.00 X 79272 0 21864 375072 0 43562 0 0 0 0 GRACIE RAMIREZ 15D STREET LOWELL MA 01851 CHILD CARE PROVIDER 117892 1 58441 4563604 120763 4742808 PARENT FEES & OTHER PR 624410 460740 460740 460740 23238 23238 332849 326842 6007 6007 6007 0 58441 21555 -21555 -21555 INSURANCE PROCEEDS 900099 10348 10348 10348 5221586 460740 0 18038 8000 8000 430377 322631 107746 721897 548475 173422 30146 22574 7572 173589 136511 37078 65842 46748 19094 18600 18600 10121 10121 224552 218359 6193 2291 1223 1068 46669 29234 13788 3647 24075 15408 8667 60185 38576 21609 2180 1744 436 5832 493 5339 2191 2146 45 50151 46166 3985 22837 16899 5938 PROVIDER CONTRACTS 2967985 2967985 VEHICLE EXPENSES 50646 50646 AGENCY & DEPT EVENTS 14899 8681 895 5323 TRAINING & DEVELOPMENT 13761 13761 21097 18814 1953 330 4967923 4513851 443704 10368 41611 35802 726086 905096 367931 411037 10660 16163 31463 30237 299534 171213 178472 128321 998052 943264 120741 288790 2475016 2758710 291701 298128 8955 9550 88442 8052 0 181224 389098 496954 X 2041512 2217954 44406 43802 2085918 2261756 2475016 2758710 X 253663 -70197 -7628 X 0 1 X 1 1 1 X 3679457 3764241 4040191 4104454 4742808 20331151 3679457 3764241 4040191 4104454 4742808 20331151 20331151 160270 34036 20879 23774 23238 262197 20593348 2171950 0.98730 0.98550 X 120740 -5440 5547 2187 107566 107947 18221 5428 120740 109113 6211 5335 2042 107947 117227 100 -951 5088 2175 109113 113418 5942 2133 117227 1.00000 1 0 299534 171213 128321 128321 BENEFICIAL INTEREST IN AN AGENCY ENDOWMENT 107566 LEASE ASSET 181224 288790 LEASE LIABILITY 181224 181224 X 5155195 -70197 -7628 -77825 5233020 10121 -21555 -11434 5221586 4979357 21555 21555 4957802 10121 10121 4967923 PART V, LINE 4: THE PURPOSE OF THE AGENCY ENDOWMENT IS TO PROVIDE THE ORGANIZATION WITH AN ANNUAL DISTRIBUTION OF UNRESTRICTED SUPPORT IN ACCORDANCE WITH A "SPENDING POLICY" ADOPTED BY THE GREATER LOWELL COMMUNITY FOUNDATION'S BOARD. THE CURRENT SPENDING POLICY ALLOWS FOR AN ANNUAL DISTRIBUTION OF 5% OF THE AVERAGE VALUE OF THE FUND. THERE WAS A DISTRIBUTION OF $5,547.00 FROM THE AGENCY ENDOWMENT IN 2018. PART X, LINE 2: THE ORGANIZATION, INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX EXEMPT ENTITY, HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS REQUIRED BY ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX EXEMPT NOT-FOR-PROFIT ENTITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FMV OF BENEFICIAL INTEREST IN AN AGENCY ENDOWMENT PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES ANNIVERSARY CELEBRATION 58441 58441 21555 58441 58441 21555 21555 -21555 0 MCC FOUNDATION PO BOX 8681 LOWELL MA 01853 042973384 501 (C)(3) 7000 TO CREATE SCHOLARSHIP FUND IN MEMORY OF ORGANIZATION'S FORMER EXECUTIVE DIRECTOR. 1 0 SANDRA VELEZ BOARD MEMBER IS ALSO A CHILD CARE PROVIDER 38831 PAYMENT FOR PROVIDING SUBCONTRACTED CHILD CARE SERVICES. 0 VALESSA MARQUES BOARD MEMBER IS ALSO A CHILD CARE PROVIDER 44656 PAYMENT FOR PROVIDING SUNCONTRACTED CHILD CARE SERVICES. 0 DARMERY MONTOYA BOARD MEMBER IS ALSO A CHILD CARE PROVIDER 68427 PAYMENT FOR PROVIDING SUBCONTRACTED CHILD CARE SERVICES. 0 MARIA PINO BOARD MEMBER IS ALSO A CHILD CARE PROVIDER 68176 PAYMENT FOR PROVIDING SUBCONTRACTED CHILD CARE SERVICES. 0 DEBRA BELAND BOARD MEMBER IS EMPLOYED BY THE BANK THAT HOLDS INVESTMENTS 10121 PAYMENT TO THE BANK FOR INVESTMENT ADVISORY SERVICES 0 DONNA SAATI BOARD MEMBER IS EMPLOYED BY THE BANK THAT HOLDS INVESTMENTS 10121 PAYMENT TO THE BANK FOR INVESTMENT ADVISORY SERVICES. 0 THOMAS DAUGHERTY BOARD MEMBER IS EMPLOYED BY THE BANK THAT WAS LENDER FOR BUS LOAN TO ORGANI 1548 INTEREST PAID ON BUS LOAN. 0 BETHANY FITCH BOARD MEMBER IS EMPLOYED BY THE BANK THAT WAS LENDER FOR BUS LOAN TO ORGANI 578 INTEREST PAID ON BUS LOAN. 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD FOR THEIR DETAIL REVIEW. SUBSEQUENTLY AND PRIOR TO FILING, THE COMMITTEE'S SUMMARY CONCLUSIONS ARE REPORTED TO THE FULL BOARD. AT THAT TIME, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO COMPLETE A RELATED-PARTY TRANSACTION AND INDEPENDENCE DISCLOSURE QUESTIONNAIRE FORM. RESPONSES ARE THE BASIS FOR APPROPRIATE DISCLOSURE IN ANNUAL FINANCIAL AND COMPLIANCE REPORTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS PERIODICALLY REVIEWS THE PERFORMANCE OF THE CO-EXECUTIVE DIRECTORS AND DETERMINES THE APPROPRIATE ADJUSTMENT TO THE INCUMBENTS' COMPENSATION LEVEL. COMPENSATION LEVELS FOR OTHER KEY EMPLOYEES ARE ADJUSTED PERIODICALLY BASED ON MARKET RESEARCH, STATE MANDATES AND ON THE AVAILABILITY OF FUNDS. FORM 990, PART VI, SECTION C, LINE 19 DURING REGULAR BUSINESS HOURS, ON REQUEST, ARTICLES OF ORGANIZATION, BY-LAWS, FINANCIAL STATEMENTS (AUDITED) AND SIMILAR DOCUMENTS ARE AVAILABLE TO THE PUBLIC FOR INSPECTION AT THE AGENCY'S OFFICES IN LOWELL, MASSACHUSETTS. FORM 990, PART XI, LINE 9: CHANGE IN FMV OF BENEFICIAL INTEREST IN AN AGENCY ENDOWMENT -7,628.