2015-04-27T13:24:33-05:00 2014-12-31 042917204 ANSTISS & CO PC 1115 WESTFORD STREET LOWELL MA 01851 990 2014-01-01 043036200 ACRE FAMILY CHILD CARE INC ACRE 9789375899 55 MIDDLE STREET NO 500 LOWELL MA 018521812 PATRICIA SULLIVAN TALTY PRESIDENT 9789375899 2015-04-04 1 RAYMOND L ANSTISS JR P00142883 9784522500 2015-04-04 2014 2016-02-25 16:41:14Z PATRICIA SULLIVAN TALTY 55 MIDDLE ST SUITE 500 LOWELL MA 01852 4737646 0 X WWW.ACREFAMILY.ORG X 1988 MA ACRE FAMILY CHILD CARE, INC.PROVIDES A PATHWAY FOR WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY OPERATING HIGH QUALITY CHILD CARE BUSINESSES IN THEIR HOMES. 14 10 23 10 0 0 3494643 3679457 394330 413295 43181 160270 -8609 0 3923545 4253022 0 0 0 0 1145965 1130575 0 0 11819 2803619 3000485 3949584 4131060 -26039 121962 2034659 2081651 317035 333543 1717624 1748108 ACRE FAMILY CHILD CARE INC.'S MISSION IS TO HELP WOMEN BUILD SUCCESSFUL HOME-BASED FAMILY CHILD CARE BUSINESSES THAT PROVIDE HIGH QUALITY CHILD CARE RESPONSIVE TO THE NEEDS OF THE GREATER LOWELL COMMUNITY. 0 0 2958312 407035 ACRE FAMILY CHILD CARE IS IN THE SERVICE OF HELPING LOCAL WOMEN BUILD HOME-BASED FAMILY CHILD CARE BUSINESSES. ACRE PROVIDES TRAINING AND ASSISTANCE IN GETTING LICENSED, CURRICULUM SETUP, PARENT RELATIONS AND THE ACQUISITION OF APPOPRIATE CHILD CARE SUPPLIES AND EQUIPMENT. 563330 6260 ACRE PROVIDES TRANSPORTATION FOR CHILDREN ATTENDING ESTABLISHED FAMILY-BASED CHILD CARE PROGRAMS. 81083 ACRE PROVIDES TRAINING TO IMMIGRANT WOMEN SO THAT THEY MAY OFFER CHILD CARE SERVICES; HELPS ESTABLISHED EDUCATORS ACCESS COMMUNITY SCIENCE RESOURCES, AND PROVIDES LOWELL EDUCATORS WITH PROFESSIONAL DEVELOPMENT OPPORTUNITIES. 3602725 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 68 0 1 23 1 0 0 0 0 0 0 0 0 0 0 X 14 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X THE ORGANIZATION 9789375899 55 MIDDLE STREET NO 500 LOWELL MA 018521812 PATRICIA SULLIVAN TALTY PRESIDENT 5.00 X X 0 0 0 THERESA PARK VICE PRESIDENT 5.00 X X 0 0 0 SHARON PRIVITERA TREASURER 5.00 X X 0 0 0 PATRICIA GOLDSTEIN CLERK 5.00 X X 0 0 0 ALLYSSA MCCABE DIRECTOR 5.00 X 0 0 0 MATTHEW MCLAUGHLIN DIRECTOR 5.00 X 0 0 0 ROSE CASTILLO DIRECTOR 5.00 X 47978 0 0 VALESSA MARQUES DIRECTOR 5.00 X 46774 0 0 DARMERY MONTOYA DIRECTOR 5.00 X 51481 0 0 BLANCA VALENCIA DIRECTOR 5.00 X 55356 0 0 BETHANY FITCH DIRECTOR 5.00 X 0 0 0 MELISSA DEVORE DIRECTOR 5.00 X 0 0 0 CHERYL HYLTON DIRECTOR 5.00 X 0 0 0 DEREK MITCHELL DIRECTOR 5.00 X 0 0 0 KATHLEEN RETICKER EXECUTIVE DIRECTOR 40.00 X 76250 0 14938 277839 0 14938 0 0 0 0 0 3519358 160099 3679457 PARENT FEES & OTHER PR 624410 413295 413295 413295 28482 28482 602412 14000 472142 12482 130270 1518 131788 131788 4253022 413295 0 160270 95799 95799 766076 566369 199707 15681 11372 4309 190920 125070 65850 62099 41393 20706 16700 16700 9444 9444 139757 131355 6402 2000 2611 1046 1565 33432 10397 16440 6595 34339 18028 16311 54269 36146 18123 3813 664 3149 5050 616 4196 238 1408 1356 52 29035 15824 13211 19658 11795 7863 PROVIDER CONTRACTS 2491487 2491487 VEHICLE EXPENSES 100258 100258 TRAINING & DEVELOPMENT 23577 20978 2400 199 AGENCY & DEPT EVENTS 16463 5355 8970 2138 19184 13216 5319 649 4131060 3602725 516516 11819 2427 1875 646646 527503 311856 349798 2730 2886 19923 21518 23496 47244 207044 87788 89624 119256 824539 894344 113418 117227 2034659 2081651 263460 270426 9695 9360 43880 53757 317035 333543 X 1705108 1723108 12516 25000 1717624 1748108 2034659 2081651 X 121962 -95288 3810 X 0 1 X 1 1 1 X 3625204 3610195 3429969 3494644 3679457 17839469 3625204 3610195 3429969 3494644 3679457 17839469 17839469 46188 65651 51985 41947 160270 366041 18205510 1860316 0.97990 0.99070 X 113418 5942 2133 117227 103070 16544 4341 1855 113418 93465 11328 1723 103070 95981 -820 1696 93465 87269 10160 1448 95981 1.00000 1 0 207044 87788 119256 119256 BENEFICIAL INTEREST IN AN AGENCY ENDOWMENT 117227 117227 X 4152100 -95288 3810 -91478 4243578 9444 9444 4253022 4121616 0 4121616 9444 9444 4131060 PART V, LINE 4: THE PURPOSE OF THE FUND 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. NO FUNDS WERE DISTRIBUTED FROM THE ENDOWMENT IN 2014. 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, "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 BLANCA VALENCIA SITS AS A DIRECTOR ON BOARD. TO IMPROVE IN HOME DAYCARE FACILITY X 3848 2886 0 1 1 2886 BLANCA VALENCIA SITS AS A DIRECTOR ON ACRE FAMILY CHILD CARE'S BOARD. 55356 PAYMENT FOR PROVIDING SUBCONTRACTED CHILD CARE SERVICES. 0 VALESSA MARQUES SITS AS A DIRECTOR ON ACRE FAMILY CHILD CARE'S BOARD. 46774 PAYMENT FOR PROVIDING SUNCONTRACTED CHILD CARE SERVICES. 0 DARMERY MONTOYA SITS AS A DIRECTOR ON ACRE FAMILY CHILD CARE'S BOARD. 51481 PAYMENT FOR PROVIDING SUBCONTRACTED CHILD CARE SERVICES. 0 ROSE CASTILLO SITS AS A DIRECTOR ON ACRE FAMILY CHILD CARE'S BOARD. 47978 PAYMENT FOR PROVIDING SUBCONTRACTED CHILD CARE SERVICES. 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD IN MID-APRIL 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 EXECUTIVE DIRECTOR AND DETERMINES THE APPROPRIATE ADJUSTMENT TO THE INCUMBENT'S COMPENSATION LEVEL. COMPENSATION LEVELS FOR OTHER KEY EMPLOYEES ARE DETERMINED BY APPLICATION OF A RESPONSIBILITY/COMPENSATION MATRIX APPROVED BY THE EXECUTIVE COMMITTEE/PERSONNEL COMMITTEE AND THE EXECUTIVE DIRECTOR. 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 3,810.