Kid Start Incorporated FY2024 filing

Tax-deductible

Lawrence, MA501(c)(3)Since 1984EIN 22-2622140

To Provide: 1) Administrative, managerial, educational and logistical support to in-home child care providers 2) Center-based child care

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$286K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $697K a year · 12% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$286K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.5M
+32% vs prior year
Spent
$6.6M
To programs
94%
Net assets
$3.4M
By yearFY2020–FY2025
Revenue
$7.5M
FY2024▲ +32%
Revenue by fiscal year
FY2020$3.8M
FY2021$3.8M
FY2022$4.7M
FY2023$5.7M
FY2024$7.5M
FY2025$10.1M
Expenses
$6.6M
FY2024▲ +22%
Expenses by fiscal year
FY2020$3.6M
FY2021$3.4M
FY2022$4.2M
FY2023$5.4M
FY2024$6.6M
FY2025$8.4M
Net assets
$3.4M
FY2024▲ +40%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$2.1M
FY2023$2.4M
FY2024$3.4M
FY2025$5.2M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $6.2M Management & general 6% · $383K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990; $286K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President and Director
$124,170Pt VII · Sec A
Vice President Director
$83,774Pt VII · Sec A
Treasurer CFO
$77,932Pt VII · Sec A
$0Pt VII · Sec A
Assistant Clerk
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Leonard Levasseur——$489,836$100,354$87,742$80,295
Tamara Holder$124,515$124,170$119,143———
Aida Robles$78,974$83,774$77,471$69,161——
Lance Levasseur$75,475$77,932$74,812$67,894$65,206$62,111
Paul Mahoney————$39,563$58,883

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports in-home and center-based child care providers with administrative, educational, and logistical help.

Provided by the organization

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1 program service account for $6.2M of program spending, described in the organization's own filed words · FY2023.
01

Family Day Care and Child Care On Site Daycare - Total Clients Served = 307

$6.2Mprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.5M
Ln 12
Fees for servicesLn 2g$7.3M
Gifts and grantsLn 1h$241K
Other incomeLn 4–11$10K
Money outPt IX
$6.6M
Ln 25
Programscol B$6.2M
Managementcol C$383K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$4.4M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$241K
Fees for servicesLn 2g$7.3M
Investment incomeLn 3$307
Other incomeLn 4–11$10K
Total revenueLn 12$7.5M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$610K
Cash and savings togetherLn 1–2$2.5M
Land, buildings, equipmentLn 10c$381K
Total assetsLn 16$4.4M
LiabilitiesLn 26$1.0M
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 537
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.0M$2.5M
Land, buildings, equipmentLn 10c$370K$381K
Total assetsLn 16$2.9M$4.4M
LiabilitiesLn 26$470K$1.0M
Net assetsLn 32$2.4M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$298K$219K$78K
Other salaries and wagesLn 7$855K$845K$10K
Pension plan contributionsLn 8$10K$9K$1K
Other employee benefitsLn 9$63K$55K$8K
Payroll taxesLn 10$102K$94K$8K
Accounting feesLn 11c$68K$68K
Other fees for servicesLn 11g$49K$49K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$48K$18K$29K
Information technologyLn 14$24K$24K
OccupancyLn 16$153K$130K$23K
InterestLn 20$558$475$83
Depreciation, depletion and amortizationLn 22$58K$47K$12K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$4.7M$4.7M
All other expensesLn 24e$101K$54K$47K
Total functional expensesLn 25$6.6M$6.2M$383K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.1M$8.4M$1.8M$5.2M 990 PDF
FY2024 Viewing $7.5M$6.6M$971K$3.4M 990 PDF
FY2023 $5.7M$5.4M$326K$2.4M 990 PDF
FY2022 $4.7M$4.2M$517K$2.1M 990 PDF
FY2021 $3.8M$3.4M$357K$1.6M 990 PDF
FY2020 $3.8M$3.6M$238K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $7,530,322 across 6 lines filed
VIII-1f All other contributions, gifts and grants$240,718
VIII-1h Total contributions, gifts and grants$240,718
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,279,202$7,279,202
VIII-3 Investment incomeExcluded from tax $307$307
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,095$10,095
VIII-12 Total revenueRelated to mission $7,289,297 · Unrelated business $0 · Excluded from tax $307$7,530,322
Part IX · Statement of functional expenses $6,559,656 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $219,012 · Management $78,489$297,501
IX-7 Other salaries and wagesPrograms $844,548 · Management $10,160$854,708
IX-8 Pension plan contributionsPrograms $8,685 · Management $1,400$10,085
IX-9 Other employee benefitsPrograms $54,776 · Management $8,226$63,002
IX-10 Payroll taxesPrograms $94,367 · Management $7,873$102,240
IX-11c Accounting feesManagement $68,308$68,308
IX-11g Other fees for servicesManagement $49,128$49,128
IX-12 Advertising and promotionManagement $2,343$2,343
IX-13 Office expensesPrograms $18,441 · Management $29,062$47,503
IX-14 Information technologyManagement $24,381$24,381
IX-16 OccupancyPrograms $130,415 · Management $23,015$153,430
IX-20 InterestPrograms $475 · Management $83$558
IX-22 Depreciation, depletion and amortizationPrograms $46,574 · Management $11,791$58,365
IX-23 InsuranceManagement $20,916$20,916
IX-24 Other expenses (24a–d)Programs $4,705,937$4,705,937
IX-24e All other expensesPrograms $53,796 · Management $47,455$101,251
IX-25 Total functional expensesPrograms $6,177,026 · Management $382,630 · Fundraising $0$6,559,656
Part X · Balance sheet $4,441,805 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,403,939$1,885,627
X-2 Savings and temporary cash investmentsStart of year $609,334$609,945
X-4 Accounts receivableStart of year $516,789$1,551,580
X-9 Prepaid expenses and deferred chargesStart of year $13,508$13,688
X-10c Land, buildings and equipment, netStart of year $369,625$380,965
X-16 Total assetsStart of year $2,913,195$4,441,805
X-17 Accounts payable and accrued expensesStart of year $365,997$980,261
X-26 Total liabilitiesStart of year $469,783$1,027,727
X-27 Net assets without donor restrictionsStart of year $2,009,931$2,923,827
X-28 Net assets with donor restrictionsStart of year $433,481$490,251
X-32 Total net assets or fund balancesStart of year $2,443,412$3,414,078
X-33 Total liabilities and net assetsStart of year $2,913,195$4,441,805
Part XI · Reconciliation of net assets $3,414,078 net assets at year end
XI-1 Total revenue$7,530,322
XI-2 Total expenses$6,559,656
XI-3 Revenue less expenses$970,666
XI-4 Net assets at start of year$2,443,412
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,414,078

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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