Job Options INC FY2021 filing

Lynn, MAUnknown exempt organization EIN 23-7100697Revenue $1.2M in FY2021Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSjoichildcare.comLynn, MA

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The organization is an inner city daycare, which primarily serves the minority community to serve working parents, those in college and training programs, and those in need of protective services.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7100697) · Dispute this line
77¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $110K a year · 10% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
4.0 mo
of spending, in cash
4.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$80K
13% of total assets
Liabilities are 13% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.2M
-13% vs prior year
Spent
$1.1M
To programs
77%
Net assets
$518K
By yearFY2020–FY2023
Revenue
$1.2M
FY2021▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$994K
FY2023$809K
Expenses
$1.1M
FY2021▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.1M
FY2022$1.1M
FY2023$1.3M
Net assets
$518K
FY2021▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2020$388K
FY2021$518K
FY2022$479K
FY2023$0

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $829K Management & general 22% · $234K Fundraising 1% · $9K

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

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Who runs it and what they're paid

8 people listed on the 990; $68K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$67,668Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Michelle Merson$75,490$71,766$67,668$65,951

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.

See Job Options INC executive salaries →

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 15aYes

Programs and updates

Provides affordable childcare for working parents and those in training programs.

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2 programs · $829K · in their own filed words · FY2020
01

Childcare Services

The organization was created as a direct response to an urgent community need for affordable, quality childcare. The organization is licensed by the department of early education and care for 110 children between the ages of 2 months and 6 years.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7100697) · Dispute this line
$677Kprogram expense
02

Teen Parent Services

The organization also offers the only teen parent program in lynn. Since 1988, the organization has operated a comprehensive program for 12 teen parents and their children geared to meet their specific needs.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7100697) · Dispute this line
$151Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$3K
Investment incomeLn 3$90
Money outPt IX
$1.1M
Ln 25
Programscol B$829K
Managementcol C$234K
Fundraisingcol D$9K
Owns and owesPt X
$518K
net assets · Ln 32
Cash and savingsLn 1–2$358K
Total assetsLn 16$599K
LiabilitiesLn 26$80K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$3K
Investment incomeLn 3$90
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$327K
SavingsLn 2$31K
Cash and savings togetherLn 1–2$358K
Accounts receivableLn 4$71K
Prepaid expenses and deferred chargesLn 9$11K
Land, buildings, equipmentLn 10c$152K
Other assetsLn 15$7K
Total assetsLn 16$599K
LiabilitiesLn 26$80K
Net assetsLn 32$518K
OperationsPt I, VI
EmployeesI 543
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$187K$358K
Land, buildings, equipmentLn 10c$171K$152K
Total assetsLn 16$535K$599K
LiabilitiesLn 26$147K$80K
Net assetsLn 32$388K$518K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$83K$66K$16K$868
Other salaries and wagesLn 7$589K$471K$112K$6K
Pension plan contributionsLn 8$11K$9K$2K$118
Other employee benefitsLn 9$129K$103K$24K$1K
Payroll taxesLn 10$63K$50K$12K$656
Legal feesLn 11b$15$15
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$17K$16K$2K$86
Advertising and promotionLn 12$388$388
Office expensesLn 13$9K$612$9K$8
OccupancyLn 16$91K$82K$9K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$5K$4K$1K$57
Other expenses (24a–d)Ln 24$29K$27K$2K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$1.1M$829K$234K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Nov 30, 2023 $809K$1.3M−$479K$0 990 PDF
FY2022Filed with the IRS May 12, 2023 $994K$1.1M−$61K$479K 990 PDF
FY2021 ViewingFiled with the IRS May 5, 2022 $1.2M$1.1M$130K$518K 990 PDF
FY2020Filed with the IRS May 12, 2021 $1.4M$1.4M−$30K$388K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $1,201,740 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,282,222$1,198,950
I-9 Program service revenuePrior year $105,924$2,700
I-10 Investment incomePrior year $0$90
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,388,146$1,201,740
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,115,548$874,442
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $303,001$197,293
I-18 Total expensesPrior year $1,418,549$1,071,735
I-19 Revenue less expensesPrior year −$30,403$130,005
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,201,740 across 6 lines filed
VIII-1e Government grants$1,189,515
VIII-1f All other contributions, gifts and grants$9,435
VIII-1h Total contributions, gifts and grants$1,198,950
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,700$2,700
VIII-3 Investment incomeExcluded from tax $90$90
VIII-12 Total revenueRelated to mission $2,700 · Unrelated business $0 · Excluded from tax $90$1,201,740
Part IX · Statement of functional expenses $1,071,735 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $66,336 · Management $15,716 · Fundraising $868$82,920
IX-7 Other salaries and wagesPrograms $470,971 · Management $111,575 · Fundraising $6,169$588,715
IX-8 Pension plan contributionsPrograms $9,023 · Management $2,138 · Fundraising $118$11,279
IX-9 Other employee benefitsPrograms $103,176 · Management $24,443 · Fundraising $1,352$128,971
IX-10 Payroll taxesPrograms $50,045 · Management $11,856 · Fundraising $656$62,557
IX-11b Legal feesManagement $15$15
IX-11c Accounting feesManagement $22,641$22,641
IX-11g Other fees for servicesPrograms $15,723 · Management $1,559 · Fundraising $86$17,368
IX-12 Advertising and promotionManagement $388$388
IX-13 Office expensesPrograms $612 · Management $8,549 · Fundraising $8$9,169
IX-16 OccupancyPrograms $81,873 · Management $9,029$90,902
IX-22 Depreciation, depletion and amortizationManagement $20,132$20,132
IX-23 InsurancePrograms $4,315 · Management $1,022 · Fundraising $57$5,394
IX-24 Other expenses (24a–d)Programs $26,655 · Management $2,125$28,780
IX-24e All other expensesManagement $2,504$2,504
IX-25 Total functional expensesPrograms $828,729 · Management $233,692 · Fundraising $9,314$1,071,735
Part X · Balance sheet $598,574 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $156,217$327,425
X-2 Savings and temporary cash investmentsStart of year $30,569$30,659
X-4 Accounts receivableStart of year $158,900$70,951
X-9 Prepaid expenses and deferred chargesStart of year $11,175$10,608
X-10c Land, buildings and equipment, netStart of year $171,331$151,931
X-15 Other assetsStart of year $7,000$7,000
X-16 Total assetsStart of year $535,192$598,574
X-17 Accounts payable and accrued expensesStart of year $84,651$67,129
X-23 Secured mortgages and notes payableStart of year $15,917$13,066
X-25 Other liabilitiesStart of year $46,250$0
X-26 Total liabilitiesStart of year $146,818$80,195
X-27 Net assets without donor restrictionsStart of year $388,374$518,379
X-32 Total net assets or fund balancesStart of year $388,374$518,379
X-33 Total liabilities and net assetsStart of year $535,192$598,574
Part XI · Reconciliation of net assets $518,379 net assets at year end
XI-1 Total revenue$1,201,740
XI-2 Total expenses$1,071,735
XI-3 Revenue less expenses$130,005
XI-4 Net assets at start of year$388,374
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$518,379

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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