2023-09-27T14:53:44-05:00 2023-03-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-04-01 043584367 CRADLES TO CRAYONS INC CRAD 6177794700 281 NEWTONVILLE AVE NEWTON MA 02460 LYNN MARGHERIO PRESIDENT / CEO 6177794700 2023-09-27 1 LYNN MARGHERIO XXX-XX-XXXX 1 KATIE BELANGER CPA P01585213 5083669100 2023-09-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LYNN MARGHERIO 281 NEWTONVILLE AVE NEWTON MA 02460 47581489 0 X WWW.CRADLESTOCRAYONS.ORG X 2002 MA CRADLES TO CRAYONS PROVIDES CHILDREN FROM BIRTH THROUGH AGE 12, LIVING IN HOMELESS OR LOW-INCOME SITUATIONS, WITH THE ESSENTIAL ITEMS THEY NEED TO THRIVE AT HOME, AT SCHOOL AND AT PLAY. WE SUPPLY THESE ITEMS FREE OF CHARGE BY ENGAGING AND CONNECTING COMMUNITIES.AS A RESULT OF A COMPREHENSIVE STRATEGIC PLANNING PROCESS TO DETERMINE THE MOST EFFECTIVE AND EFFICIENT MODEL TO SERVE THE UNMET NEED ACROSS THE UNITED STATES, THE ORGANIZATION DEVELOPED AND LAUNCHED A NEW DIGITAL MODEL, GIVING FACTORY DIRECT. THE MODEL ALLOWS DONORS TO SEND ESSENTIAL ITEMS DIRECTLY FROM THEIR HOMES TO THE CHILDREN THEY SERVE VIA ITS NETWORK OF SERVICE PARTNERS. IN THIS FISCAL YEAR, THE ORGANIZATION UTILIZED GIVING FACTORY DIRECT TO SERVE CHILDREN IN THE BAY AREA AND NEW YORK CITY. 13 12 125 10635 0 0 34557342 37229905 0 0 368134 -70771 1000000 2900000 35925476 40059134 0 0 0 0 7472763 9046874 0 0 2390371 24166340 29605211 31639103 38652085 4286373 1407049 31992503 36344012 6220852 9126287 25771651 27217725 X CRADLES TO CRAYONS PROVIDES CHILDREN FROM BIRTH THROUGH AGE 12, LIVING IN HOMELESS OR LOW-INCOME SITUATIONS, WITH THE ESSENTIAL ITEMS THEY NEED TO THRIVE AT HOME, AT SCHOOL AND AT PLAY. WE SUPPLY THESE ITEMS FREE OF CHARGE BY ENGAGING AND CONNECTING COMMUNITIES. 0 0 34894797 THE ORGANIZATION EXECUTES ITS MISSION BY MOBILIZING WIDESPREAD COMMUNITY AND CIVIC PARTICIPATION. AT THE COMMUNITY LEVEL, THE ORGANIZATION PARTNERS WITH SCHOOLS, CORPORATIONS, FAITH-BASED ORGANIZATIONS, AND OTHER COMMUNITY GROUPS TO CONDUCT DRIVES FOR CHILDREN'S GOODS AND TO OBTAIN VOLUNTEERS IN ITS WAREHOUSE. IN ADDITION, THE ORGANIZATION PARTNERS WITH A NETWORK OF DIVERSE SOCIAL SERVICE AGENCIES THAT ORDER AND DISTRIBUTE THE ORGANIZATION'S PACKAGES TO INDIVIDUAL CHILDREN RECEIVING SERVICES FROM THOSE AGENCIES. BY INVOLVING INDIVIDUALS AND LOCAL PRIVATE, NOT-FOR-PROFIT, AND PUBLIC-SECTOR ORGANIZATIONS IN ITS MISSION, THE ORGANIZATION IS ABLE TO ADDRESS THE IMMEDIATE NEEDS OF UNDERPRIVILEGED CHILDREN, BUILD LONG-TERM COMMUNITY OWNERSHIP OF THE ORGANIZATION'S MISSION, AND RAISE AWARENESS ABOUT THE CRITICAL ISSUES OF POVERTY, HOMELESSNESS AND CLOTHING INSECURITY. FOR THE YEAR ENDED MARCH 31, 2023, THE ORGANIZATION PROCURED AND DISTRIBUTED 76,086 HYGIENE KITS, 8,589,750 DIAPERS AND 78,816 WINTER COATS, AND CLOTHING TO PROVIDE A WEEK'S WORTH OF OUTFITS TO 85,267 KIDS, AMONG OTHER ESSENTIAL NEEDS TO CHILDREN LIVING IN LOW-INCOME OR HOMELESS SITUATIONS IN MASSACHUSETTS, PENNSYLVANIA AND ILLINOIS. 34894797 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 1 125 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NJ PA IL MA NY X X CRADLES TO CRAYONS INC 6177794720 281 NEWTONVILLE AVE NEWTON MA 02460 LYNN MARGHERIO CEO 40.00 X X 266963 0 9355 DEAN ATHANASIA BOARD CHAIR 1.00 X X 0 0 0 JAY BHATT BOARD MEMBER 1.00 X 0 0 0 DARREN BURTON BOARD MEMBER 1.00 X 0 0 0 TODD COOK BOARD MEMBER 1.00 X 0 0 0 JULIE DAUM BOARD MEMBER 1.00 X 0 0 0 GERARD DU TOIT BOARD MEMBER 1.00 X 0 0 0 MIKE EWALD BOARD MEMBER 1.00 X 0 0 0 JACK GREENBERG BOARD MEMBER 1.00 X 0 0 0 TIFFANY GUEYE BOARD MEMBER 1.00 X 0 0 0 PEGGY KOENIG BOARD MEMBER 1.00 X 0 0 0 HEIDI RYDER BOARD MEMBER 1.00 X 0 0 0 JUNE YANG BOARD MEMBER 1.00 X 0 0 0 BERNARD CHERKASOV COO 40.00 X 237403 0 12957 KAREN GALLAHUE CFO 40.00 X 212240 0 27024 KAREN GRANT VP OF GIVING FACTORY DIRECT 40.00 X 203794 0 26754 ANN PERRY VP OF HUMAN RESOURCES 40.00 X 179218 0 25836 AUBREY HENDERSON ED OF BOSTON 40.00 X 199642 0 17959 MICHAL SMITH ED OF PHILADELPHIA 40.00 X 176436 0 13690 ARNAB CHAUDHURI DIGITAL PRODUCT DIRECTOR 40.00 X 147596 0 24883 1623292 0 158458 17 0 1 0 ISRAEL M DOLGIN ASSOCIATES BNB BANK LOCKBOX PO BOX 1125 CENTER MORICHES NY 11934 PHILADELPHIA WAREHOUSE RENT 191814 IAPPAREL BRANDS LLC PO BOX 88926 CHICAGO IL 60695 CHILDREN'S PRODUCT PURCHASE 126114 2 389453 36840452 21509077 37229905 247428 247428 7204156 7522355 -318199 -318199 -318199 LEASE TERMINATION REVENUE 900099 2900000 2900000 2900000 40059134 0 0 2829229 775156 392299 210969 171888 6545712 4943449 455736 1146527 137217 104432 8484 24301 1060645 785649 82082 192914 528144 385989 46949 95206 8719 6717 1702 300 33000 25421 6442 1137 21379 21379 48150 48150 426700 294394 109253 23053 603309 482647 120662 104944 71199 7999 25746 279121 95691 84914 98516 731516 655123 14709 61684 58946 43080 5240 10626 626865 411392 71164 144309 98504 71991 8756 17757 CHILDRENS PRODUCT 24733643 24733643 HOSTING FEES 477391 477391 EVENT EXPENSES 452897 345750 107147 TRUCK AND VAN 182185 182185 717942 386355 182989 148598 38652085 34894797 1366917 2390371 X 452897 345750 0 107147 10367221 4639682 435087 503897 2089586 2027321 132122 168282 17166361 3752878 11928380 13413483 6676186 12520975 363921 3070372 31992503 36344012 1697978 1254411 4145803 4036402 377071 3835474 6220852 9126287 X 24681138 26176181 1090513 1041544 25771651 27217725 31992503 36344012 X 1407049 52725 -13700 X X 0 1 X 1 0 X 26011704 26653668 19953849 32467756 37229905 142316882 26011704 26653668 19953849 32467756 37229905 142316882 142316882 142091 148966 102360 134316 247428 775161 1000000 2900000 3900000 146992043 0.96820 0.98650 X 21379 21379 38630706 38652085 1000000 250000 0 0 1000000 1000000 1500000 21379 21379 250000 250000 375000 2744840 2744840 7691536 604479 7087057 4017554 1268576 2748978 480380 295463 184917 2232051 1584360 647691 13413483 SECURITY DEPOSIT 77254 DEFERRED HOSTING ARRANGEMENT COSTS 127794 RIGHT-OF-USE OPERATING LEASE ASSET 2865324 3070372 OPERATING LEASE 3835474 3835474 X 40284798 52725 221089 273814 40010984 48150 48150 40059134 38825024 221089 221089 38603935 48150 48150 38652085 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE COMBINED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT MARCH 31, 2023. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. X X X 0 0 0 0 0 0 0 0 0 LYNN MARGHERIO CEO 238363 0 28600 0 0 0 7501 0 1854 0 276318 0 0 0 BERNARD CHERKASOV COO 214903 0 22500 0 0 0 4331 0 8626 0 250360 0 0 0 KAREN GALLAHUE CFO 188740 0 23500 0 0 0 6335 0 20689 0 239264 0 0 0 KAREN GRANT VP OF GIVING FACTORY DIRECT 184294 0 19500 0 0 0 6065 0 20689 0 230548 0 0 0 AUBREY HENDERSON ED OF BOSTON 187142 0 12500 0 0 0 0 0 17959 0 217601 0 0 0 ANN PERRY VP OF HUMAN RESOURCES 167718 0 11500 0 0 0 5147 0 20689 0 205054 0 0 0 MICHAL SMITH ED OF PHILADELPHIA 165436 0 11000 0 0 0 5064 0 8626 0 190126 0 0 0 ARNAB CHAUDHURI DIGITAL PRODUCT DIRECTOR 141096 0 6500 0 0 0 4194 0 20689 0 172479 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA) 043431814 2019-01-31 4400000 CONSTRUCTION OF NEWTONVILLE PROPERTY 0 0 0 A 287669 4400000 85913 4314087 2020 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 21509077 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CEO AND CFO REVIEW AND APPROVE ALL THE LINE ITEMS ON THE FORM 990. ONCE APPROVED, AN ELECTRONIC VERSION OF THE FORM 990 IS EMAILED TO EACH BOARD MEMBER FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL NATIONAL BOARD MEMBERS, KEY EMPLOYEES, OFFICERS AND ALL OTHERS INVOLVED WITHIN THE ORGANIZATION ARE AWARE OF THE CONFLICT OF INTEREST POLICY OF THE ORGANIZATION, WHICH IS REVIEWED BY THE GOVERNANCE COMMITTEE. ANY EMPLOYEE, NATIONAL BOARD MEMBER OR OTHERS WITHIN THE ORGANIZATION THAT BELIEVES A CONFLICT OF INTEREST EXISTS IS REQUIRED TO DISCUSS IT WITH THE CEO, WHO IN TURN WILL DISCUSS WITH THE NATIONAL BOARD. IN ADDITION, ALL NATIONAL BOARD MEMBERS ARE REQUIRED TO ANNUALLY SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF KEY EMPLOYEES INCLUDING OFFICERS, MEMBER OF THE EXECUTIVE TEAM AND EXECUTIVE DIRECTORS IS DETERMINED BY THE HUMAN RESOURCE COMMITTEE OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS AND ITS CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 IS LOCATED ON BOTH THE GUIDESTAR AND CHARITY NAVIGATOR WEBSITES AS WELL AS ON THE CRADLES TO CRAYONS WEBSITE. UPON REQUEST, THE ORGANIZATION WILL SEND ELECTRONICALLY OR MAIL A COPY OF THE FORM 1023, AUDITED FINANCIAL STATEMENTS OR 990 TO THE REQUESTING PARTY. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -13,700. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.