Parsons Child & Family Center in Albany, New York (NY)

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Parsons Child & Family Center
Employer Identification Number (EIN)146029900
Name of OrganizationParsons Child & Family Center
Address60 Academy Rd, Albany, NY 12208-3103
ActivitiesOther school related activities, Aid to the handicapped (see also 031), Other housing activities
SubsectionCharitable Organization
Ruling Date01/1946
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2007
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$20,923,922
Amount of Income$29,501,722
Form 990 Revenue Amount$28,718,713
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Children's, Youth Services


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Amount of income in 2007: $29,501,722
Parsons Child & Family Center: 

 $29,501,722
Other organizations performing similar types of work: 

 $1,921,542

Assets in 2007: $20,923,922
Parsons Child & Family Center: 

 $20,923,922
Other organizations performing similar types of work: 

 $1,502,293

Expenses in 2007: $32,660,257
Parsons Child & Family Center: 

 $32,660,257
Other organizations performing similar types of work: 

 $2,047,650

Income to expenses ratio in 2007: 1.0
Parsons Child & Family Center: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 89.9%
This organization: 

 89.9%
Other organizations performing similar types of work: 

 85.1%

Number of employees in 2007: 578
Parsons Child & Family Center: 

 578
Other organizations performing similar types of work: 

 53

Employees paid over $50,000 in 2007: 9.3%
Parsons Child & Family Center: 

 9.3%
Other organizations performing similar types of work: 

 5.4%

Grants share in income in 2007: 1.1%
Parsons Child & Family Center: 

 1.1%
Other organizations performing similar types of work: 

 4.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$22,493,544$23,933,209$25,778,675$27,019,086$26,641,962$27,257,050$28,718,713$33,221,597
Contributions, gifts, grants, and similar amounts received$2,311,598$331,641$308,801$3,019,975$368,842$392,435$523,856$378,232
Contributions to donor advised funds$0$0
Direct public support$285,262$306,740$298,457$481,787$358,854$382,701$495,789$345,538
Indirect public support$25,262$24,901$10,344$9,270$9,988$9,734$28,067$32,694
Government contributions (grants)$2,001,074$0$0$2,528,918$0$0$0$0
Program service revenue including government fees and contracts$19,568,818$23,713,137$25,493,192$23,519,931$25,944,377$26,404,698$27,803,160$32,198,949
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$17,650$2,882$77$2,313$154$342$17,092$0
Dividends and interest from securities$276,622$204,745$159,923$162,574$178,486$235,357$286,611$439,367
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$303,138$-355,147$-241,192$227,859$169,290$241,030$27,753$197,060
Gross amount from sales of assets other than inventory$1,870,245$661,827$902,244$2,395,586$913,458$2,931,069$744,957$3,524,131
Less: cost or other basis and sales expenses$1,567,107$1,016,974$1,143,436$2,167,727$744,168$2,690,039$717,204$3,327,071
Net income or (loss) from special events and activities$15,718$35,951$57,874$86,434$-19,187$-16,812$60,241$7,989
Gross revenue$81,443$106,072$115,576$145,265$11,708$18,582$126,046$55,231
Less: direct expenses other than fundraising expenses$65,725$70,121$57,702$58,831$30,895$35,394$65,805$47,242
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$22,045,637$24,581,085$26,091,659$27,214,796$27,146,348$27,008,385$28,507,970$32,660,257
Program services$19,805,929$22,115,936$23,492,254$24,407,256$24,267,672$24,146,408$25,444,723$29,346,070
Management and general$2,105,098$2,331,982$2,463,726$2,636,349$2,695,079$2,710,502$2,901,063$3,235,502
Fundraising$134,610$133,167$135,679$171,191$183,597$151,475$162,184$78,685
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$12,425,266$11,310,067$11,179,043$11,232,113$9,651,146$9,418,508$8,543,442$6,950,908
Excess or (deficit) for the year$447,907$-647,876$-312,984$-195,710$-504,386$248,665$210,743$561,340
Net assets or fund balances at beginning of year$12,820,988$12,425,266$11,310,067$11,179,043$11,232,113$9,651,146$9,418,508$8,543,442
Other changes in net assets or fund balances$-843,629$-467,323$181,960$248,780$-1,076,581$-481,303$-1,085,809$-2,153,874
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$32,660,257$29,346,070$3,235,502$78,685
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$2,157,221
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$672,691$0$672,691$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$18,466,086$16,976,539$1,442,792$46,755
Pension plan contributions not included above$1,848,712$1,683,529$160,832$4,351
Employee benefits not included above$2,050,363$1,840,765$206,066$3,532
Payroll taxes$1,420,181$1,263,961$152,953$3,267
Professional fundraising fees$0$0$0$0
Accounting fees$47,315$0$47,315$0
Legal fees$15,846$0$15,846$0
Supplies$1,125,214$1,018,064$105,652$1,498
Telephone$162,645$153,074$9,336$235
Postage and shipping$38,581$33,377$4,295$909
Occupancy$1,155,220$1,127,979$26,087$1,154
Equipment rental and maintenance$392,930$333,992$54,531$4,407
Printing and publications$56,980$41,061$14,634$1,285
Travel$551,983$538,238$13,302$443
Conferences, conventions, and meetings$41,111$39,079$2,032$0
Interest$0$0$0$0
Depreciation, depletion, etc.$565,069$510,041$55,028$0
Other expenses not covered above$1,892,109$1,629,150$252,110$10,849
Balance Sheets
20002001200220032004200520062007
Total assets$19,605,163$17,940,666$18,884,876$18,751,021$18,493,940$19,927,829$20,923,922$21,356,395
Cash - non-interest-bearing$5,531$0$18,200$226,280$127,148$113,498$53,340$21,590
Savings and temporary cash investments$651,861$182,671$944,634$154,976$723,224$2,177,447$1,766,529$1,433,693
Accounts receivable less allowance for doubtful accounts$3,522,758$3,828,139$3,509,741$4,442,812$3,914,693$3,902,654$4,381,291$5,247,289
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$1,231,998$853,982$807,541$301,324$161,576$166,471$217,142$210,342
Investments - publicly-traded securities$4,587,104$3,823,430
Investments - other securities$6,711,551$5,882,448$5,786,207$6,345,826$6,480,509$6,733,279$2,789,853$3,006,447
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$99,210$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$7,359,846$7,099,028$7,499,588$7,180,593$6,983,552$6,712,011$6,425,382$6,747,554
Other assets, including program-related investments$121,618$94,398$318,965$0$103,238$122,469$703,281$866,050
Total liabilities$7,179,897$6,630,599$7,705,833$7,518,908$8,842,794$10,509,321$12,380,480$14,405,487
Accounts payable and accrued expenses$3,905,874$4,118,679$4,777,425$5,066,214$5,285,853$6,380,285$6,923,091$8,123,218
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$3,274,023$2,511,920$2,928,408$2,452,694$2,212,079$2,111,036$1,970,037$1,846,258
Other liabilities$0$0$0$0$1,344,862$2,018,000$3,487,352$4,436,011
Total liabilities and net assets/fund balances$19,605,163$17,940,666$18,884,876$18,751,021$18,493,940$19,927,829$20,923,922$21,356,395
Total net assets or fund balances$12,425,266$11,310,067$11,179,043$11,232,113$9,651,146$9,418,508$8,543,442$6,950,908
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$22,493,544$23,933,209$25,778,675$27,019,086$26,641,962$27,257,050$28,718,713$33,221,597
Total revenue, gains, and other support per audited financial statements$21,711,308$23,528,100$26,006,585$27,316,684$26,747,299$27,247,421$29,459,983$32,387,709
Other expenses$-782,236$-405,109$227,910$297,598$105,337$-9,629$741,270$-833,888
Net unrealized gains on investments$-847,961$-475,230$170,208$238,767$74,442$-45,023$675,465$-881,130
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$65,725$70,121$57,702$58,831$30,895$35,394$65,805$47,242
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$22,045,637$24,581,085$26,091,659$27,214,796$27,146,348$27,008,385$28,507,970$32,660,257
Total expenses and losses per audited financial statements$22,111,362$24,651,206$26,149,361$27,273,627$27,177,243$27,043,779$28,573,775$32,707,499
Other revenue$65,725$70,121$57,702$58,831$30,895$35,394$65,805$47,242
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$65,725$70,121$57,702$58,831$30,895$35,394$65,805$47,242
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
38$94,584$13,558$0
38$145,335$12,081$0
38$104,961$7,347$0
38$93,060$10,430$0
38$84,748$9,848$0
38$90,081$6,658$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings28
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006578
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$644,416$32,198,949
Program service revenue
Program service revenue 1000000$000$0$68,059
Program service revenue 2000000$000$0$29,491
Program service revenue 3000000$000$0$9,428
Program service revenue 4000000$000$0$410
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$721,141
Fees and contracts from government agencies000000$000$0$31,370,420
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$439,367$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$197,060$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$7,989$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
141653434100%$25,984$144,017
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$175,198$22,465$0
$130,361$16,628$0
$106,356$15,504$0
$96,766$10,459$0
$90,082$15,438$0
Total number of other employees paid over $50,00043
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$22,489,954$22,256,131$24,358,477$26,077,569$26,850,058$26,503,567$27,051,414$28,756,765
Gifts, grants, and contributions received$2,252,423$2,311,598$331,641$308,801$3,019,975$368,842$392,435$523,856
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$19,982,407$19,650,261$23,819,209$25,608,768$23,665,196$25,956,085$26,423,280$27,929,206
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$255,124$294,272$207,627$160,000$164,887$178,640$235,699$303,703
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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2New York Foundling Hospital, Attn Payroll590 Ave Of The Americas, New York, NY 10011-2019NY1946-03$125,709,687
3Hillside Childrens Center, Vp Financial Services1183 Monroe Ave, Rochester, NY 14620-1662NY1955-06$101,339,794
4Harlem Childrens Zone Inc35 E 125th St, New York, NY 10035-1816NY1971-10$83,047,551
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6Under 21, Covenant House New York460 W 41st St, New York, NY 10036-6801NY1982-09$18,414,761
7United Activities Unlimited1000 Richmond Ter Bldg P 3rd Fl, Staten Island, NY 10301-1114NY1978-03$5,069,253
8Schoharie County Child Development Council Inc114 Lark St, Cobleskill, NY 12043-3846NY1982-08$2,844,418
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11Suffolk Network On Adolescent Pregnancy, Snap Long IslandPO BOX 5109, Bay Shore, NY 11706-0082NY1992-11$1,297,119
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Number of organizations performing similar types of work
Alaska3
Alabama5
Arkansas5
Arizona6
California74
Colorado7
Connecticut7
District of Columbia6
Delaware1
Florida24
Georgia12
Hawaii1
Iowa5
Idaho2
Illinois36
Indiana16
Kansas5
Kentucky5
Louisiana5
Massachusetts18
Maryland8
Maine6
Michigan16
Minnesota9
Missouri9
Mississippi1
Montana2
North Carolina12
Nebraska3
New Jersey14
New Mexico8
Nevada3
New York53
Ohio18
Oklahoma15
Oregon12
Pennsylvania29
South Carolina2
South Dakota1
Tennessee7
Texas20
Utah1
Virginia10
Vermont2
Washington8
Wisconsin12
West Virginia3
Wyoming1
International1
Total529

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