PLOWSHARES EDUCATION DEVELOPMENT CE INC

EIN: 042578910 501(c)(3)

NEWTONVILLE, MA

Total Revenue
$2,752,467
Total Expenses
$1,988,475
Total Assets
$3,550,606
Net Assets
$3,137,584
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MA
Principal Officer
JOSEPHINE CARPINO
Phone
6175273755
Tax Period
2024-07-01 to 2025-06-30

PLOWSHARES EDUCATION DEVELOPMENT CE INC, founded in 1976, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $764K, a strong 28% operating margin.

Mission

TO PROVIDE THE HIGHEST QUALITY CHILD CARE POSSIBLE TO FAMILIES WHO LIVE AND/OR WORK IN NEWTON AND THE SURROUNDING COMMUNITIES; TO SUPPORT FAMILIES IN THE EDUCATION AND CARE OF THEIR YOUNG CHILDREN; TO PROMOTE COOPERATION AND EXCHANGE BETWEEN EXISTING CHILD CARE PROGRAMS; TO PUBLISH PROFESSIONAL CHILD CARE LITERATURE; TO PROVIDE TECHNICAL ASSISTANCE; TO ORGANIZE PARENT AND STAFF WORKSHOPS/TRAINING; AND TO ENCOURAGE PARENTAL INVOLVEMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $514,427
Program Service Revenue $2,130,210
Investment Income $107,830
Other Revenue $0
TOTAL REVENUE $2,752,467

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,804,176
Fundraising Expenses $0
Program Expenses $1,358,532
Other Expenses $184,299
TOTAL EXPENSES $1,988,475

Year-over-Year Comparison

2024 2023 Change
Revenue $2,752,467 $2,266,338 +0.2%
Expenses $1,988,475 $1,902,638 +0.0%
Net Income $763,992 $363,700 +1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
5
Employees
72
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$169,919
Total Directors
10
$425,329
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPHINE CARPINO EXECUTIVE DI 40.00
Officer Director
$147,315 $22,604 $169,919
DEBRA GALLAGHER DIRECTOR 40.00
Director
$111,889 $17,482 $129,371
ANGELA MARRA DIRECTOR 40.00
Director
$110,572 $15,467 $126,039
MIKE DAILEY DIRECTOR N/A
Director
$0 $0 $0
DONNA GALLAGHER DIRECTOR N/A
Director
$0 $0 $0
MARY KEBER PRESIDENT/CL N/A
Officer Director
$0 $0 $0
DIANE MARCOU TREASURER N/A
Officer Director
$0 $0 $0
MICHELLE RAMSDELL DIRECTOR N/A
Director
$0 $0 $0
JAMES ROBERTSON DIRECTOR N/A
Director
$0 $0 $0
KARA TEMPLE DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,752,467 $1,988,475 $3,550,606 $763,992
2024 $2,266,338 $1,902,638 $2,723,381 $363,700
2023 $2,149,985 $1,693,589 $2,156,545 $456,396
2022 $2,309,194 $1,316,909 $1,784,140 $992,285
2021 $1,004,284 $704,802 $1,081,726 $299,482
2020 $1,595,553 $1,917,862 $761,469 $-322,309
2019 $2,078,499 $1,949,881 $817,491 $128,618
2018 $1,981,772 $1,883,717 $690,301 $98,055
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