Organizations Filed Purposes:
THE CHILDREN'S INVESTMENT FUND'S (CIF) PRIMARY PURPOSE IS TO IMPROVE THE QUALITY OF AND EXPAND ACCESS TO EARLY LEARNING AND SCHOOL-AGE CHILD CARE PROGRAMS FOR LOW AND MODERATE-INCOME FAMILIES. IN ORDER TO BROADEN THE IMPACT OF ITS WORK CIF ALSO SEEKS TO SUPPORT AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES THROUGH PLACE-BASED TWO-GENERATION AND OTHER STRATEGIES THAT RESULT IN SAFER, HEALTHIER AND MORE STABLE ENVIRONMENTS IN WHICH TO RAISE YOUNG CHILDREN.
THE FACILITIES GRANT PROGRAM ENABLES THE FUND TO PROVIDE GRANT CAPITAL TO PROVIDERS TO FUND THE COST OF FACILITIES IMPROVEMENTS. DURING FISCAL YEARS 2020 AND 2019, THE FUND PROVIDED PLANNING GRANTS TO EARLY CHILDHOOD EDUCATION AND OUT-OF-SCHOOL TIME PROVIDERS ACTIVELY PLANNING A CAPITAL FACILITY PROJECT.
THROUGH THE TECHNICAL ASSISTANCE AND LENDING PROGRAM, THE FUND PROVIDES A FULL RANGE OF FINANCING AND TECHNICAL SERVICES OPTIONS FOR EARLY EDUCATION AND OUT-OF-SCHOOL TIME PROVIDERS SEEKING TO CONSTRUCT OR IMPROVE THEIR FACILITIES. IN ADDITION TO PROVIDING TECHNICAL EXPERTISE, THE FUND OFFERS PREDEVELOPMENT, SITE ACQUISITION, CONSTRUCTION LOANS, AND TERM LOANS TO HELP FINANCE THE COST OF DEVELOPING LARGER CAPITAL PROJECTS, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT ON FLEXIBLE LOAN TERMS THAT MEET THE NEEDS OF CHILD CARE PROVIDERS OF ALL SIZES.
THE EARLY EDUCATION AND OUT OF SCHOOL TIME (EEOST) CAPITAL FUND PROGRAM WAS FIRST AUTHORIZED BY THE MASSACHUSETTS LEGISLATURE AS PART OF THE 2013 COMMUNITY DEVELOPMENT CAPITAL BOND BILL. IN MAY 2018, EEOST WAS RE-AUTHORIZED BY THE LEGISLATURE AS PART OF THE HOUSING CAPITAL BOND BILL. EACH OF THE BOND BILLS HAVE AUTHORIZED THE ISSUANCE OF UP TO $45 MILLION IN GENERAL OBLIGATION BONDS, SUBJECT TO ANNUAL ALLOCATIONS DETERMINED BY THE EXECUTIVE OFFICE FOR ADMINISTRATION AND FINANCE. ANNUAL EEOST ALLOCATIONS THROUGH JUNE 30, 2020, HAVE TOTALED APPROXIMATELY $34 MILLION. THE PURPOSE OF EEOST IS TO PROVIDE CAPITAL GRANTS OR LOANS TO LICENSED CENTER-BASED NONPROFIT EARLY EDUCATION AND OUT-OF-SCHOOL TIME PROGRAMS TO FUND FACILITY ACQUISITION, DESIGN, CONSTRUCTION AND/OR RENOVATION. THE FUND, UNDER CONTRACT WITH CEDAC, UNDERWRITES, CLOSES AND DISBURSES THE GRANT FUNDS AWARDED BY THE DEPARTMENT OF EARLY EDUCATION AND CARE (EEC).
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Sara Schnorr | CORPORATE CLERK | 1 | $0 |
| John Gardiner | BOARD MEMBER (LEFT DURING FY20) | 1 | $0 |
| Prabal Chakrabarti | BOARD MEMBER (LEFT DURING FY20) | 1 | $0 |
| Anne Douglass | BOARD MEMBER | 1 | $0 |
| Sharon Scott-Chandler | BOARD MEMBER | 1 | $0 |
| Richard Muraida | BOARD MEMBER | 1 | $0 |
| Amy O'Leary | BOARD MEMBER | 1 | $0 |
| Leslie Reid | BOARD MEMBER | 1 | $0 |
| Renee Boynton-Jarrett | BOARD MEMBER | 1 | $0 |
| Karley Ausiello | BOARD MEMBER | 1 | $0 |
| Joan Kagan | BOARD MEMBER | 1 | $0 |
| Wayne Ysaguirre | BOARD MEMBER | 1 | $0 |
| Margaret Sprague | PRESIDENT | 1.5 | $0 |
| Michael Lindstrom | VICE PRESIDENT | 1.5 | $0 |
| Carl Sussman | BOARD MEMBER | 1 | $0 |
| Khushbu Webber | BOARD MEMBER | 1 | $0 |
| Pam Feingold | TREASURER | 1.5 | $0 |
| Bruce Figueroa | BOARD MEMBER | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202012889349301296_public.xml