Spruce Street Nursery School
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Boston, MA
- Founding
- 06/2000
- Data as of
- 06/2022
- EIN
- 04-3326852
Organization Overview
Spruce Street Nursery School is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Spruce Street Nursery School employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spruce Street Nursery School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Spruce Street Nursery School generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A NURSERY SCHOOL ENVIRONMENT THAT SUPPORTS THE DEVELOPMENT OF YOUNG CHILDREN AND FOSTERS CREATIVE THINKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRUCE STREET NURSERY SCHOOL PROVIDES A JOYOUS EARLY LEARNING EXPERIENCE FOR CHILDREN 2 THROUGH 5 YEARS, AND ACCOMMODATES A MAXIMUM OF 49 CHILDREN AT ANY GIVEN TIME IN 4 SEPARATE CLASSES. BY MAINTAINING A TEACHER TO CHILD RATIO OF 1 TO 4.5 THROUGHOUT THE SCHOOL, A NURTURING NURSERY SCHOOL ENVIRONMENT WHERE EACH CHILD'S INDIVIDUAL DEVELOPMENT IS GIVEN THOUGHTFUL ATTENTION.FROM SEPTEMBER THROUGH JUNE, THE SCHOOL PROVIDES A MONDAY - FRIDAY NURSERY SCHOOL CURRICULUM FROM 8:30 AM TO 1:00 PM, WITH EARLY DROP OFF AND EXTENDED DAY OPTIONS AVAILABLE. A MODIFIED CURRICULUM IS AVAILABLE IN JUNE, JULY AND AUGUST THROUGH THE SCHOOL'S "SUMMER CAMP".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Guevin Executive Director | OfficerTrustee | 45 | $154,818 |
Leslie Rhodes Assistant Director | OfficerTrustee | 30 | $102,081 |
Caroline Hayes Chair/director | OfficerTrustee | 1 | $0 |
Melinda Barber Treasurer/director | OfficerTrustee | 1 | $0 |
Sam Spirn Director | Trustee | 1 | $0 |
Morgan Holzarpfel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $168,724 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,764 |
| Noncash contributions included in lines 1a–1f | $89,436 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,488 |
| Total Program Service Revenue | $1,552,153 |
| Investment income | $6,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$39,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,871,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,900 |
| Grants and other assistance to domestic individuals. | $30,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $336,642 |
| Compensation of current officers, directors, key employees. | $159,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $715,347 |
| Pension plan accruals and contributions | $9,370 |
| Other employee benefits | $136,954 |
| Payroll taxes | $69,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,203 |
| Advertising and promotion | $4,901 |
| Office expenses | $61,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,253 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,436 |
| Insurance | $20,888 |
| All other expenses | $0 |
| Total functional expenses | $1,703,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $955 |
| Savings and temporary cash investments | $2,216,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,888 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,311 |
| Net Land, buildings, and equipment | $360,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,860 |
| Total assets | $2,884,052 |
| Accounts payable and accrued expenses | $72,803 |
| Grants payable | $0 |
| Deferred revenue | $210,705 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,507 |
| Total liabilities | $410,015 |
| Net assets without donor restrictions | $2,474,037 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,884,052 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Spruce Street Nursery School has recieved totaling $10,786.
| Awarding Organization | Amount |
|---|---|
Ausolus Tr Boston, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Barr Foundation Boston, MA PURPOSE: MATCHING GIFTS PROGRAM: FOR UNRESTRICTED SUPPORT | $3,000 |
Richard K Lubin Family Foundation Boston, MA PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $286 |
Endowment Analysis
| Beg. Balance | $11,498 |
| Net Contributions | $2,160 |
| Other Expense | $9,416 |
| Ending Balance | $4,242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Architectural College Boston, MA | $43,735,977 | $21,122,754 |
Rabbi Isaac Elchanan Theological Seminary New York, NY | $154,914,739 | $24,312,479 |
Webb Institute Glen Cove, NY | $108,979,783 | $22,554,419 |
Sackler School Of Medicine New York, NY | $3,810,351 | $9,320,787 |
New York Academy Of Art New York, NY | $18,557,370 | $9,146,405 |
Auburn Theological Seminary New York, NY | $28,146,377 | $5,237,023 |
Hartford International University For Religion And Peace Hartford, CT | $70,630,501 | $3,322,795 |
Massachusetts School Of Law At Andover Andover, MA | $10,679,528 | $4,847,415 |
New York Theological Seminary New York, NY | $2,378,321 | $4,439,036 |
Yeshiva Derech Chaim Brooklyn, NY | $2,751,947 | $4,396,697 |
Yeshiva Gedolah Rabbinical West Haven, CT | $3,945,366 | $3,943,567 |
New York College Of Traditional Chinese Medicine Mineola, NY | $5,746,257 | $4,024,503 |