Spruce Street Nursery School
- Assets
- $4.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Boston, MA
- Founding
- 06/2000
- Data as of
- 06/2023
- 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 06/2023, Spruce Street Nursery School employed 17 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 06/2023, Spruce Street Nursery School generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 6.4% per year over the past 8 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
2023
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 | $161,439 |
Leslie Rhodes Assistant Director | OfficerTrustee | 40 | $101,734 |
Spencer Haught Director | Trustee | 1 | $0 |
Caroline Hayes Chair/director | OfficerTrustee | 1 | $0 |
Sam Spirn Director | Trustee | 1 | $0 |
Nicholas Vantzelfde Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $214,054 |
| Related organizations | $0 |
| Government grants | $172,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,292 |
| Noncash contributions included in lines 1a–1f | $110,176 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,989 |
| Total Program Service Revenue | $1,666,104 |
| Investment income | $66,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$62,318 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,314,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $256 |
| Grants and other assistance to domestic individuals. | $11,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $490,844 |
| Compensation of current officers, directors, key employees. | $321,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $739,677 |
| Pension plan accruals and contributions | $8,408 |
| Other employee benefits | $141,868 |
| Payroll taxes | $81,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,627 |
| Advertising and promotion | $4,677 |
| Office expenses | $78,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,159 |
| 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 | $32,568 |
| Insurance | $21,239 |
| All other expenses | $0 |
| Total functional expenses | $1,994,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,229 |
| Savings and temporary cash investments | $2,765,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,615 |
| 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 | $34,382 |
| Net Land, buildings, and equipment | $330,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,003,330 |
| Total assets | $4,198,131 |
| Accounts payable and accrued expenses | $68,710 |
| Grants payable | $0 |
| Deferred revenue | $323,020 |
| 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 | $1,027,846 |
| Total liabilities | $1,419,576 |
| Net assets without donor restrictions | $2,778,555 |
| 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 | $4,198,131 |