Grace Playschool Inc
- Assets
- $164.8k
- Revenue
- $305.1k
- Investments
- $0.0
- Employees
- 12
- Location
- Lynbrook, NY
- Founding
- 01/1992
- Data as of
- 06/2020
- EIN
- 11-2995340
Organization Overview
Grace Playschool Inc is located in Lynbrook, NY. The organization was established in 1992. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2020, Grace Playschool Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Playschool Inc 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 06/2020, Grace Playschool Inc generated $305.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $300.5k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A RELAXED PLAYFUL ENVIRONMENT THAT WILL ENCOURAGE CHILDREN TO DEVELOP SKILLS NEEDED FOR FURTHER EDUCATION AND TO FUNCTION IN A GROUP AND BUILD SELF ESTEEM. GRACE PLAYSCHOOL EDUCATED AND NURTURED 72 CHILDREN DURING THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE PLAYSCHOOL KEEPS HIGH STANDARDS IN A QUALITY PROGRAM IN WHICH CHILDREN ARE EXPOSED TO ACTIVITIES WHICH ARE AGE APPROPRIATE. YOUNG CHILDREN LEARN THROUGH PLAY. PLAY EXPERIENCES HELP THE CHILD DEVELOP IN FOUR MAIN AREAS: PHYSICALLY SOCIALLY EMOTIONALLY AND INTELLECTUALLY. THROUGH PLAY THE GRACE PLAYSCHOOL CHILDREN BEGIN TO RELATE TO EACH OTHER TO SHARE AND TO FEEL COMFORTABLE IN A HAPPY SAFE CARING ENVIRONMENT. THE GRACE PLAYSCHOOL TEACHERS RECOGNIZE THE INDIVIDUALITY OF EACH CHILD; THEY HELP THE CHILD CONSTRUCT THEIR OWN KNOWLEDGE OF THE WORLD AROUND THEM USING THEIR SENSES AND EXPERIMENTATION WHILE IMPROVING THEIR LANGUAGE SKILLS. IN A RELAXED ATMOSPHERE CHILDREN LEARN TO ACCEPT DIFFERENCES IN EACH OTHER AND HAVE COMPASSION FOR OTHERS AND THINGS AROUND THEM IN NATURE. ALL OF THIS BUILDS SELF-ESTEEM IN THE CHILD GIVING HIM HER A HAPPY WELL-ADJUSTED FEELING WHILE ENJOYING AND HAVING FUN IN A SCHOOL ENVIRONMENT. PARENTS SHARE IN THE WORKINGS OF THE SCHOOL.
GRACE PLAYSCHOOL KEEPS HIGH STANDARDS IN A QUALITY PROGRAM IN WHICH CHILDREN ARE EXPOSED TO ACTIVITIES WHICH ARE AGE APPROPRIATE. YOUNG CHILDREN LEARN THROUGH PLAY. PLAY EXPERIENCES HELP THE CHILD DEVELOP IN FOUR MAIN AREAS: PHYSICALLY SOCIALLY EMOTIONALLY AND INTELLECTUALLY. THROUGH PLAY THE GRACE PLAYSCHOOL CHILDREN BEGIN TO RELATE TO EACH OTHER TO SHARE AND TO FEEL COMFORTABLE IN A HAPPY SAFE CARING ENVIRONMENT. THE GRACE PLAYSCHOOL TEACHERS RECOGNIZE THE INDIVIDUALITY OF EACH CHILD; THEY HELP THE CHILD CONSTRUCT THEIR OWN KNOWLEDGE OF THE WORLD AROUND THEM USING THEIR SENSES AND EXPERIMENTATION WHILE IMPROVING THEIR LANGUAGE SKILLS. IN A RELAXED ATMOSPHERE CHILDREN LEARN TO ACCEPT DIFFERENCES IN EACH OTHER AND HAVE COMPASSION FOR OTHERS AND THINGS AROUND THEM IN NATURE. ALL OF THIS BUILDS SELF-ESTEEM IN THE CHILD GIVING HIM HER A HAPPY WELL-ADJUSTED FEELING WHILE ENJOYING AND HAVING FUN IN A SCHOOL ENVIRONMENT. PARENTS SHARE IN THE WORKINGS OF THE SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Farley Vice President | OfficerTrustee | 1.5 | $8,193 |
Natalie Martinez Co-President | OfficerTrustee | 2.5 | $0 |
Christina Kollbeck Co-President | OfficerTrustee | 2.5 | $0 |
Donna Roventini Financial Secretary | OfficerTrustee | 2.5 | $0 |
Rachael Filoteo Secretary | OfficerTrustee | 1 | $0 |
Clare Oshaughnessy Board Member | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,680 |
| Payroll taxes | $16,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,119 |
| Information technology | $1,685 |
| Royalties | $0 |
| Occupancy | $49,477 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,128 |
| All other expenses | $0 |
| Total functional expenses | $300,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,368 |
| Savings and temporary cash investments | $136,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,765 |
| Accounts payable and accrued expenses | -$762 |
| Grants payable | $0 |
| Deferred revenue | $28,411 |
| 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 | $17,600 |
| Total liabilities | $45,249 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $119,516 |
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|---|---|---|
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L I Child And Family Development Services Inc Patchogue, NY | $8,673,836 | $20,972,293 |
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
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Ocean Community Economic Action Now Inc Toms River, NJ | $23,267,325 | $17,288,435 |
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