Charlestown Cooperative Nurseryschool Inc
- Assets
- $2.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Charlestown, MA
- Founding
- 08/2007
- Data as of
- 06/2023
- EIN
- 20-8277040
Organization Overview
Charlestown Cooperative Nurseryschool Inc is located in Charlestown, MA. The organization was established in 2007. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Charlestown Cooperative Nurseryschool Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlestown Cooperative Nurseryschool 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 06/2023, Charlestown Cooperative Nurseryschool Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 8.2% 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 PROMOTE AND CARRY OUT THE EDUCATION OF PRESCHOOL CHILDREN, 2.5-5 YEARS OR AGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARLESTOWN COOPERATIVE NURSERY SCHOOL ACHIEVED THE GOALS OF THE EXEMPT PURPOSE AS LISTED:1) TO PROMOTE AND CARRY OUT THE EDUCATION OF PRESCHOOL CHILDREN AGE 2.5-5 YEARS2) TO OFFER EDUCATIONAL ENRICHMENT FOR FAMILIES WITH CHILDREN AGES 0-53) TO OFFER THE NEIGHBORHOOD AN INDEPENDENT PRESCHOOL4) TO EDUCATE PRESCHOOL AGE CHILDREN BASED ON CURRENT EDUCATIONAL RESEARCH, ESPECIALLY THE REGGIO-EMILIA APPROACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Seney President | OfficerTrustee | 10 | $0 |
Elizabeth Chiu Vice President | OfficerTrustee | 5 | $0 |
Josh Bresler Treasurer | OfficerTrustee | 10 | $0 |
Jeanne Huang Assistant Treasurer | OfficerTrustee | 2 | $0 |
Karen Kerr Secretary | OfficerTrustee | 5 | $0 |
Brooke Aronson Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,500 |
| Related organizations | $0 |
| Government grants | $203,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,533 |
| Total Program Service Revenue | $1,539,439 |
| Investment income | $1,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,975,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $279,824 |
| Compensation of current officers, directors, key employees. | $39,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,036,808 |
| Pension plan accruals and contributions | $15,982 |
| Other employee benefits | $42,878 |
| Payroll taxes | $110,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,660 |
| Fees for services: Accounting | $19,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,908 |
| Office expenses | $14,363 |
| Information technology | $19,796 |
| Royalties | $0 |
| Occupancy | $171,982 |
| Travel | $3,826 |
| 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 | $27,116 |
| Insurance | $15,321 |
| All other expenses | $0 |
| Total functional expenses | $1,959,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $786,913 |
| Savings and temporary cash investments | $1,134,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,054 |
| 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 | $22,514 |
| Net Land, buildings, and equipment | $25,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $504,782 |
| Other assets | $7,000 |
| Total assets | $2,527,492 |
| Accounts payable and accrued expenses | $325,328 |
| Grants payable | $0 |
| Deferred revenue | $872,100 |
| 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 | $504,782 |
| Total liabilities | $1,702,210 |
| Net assets without donor restrictions | $825,282 |
| 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 | $2,527,492 |