Grace Neighborhood Nursery School
- Assets
- $353.6k
- Revenue
- $667.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Minneapolis, MN
- Founding
- 06/2009
- Data as of
- 08/2022
- EIN
- 26-4760429
Organization Overview
Grace Neighborhood Nursery School is located in Minneapolis, MN. The organization was established in 2009. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 08/2022, Grace Neighborhood Nursery School employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Neighborhood 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 08/2022, Grace Neighborhood Nursery School generated $667.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $586.7k during the year ending 08/2022. While expenses have increased by 4.4% 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
GRACE NEIGHBORHOOD NURSERY SCHOOL IS A PLAY-BASED PRESCHOOL PROGRAM THAT HAS BEEN SERVING THE MINNEAPOLIS COMMUNITY FOR 59 YEARS. OUR MISSION IS TO PROVIDE A HIGH-QUALITY, NURTURING, EDUCATIONAL EXPERIENCE FOR PRESCHOOL CHILDREN OF DIVERSE BACKGROUNDS. THROUGH OUR SCHOLARSHIP PROGRAM WE ASPIRE TO SERVE MANY CHILDREN WHO WOULD OTHERWISE NOT BE ABLE TO HAVE THIS TYPE OF EXPERIENCE IN EARLY CHILDHOOD. OUR GOAL IS TO RAISE ENOUGH FUNDS EACH YEAR THAT 20% OR MORE OF GRACE STUDENTS CAN RECEIVE TUITION ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE NEIGHBORHOOD NURSERY SCHOOL SERVED A TOTAL OF 68 CHILDREN IN OUR HALF DAY CLASSES IN THE 2021-22 SCHOOL YEAR. OUR LICENSED CAPACITY IS 66 CHILDREN IN THE BUILDING AT ONE TIME. THE SCHOOL YEAR WAS COMPRISED OF 172 DAYS FROM SEPTEMBER - JUNE. WE FOLLOWED COVID 19 PROTOCOLS AND DID NOT HAVE TO CLOSE SCHOOL FOR COVID QUARANTINING. TOTAL EXPENSES FOR THE YEAR WERE $549,577. FOUR CHILDREN WERE AWARDED SCHOLARSHIPS FOR A TOTAL OF $16,874.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Murphy Executive Director | Officer | 40 | $69,756 |
Allison Salzman Director | Trustee | 1 | $0 |
Abby Kerl Director | Trustee | 1 | $0 |
Megan Kosewski Director | Trustee | 1 | $0 |
Kelly Henry Director | Trustee | 1 | $0 |
Annie Meister Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,993 |
| Related organizations | $0 |
| Government grants | $98,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,661 |
| Total Program Service Revenue | $485,285 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $667,066 |
| 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. | $83,195 |
| Compensation of current officers, directors, key employees. | $24,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,579 |
| Payroll taxes | $24,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $13,678 |
| Information technology | $1,795 |
| Royalties | $0 |
| Occupancy | $61,518 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,708 |
| Insurance | $13,726 |
| All other expenses | $13,328 |
| Total functional expenses | $586,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$36 |
| 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 |
| Net Land, buildings, and equipment | $9,423 |
| Investments—publicly traded securities | $243,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,420 |
| Total assets | $353,604 |
| Accounts payable and accrued expenses | $3,869 |
| Grants payable | $5,420 |
| Deferred revenue | $39,248 |
| 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 | $0 |
| Total liabilities | $48,537 |
| Net assets without donor restrictions | $305,067 |
| 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 | $353,604 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Grace Neighborhood Nursery School has recieved totaling $7,859.
| Awarding Organization | Amount |
|---|---|
Head Foundation Minnetonka, MN PURPOSE: GENERAL SUPPORT | $5,000 |
Russell T Lund Charitable Trust Milwaukee, WI PURPOSE: GENERAL OPERATING | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Think Small Saint Paul, MN | $8,024,590 | $30,547,585 |
Providers Choice Inc Minneapolis, MN | $4,205,480 | $24,736,652 |
Child Care Resource And Referral Inc Rochester, MN | $8,853,289 | $18,520,404 |
Children And Families Of Iowa Des Moines, IA | $18,712,609 | $16,514,094 |
Encompass Early Education And Care Inc Green Bay, WI | $8,419,390 | $8,397,899 |
St Joseph Academy Inc Milwaukee, WI | $7,083,434 | $6,157,567 |
Apple Tree Childrens Center Inc Sioux Falls, SD | $1,444,278 | $5,832,493 |
Wisconsin Youth Company Inc Madison, WI | $3,766,489 | $5,762,746 |
Ebenezer Child Care Centers Inc West Allis, WI | $4,255,096 | $4,885,385 |
Milestones Programs For Children Inc Milwaukee, WI | $3,473,395 | $4,940,106 |
Community United Child Care Centers Inc Cedar Falls, IA | $5,039,004 | $5,135,124 |
Charlie Brown Community Day Care Center Mason City, IA | $5,429,986 | $4,997,843 |