Abbott Nursery Inc is located in East Lansing, MI. The organization was established in 1969. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Abbott Nursery Inc employed 7 individuals. This organization is the central organization for a national or regional group of organizations. Abbott Nursery Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Abbott Nursery Inc generated $198.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $137.1k during the year ending 06/2022. 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
TEACH PRESCHOOL CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACH PRESCHOOL CHILDREN
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julie Tobin President | Officer | 1 | $0 |
Karenn Vernagus Treasurer | Officer | 5 | $0 |
Sarah Southwell Secretary | Officer | 1 | $0 |
Kellie Hagan Director | Trustee | 1 | $0 |
Kathleen Fehrenbach Director | Trustee | 1 | $0 |
Jaqueline Titus Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $184 |
Related organizations | $0 |
Government grants | $30,023 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $30,207 |
Total Program Service Revenue | $167,688 |
Investment income | $130 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $198,025 |
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. | $42,251 |
Compensation of current officers, directors, key employees. | $1,451 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $59,816 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,808 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $875 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,751 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,486 |
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 | $0 |
Insurance | $2,235 |
All other expenses | $0 |
Total functional expenses | $137,139 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $131,489 |
Savings and temporary cash investments | $77,133 |
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 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $208,622 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $40,616 |
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 | $40,616 |
Net assets without donor restrictions | $168,006 |
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 | $208,622 |
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