Aldrich Memorial Nursery School Inc
- Assets
- $2.1m
- Revenue
- $968.9k
- Investments
- $0.0
- Employees
- 41
- Location
- Rochester, MN
- Founding
- 01/1954
- Data as of
- 06/2022
- EIN
- 41-0726082
Organization Overview
Aldrich Memorial Nursery School Inc is located in Rochester, MN. The organization was established in 1954. 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, Aldrich Memorial Nursery School Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aldrich Memorial Nursery School 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 06/2022, Aldrich Memorial Nursery School Inc generated $968.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $984.3k during the year ending 06/2022. While expenses have increased by 3.2% 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
OUR MISSION IS TO PROVIDE AN INCLUSIVE, DEVELOPMENTALLY BASED PROGRAM THAT EQUALLY FOSTERS A CHILD'S SOCIAL/EMOTIONAL, PHYSICAL, COGNITIVE, AND LANGUAGE DEVELOPMENT, FOCUSING ON INTERACTIVE PLAY. WE PROVIDE A LEARNING ENVIRONMENT BASED ON DEVELOPMENTALLY APPROPRIATE EXPERIENCES IN ALL AREAS OF GROWTH. CHILDREN LEARN THROUGH EXPERIMENTATION, MANIPULATION, OBSERVATION, AND SOCIAL INTERACTION. TEACHERS PLAN THE CURRICULUM FOR THE NEEDS OF BOTH THE GROUP AND THE INDIVIDUAL CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALDRICH SERVES APPROXIMATELY 380 PRESCHOOL CHILDREN, PROVIDING THEM WITH AN EDUCATION BUILT ON THE FOUNDATION OF HANDS-ON LEARNING. WE STRIVE TO NURTURE THE WHOLE CHILD AND ENCOURAGE GROWTH IN ALL AREAS OF CHILD DEVELOPMENT, INCLUDING SOCIAL/EMOTIONAL, PHYSICAL, COGNITIVE, AND LANGUAGE. WE OFFER PROGRAMS FOR VARIOUS AGES, AND WE CURRENTLY SERVE APPROXIMATELY 60 2-YEAR-OLDS, 120 3-YEAR-OLDS, AND 200 4-YEAR-OLDS. PROGRAM OPTIONS INCLUDE HALF DAYS 2, 3, OR 5 DAYS PER WEEK AND FULL DAYS 2 OR 3 DAYS PER WEEK FOR SOME AGE GROUPS. IN ADDITION, WE OFFER ENRICHMENT CLASSES SUCH AS LITTLE CHEFS OR SPANISH TO SUPPLEMENT OUR TRADITIONAL PRESCHOOL CLASSES. PROGRAMS SUCH AS EARLY BIRD, LUNCH BUNCH, AND AN AFTER-SCHOOL KIDS' CLUB ENABLE PARENTS TO BUILD A FLEXIBLE SCHEDULE TO BEST FIT THE NEEDS OF EACH FAMILY. WE ALSO OFFER SIX WEEKS OF SUMMER SCHOOL WITH A VARIETY OF THEMES FOR 3 AND 4 YEAR OLDS, INCLUDING UP NORTH AT THE CABIN AND HOW THINGS WORK. OUR BOARD OF DIRECTORS COORDINATES VARIOUS FAMILY ACTIVITIES THROUGHOUT THE YEAR, INCLUDING PARENT OUTREACHES, FALL FESTIVAL, AND SPRING CARNIVAL. PROCEEDS FROM SOME OF THESE EVENTS GO TOWARD OUR FINANCIAL ASSISTANCE FUND TO PROVIDE SCHOLARSHIPS TO FAMILIES IN NEED. IN ADDITION, CHILDREN ATTEND ALDRICH THROUGH THE COUNTY'S SCHOOL READINESS PROGRAM AND THE PUBLIC SCHOOL'S EARLY CHILDHOOD SPECIAL EDUCATION PROGRAM. OUR GOAL IS TO BE ABLE TO OFFER ALL CHILDREN AN OPPORTUNITY FOR PRESCHOOL SO THAT THEY ARE MORE CONFIDENT AND BETTER PREPARED WHEN THEY ENTER KINDERGARTEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Richards Executive Di | Trustee | 40 | $69,142 |
Rebecca Montpetit President | OfficerTrustee | 1 | $0 |
Keith Morriss Treasurer | OfficerTrustee | 1 | $0 |
Emily Sperling Secretary | OfficerTrustee | 1 | $0 |
Allison Bowman Finance Chai | OfficerTrustee | 1 | $0 |
Catharine Richert Personnel Ch | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,551 |
| Noncash contributions included in lines 1a–1f | $1,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,168 |
| Total Program Service Revenue | $740,052 |
| Investment income | $6,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,491 |
| Net Income from Fundraising Events | $1,690 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $968,935 |
| 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. | $69,142 |
| Compensation of current officers, directors, key employees. | $69,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,296 |
| Pension plan accruals and contributions | $13,842 |
| Other employee benefits | $6,979 |
| Payroll taxes | $48,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $772 |
| Fees for services: Accounting | $18,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,560 |
| Office expenses | $8,279 |
| Information technology | $14,681 |
| Royalties | $0 |
| Occupancy | $76,443 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,095 |
| Insurance | $19,540 |
| All other expenses | $4,015 |
| Total functional expenses | $984,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,426 |
| Savings and temporary cash investments | $4,085 |
| Pledges and grants receivable | $27,285 |
| 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 | $1,595,747 |
| Investments—publicly traded securities | $307,429 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,680 |
| Total assets | $2,050,652 |
| Accounts payable and accrued expenses | $38,992 |
| Grants payable | $0 |
| Deferred revenue | $668 |
| 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 | $847,594 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $887,254 |
| Net assets without donor restrictions | $1,157,398 |
| Net assets with donor restrictions | $6,000 |
| 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 | $2,050,652 |