University Nursery School
- Assets
- $762.7k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 118
- Location
- Duluth, MN
- Founding
- 07/1973
- Data as of
- 07/2021
- EIN
- 41-0988095
Organization Overview
University Nursery School is located in Duluth, MN. The organization was established in 1973. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2021, University Nursery School employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University 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 07/2021, University Nursery School generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.6m during the year ending 07/2021. While expenses have increased by 3.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE UNIVERSITY NURSERY SCHOOL IS TO PREPARE THE CHILDREN IN OUR COMMUNITY FOR A SUCCESSFUL AND FULFILLING FUTURE THROUGHOUT THEIR EDUCATION AND BEYOND. WE STRIVE DAILY TO PROVIDE LOVING CARE, AS WELL AS HIGH QUALITY AND DEVELOPMENTALLY APPROPRIATE EARLY CHILDHOOD EDUCATION, TO PROVIDE ENVIRONMENTS, EXAMPLES, AND EXPERIENCES THAT FOSTER THE DEVELOPMENT OF HEALTHY AND APPROPRIATE RELATIONSHIPS WITH SELF, OTHERS, AND OUR ENVIRONMENT, AND TO STIMULATE AND CULTIVATE COGNITIVE, EMOTIONAL, INTELLECTUAL, SOCIAL, AND PHYSICAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY CARE AND EDUCATION TO CHILDREN AGES 6 WEEKS TO 12 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Das CFO (thru 8/20) | Officer | 45 | $94,505 |
Tracy Goulet CFO | Officer | 45 | $77,890 |
Channon Richardson CEO | Officer | 45 | $60,579 |
Kellie Dyess President | OfficerTrustee | 1 | $0 |
Justin Reimer Treasurer | OfficerTrustee | 1 | $0 |
Philip Olson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $615,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $625,896 |
| Total Program Service Revenue | $2,211,709 |
| Investment income | $64 |
| 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 | $2,847,060 |
| 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. | $201,425 |
| Compensation of current officers, directors, key employees. | $100,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,568,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,813 |
| Payroll taxes | $126,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,626 |
| Advertising and promotion | $8,420 |
| Office expenses | $84,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $258,704 |
| Travel | $1,204 |
| 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 | $3,000 |
| Insurance | $2,612 |
| All other expenses | $50,711 |
| Total functional expenses | $2,555,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,650 |
| Savings and temporary cash investments | $206,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $370 |
| Prepaid expenses and deferred charges | $3,897 |
| Net Land, buildings, and equipment | $87,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,000 |
| Total assets | $762,716 |
| Accounts payable and accrued expenses | $75,481 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $40,497 |
| Other liabilities | $38,734 |
| Total liabilities | $154,712 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $608,004 |
| Total liabilities and net assets/fund balances | $762,716 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Nursery School has recieved totaling $261.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Small Wonders Preschool And Childcare Center Inc Fargo, ND | $1,322,875 | $6,805,299 |
Lake Area Discovery Center White Bear Lake, MN | $2,847,181 | $7,699,616 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |
Lake Country School Montessori Learning Environments Minneapolis, MN | $16,072,245 | $6,022,305 |
Shiloh Christian School Bismarck, ND | $18,808,002 | $5,796,706 |
Wisconsin Montessori Society Inc Milwaukee, WI | $12,863,252 | $6,437,977 |
Hand In Hand Christian Montessori Home School Academy Roseville, MN | $5,224,746 | $3,926,628 |
Family And Child Learning Centers Of Northeast Wisconsin Inc Rhinelander, WI | $765,130 | $4,152,383 |
Sheboygan Human Rights Association Inc Sheboygan, WI | $1,838,673 | $3,773,181 |
Eastbrook Academy Inc Milwaukee, WI | $1,804,684 | $4,079,649 |
Preschool Of The Arts Inc Madison, WI | $2,793,186 | $4,208,133 |