Bethune Nursery School Inc
- Assets
- $1.1m
- Revenue
- $806.1k
- Investments
- $0.0
- Employees
- 21
- Location
- Lynchburg, VA
- Founding
- 06/1971
- Data as of
- 12/2023
- EIN
- 54-0541800
Organization Overview
Bethune Nursery School Inc is located in Lynchburg, VA. The organization was established in 1971. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2023, Bethune Nursery School Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethune 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 12/2023, Bethune Nursery School Inc generated $806.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $502.8k during the year ending 12/2023. While expenses have increased by 2.0% 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 PROVIDE NURSERY FACILITIES, MEALS, PHYSICAL AND EDUCATIONAL TRAINING, AND GENERAL CARE FOR INDIGENT CHILDREN AND CHILDREN OF MOTHERS EMPLOYED OUTSIDE THEIR HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NURSERY FACILITIES, MEALS, PHYSICAL AND EDUCATIONAL TRAINING, AND GENERAL CARE FOR INDIGENT CHILDREN AND CHILDREN OF MOTHERS EMPLOYED OUTSIDE THEIR HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Fitzgerald Executive Di | OfficerTrustee | $0 | |
Latoya Horsley Director | Trustee | $0 | |
Debbie Hughes Board Chairm | OfficerTrustee | $0 | |
Neil Moore Director | Trustee | $0 | |
Shirley Pettigrew Director | Trustee | $0 | |
Kelli Pettry Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $110,942 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $370,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $587,599 |
| Total Program Service Revenue | $218,364 |
| Investment income | $112 |
| 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 | $806,075 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,162 |
| Pension plan accruals and contributions | $3,471 |
| Other employee benefits | $9,926 |
| Payroll taxes | $29,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,786 |
| 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 | $3,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,688 |
| 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 | $10,700 |
| Insurance | $7,456 |
| All other expenses | $3,250 |
| Total functional expenses | $502,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,365 |
| Savings and temporary cash investments | $282,576 |
| Pledges and grants receivable | $76,558 |
| 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 | $146,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,276 |
| Total assets | $1,060,964 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $3,429 |
| Total liabilities | $3,429 |
| Net assets without donor restrictions | $904,386 |
| Net assets with donor restrictions | $153,149 |
| 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 | $1,060,964 |