Kensington Nursery School Incorporated
- Assets
- $227.7k
- Revenue
- $530.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Kensington, CA
- Founding
- 09/1945
- Data as of
- 06/2024
- EIN
- 94-1337640
Organization Overview
Kensington Nursery School Incorporated is located in Kensington, CA. The organization was established in 1945. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, Kensington Nursery School Incorporated employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kensington Nursery School Incorporated 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 06/2024, Kensington Nursery School Incorporated generated $530.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $501.4k during the year ending 06/2024. While expenses have increased by 1.9% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
KENSINGTON NURSERY SCHOOL IS A NON PROFIT PARENT CO-OPERATIVE PRESCHOOL WHICH PROVIDES EDUCATION AND SOCIALIZATION FOR APPROXIMATELY 40 CHILDREN RANGING IN AGE FROM 2 YEARS TO 1ST GRADE ENTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL REVENUES AND EXPENSES ARE UTILIZED IN THE OPERATION OF A NURSERY SCHOOL OF THE EDUCATION AND SOCIALIZATION OF APPROXIMATELY 40 CHILDREN RANGING IN AGE FROM 2 YEARS TO 1ST GRADE ENTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mardiann Kaneko School Director | Trustee | 60 | $52,630 |
Katie Mclelland President | Officer | 2 | $0 |
Mary Vargas Vice President | Officer | 2 | $0 |
Elizabeth Olson Secretary | Officer | 2 | $0 |
Elayne Maples Treasurer | Officer | 2 | $0 |
Shahin Edalati Fundraiser | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,274 |
| Total Program Service Revenue | $524,356 |
| Investment income | $23 |
| 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 | $530,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,630 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,980 |
| Payroll taxes | $26,985 |
| Fees for services: Management | $8,832 |
| 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 | $16,464 |
| Advertising and promotion | $150 |
| Office expenses | $3,381 |
| Information technology | $1,909 |
| Royalties | $0 |
| Occupancy | $61,919 |
| 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 | $17,250 |
| All other expenses | $0 |
| Total functional expenses | $501,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $241,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$13,956 |
| 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 | $227,737 |
| 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 | $60,159 |
| Total liabilities | $60,159 |
| 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 | $167,578 |
| Total liabilities and net assets/fund balances | $227,737 |