Wellesley Cooperative Nursery School Inc
- Assets
- $616.0k
- Revenue
- $279.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Natick, MA
- Founding
- 03/1975
- Data as of
- 08/2021
- EIN
- 04-2557074
Organization Overview
Wellesley Cooperative Nursery School Inc is located in Natick, MA. The organization was established in 1975. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2021, Wellesley Cooperative Nursery School Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellesley Cooperative 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 08/2021, Wellesley Cooperative Nursery School Inc generated $279.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $264.9k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. 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
OPERATION OF A NURSERY SCHOOL FOR CHILDREN AGES 2.9 TO 6 YEARS OLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF NURSERY SCHOOL FOR CHILDREN AGES 2.9-6 YEARS OLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Gooch Director | Trustee | 40 | $59,119 |
Daphne E Damplo Board Member, Clerk | OfficerTrustee | 20 | $33,015 |
Joseph Damplo Comptroller | Officer | 20 | $19,590 |
Molly Crabbe Board Member | OfficerTrustee | 1 | $0 |
Colleen Burt Board Member | Trustee | 1 | $0 |
Allen Breed President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,862 |
| 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 | $44,862 |
| Total Program Service Revenue | $234,054 |
| Investment income | $285 |
| 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 | $279,201 |
| 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. | $95,004 |
| Compensation of current officers, directors, key employees. | $95,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,564 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,632 |
| Payroll taxes | $13,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,650 |
| 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 | $4,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,223 |
| 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 | $6,683 |
| Insurance | $9,448 |
| All other expenses | $2,472 |
| Total functional expenses | $264,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,074 |
| Savings and temporary cash investments | $290,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,010 |
| 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 | $13,582 |
| Net Land, buildings, and equipment | $54,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $616,010 |
| Accounts payable and accrued expenses | $7,664 |
| Grants payable | $0 |
| Deferred revenue | $41,000 |
| 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 | $48,664 |
| Net assets without donor restrictions | $489,012 |
| Net assets with donor restrictions | $78,334 |
| 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 | $616,010 |
Endowment Analysis
| Beg. Balance | $78,227 |
| Earnings | $107 |
| Ending Balance | $78,334 |
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