Princeton Nursery School Inc
- Assets
- $1.4m
- Revenue
- $944.1k
- Investments
- $334.8k
- Employees
- 23
- Location
- Princeton, NJ
- Founding
- 06/1937
- Data as of
- 06/2023
- EIN
- 21-0643024
Organization Overview
Princeton Nursery School Inc is located in Princeton, NJ. The organization was established in 1937. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Princeton Nursery School Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton 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 06/2023, Princeton Nursery School Inc generated $944.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $871.5k during the year ending 06/2023. While expenses have increased by 6.0% 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
PRINCETON NURSERY SCHOOL'S MISSION IS TO PROVIDE QUALITY CHILDCARE AND PRESCHOOL SERVICES TO CHILDREN 2.5 TO 5 YEARS OLD FROM WORKING FAMILIES WITH LOW TO MODERATE INCOMES. FOR MORE THAN 90 YEARS PNS HAS PROVIDED CHILDREN WITH A POSITIVE LEARNING ENVIRONMENT THAT SERVES TO ADDRESS ALL OF THEIR DEVELOPMENTAL NEEDS AND TO PROVIDE A SOLID FOUNDATION TO BEGIN A LIFE-LONG LOVE OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY CHILD CARE AND PRESCHOOL EDUCATION WITH RELATED SUPPORT SERVICES INCLUDING MEALS (BREAKFAST, LUNCH, & SNACK), HEALTH & WELLNESS PROGRAM INCLUDING PHYSICAL FITNESS, NUTRITION & ORAL HYGIENE TO CHILDREN, BETWEEN THE AGES OF 2.5 YEARS AND 5 YEARS, IN A DIVERSE SETTING THAT IS AFFORDABLE THROUGH SCHOLARSHIPS AND ASSISTANCE TO ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janine Soroken Chair | OfficerTrustee | 15 | $0 |
Elizabeth Wagner Vice Chair | OfficerTrustee | 5 | $0 |
Alfred Dugan III Secretary | OfficerTrustee | 5 | $0 |
Tim Gardner Treasurer | OfficerTrustee | 5 | $0 |
Danielle Bentsen Past Chair | OfficerTrustee | 2 | $0 |
Angela Maxam Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $217,463 |
| Related organizations | $0 |
| Government grants | $143,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,402 |
| Total Program Service Revenue | $377,542 |
| Investment income | $5,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $944,075 |
| 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. | $101,322 |
| Compensation of current officers, directors, key employees. | $30,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,654 |
| Pension plan accruals and contributions | $7,607 |
| Other employee benefits | $10,681 |
| Payroll taxes | $50,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,000 |
| Fees for services: Investment Management | $2,444 |
| Fees for services: Other | $21,977 |
| Advertising and promotion | $2,183 |
| Office expenses | $10,733 |
| Information technology | $1,468 |
| Royalties | $15,935 |
| Occupancy | $0 |
| Travel | $597 |
| 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 | $24,009 |
| Insurance | $7,545 |
| All other expenses | $18,896 |
| Total functional expenses | $871,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $57,885 |
| 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 | $16,392 |
| Net Land, buildings, and equipment | $265,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $334,809 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,407,094 |
| Accounts payable and accrued expenses | $33,984 |
| 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 | $0 |
| Total liabilities | $33,984 |
| Net assets without donor restrictions | $1,280,685 |
| Net assets with donor restrictions | $92,425 |
| 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 | $1,407,094 |