Westfield Co-Op Nursery School
- Assets
- $764.6k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 04/1983
- Data as of
- 08/2022
- EIN
- 22-2335354
Organization Overview
Westfield Co-Op Nursery School, operating under the name Compass Schoolhouse, is located in Westfield, NJ. The organization was established in 1983. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Compass Schoolhouse 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 08/2022, Compass Schoolhouse generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $1.5m during the year ending 08/2022. While expenses have increased by 17.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE THAT CREATIVE PLAY IS THE VEHICLE FOR EXPLORING AND LEARNING, DEVELOPING NEW SKILLS, AND CONNECTING WITH OTHERS. WE STRIVE TO PROVIDE EVERY CHILD WITH A QUALITY EARLY CHILDHOOD EXPERIENCE IN A SAFE, NURTURING, AND DEVELOPMENTALLY APPROPRIATE ENVIRONMENT. WE ARE DEVOTED TO HELPING CHILDREN DEVELOP A POSITIVE SENSE OF SELF, COMPASSION, AND A LOVE OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION, RECREATION AND CARE SERVICES FOR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Deweever Executive Director | OfficerTrustee | 40 | $66,068 |
Christine Pugliese Treasurer | Trustee | 4 | $39,584 |
Liz Robertson Trustee | Trustee | 4 | $8,545 |
Stacy Gunther Trustee | Trustee | 4 | $33,836 |
Aneesa Chignoli Trustee | Trustee | 4 | $396 |
Melina Rzeznik Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,000 |
| Total Program Service Revenue | $1,593,460 |
| Investment income | $0 |
| 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 | $1,723,460 |
| 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 | $1,101,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,908 |
| Payroll taxes | $84,490 |
| Fees for services: Management | $6,560 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $746 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,686 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,495 |
| Insurance | $16,054 |
| All other expenses | $14,122 |
| Total functional expenses | $1,516,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $527,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,980 |
| Net Land, buildings, and equipment | $235,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $764,618 |
| Accounts payable and accrued expenses | $65,744 |
| Grants payable | $0 |
| Deferred revenue | $305,116 |
| 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 | $370,860 |
| Net assets without donor restrictions | $393,758 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $764,618 |