Raleigh Nursery School Inc
- Assets
- $206.2k
- Revenue
- $622.0k
- Investments
- $14.8k
- Employees
- 10
- Location
- Raleigh, NC
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 56-0616606
Organization Overview
Raleigh Nursery School Inc is located in Raleigh, NC. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Raleigh Nursery School Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh 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 06/2022, Raleigh Nursery School Inc generated $622.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $590.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DAYCARE FOR NEEDY CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION AND CARE OF CHILDREN AGES 1 TO 5 YEARS OLD, FIVE DAYS PER WEEK AND A SATURDAY PROGRAM FOR CHILDREN AGES 1 TO 10.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Sanders Executive Di | OfficerTrustee | 40 | $84,757 |
Ray Haywood President | OfficerTrustee | 1 | $0 |
Adonya Hood Ms Vice-Preside | OfficerTrustee | 1 | $0 |
Rosia D Butler Treasurer | OfficerTrustee | 1 | $0 |
Ruth Van Den Grinten Member-Bod | Trustee | 1 | $0 |
Dr Stephen M Cathcart Member-Bod | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,890 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,890 |
| Total Program Service Revenue | $598,750 |
| Investment income | $174 |
| 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 | $621,952 |
| 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. | $84,757 |
| Compensation of current officers, directors, key employees. | $12,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,349 |
| Pension plan accruals and contributions | $11,429 |
| Other employee benefits | $14,587 |
| Payroll taxes | $27,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,045 |
| Advertising and promotion | $0 |
| Office expenses | $12,529 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,686 |
| Travel | $3,423 |
| 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 | $1,269 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $590,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,730 |
| Savings and temporary cash investments | $18,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,260 |
| 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 | $3,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,233 |
| Total assets | $206,169 |
| Accounts payable and accrued expenses | $172,219 |
| 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 | $216,816 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $389,035 |
| Net assets without donor restrictions | -$182,866 |
| 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 | $206,169 |