Civic Intelligence

Chenango Nursery School Inc.

990 • Fiscal year 2015 • EIN 16-0901859

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 24, 2015

59 W Kendrick AveHamilton, NY 13346

(315) 824-1810

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.07x

Higher debt load relative to assets than 56% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.04x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

48th percentile

2.6%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

51st percentile

1.5%

Faster asset growth than 51% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

75th percentile

22%

Faster revenue growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$424,882

Up $6,309 (+1.5%) from 2014

Net Assets

Down

$395,500

Down $16,648 (-4.0%) from 2014

Liabilities

Up

$29,382

Up $22,957 (+357%) from 2014

Revenue

Up

$784,731

Up $139,956 (+22%) from 2014

Expenses

Up

$764,687

Up $115,763 (+18%) from 2014

Net Income

Up

$20,044

Up $24,193 (+583%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2012: $605,746Liabilities 2012: $197,765Net Assets 2012: $407,9812012Assets 2013: $433,844Liabilities 2013: $6,425Net Assets 2013: $427,4192013Assets 2014: $418,573Liabilities 2014: $6,425Net Assets 2014: $412,1482014Assets 2015: $424,882Liabilities 2015: $29,382Net Assets 2015: $395,5002015Assets 2016: $403,507Liabilities 2016: $36,472Net Assets 2016: $367,0352016Assets 2017: $314,267Liabilities 2017: $29,873Net Assets 2017: $284,3942017Assets 2018: $358,937Liabilities 2018: $17,616Net Assets 2018: $341,3212018Assets 2019: $374,627Liabilities 2019: $29,811Net Assets 2019: $344,8162019Assets 2020: $304,964Liabilities 2020: $190,893Net Assets 2020: $114,0712020Assets 2021: $838,577Liabilities 2021: $261,155Net Assets 2021: $577,4222021Assets 2022: $1,019,445Liabilities 2022: $103,760Net Assets 2022: $915,6852022Assets 2023: $954,963Liabilities 2023: $125,849Net Assets 2023: $829,1142023Assets 2024: $877,584Liabilities 2024: $116,040Net Assets 2024: $761,5442024

Highlighted filing

2015

Assets$424,882
Liabilities$29,382
Net Assets$395,500

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $613,2392012Expenses 2013: $680,0742013Revenue 2014: $644,775Expenses 2014: $648,924Net Income 2014: -$4,1492014Revenue 2015: $784,731Expenses 2015: $764,687Net Income 2015: $20,0442015Revenue 2016: $788,456Expenses 2016: $844,540Net Income 2016: -$56,0842016Revenue 2017: $809,207Expenses 2017: $896,428Net Income 2017: -$87,2212017Revenue 2018: $991,231Expenses 2018: $929,885Net Income 2018: $61,3462018Revenue 2019: $986,484Expenses 2019: $978,362Net Income 2019: $8,1222019Revenue 2020: $839,670Expenses 2020: $1,063,022Net Income 2020: -$223,3522020Revenue 2021: $1,430,790Expenses 2021: $984,613Net Income 2021: $446,1772021Revenue 2022: $1,604,008Expenses 2022: $1,223,517Net Income 2022: $380,4912022Revenue 2023: $1,243,427Expenses 2023: $1,356,897Net Income 2023: -$113,4702023Revenue 2024: $1,562,762Expenses 2024: $1,650,948Net Income 2024: -$88,1862024

Highlighted filing

2015

Revenue$784,731
Expenses$764,687
Net Income$20,044
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 24, 2015
Return Version
2014v5.0
Gross Receipts
$852,565
Mission and Program Overview

Mission

To provide childcare services for approximately 120 children in the hamilton, ny area.

Providing childcare for approximately 120 children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$378,445$300,535▼ $77,910
Cash and Non-Interest-Bearing Accounts$6,432$61,219▲ $54,787
Accounts Receivable-$30,695-
Land, Buildings, and Equipment, Net$31,465$28,446▼ $3,019
Savings and Temporary Cash Investments$2,231$3,987▲ $1,756
Total Assets$418,573$424,882▲ $6,309
Liabilities
Other Liabilities$6,425$25,116▲ $18,691
Accounts Payable and Accrued Expenses-$4,266-
Total Liabilities$6,425$29,382▲ $22,957
Net Assets / Fund Balance
Unrestricted Net Assets$412,148$395,500▼ $16,648
Total Net Assets Fund Balance$412,148$395,500▼ $16,648
Total Liabilities and Net Assets / Fund Balance$418,573$424,882▲ $6,309

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,446$13,091-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lindsay HohamPresident
Jennifer LatreilleBoard Member
Joan FordBoard Member
Kathy RoyBoard Member
Nancy HeckBoard Member
Shannon MontaroBoard Member
Thirza MorrealeBoard Member
Joe AlfonsoSecretary
Andrew FagonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$79,387
Program Service Revenue
$684,907
Investment Income
$20,437
Other Revenue
$0
All Other Contributions
$73,491
Change in Net Assets
$20,044

Audited Revenue Reconciliation

Revenue per Audited Statements
$784,731
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$77,757
Total Revenue per Audited Statements
$862,488
Total Revenue per Form 990
$784,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$643,974
Other Expenses$120,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$449,543$24,253-$473,796
Other Employee Benefits$77,551$13,449-$91,000
Current Officers, Directors, Trustees, and Key Employees-$43,000-$43,000
Payroll Taxes$24,941$11,237-$36,178
Insurance-$22,895-$22,895
Fees for Services Accounting-$7,247-$7,247
Depreciation Depletion$5,961--$5,961
Office Expenses-$5,711-$5,711
Other Expenses$4,148--$4,148
All Other Expenses$1,619$2,053-$3,672
Information Technology-$3,581-$3,581
Fees for Service Investment Mgmnt Fees-$2,586-$2,586
Fees for Services Legal-$2,483-$2,483
Advertising$472--$472
Total Functional Expenses$626,192$138,495$0$764,687

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$866,447
Expenses per Audited Statements$764,687
Total Expenses per Form 990$764,687
Expenses Not Reported on Form 990$101,760
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$25,116
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The board of directors review form 990 during a board meeting prior to the filing of the form.

Form 990, Part VI, Section B, Line 12C

Compliance with conflict of interest policy was monitored and enforced at board meetings.

Form 990, Part VI, Section B, Line 15A

Executive director pay was reviewed and approved by the board.

Form 990, Part VI, Section C, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Chenango Nursery School Inc
EIN
16-0901859
Phone
3158241810
Address
59 W KENDRICK AVE, HAMILTON, NY 13346

Signing Officer

Name
Sarah Ryan
Title
Treasurer
Phone
3158241810
Signed
2015-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Fagon
Formed
1948
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
33
Volunteers
0

Preparer

Firm
Bowers & Company Cpas Pllc
Address
120 MADISON ST - 1700 AXA TOWER II, SYRACUSE, NY 13202
Preparer
Donald R Kimber
Phone
3152341100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change from cash basis of accounting to accrual basis of accounting -12,689. Realized gain loss difference -3,310.

FORM 990, PART XII, LINE 1:

The school changed from a cash basis of accounting to an accrual basis.

FORM 990, PART XII, LINE 2C:

The school now has an audit committee to oversee the audit.

Financial Statement Notes

PART X, LINE 2:

The school has adopted the provisions of fasbasc, income taxes. In determining the recognition of uncertain tax positions, the center applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with the taxing authorities. Under fasbasc, income taxes, the school recognizes potential liabilities associated with anticipated tax audit issues that may arise during an examination. The center analyzed its tax positions taken on their federal and state tax returns for the open years 2012, 2013, 2014. Based on our analysis, the center determined that there were no uncertain tax positions and that the center should prevail upon examination by the taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Difference in realized gains -3,310.

Raw XML AppendixShowing 400 of 427 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYSalariesCompEmpBnftPaidAmt0555491
IRS990/PYTotalExpensesAmt0648924
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0644775
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt020044
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0684907
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02231
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03987
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0101760
IRS990ScheduleD/DonatedServicesUseFcltsAmt0101760
IRS990ScheduleD/EquipmentGrp/BookValueAmt028446
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013091
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt041537
IRS990ScheduleD/ExpensesNotReportedAmt0101760
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0764687
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-20693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherRevenueAmt0-3310
IRS990ScheduleD/RevenueNotReportedAmt077757
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0784731
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASBASC, INCOME TAXES. IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE CENTER APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH THE TAXING AUTHORITIES. UNDER FASBASC, INCOME TAXES, THE SCHOOL RECOGNIZES POTENTIAL LIABILITIES ASSOCIATED WITH ANTICIPATED TAX AUDIT ISSUES THAT MAY ARISE DURING AN EXAMINATION. THE CENTER ANALYZED ITS TAX POSITIONS TAKEN ON THEIR FEDERAL AND STATE TAX RETURNS FOR THE OPEN YEARS 2012, 2013, 2014. BASED ON OUR ANALYSIS, THE CENTER DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT THE CENTER SHOULD PREVAIL UPON EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIFFERENCE IN REALIZED GAINS -3,310.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028446
IRS990ScheduleD/TotalExpensesPerForm990Amt0764687
IRS990ScheduleD/TotalLiabilityAmt025116
IRS990ScheduleD/TotalRevenuePerForm990Amt0784731
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0862488
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0866447
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES AID FROM THE DEPARTMENT OF SOCIAL SERVICES FOR LOW INCOME FAMILIES TO ASSIST IN PAYING TUITION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEW FORM 990 DURING A BOARD MEETING PRIOR TO THE FILING OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE WITH CONFLICT OF INTEREST POLICY WAS MONITORED AND ENFORCED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR PAY WAS REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE FROM CASH BASIS OF ACCOUNTING TO ACCRUAL BASIS OF ACCOUNTING -12,689. REALIZED GAIN LOSS DIFFERENCE -3,310.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL CHANGED FROM A CASH BASIS OF ACCOUNTING TO AN ACCRUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SCHOOL NOW HAS AN AUDIT COMMITTEE TO OVERSEE THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0424882
IRS990/TotalAssetsGrp/BOYAmt0418573
IRS990/TotalAssetsGrp/EOYAmt0424882
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt079387
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0138495
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0626192
IRS990/TotalFunctionalExpensesGrp/TotalAmt0764687
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06425
IRS990/TotalLiabilitiesEOYAmt029382
IRS990/TotalLiabilitiesGrp/BOYAmt06425
IRS990/TotalLiabilitiesGrp/EOYAmt029382
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0412148
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0395500
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0626192
IRS990/TotalProgramServiceRevenueAmt0684907
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt024271
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0681073
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0784731
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0418573
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0424882
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0412148
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0395500
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt059 W KENDRICK AVE
IRS990/USAddress/CityNm0HAMILTON
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013346
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.CHENANGONURSERYSCHOOL.ORG
IRS990/WhistleblowerPolicyInd01

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