Civic Intelligence

Chenango Nursery School Inc.

990 • Fiscal year 2019 • EIN 16-0901859

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 18, 2019

59 West Kendrick AvenueHamilton, NY 13346

(315) 824-1810

Siviq Scores

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

Liabilities / Assets

50th percentile

0.08x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

42nd percentile

0.8%

Higher net margin than 42% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$52,706

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

54th percentile

4.4%

Faster asset growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-0.5%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$374,627

Up $15,690 (+4.4%) from 2018

Net Assets

Up

$344,816

Up $3,495 (+1.0%) from 2018

Liabilities

Up

$29,811

Up $12,195 (+69%) from 2018

Revenue

Down

$986,484

Down $4,747 (-0.5%) from 2018

Expenses

Up

$978,362

Up $48,477 (+5.2%) from 2018

Net Income

Down

$8,122

Down $53,224 (-87%) from 2018

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

2019

Assets$374,627
Liabilities$29,811
Net Assets$344,816

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

2019

Revenue$986,484
Expenses$978,362
Net Income$8,122
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 18, 2019
Return Version
2018v3.1
Gross Receipts
$1,088,519
Mission and Program Overview

Mission

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

Providing childcare for approximately 140 children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$266,320$281,816▲ $15,496
Cash and Non-Interest-Bearing Accounts$37,443$32,900▼ $4,543
Accounts Receivable$19,396$29,239▲ $9,843
Savings and Temporary Cash Investments$14,506$16,130▲ $1,624
Land, Buildings, and Equipment, Net$13,556$7,951▼ $5,605
Prepaid Expenses and Deferred Charges$7,716$6,591▼ $1,125
Total Assets$358,937$374,627▲ $15,690
Liabilities
Accounts Payable and Accrued Expenses$28$29,811▲ $29,783
Other Liabilities$9,629--
Deferred Revenue$7,959$0▼ $7,959
Total Liabilities$17,616$29,811▲ $12,195
Net Assets / Fund Balance
Unrestricted Net Assets$341,321$343,888▲ $2,567
Temporarily Rstr Net Assets-$928-
Total Net Assets Fund Balance$341,321$344,816▲ $3,495
Total Liabilities and Net Assets / Fund Balance$358,937$374,627▲ $15,690

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,951$37,199$45,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah ChesebroExecutive DirectorFT$50,706$2,000$52,706

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$86,154
Program Service Revenue
$877,140
Investment Income
$17,750
Other Revenue
$5,440
All Other Contributions
$84,064
Change in Net Assets
$8,122

Audited Revenue Reconciliation

Revenue per Audited Statements
$956,650
Revenue Not Reported on Financial Statements
$29,834
Revenue Not Reported on Form 990
$108,373
Other Revenue Adjustments
$27,795
Total Revenue per Audited Statements
$1,065,023
Total Revenue per Form 990
$986,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$808,369
Other Expenses$141,889
Grants and Similar Amounts Paid$28,104
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$559,548$80,471-$640,019
Other Employee Benefits$55,199$10,875-$66,074
Current Officers, Directors, Trustees, and Key Employees-$52,706-$52,706
Payroll Taxes$40,156$9,414-$49,570
Grants to Domestic Individuals$28,104--$28,104
Insurance$24,507$2,723-$27,230
Occupancy$19,137$5,364-$24,501
Office Expenses-$8,333-$8,333
Fees for Services Accounting-$6,396-$6,396
Depreciation Depletion$5,756$639-$6,395
All Other Expenses$3,592$1,068-$4,660
Other Expenses$7,003$2,355-$2,355
Fees for Service Investment Mgmnt Fees-$2,039-$2,039
Fees for Services Legal-$1,382-$1,382
Advertising$800--$800
Total Functional Expenses$794,597$183,765$0$978,362

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,056,528
Total Expenses per Form 990$978,362
Expenses per Audited Statements$948,219
Expenses Not Reported on Form 990$108,309
Expenses Not Reported on Financial Statements$30,143
Other Expense Adjustments$28,104
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 11B

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 is 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

Financial statements available upon request

Filing and Contact Details

Filer

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

Signing Officer

Name
Sarah Chesebro
Title
Director
Phone
3158241810
Signed
2019-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Chesebro
Formed
1948
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
43
Volunteers
9

Preparer

Firm
Bonadio & Co Llp
Address
7936 SENECA TURNPIKE, CLINTON, NY 13323
Preparer
Heather Lessels
Phone
3157977781
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarship expense netted with revenue on financial statement 28,104. Loss on disposal of equipment -309.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of equipment 309.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarship expense netted with revenue on financial statement 28,104.

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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07716
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06591
IRS990/PrincipalOfficerNm0SARAH CHESEBRO
IRS990/PriorPeriodAdjustmentsAmt0-5000
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624410
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0877140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0877140
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt076172
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt020714
IRS990/PYOtherExpensesAmt0139987
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0894345
IRS990/PYRevenuesLessExpensesAmt061346
IRS990/PYSalariesCompEmpBnftPaidAmt0789898
IRS990/PYTotalExpensesAmt0929885
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0991231
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt08122
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0882580
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014506
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016130
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/DonatedServicesAndUseFcltsAmt0108000
IRS990ScheduleD/DonatedServicesUseFcltsAmt0108000
IRS990ScheduleD/EquipmentGrp/BookValueAmt07951
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037199
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045150
IRS990ScheduleD/ExpensesNotReportedAmt0108309
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt030143
IRS990ScheduleD/ExpensesSubtotalAmt0948219
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02039
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02039
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0373
IRS990ScheduleD/OtherExpensesIncludedAmt0309
IRS990ScheduleD/OtherExpensesNotIncludedAmt028104
IRS990ScheduleD/OtherRevenuesNotIncludedAmt027795
IRS990ScheduleD/RevenueNotReportedAmt0108373
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt029834
IRS990ScheduleD/RevenueSubtotalAmt0956650
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENT 28,104. LOSS ON DISPOSAL OF EQUIPMENT -309.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF EQUIPMENT 309.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIP EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENT 28,104.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07951
IRS990ScheduleD/TotalExpensesPerForm990Amt0978362
IRS990ScheduleD/TotalRevenuePerForm990Amt0986484
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01065023
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01056528
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/ExplanationTxt0PARENTS ARE PROVIDED THE PARENT HANDBOOK WHICH INCLUDED ALL POLICIES INCLUDING BUT NOT LIMITED TO THE RACIALLY NONDISCRIMINATION POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES SUBSIDIES AND REIMBURSEMENTS FOR ELIGIBLE FAMILIES FOR CHILD CARE AND FOOD PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt028104
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CHENANGO NURSERY SCHOOL PERMITS PARENTS TO APPLY FOR SCHOLARSHIPS FOR THEIR CHILDREN TO ATTEND THE SCHOOL. PARENTS GO THROUGH AN APPLICATION PROCESS SUBMITTING THEIR FINANCIAL AID STATUS AND OTHER VARIOUS ITEMS. BASED ON THE APPLICATIONS SUBMITTED, QUALIFYING STUDENTS ARE SELECTED FOR SCHOLARSHIPS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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 IS MONITORED AND ENFORCED AT BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR PAY WAS REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0928
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0358937
IRS990/TotalAssetsEOYAmt0374627
IRS990/TotalAssetsGrp/BOYAmt0358937
IRS990/TotalAssetsGrp/EOYAmt0374627
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt086154
IRS990/TotalEmployeeCnt043
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0183765
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0794597
IRS990/TotalFunctionalExpensesGrp/TotalAmt0978362
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017616
IRS990/TotalLiabilitiesEOYAmt029811
IRS990/TotalLiabilitiesGrp/BOYAmt017616

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