Civic Intelligence

Chenango Nursery School Inc.

990 • Fiscal year 2022 • EIN 16-0901859

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 25, 2023

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

57th percentile

0.10x

Higher debt load relative to assets than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

74th percentile

24%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$67,500

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,019,445

Up $180,868 (+22%) from 2021

Net Assets

Up

$915,685

Up $338,263 (+59%) from 2021

Liabilities

Down

$103,760

Down $157,395 (-60%) from 2021

Revenue

Up

$1,604,008

Up $173,218 (+12%) from 2021

Expenses

Up

$1,223,517

Up $238,904 (+24%) from 2021

Net Income

Down

$380,491

Down $65,686 (-15%) from 2021

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

2022

Assets$1,019,445
Liabilities$103,760
Net Assets$915,685

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

2022

Revenue$1,604,008
Expenses$1,223,517
Net Income$380,491
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 25, 2023
Return Version
2021v4.2
Gross Receipts
$1,604,347
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$265,164$232,955▼ $32,209
Savings and Temporary Cash Investments$61,147$228,230▲ $167,083
Cash and Non-Interest-Bearing Accounts$175,570$93,200▼ $82,370
Accounts Receivable$6,851$7,980▲ $1,129
Prepaid Expenses and Deferred Charges$6,591$6,591→ $0
Land, Buildings, and Equipment, Net$3,926$5,643▲ $1,717
Total Assets$838,577$1,019,445▲ $180,868
Other Assets Total$319,328$444,846▲ $125,518
Liabilities
Unsecured Notes Loans Payable$233,153$60,000▼ $173,153
Accounts Payable and Accrued Expenses$25,750$39,149▲ $13,399
Deferred Revenue$2,252$4,611▲ $2,359
Total Liabilities$261,155$103,760▼ $157,395
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$577,422$915,685▲ $338,263
Total Net Assets Fund Balance$577,422$915,685▲ $338,263
Total Liabilities and Net Assets / Fund Balance$838,577$1,019,445▲ $180,868

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,643$45,018$50,661
Other Assets Org$444,846--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah ChesebroExecutive DirectorFT$65,000$2,500$67,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$536,704
Program Service Revenue
$1,054,842
Investment Income
$12,462
Other Revenue
$0
All Other Contributions
$216,400
Change in Net Assets
$380,491

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,592,458
Revenue Not Reported on Financial Statements
$11,550
Revenue Not Reported on Form 990
$65,772
Other Revenue Adjustments
$9,470
Total Revenue per Audited Statements
$1,658,230
Total Revenue per Form 990
$1,604,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,017,857
Other Expenses$196,190
Grants and Similar Amounts Paid$9,470
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$726,786$114,484-$841,270
Payroll Taxes$54,317$13,601-$67,918
Current Officers, Directors, Trustees, and Key Employees-$67,500-$67,500
Occupancy$34,201$8,440-$42,641
Other Employee Benefits$39,807$1,362-$41,169
Insurance$23,852$2,650-$26,502
Fees for Services Accounting-$25,004-$25,004
Office Expenses-$15,801-$15,801
Grants to Domestic Individuals$9,470--$9,470
All Other Expenses$4,399$1,757-$6,156
Other Expenses$4,853$2,636-$2,636
Fees for Service Investment Mgmnt Fees-$2,080-$2,080
Fees for Services Legal-$1,865-$1,865
Depreciation Depletion$1,533$170-$1,703
Advertising$942--$942
Total Functional Expenses$966,167$257,350$0$1,223,517

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,319,967
Total Expenses per Form 990$1,223,517
Expenses per Audited Statements$1,211,967
Expenses Not Reported on Form 990$108,000
Expenses Not Reported on Financial Statements$11,550
Other Expense Adjustments$9,470
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$339
Fundraising Gross Income$339
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 35% controlled entity
No
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
2023-04-25
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
41
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 9,470.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarship expense netted with revenue on financial statement 9,470.

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IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01054842
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01054842
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0438567
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt012636
IRS990/PYInvestmentIncomeAmt019162
IRS990/PYOtherExpensesAmt0146491
IRS990/PYOtherRevenueAmt0148178
IRS990/PYProgramServiceRevenueAmt0824883
IRS990/PYRevenuesLessExpensesAmt0446177
IRS990/PYSalariesCompEmpBnftPaidAmt0825486
IRS990/PYTotalExpensesAmt0984613
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01430790
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0380491
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01054842
IRS990/SavingsAndTempCashInvstGrp/BOYAmt061147
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0228230
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/BookValueAmt05643
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045018
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt050661
IRS990ScheduleD/ExpensesNotReportedAmt0108000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt011550
IRS990ScheduleD/ExpensesSubtotalAmt01211967
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02080
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02080
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-42228
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0444846
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0EMPLOYEE RETENTION CREDIT RECEIVABLE
IRS990ScheduleD/OtherExpensesNotIncludedAmt09470
IRS990ScheduleD/OtherRevenuesNotIncludedAmt09470
IRS990ScheduleD/RevenueNotReportedAmt065772
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt011550
IRS990ScheduleD/RevenueSubtotalAmt01592458
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENT 9,470.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIP EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENT 9,470.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05643
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0444846
IRS990ScheduleD/TotalExpensesPerForm990Amt01223517
IRS990ScheduleD/TotalRevenuePerForm990Amt01604008
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01658230
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01319967
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/CashGrantAmt09470
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0838577
IRS990/TotalAssetsEOYAmt01019445
IRS990/TotalAssetsGrp/BOYAmt0838577
IRS990/TotalAssetsGrp/EOYAmt01019445
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0536704
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0257350
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0966167
IRS990/TotalFunctionalExpensesGrp/TotalAmt01223517
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0261155
IRS990/TotalLiabilitiesEOYAmt0103760
IRS990/TotalLiabilitiesGrp/BOYAmt0261155
IRS990/TotalLiabilitiesGrp/EOYAmt0103760
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0577422
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0915685
IRS990/TotalOtherCompensationAmt02500
IRS990/TotalProgramServiceExpensesAmt0966167
IRS990/TotalProgramServiceRevenueAmt01054842
IRS990/TotalReportableCompFromOrgAmt065000
IRS990/TotalRevenueGrp/ExclusionAmt012462
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01054842
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01604008
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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