Grace Playschool INC EIN 11-2995340 Form 990 (PDF) Claim this org

Grace Playschool INC

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Encourages children to develop skills, self-esteem, and social abilities through playful learning. For fiscal year 2024 it reported $360K in revenue, $413K in expenses, and $196K in net assets.Pt I

Founded
1992
Type
Public charity (501(c)(3)) · Nonprofit
Location
Lynbrook, NY
Website
www.graceplayschool.com
Filings
4 on file (2020–2024)
Revenue
$360KFY2024
Expenses
$413K
Net assets
$196K
People
17
Filings
4
Updates
0
More identity details & actions ⌄
EIN  11-2995340 Public charity (501(c)(3)) Lynbrook, NY Founded 1992
Form 990 (PDF)
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Size
$100K–1M
What they do
Encourages children to develop skills, self-esteem, and social abilities through playful learning.
Leadership
Briana Fedele · Co-President
Money in and out
$360K revenue, $413K expenses
Bottom line
73% program efficiency
Where the money goes · FY2024
Total revenue
$360K
Pt VIII · Ln 12
Total expenses
$413K
Pt IX · Ln 25
Net assets
$196K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$53K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate▼ -16% vs prior filing year
Surplus margin
-15%
revenue over expenses, this year▲ +15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$360K
FY2024▲ +3%
Expenses
$413K
FY2024▲ +0.8%
Total assets
$247K
FY2024▼ -16%
Total liabilities
$51K
FY2024▲ +16%
Total revenue
$360K
Pt VIII · Ln 12
Total expenses
$413K
Pt IX · Ln 25
Net assets
$196K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$53K
Total assetsPt X · Ln 16$247K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

1 program service account for $302K of program spending, described in the organization's own filed words · FY2024.
01

Grace Playschool keeps high standards in a quality program in which children are exposed to activities which are age appropriate. Young children learn through play. Play experiences help the child develop in four main areas: physically, socially, emotionally, and intellectually.

$302Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGrace Playschool INC
EINHdr · item D11-2995340
Principal addressHdr · item CLynbrook, NY
WebsiteHdr · item Jwww.graceplayschool.com
Year of formationHdr · item L1992
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-President
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Fianacial Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$354K · 98%
Other revenue$6K · 2%
Program service revenue98%$354K
Other revenue2%$6K
Investment income$67
Total revenueLn 12$360K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$302K
Management & general27%$111K
Total functional expensesLn 25$413K

Balance Sheet

Part X · end of year
CashLn 1$247K
Total assetsLn 16$247K
Total liabilitiesLn 26$51K
Total net assetsLn 32$196K
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $247K · Operating expenses/yr $413K
7.2 months
Where the money goes
Program services
Program services $302K · Total expenses $413K
73%
Management & General
Management & general $111K · Total expenses $413K
27%
Fundraising
Fundraising $0 · Total expenses $413K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $360K
0%
Government reliance
Government grants — · Total revenue $360K
Earned-income share
Program service revenue $354K · Total revenue $360K
98%
Investment reliance
Investment income $67 · Total revenue $360K
+0.02%
Program self-sufficiency
Program service revenue $354K · Total expenses $413K
86%
Growth & trend
Revenue growth (YoY)
This year $360K · Prior year $349K
+3%
Revenue CAGR
FY2019 $305K · FY2024 $360K
+3%
Net-asset trend (YoY)
End of year $196K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $360K · Expenses $413K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $247K
Net-asset ratio
Net assets $196K · Total assets $247K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $247K
0%
People & payroll
Highest Reported Total Compensation
Individual Briana Fedele · Reported title CO-PRESIDENT · Highest reported compensation $0 · Total expenses $413K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $316K · Total expenses $413K
77%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Revenue growth 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$726

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$349K revenue · ⤓ 990 PDF
FY2023$423K revenue · ⤓ 990 PDF
FY2022$466K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$305K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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