Acorn School FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 1966EIN 13-2569414

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To provide a local nursery School for children ages 20 months through four years old.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$170K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $289K a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$170K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$152K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
Spent
$1.3M
To programs
88%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$1.9M
FY2020
Revenue by fiscal year
FY2020$1.9M
FY2021$1.6M
FY2022$1.6M
FY2023$1.6M
FY2024$1.7M
FY2024$1.8M
Expenses
$1.3M
FY2020
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
FY2024$1.5M
Net assets
$1.8M
FY2020
Net assets by fiscal year
FY2020$1.8M
FY2021$2.1M
FY2022$2.2M
FY2023$2.4M
FY2024$2.5M
FY2024$2.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.1M Management & general 12% · $156K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $170K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$169,988Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nicole Donnelly$168,600$197,503$209,142$180,354$174,443$169,988
Helene Daub$117,233$107,127$113,089———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Acorn School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers a local nursery school for children aged 20 months to four years.

Provided by the organization

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1 program · $1.1M · in their own filed words · FY2019
01

The acorn school is a nursery school for children ages 20 months through four years old. Approximately 60 children attend the school.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.8M
Other incomeLn 4–11$60K
Gifts and grantsLn 1h$43K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$156K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$814K
Total assetsLn 16$1.9M
LiabilitiesLn 26$152K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$8K
Other incomeLn 4–11$60K
Gains on assetsLn 7$1K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$723K
Cash and savings togetherLn 1–2$814K
InvestmentsLn 11–13$591K
Land, buildings, equipmentLn 10c$491K
Other assetsLn 15$23K
Total assetsLn 16$1.9M
LiabilitiesLn 26$152K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 518
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$814K
InvestmentsLn 11–13$591K
Land, buildings, equipmentLn 10c$488K$491K
Total assetsLn 16$1.7M$1.9M
LiabilitiesLn 26$508K$152K
Net assetsLn 32$1.2M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$167K$150K$17K
Other salaries and wagesLn 7$595K$536K$60K
Other employee benefitsLn 9$70K$63K$7K
Payroll taxesLn 10$55K$50K$6K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$4K$4K
Office expensesLn 13$31K$25K$6K
Information technologyLn 14$3K$3K
OccupancyLn 16$270K$243K$27K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$37K$35K$2K
All other expensesLn 24e$2K$1K$693
Total functional expensesLn 25$1.3M$1.1M$156K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.7M$1.5M$151K$2.5M 990 PDF
FY2023 $1.6M$1.4M$123K$2.4M 990 PDF
FY2022 $1.6M$1.4M$243K$2.2M 990 PDF
FY2021 $1.6M$1.3M$324K$2.1M 990 PDF
FY2020 Viewing $1.9M$1.3M$606K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (5 parts)
Part I · Summary $1,868,935 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,000$43,072
I-9 Program service revenuePrior year $1,242,965$1,758,055
I-10 Investment incomePrior year $14,093$7,797
I-11 Other revenuePrior year $95,130$60,011
I-12 Total revenuePrior year $1,362,188$1,868,935
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $826,608$887,658
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $430,587$375,399
I-18 Total expensesPrior year $1,257,195$1,263,057
I-19 Revenue less expensesPrior year $104,993$605,878
Part VIII · Statement of revenue $1,868,935 across 8 lines filed
VIII-1c Fundraising events$10,000
VIII-1f All other contributions, gifts and grants$33,072
VIII-1h Total contributions, gifts and grants$43,072
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,758,055$1,758,055
VIII-3 Investment incomeExcluded from tax $6,581$6,581
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,216$1,216
VIII-8 Net income from fundraising eventsExcluded from tax $60,011$60,011
VIII-12 Total revenueRelated to mission $1,758,055 · Unrelated business $0 · Excluded from tax $67,808$1,868,935
Part IX · Statement of functional expenses $1,263,057 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $150,482 · Management $16,720$167,202
IX-7 Other salaries and wagesPrograms $535,750 · Management $59,529$595,279
IX-9 Other employee benefitsPrograms $62,816 · Management $6,979$69,795
IX-10 Payroll taxesPrograms $49,845 · Management $5,537$55,382
IX-11c Accounting feesManagement $5,723$5,723
IX-11g Other fees for servicesManagement $3,830$3,830
IX-13 Office expensesPrograms $24,968 · Management $6,227$31,195
IX-14 Information technologyPrograms $3,100$3,100
IX-16 OccupancyPrograms $243,451 · Management $27,049$270,500
IX-23 InsuranceManagement $21,611$21,611
IX-24 Other expenses (24a–d)Programs $35,262 · Management $2,145$37,407
IX-24e All other expensesPrograms $1,340 · Management $693$2,033
IX-25 Total functional expensesPrograms $1,107,014 · Management $156,043 · Fundraising $0$1,263,057
Part X · Balance sheet $1,924,911 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $106,283$91,757
X-2 Savings and temporary cash investmentsStart of year $1,052,008$722,663
X-8 Inventories for sale or useStart of year $5,000$5,000
X-10c Land, buildings and equipment, netStart of year $488,279$490,695
X-11 Publicly traded securities$591,428
X-15 Other assetsStart of year $23,368$23,368
X-16 Total assetsStart of year $1,674,938$1,924,911
X-17 Accounts payable and accrued expensesStart of year $2,457$5,622
X-25 Other liabilitiesStart of year $0$145,986
X-26 Total liabilitiesStart of year $508,057$151,608
X-27 Net assets without donor restrictionsStart of year $1,136,031$1,742,453
X-28 Net assets with donor restrictionsStart of year $30,850$30,850
X-32 Total net assets or fund balancesStart of year $1,166,881$1,773,303
X-33 Total liabilities and net assetsStart of year $1,674,938$1,924,911
Part XI · Reconciliation of net assets $1,773,303 net assets at year end
XI-1 Total revenue$1,868,935
XI-2 Total expenses$1,263,057
XI-3 Revenue less expenses$605,878
XI-4 Net assets at start of year$1,166,881
XI-5 Net unrealized gains (losses) on investments$544
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,773,303

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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