Acorn School FY2022 filing

Tax-deductible

New York, NY501(c)(3)Since 1966EIN 13-2569414Revenue $1.6M in FY2022

On file with the IRSacornschoolny.com330 East 26th Street, 10010-1904 · New York, NYTax-exempt since Mar 1967School — 170(b)(1)(A)(ii)

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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.
$180K 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

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $277K a year · 16% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 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
$180K
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
11 mo
of spending, in cash
Looks good: 10.7 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
$38K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+3% vs prior year
Spent
$1.4M
To programs
88%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$1.6M
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$1.6M
FY2022$1.6M
FY2023$1.6M
FY2024$1.7M
FY2025$1.8M
Expenses
$1.4M
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
FY2025$1.5M
Net assets
$2.2M
FY2022▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.1M
FY2022$2.2M
FY2023$2.4M
FY2024$2.5M
FY2025$2.8M

From the FY2022 Form 990 (year ending June 2022) · 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: FY2025. 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% · $1.2M Management & general 12% · $172K

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

8 people listed on the 990; $180K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$180,354Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2021
01

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

$1.2Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$242K
Investment incomeLn 3$14K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$172K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.3M
LiabilitiesLn 26$38K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$242K
Government grantsLn 1e$150K
Fundraising eventsLn 1c$73K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$14K
Gains on assetsLn 7−$40K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$125K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$571K
Land, buildings, equipmentLn 10c$436K
Other assetsLn 15$23K
Total assetsLn 16$2.3M
LiabilitiesLn 26$38K
Net assetsLn 32$2.2M
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 FY22End FY22
Cash and savingsLn 1–2$1.0M$1.2M
InvestmentsLn 11–13$597K$571K
Land, buildings, equipmentLn 10c$462K$436K
Total assetsLn 16$2.1M$2.3M
LiabilitiesLn 26$0$38K
Net assetsLn 32$2.1M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$209K$188K$21K
Other salaries and wagesLn 7$640K$576K$64K
Pension plan contributionsLn 8$29K$26K$3K
Other employee benefitsLn 9$34K$30K$3K
Payroll taxesLn 10$67K$60K$7K
Legal feesLn 11b$750$750
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$48K$38K$10K
OccupancyLn 16$254K$229K$25K
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$51K$50K$552
Total functional expensesLn 25$1.4M$1.2M$172K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.5M$217K$2.8M 990 PDF
FY2024 $1.7M$1.5M$151K$2.5M 990 PDF
FY2023 $1.6M$1.4M$123K$2.4M 990 PDF
FY2022 Viewing $1.6M$1.4M$243K$2.2M 990 PDF
FY2021 $1.6M$1.3M$324K$2.1M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $1,639,656 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $364,526$241,622
I-9 Program service revenuePrior year $1,223,585$1,424,236
I-10 Investment incomePrior year $6,136−$26,202
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,594,247$1,639,656
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 $787,761$978,749
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $482,812$417,648
I-18 Total expensesPrior year $1,270,573$1,396,397
I-19 Revenue less expensesPrior year $323,674$243,259
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,639,656 across 9 lines filed
VIII-1c Fundraising events$72,780
VIII-1e Government grants$150,072
VIII-1f All other contributions, gifts and grants$18,770
VIII-1h Total contributions, gifts and grants$241,622
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,424,236$1,424,236
VIII-3 Investment incomeExcluded from tax $13,994$13,994
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$40,196−$40,196
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,424,236 · Unrelated business $0 · Excluded from tax −$26,202$1,639,656
Part IX · Statement of functional expenses $1,396,397 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $188,462 · Management $20,941$209,403
IX-7 Other salaries and wagesPrograms $576,376 · Management $64,044$640,420
IX-8 Pension plan contributionsPrograms $25,743 · Management $2,860$28,603
IX-9 Other employee benefitsPrograms $30,365 · Management $3,374$33,739
IX-10 Payroll taxesPrograms $59,926 · Management $6,658$66,584
IX-11b Legal feesManagement $750$750
IX-11c Accounting feesManagement $2,562$2,562
IX-11g Other fees for servicesManagement $10,245$10,245
IX-13 Office expensesPrograms $38,301 · Management $9,552$47,853
IX-16 OccupancyPrograms $228,732 · Management $25,414$254,146
IX-22 Depreciation, depletion and amortizationPrograms $25,752$25,752
IX-23 InsuranceManagement $25,512$25,512
IX-24 Other expenses (24a–d)Programs $50,276 · Management $552$50,828
IX-25 Total functional expensesPrograms $1,223,933 · Management $172,464 · Fundraising $0$1,396,397
Part X · Balance sheet $2,283,794 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $75,348$125,125
X-2 Savings and temporary cash investmentsStart of year $934,662$1,123,366
X-8 Inventories for sale or useStart of year $5,000$5,000
X-10c Land, buildings and equipment, netStart of year $461,852$436,100
X-11 Publicly traded securitiesStart of year $596,719$570,835
X-15 Other assetsStart of year $23,368$23,368
X-16 Total assetsStart of year $2,096,949$2,283,794
X-17 Accounts payable and accrued expenses$38,352
X-26 Total liabilitiesStart of year $0$38,352
X-27 Net assets without donor restrictionsStart of year $2,066,099$2,214,592
X-28 Net assets with donor restrictionsStart of year $30,850$30,850
X-32 Total net assets or fund balancesStart of year $2,096,949$2,245,442
X-33 Total liabilities and net assetsStart of year $2,096,949$2,283,794
Part XI · Reconciliation of net assets $2,245,442 net assets at year end
XI-1 Total revenue$1,639,656
XI-2 Total expenses$1,396,397
XI-3 Revenue less expenses$243,259
XI-4 Net assets at start of year$2,096,949
XI-5 Net unrealized gains (losses) on investments−$94,766
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,245,442

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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