Acorn School FY2024 filing

Tax-deductible

New York, NY501(c)(3)Since 1966EIN 13-2569414Revenue $1.7M in FY2024

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.
82¢ of each $1 spent went to programs.
$305K 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

FY2024 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$305K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
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
$291
0.01% of total assets
Looks good: liabilities are 0% 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
$1.7M
+8% vs prior year
Spent
$1.5M
To programs
82%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +8%
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
FY2024$1.8M
Expenses
$1.5M
FY2024▲ +7%
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
FY2024$1.5M
Net assets
$2.5M
FY2024▲ +6%
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
FY2024$2.8M

From the FY2024 Form 990 (year ending June 2024) · 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

82 cents of each dollar spent went to programs.

Program services 82% · $1.3M Management & general 18% · $278K

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

10 people listed on the 990; $305K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$197,503Pt VII · Sec A
Administrative Director
$107,127Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

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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 · $1.3M · in their own filed words · FY2023
01

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

$1.3Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$180K
Investment incomeLn 3$171K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$278K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$303K
Total assetsLn 16$2.5M
LiabilitiesLn 26$291
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$180K
Government grantsLn 1e$75K
Fundraising eventsLn 1c$79K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$171K
Gains on assetsLn 7$101K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$99K
SavingsLn 2$203K
Cash and savings togetherLn 1–2$303K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$411K
Other assetsLn 15$23K
Total assetsLn 16$2.5M
LiabilitiesLn 26$291
Net assetsLn 32$2.5M
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 FY24End FY24
Cash and savingsLn 1–2$328K$303K
InvestmentsLn 11–13$1.6M$1.8M
Land, buildings, equipmentLn 10c$433K$411K
Total assetsLn 16$2.4M$2.5M
LiabilitiesLn 26$37K$291
Net assetsLn 32$2.4M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$222K$200K$22K
Other salaries and wagesLn 7$714K$642K$71K
Pension plan contributionsLn 8$30K$27K$3K
Other employee benefitsLn 9$38K$34K$4K
Payroll taxesLn 10$69K$62K$7K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$30K$30K
Office expensesLn 13$14K$11K$3K
OccupancyLn 16$274K$247K$27K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$98K$38K$61K
Total functional expensesLn 25$1.5M$1.3M$278K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $1,690,270 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $170,056$179,620
I-9 Program service revenuePrior year $1,336,582$1,340,132
I-10 Investment incomePrior year $51,292$170,518
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,557,930$1,690,270
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 $948,859$1,072,262
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $486,310$466,925
I-18 Total expensesPrior year $1,435,169$1,539,187
I-19 Revenue less expensesPrior year $122,761$151,083
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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 $1,690,270 across 9 lines filed
VIII-1c Fundraising events$78,502
VIII-1e Government grants$74,868
VIII-1f All other contributions, gifts and grants$26,250
VIII-1h Total contributions, gifts and grants$179,620
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,340,132$1,340,132
VIII-3 Investment incomeExcluded from tax $69,829$69,829
VIII-7 Net gain or loss on sales of assetsExcluded from tax $100,689$100,689
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,340,132 · Unrelated business $0 · Excluded from tax $170,518$1,690,270
Part IX · Statement of functional expenses $1,539,187 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $199,547 · Management $22,172$221,719
IX-7 Other salaries and wagesPrograms $642,250 · Management $71,363$713,613
IX-8 Pension plan contributionsPrograms $27,069 · Management $3,008$30,077
IX-9 Other employee benefitsPrograms $34,094 · Management $3,788$37,882
IX-10 Payroll taxesPrograms $62,074 · Management $6,897$68,971
IX-11c Accounting feesManagement $4,605$4,605
IX-11g Other fees for servicesManagement $29,814$29,814
IX-13 Office expensesPrograms $11,250 · Management $2,806$14,056
IX-16 OccupancyPrograms $247,033 · Management $27,447$274,480
IX-22 Depreciation, depletion and amortizationManagement $22,437$22,437
IX-23 InsuranceManagement $23,085$23,085
IX-24 Other expenses (24a–d)Programs $37,727 · Management $60,721$98,448
IX-25 Total functional expensesPrograms $1,261,044 · Management $278,143 · Fundraising $0$1,539,187
Part X · Balance sheet $2,540,003 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $119,885$99,124
X-2 Savings and temporary cash investmentsStart of year $208,323$203,393
X-3 Pledges and grants receivable$3,625
X-8 Inventories for sale or useStart of year $5,000$5,000
X-10c Land, buildings and equipment, netStart of year $433,009$410,572
X-11 Publicly traded securitiesStart of year $1,636,145$1,794,921
X-15 Other assetsStart of year $23,368$23,368
X-16 Total assetsStart of year $2,425,730$2,540,003
X-17 Accounts payable and accrued expensesStart of year $37,101$291
X-26 Total liabilitiesStart of year $37,101$291
X-27 Net assets without donor restrictionsStart of year $2,357,779$2,508,862
X-28 Net assets with donor restrictionsStart of year $30,850$30,850
X-32 Total net assets or fund balancesStart of year $2,388,629$2,539,712
X-33 Total liabilities and net assetsStart of year $2,425,730$2,540,003
Part XI · Reconciliation of net assets $2,539,712 net assets at year end
XI-1 Total revenue$1,690,270
XI-2 Total expenses$1,539,187
XI-3 Revenue less expenses$151,083
XI-4 Net assets at start of year$2,388,629
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,539,712

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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