Summit Nursery School FY2022 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 1985EIN 22-2561844

Nursery school services

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
2 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
100%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
8 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $178
Funders’ Sch. I, 990-PF
Do they carry debt?
$314K
liabilities
Pt X · Ln 26
Who oversees it?
11
independent of 12 voting board members
Pt VI · Ln 1a–1b
Revenue
$446K
+12% vs prior year
Spent
$450K
To programs
100%
Net assets
$11K
By yearFY2020–FY2024
Revenue
$446K
FY2022▲ +12%
Revenue by fiscal year
FY2020$340K
FY2021$397K
FY2022$446K
FY2023$741K
FY2024$688K
FY2024$712K
Expenses
$450K
FY2022▲ +5%
Expenses by fiscal year
FY2020$473K
FY2021$427K
FY2022$450K
FY2023$487K
FY2024$557K
FY2024$637K
Net assets
$11K
FY2022▼ -28%
Net assets by fiscal year
FY2020$64K
FY2021$16K
FY2022$11K
FY2023$266K
FY2024$398K
FY2024$473K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSummit Nursery School
EINHdr · item D22-2561844
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1985
Year of formationHdr · item L1985
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPhiladelphia, PA
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.thebigbackyard.net

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Fundraising $0.00
Program services100%$450K
Fundraising$165
Total functional expensesLn 25$450K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
8.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$325K
FY2022▲ +1%
Total assets by fiscal year
FY2020$296K
FY2021$321K
FY2022$325K
FY2023$428K
FY2024$563K
FY2024$640K
Total liabilities
$314K
FY2022▲ +3%
Total liabilities by fiscal year
FY2020$232K
FY2021$305K
FY2022$314K
FY2023$162K
FY2024$166K
FY2024$166K
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$325K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$311K
Total assetsLn 16$325K
Total liabilitiesLn 26$314K
Total net assetsLn 32$11K
Months of cash on handcomputed8.3

Statement of Revenue

Part VIII
Program service revenue$429K · 96%
Contributions & grants$8K · 2%
Other revenue$9K · 2%
Program service revenue96%$429K
Contributions & grants2%$8K
Other revenue2%$9K
Investment income$25
Total revenueLn 12$446K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $311K · Operating expenses/yr $450K
8.3 months
Where the money goes
Program services
Program services $450K · Total expenses $450K
100%
Management & General
Management & general $0 · Total expenses $450K
0%
Fundraising
Fundraising $165 · Total expenses $450K
0.04%
Cost to raise $1
Fundraising expense (3-yr avg) $222 · Solicited contributions (3-yr avg) $14K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $8K · Total revenue $446K
2%
Government reliance
Government grants — · Total revenue $446K
—
Earned-income share
Program service revenue $429K · Total revenue $446K
96%
Investment reliance
Investment income $25 · Total revenue $446K
<0.01%
Program self-sufficiency
Program service revenue $429K · Total expenses $450K
95%
Growth & trend
Revenue growth (YoY)
This year $446K · Prior year $397K
+12%
Net-asset trend (YoY)
End of year $11K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $446K · Expenses $450K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $325K
—
Net-asset ratio
Net assets $11K · Total assets $325K
4%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $325K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Megan Ellis · Reported title Liaison with Landlord · Highest reported compensation $0 · Total expenses $450K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $284K · Total expenses $450K
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 2%——
Revenue growth 12%——
Legal fee ratio 0.4%——
Fundraising fee ratio 0.04%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Liaison with Landlord
$0Pt VII · Sec A
Registrar
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Enrollment Coordinator
$0Pt VII · Sec A
Health and Safety Coordinator
$0Pt VII · Sec A
Room Representative
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023
Judith Mercuris$62,279$54,463$46,780
Annie Harkins$26,383$26,444$20,000

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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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Summit Nursery School is a nonprofit based in Philadelphia, PA, formed in 1985.

Provided by the organization

This section is blank until Summit Nursery School claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $450K of program spending, described in the organization's own filed words · FY2021.
01

Provided nursery school services during the regular school year. Provided nursery school services during the summer. Provided nursery school services during extended hours.

$450Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$178

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $688K$557K-7% 990 PDF
FY2023 $741K$487K+66% 990 PDF
FY2022 Viewing $446K$450K+12% 990 PDF
FY2021 $397K$427K+17% 990 PDF
FY2020 $340K$473K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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