My First School EIN 30-0708514 Form 990 (PDF) Claim this org

My First School FY2023 filing

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Offers affordable, accessible education for children from nursery through kindergarten. For fiscal year 2023 it reported $293K in revenue, $286K in expenses, and $88K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Floral Park, NY
Website
www.myfirstschoolfp.org
Filings
6 on file (2020–2023)
Revenue
$293KFY2023
Expenses
$286K
Net assets
$88K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  30-0708514 Public charity (501(c)(3)) Floral Park, NY
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers affordable, accessible education for children from nursery through kindergarten.
Leadership
Jennifer Morrisey · Director · $60K
Money in and out
$293K revenue, $286K expenses
Bottom line
77% program efficiency
Where the money goes · FY2023
Total revenue
$293K
Pt VIII · Ln 12
Total expenses
$286K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.21 Fundraising $0.03
Program efficiency
77%
of spending reaches programs
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$293K
FY2023▼ -17%
Expenses
$286K
FY2023▲ +4%
Total assets
$306K
FY2023▲ +10%
Total liabilities
$218K
FY2023▲ +11%
Total revenue
$293K
Pt VIII · Ln 12
Total expenses
$286K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$306K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMy First School
EINHdr · item D30-0708514
Principal addressHdr · item CFloral Park, NY
WebsiteHdr · item Jwww.myfirstschoolfp.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B21)
Ruling yearIRS BMFAug 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$60,000Pt VII · Sec A
Finance Officer
$3,407Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Fundaising Off
$0Pt VII · Sec A

Jennifer Morrisey’s $65K as Director is at the 57th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2020
Jennifer Morrisey$64,910$60,000$59,640$57,396
Queenie Yu$3,514$3,407

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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Mission & Programs · Part III

Where the work happens

2 program services account for $220K of program spending, described in the organization's own filed words · FY2022.
01

Student Instructional Activities

$219Kprogram expense
02

Student Activities

$2Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$278K · 95%
Other revenue$16K · 5%
Program service revenue95%$278K
Other revenue5%$16K
Investment income$6
Total revenueLn 12$293K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.21 Fundraising $0.03
Program services77%$220K
Management & general21%$59K
Fundraising3%$7K
Total functional expensesLn 25$286K

Balance Sheet

Part X · end of year
CashLn 1$305K
Total assetsLn 16$306K
Total liabilitiesLn 26$218K
Total net assetsLn 32$88K
Months of cash on handcomputed12.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $305K · Operating expenses/yr $286K
12.8 months
Where the money goes
Program services
Program services $220K · Total expenses $286K
77%
Management & General
Management & general $59K · Total expenses $286K
21%
Fundraising
Fundraising $7K · Total expenses $286K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $293K
0%
Government reliance
Government grants — · Total revenue $293K
Earned-income share
Program service revenue $278K · Total revenue $293K
95%
Investment reliance
Investment income $6 · Total revenue $293K
<0.01%
Program self-sufficiency
Program service revenue $278K · Total expenses $286K
97%
Growth & trend
Revenue growth (YoY)
This year $293K · Prior year $353K
-17%
Net-asset trend (YoY)
End of year $88K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $293K · Expenses $286K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $306K
Net-asset ratio
Net assets $88K · Total assets $306K
29%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $306K
0%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Morrisey · Reported title Director · Highest reported compensation $60K · Total expenses $286K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $223K · Total expenses $286K
78%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 21%
Revenue growth -17%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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.

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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
FY2025 (Latest)$263K revenue · ⤓ 990 PDF
FY2024$284K revenue · ⤓ 990 PDF
FY2023$293K revenue · viewing · ⤓ 990 PDF
FY2022$353K revenue · ⤓ 990 PDF
FY2021$231K revenue · ⤓ 990 PDF
FY2020$213K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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