Carol Nursery School FY2021 filing

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Preschool education

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
$60K 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

FY2021 · 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
1 of 5
filings with a surplus
Average deficit $10K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $333K in investments, Pt X · Ln 11–13
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $48K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$125K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$260K
Spent
$344K
To programs
59%
Net assets
$393K
By yearFY2021–FY2025
Revenue
$260K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$260K
FY2022$411K
FY2023$605K
FY2024$499K
FY2025$437K
Expenses
$344K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$344K
FY2022$443K
FY2023$468K
FY2024$500K
FY2025$508K
Net assets
$393K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$393K
FY2022$392K
FY2023$530K
FY2024$662K
FY2025$591K

From the FY2021 Form 990 (year ending July 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1960.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $202K Management & general 41% · $142K

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

15 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$60,429Pt VII · Sec A
General Board
$0Pt VII · Sec A
General Board
$0Pt VII · Sec A
General Board
$0Pt VII · Sec A
General Board
$0Pt VII · Sec A
General Board
$0Pt VII · Sec A
General Board
$0Pt VII · Sec A
General Board
$0Pt VII · Sec A

Sara Miller’s $63K as Director is at the 56th percentile of top reported officer pay among 1613 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Sara Miller$63,215$63,052$61,236$59,299$60,429

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 Carol Nursery School executive salaries →

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

Carol Nursery School is an education nonprofit based in Shaker Hts, OH, formed in 1932.

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1 program · $202K · in their own filed words · FY2020
01

Nursery school providing children with socialization skills and educational training at the preschool level. From sept 2020 - june 2021, 43 benefitted from the schools PROGRAM.IN july 2021, 43 students attended camp.

$202Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$48K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$260K
Ln 12
Fees for servicesLn 2g$228K
Other incomeLn 4–11$20K
Investment incomeLn 3$6K
Money outPt IX
$344K
Ln 25
Programscol B$202K
Managementcol C$142K
Owns and owesPt X
$393K
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$518K
LiabilitiesLn 26$125K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$228K
Investment incomeLn 3$6K
Other incomeLn 4–11$20K
Total revenueLn 12$260K
Assets in detailPt X, end of year
CashLn 1−$441
SavingsLn 2$185K
Cash and savings togetherLn 1–2$184K
InvestmentsLn 11–13$333K
Total assetsLn 16$518K
LiabilitiesLn 26$125K
Net assetsLn 32$393K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$228K$184K
InvestmentsLn 11–13$324K$333K
Total assetsLn 16$552K$518K
LiabilitiesLn 26$75K$125K
Net assetsLn 32$477K$393K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$60K
Other salaries and wagesLn 7$139K$97K$41K
Payroll taxesLn 10$43K$21K$22K
Legal feesLn 11b$304$304
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$400$400
Advertising and promotionLn 12$544$544
Office expensesLn 13$2K$528$2K
Information technologyLn 14$2K$2K
OccupancyLn 16$57K$57K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$9K$7K$2K
Other expenses (24a–d)Ln 24$14K$14K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$344K$202K$142K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 15, 2026 $437K$508K−$71K$591K 990 PDF
FY2024Filed with the IRS Feb 4, 2025 $499K$500K−$280$662K 990 PDF
FY2023Filed with the IRS Dec 14, 2023 $605K$468K$137K$530K 990 PDF
FY2022Filed with the IRS Dec 15, 2022 $411K$443K−$32K$392K 990 PDF
FY2021 ViewingFiled with the IRS Dec 15, 2021 $260K$344K−$84K$393K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $259,688 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,398$5,528
I-9 Program service revenuePrior year $423,341$228,349
I-10 Investment incomePrior year $15,584$5,977
I-11 Other revenuePrior year $2,789$19,834
I-12 Total revenuePrior year $450,112$259,688
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $301,759$242,048
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $111,009$101,955
I-18 Total expensesPrior year $412,768$344,003
I-19 Revenue less expensesPrior year $37,344−$84,315
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $259,688 across 8 lines filed
Lines not itemized here account for $7,034 of total revenue; see the IRS return.
VIII-1a Federated campaigns$243
VIII-1f All other contributions, gifts and grants$5,285
VIII-1h Total contributions, gifts and grants$5,528
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $223,746$223,746
VIII-3 Investment incomeRelated to mission $5,977$5,977
VIII-8 Net income from fundraising eventsExcluded from tax $2,553$2,553
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,850$14,850
VIII-12 Total revenueRelated to mission $251,607 · Unrelated business $0 · Excluded from tax $2,553$259,688
Part IX · Statement of functional expenses $344,003 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $60,429$60,429
IX-7 Other salaries and wagesPrograms $97,206 · Management $41,393$138,599
IX-10 Payroll taxesPrograms $21,011 · Management $22,009$43,020
IX-11b Legal feesManagement $304$304
IX-11c Accounting feesManagement $12,306$12,306
IX-11g Other fees for servicesPrograms $400$400
IX-12 Advertising and promotionPrograms $544$544
IX-13 Office expensesPrograms $528 · Management $1,933$2,461
IX-14 Information technologyManagement $1,518$1,518
IX-16 OccupancyPrograms $57,045$57,045
IX-19 Conferences, conventions and meetingsPrograms $1,500$1,500
IX-23 InsurancePrograms $7,138 · Management $1,893$9,031
IX-24 Other expenses (24a–d)Programs $14,132$14,132
IX-24e All other expensesPrograms $2,714$2,714
IX-25 Total functional expensesPrograms $202,218 · Management $141,785 · Fundraising $0$344,003
Part X · Balance sheet $517,674 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $200−$441
X-2 Savings and temporary cash investmentsStart of year $227,935$184,775
X-11 Publicly traded securitiesStart of year $323,841$333,340
X-16 Total assetsStart of year $551,976$517,674
X-17 Accounts payable and accrued expensesStart of year $74,572$124,585
X-26 Total liabilitiesStart of year $74,572$124,585
X-31 Retained earnings or endowmentStart of year $477,404$393,089
X-32 Total net assets or fund balancesStart of year $477,404$393,089
X-33 Total liabilities and net assetsStart of year $551,976$517,674
Part XI · Reconciliation of net assets $393,089 net assets at year end
XI-1 Total revenue$259,688
XI-2 Total expenses$344,003
XI-3 Revenue less expenses−$84,315
XI-4 Net assets at start of year$477,404
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$393,089

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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