St Nicholas Early Learning INC EIN 36-4824421

St Nicholas Early Learning INC

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Nurtures children's growth with quality programs and safe environments. For fiscal year 2024 it reported $822K in revenue, $846K in expenses, and $297K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Indianapolis, IN
Filings
5 on file (2020–2024)
Revenue
$822KFY2024
Expenses
$846K
Net assets
$297K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-4824421 Public charity (501(c)(3)) Indianapolis, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
Nurtures children's growth with quality programs and safe environments.
Leadership
Kay Hugus · Executive Dir. · $73K
Money in and out
$822K revenue, $846K expenses
Bottom line
89% program efficiency
Where the money goes · FY2024
Total revenue
$822K
Pt VIII · Ln 12
Total expenses
$846K
Pt IX · Ln 25
Net assets
$297K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$24K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate▲ +10% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▲ +88% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$822K
FY2024▲ +19%
Expenses
$846K
FY2024▼ -2%
Total assets
$301K
FY2024▲ +3%
Total liabilities
$4K
FY2024
Total revenue
$822K
Pt VIII · Ln 12
Total expenses
$846K
Pt IX · Ln 25
Net assets
$297K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$301K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $755K of program spending, described in the organization's own filed words · FY2024.
01

St. Nicholas Early Learning, Inc. opened in September 2016. It currently serves 57 children between the ages of 6 months and 4 years. This is at 100% capacity with a waiting list for infant care of over 20 families.

$755Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSt Nicholas Early Learning INC
EINHdr · item D36-4824421
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFJun 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$73,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Kay Hugus’s $73K as Executive Dir. is at the 64th percentile of top reported officer pay among 2165 $100K–1M human services 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Kay Hugus$73,000$81,076
Jill Brooks$79,000
Jill Brooks$75,962
Kay Hugus$7,154

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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Statement of Revenue

Part VIII
Program service revenue$491K · 60%
Contributions & grants$331K · 40%
Program service revenue60%$491K
Contributions & grants40%$331K
Investment income$3
— government grantsLn 1e$305K
Total revenueLn 12$822K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$755K
Management & general11%$91K
Total functional expensesLn 25$846K

Balance Sheet

Part X · end of year
CashLn 1$159K
Total assetsLn 16$301K
Total liabilitiesLn 26$4K
Total net assetsLn 32$297K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $159K · Operating expenses/yr $846K
2.3 months
Where the money goes
Program services
Program services $755K · Total expenses $846K
89%
Management & General
Management & general $91K · Total expenses $846K
11%
Fundraising
Fundraising $0 · Total expenses $846K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $29K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $331K · Total revenue $822K
40%
Government reliance
Government grants $305K · Total revenue $822K
37%
Earned-income share
Program service revenue $491K · Total revenue $822K
60%
Investment reliance
Investment income $3 · Total revenue $822K
<0.01%
Program self-sufficiency
Program service revenue $491K · Total expenses $846K
58%
Growth & trend
Revenue growth (YoY)
This year $822K · Prior year $690K
+19%
Revenue CAGR
FY2020 $541K · FY2024 $822K
+11%
Net-asset trend (YoY)
End of year $297K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $822K · Expenses $846K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $301K
Net-asset ratio
Net assets $297K · Total assets $301K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $301K
0%
People & payroll
Highest Reported Total Compensation
Individual Kay Hugus · Reported title Executive Dir. · Highest reported compensation $73K · Total expenses $846K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $695K · Total expenses $846K
82%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth 19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
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.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$156

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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
FY2024 (Latest)$822K revenue · viewing · ⤓ 990 PDF
FY2023$690K revenue · ⤓ 990 PDF
FY2022$984K revenue · ⤓ 990 PDF
FY2021$797K revenue · ⤓ 990 PDF
FY2020$541K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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