Barrow Street Nursery School at Greenwich House Inc

What it reported doing in 2024

Barrow street nursery school (bsns) was founded in 1986 to serve families in greenwich village by providing an independent, progressive early childhood program. In 2006, greenwich house assumed ownership of the school. Through high-quality programming and active community engagement, bsns builds a foundation for lifelong learning, appreciation of the arts, and care for community and the environment. Recent innovations include new full-day classrooms for 3s and 4s, a brand new fire alarm system in the building, upgraded safety functions, expanded extended-day options, and the creation of a materials atelier where children collaborate using loose parts and recycled materials to inspire imaginative construction and creativity.bsns serves approximately 185 children ages 19 months to 5 years. The school's progressive approach centers on collaboratively designed learning experiences and an emergent curriculum that supports children's developing identity, agency, and sense of belonging. Teachers engage in ongoing observation and reflection to deepen learning, and family partnerships are fostered through meaningful dialogue and mutual support. The school community is strengthened by the diverse backgrounds and perspectives of its children, staff, and families.bsns offers nursery school classes for children ages 2-5, a toddler program, afterschool and summer extension programs, and parent education. Scholarships are provided to families with demonstrated financial need through funds raised by the parent community. Community engagement initiatives have included drives to support victims of the l.a. Fires as well as greenwich house senior and youth centers. The school's primary revenue source is tuition, supplemented by family donations supporting scholarships and special initiatives such as teacher professional development.

Financial Efficiency

• Mission deployment rate: 81.7%; rating input score 82
• Program expense ratio: 86.6%; rating input score 87
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 95%; rating input score 95; 25th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4.2%; rating input score 48; 48th percentile among comparable filings
• Total-asset coverage ratio: 1.47; rating input score 51; 51st percentile among comparable filings
• Liabilities to assets ratio: 0.54; rating input score 19; 19th percentile among comparable filings
• Officer compensation ratio: 13.8%; rating input score 21; 21st percentile among comparable filings

Growth

• Program expense growth: 8.3% per year; rating input score 100; 57th percentile among comparable filings
• Revenue growth: 7.9% per year; rating input score 100; 59th percentile among comparable filings
• Asset growth: 10% per year; rating input score 100; 59th percentile among comparable filings