East Hanover Cooperative Nursery School Inc
Nonprofit profile at a glance
- EIN
- 222722030
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- East Hanover, NJ, USA
- Phone
- 9735150477
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $208,480
- Expenses
- $216,396
- Assets
- $74,993
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- SANDY BERRES (FORMER CO-VICE PRESIDENT)
- FRANCESCA COSTELLO (VICE PRESIDENT)
- GENIE FIGLIULO (FORMER TREASURER/PRESIDENT)
- MARIE GAUDERT (PRESIDENT)
Highest reported compensation
- LAUREN GUAIMANO (DIRECTOR (THRU 11/2024)): $28,305 total reported compensation
- RACHEL STRONG (FORMER SECRETARY/DIRECTOR 11/2024): $3,994 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of this nursey school shall be to encourage children, whose age fits the determined age range to develop in the following areas: social adjustments through activity and planning, health and saftey habits, academic readiness and motor skills.
What it reported doing in 2024
Young 3's programwe want your child's first exposure to school to be a positive experience that sets the tone for a lifetime of learning. The young 3's program highlights this joy of learning. In addition, age appropriate social skills are emphasized, including taking turns and sharing, learning about friendship, and using kind words.during this year, colors, shapes, and letter and number recognition is introduced. Fine motor skills are honed with art projects and crafts that are based on holidays and seasons. Large motor skills are developed through outside playground play and indoor activities with the parachute, tunnels, and listen and move activities.parents are encouraged to bring the fun from school home! Every month, the children learn a new set of songs and parents receive the words so they can sing along. Three-year-old programwe continue the social and academic skills introduced in the young 3's program. For new students, we strive to make the child's first school experience a positive and enjoyable one while creating a safe place for learning and making friends. Socialization is particularly stressed, including instilling the values of friendship, sharing, and kindness.through arts and crafts and using examples from the environment around us, we emphasize letter and number recognition along with shapes and colors. Every day at circle time we go around the room to each child and identify colors on their clothing and look around the room to identify shapes. The seasons and the calendar are discussed, including days of the week, months, year.children also learn a new set of songs each month to celebrate the holidays and the seasons. Along with the songs, children enthusiastically use finger play and hand motions to incorporate large motor skills into the fun. Large motor skills are developed through playing at the playground, climbing through tunnels, and playing with the parachute, obstacle course, and scooters.four-year-old programwe provide children with a loving and nurturing atmosphere that fosters social skills of respect, manners, and friendliness. In this caring social foundation, the children eagerly learn life and academic skills. They'll also learn their phone numbers and addresses and how to write their names, alphabet, and numbers. We focus on learning through play, promoting imagination and creativity balanced with structure.lunch bunch programthe east hanover cooperative nursery school is now offering a lunch bunch program in addition to the existing 3's class. The teacher is jennifer knapp. Jennifer earned her associate's degree from essex county college in early childhood education, and a bachelor's degree in general humanities from montclair state university. Previously, jennifer has been working as a substitute teacher and as an enrichment teacher in local school systems.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 90
- Accountability: 84
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3.8%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 14.9%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $210K in reported program spending
- Leadership: top reported pay $28K · 8 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 5 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- High — Sustainability: Officer compensation ratio scored 24/100.