Martinsville Giving Nest Inc
Nonprofit profile at a glance
- EIN
- 020693987
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Watchung, NJ, USA
- Phone
- 9082221003
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $2,241,237
- Expenses
- $1,569,872
- Assets
- $1,714,344
- Liabilities
- $182,013
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- DEBORAH HANNON (BOARD MEMBER/PRESIDENT)
Highest reported compensation
- BARBARA MAXWELL (DIRECTOR): $110,600 total reported compensation
- TARA GUNTHER (BOARD MEMBER/CO-DIRECTOR): $68,846 total reported compensation
- KATHLEEN SMITH (BOARD MEMBER/CO-DIRECTOR): $67,346 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our commitment is to provide our families with the highest quality child care at affordable rates. The giving nest provides individualized attention to all children. By keeping our child/teacher ratio below state regulations our dedicated staff can provide the one-on-one attention your child deserves. Every class follows a carefully planned daily schedule; offering ample time for learning new things, creating projects, socializing with friends, exploring the diversified toys in the classrooms, and playing outside in our beautiful, fenced-in playground.
What it reported doing in 2024
The giving nest preschools provide childcare, early education and kindergarten classes for children age 2 to 6 in somerset county located in northern New Jersey. The martinsville giving nest has three locations, warren, pluckemin and watchung. The watchung location also houses the administrative and program services. We have been an established and beloved part of our community since 2001. We offer childcare for over 350 students each year. Part time, full time, and extended care programs are available at each location; hours typically run from 8:00 to 5:00 monday through friday, september through june. A summer camp is offered at both the watchung and warren schools. Besides caring for our neighborhood youth, we also employ over 70 local residents as teachers, teacher assistants and office staff. Our teachers demonstrate their respect for children by encouraging them to think critically, make their own decisions, solve problems independently, and share their ideas and emotions. Children that attend our schools learn and practice social skills and participate in fun and exciting academic lessons daily, ensuring a successful transition to the local grammar schools once they leave us. Besides providing a safe and nurturing school we are acutely aware of the high cost of child care and do everything possible to keep our cost reasonable for our parents, our fee is considerably lower than day cares in our area.
Operating model
- Revenue model
- Earned-program. 70% 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 92
- Accountability: 32
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.2%; rating input score 64
- Program expense ratio: 92%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 30%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 1.09; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 5%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 64.2% of revenue deployed · 92% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $111K · 4 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.