Silverspot Nursery School

Nonprofit profile at a glance

EIN
371456852
IRS 990-EZ coverage
2019–2023
Forms available
Form 990 2022, Form 990-EZ 2023
Location
Brisbane, CA, USA
Phone
4156570142
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Reported finances

Revenue
$153,966
Expenses
$189,836
Assets
$68,555
Liabilities
$15,500

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • EMRAH ARSLANTURK (PRESIDENT (THRU 6/30/24))
  • THOMAS FAUST (VICE PRESIDENT (FROM 1/26 TO 6/30))

People named in this filing

  • DIANA JI (TEACHER/DIRECTOR)
  • EMRAH ARSLANTURK (PRESIDENT (THRU 6/30/24))
  • THOMAS FAUST (VICE PRESIDENT (FROM 1/26 TO 6/30))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Silverspot is a parent-run, non-profit nursery school working to create a community of encouragement and learning for familes. We offer preschool education for children ages 2-6 years.

What it reported doing in 2023

Our purpose is to provide a positive, safe healthy environment in which children learn through play-based curriculum. We offer preschool education for children ages 2 to 6 years.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% for member benefits.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 15
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.8%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -23.3%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 42.8%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 37.4% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -3.6% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -4.6% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $172K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.