Wayland Creative Pre-school Inc
Nonprofit profile at a glance
- EIN
- 042767364
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Wayland, MA, USA
- Phone
- 5083584348
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $621,027
- Expenses
- $595,398
- Assets
- $598,365
- Liabilities
- $288,381
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- SUSANNE GEIGER (PRES/EXEC DIR/TEACHER): $88,569 total reported compensation
- ANGELA W BOHEIM (CLERK/BOOKKEEPER & OFFICE): $7,961 total reported compensation
- STEPHEN GEIGER (BOARD MEMBER/MAINTENANCE): $3,876 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wayland creative pre-school, inc. Is concerned with the development of the whole child. Our aim is to provide a warm, secure, stimulating environment which will promote intellectual, social, emotional and physical growth.important goals for the program are: to encourage the development of confidence and self-esteem.to promote close social relationships among the children and between the child and his/her teachers.to provide an age-appropriate curriculum designed to expand creativity and self-expression through language, art, music, and movement and to stimulate and develop cognitive and physical skills.to provide resources to help parents gain insight into their children and the challenge of child-rearing.
What it reported doing in 2024
Wayland creative preschool, inc. Is licensed by the commonwealth of Massachusetts department of early education and care ("deec") to provide child care and pre-school education for up to 39 children from ages two to six years old and is located in wayland, Massachusetts. The school program runs each year from september through june. As a pre-school, it aims to provide a secure, nurturing and stimulating environment which promotes intellectual, social, emotional and physical growth of the children in its care. We ensure school readiness through a thoughtfully designed curriculum and a well-planned classroom environment. We also support parents and families in the community by providing parenting seminars, being a resource to families and creating opportunities for families to network and support one another. Revenues are received primarily from parents through tuition, registration fees and extended day fees.
Operating model
- Revenue model
- Earned-program. 93% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 62
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.9%; rating input score 80
- Program expense ratio: 84.2%; rating input score 84
- 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: 50%; rating input score 50; 11th 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: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.1%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 16.9%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 79.9% of revenue deployed · 84.2% of spending went to programs
- Governance: 3 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $501K in reported program spending
- Leadership: top reported pay $89K · 6 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 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: Independent voting board scored 50/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- High — Sustainability: Officer compensation ratio scored 19/100.