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Nonprofiteer
← CHILDRENS HOUSE AT SERENBE INC

Form 990 for tax year 2023

Filed by CHILDRENS HOUSE AT SERENBE INC.

Totals

Total revenue
$3,752,807
Total expenses
$2,891,071
Contributions and grants received
$795,261
Grants paid
$0
Program service revenue
$2,818,824
Investment income
-$1,434
Other revenue
$140,156
Total assets, end of year
$13,853,651
Total liabilities, end of year
$6,673,229
Net assets or fund balances, end of year
$7,180,422
Program services expenses (Part IX)
$2,845,710
Management and general expenses
$42,384
Fundraising expenses
$2,977
Program service expenses (Part III)
$2,845,710

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $7,955

  • 1f · All other contributions, gifts and grants

    $787,306

  • 1g · Noncash contributions included above

    $50,916

  • 2a · Program service revenue: TUITION AND ENROLLMENT

    total $2,170,947 · related or exempt $2,170,947

  • 2b · Program service revenue: SCHOLARSHIP FUNDS

    total $647,877 · related or exempt $647,877

  • 3 · Investment income

    total $3,603 · excluded $3,603

  • 7a · Gross sales of assets other than inventory

    securities $27,492 · other assets $50,000

  • 7b · Less cost or other basis and sales expenses

    securities $30,882 · other assets $51,647

  • 7c · Gain or loss

    securities -$3,390 · other assets -$1,647

  • 7d · Net gain or loss

    total -$5,037 · excluded -$5,037

  • 8a · Fundraising events: gross income

    $154,598

  • 8b · Fundraising events: direct expenses

    $17,717

  • 8c · Net income from fundraising events

    total $136,881 · excluded $136,881

  • 11a · Other revenue: ACTIVITY COMMISSIONS

    total $3,275 · excluded $3,275

  • 11e · Other revenue, total

    $3,275

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,549,354 · program services $1,549,354

  • 9 · Other employee benefits

    total $1,571 · program services $1,571

  • 10 · Payroll taxes

    total $120,154 · program services $120,154

  • 11b · Fees: legal

    total $2,400 · management and general $2,400

  • 11c · Fees: accounting

    total $21,482 · management and general $21,482

  • 11g · Fees: other

    total $27,039 · program services $20,820 · management and general $6,219

  • 12 · Advertising and promotion

    total $14,885 · program services $11,908 · fundraising $2,977

  • 13 · Office expenses

    total $14,262 · program services $5,562 · management and general $8,700

  • 14 · Information technology

    total $32,983 · program services $29,602 · management and general $3,381

  • 16 · Occupancy

    total $17,791 · program services $17,791

  • 17 · Travel

    total $801 · program services $801

  • 19 · Conferences, conventions and meetings

    total $3,845 · program services $3,845

  • 20 · Interest

    total $469,484 · program services $469,484

  • 22 · Depreciation, depletion and amortization

    total $277,583 · program services $277,583

  • 23 · Insurance

    total $83,765 · program services $83,765

  • 24a · Other expenses: MATERIALS & SUPPLIES

    total $79,074 · program services $79,074

  • 24b · Other expenses: NEW BUILDING EXPENSES

    total $63,322 · program services $63,322

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $45,452 · program services $45,452

  • 24d · Other expenses: TRAINING

    total $35,838 · program services $35,838

  • 24e · All other expenses

    total $29,986 · program services $29,784 · management and general $202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $343,154 · end of year $112,987

  • 2 · Savings and temporary cash investments

    beginning of year $206,701 · end of year $342,679

  • 10a · Land, buildings and equipment: cost or other basis

    $13,635,191

  • 10b · Land, buildings and equipment: accumulated depreciation

    $295,274

  • 10c · Land, buildings and equipment, net

    beginning of year $11,332,625 · end of year $13,339,917

  • 14 · Intangible assets

    beginning of year $77,424 · end of year $58,068

  • 23 · Secured mortgages and notes payable

    beginning of year $5,448,530 · end of year $6,502,385

  • 24 · Unsecured notes and loans payable

    beginning of year $158,867 · end of year $158,867

  • 25 · Other liabilities

    beginning of year $33,821 · end of year $11,977

  • 27 · Net assets without donor restrictions

    beginning of year $2,868,686 · end of year $7,180,422

  • 28 · Net assets with donor restrictions

    beginning of year $3,450,000 · end of year $0

Mission and programs · 2023

Mission

OUR LIFELONG LEARNERS WILL THRIVE IN A DIVERSE AND EVOLVING WORLD, EQUIPPED TO CONTRIBUTE PURPOSEFULLY TO SOCIETY WITH RESILIENCE, INTELLECTUAL HUMILITY, AN ETHICAL COMPASS, AND UNLIMITED CURIOSITY.

Activities or mission (Part I)

OUR COMMUNITY-BASED STEAM SCHOOL IGNITES A LIFELONG LOVE FOR LEARNING IN OUR STUDENTS THROUGH A LEARNER-CENTRIC, EXPERIENTIAL, AND CULTURALLY RESPONSIVE EDUCATION.

  • PROVIDED 193 PRIMARY, ELEMENTARY, AND MIDDLE SCHOOL STUDENTS WITH MONTESSORI AND ACTON EDUCATION FOR ALL OR PART OF THE YEAR.

    Expenses $2,845,710 · Revenue $2,818,824

As filed on the 2023 return.

Listed in Part VII

  • John Mattis

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    15

  • Colin Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    7

  • Peter Vantine

    SECRETARY

    Total calculated
    $0
    Hours/week
    7

  • Todd Ryan

    MEMBER

    Total calculated
    $0
    Hours/week
    7

  • April Ledom

    MEMBER

    Total calculated
    $0
    Hours/week
    7

  • Brett Hardin

    HEAD OF SCHOOL

    Total calculated
    $203,600
    From this org
    $200,000
    From related orgs
    $0
    Other
    $3,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,600
    Filer's total
    $203,600

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2025
IRS schema version
2023v6.0
Source object
202541359349313359

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