Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $47,216

• 1e · Government grants (contributions)

  $5,229,739

• 1f · All other contributions, gifts and grants

  $5,239,672

• 1g · Noncash contributions included above

  $2,124,228

• 2a · Program service revenue: FEES FROM GOVT AGENCIES

  total $7,813,538 · related or exempt $7,813,538

• 2b · Program service revenue: PARENT FEES FOR SERVICES

  total $127,146 · related or exempt $127,146

• 3 · Investment income

  total $148,438 · excluded $148,438

• 7a · Gross sales of assets other than inventory

  securities $293,010

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

  securities $251,026

• 7c · Gain or loss

  securities $41,984

• 7d · Net gain or loss

  total $41,984 · excluded $41,984

• 8a · Fundraising events: gross income

  $16,120

• 8a · Fundraising events: contributions included on line 1c

  $47,216

• 8b · Fundraising events: direct expenses

  $20,590

• 8c · Net income from fundraising events

  total -$4,470 · excluded -$4,470

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $2 · excluded $2

• 11e · Other revenue, total

  $2

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $783,755 · program services $783,755

• 2 · Grants to domestic individuals

  total $459,758 · program services $459,758

• 5 · Compensation of officers, directors and key employees

  total $265,835 · program services $23,166 · management and general $204,059 · fundraising $38,610

• 7 · Other salaries and wages

  total $5,704,861 · program services $5,201,712 · management and general $347,911 · fundraising $155,238

• 9 · Other employee benefits

  total $992,046 · program services $864,616 · management and general $81,392 · fundraising $46,038

• 10 · Payroll taxes

  total $449,065 · program services $393,775 · management and general $41,105 · fundraising $14,185

• 11b · Fees: legal

  total $13,489 · management and general $13,489

• 11c · Fees: accounting

  total $60,000 · management and general $60,000

• 11f · Fees: investment management

  total $9,884 · management and general $9,884

• 11g · Fees: other

  total $559,072 · program services $459,530 · management and general $91,939 · fundraising $7,603

• 12 · Advertising and promotion

  total $10,339 · program services $8,126 · management and general $2,213

• 13 · Office expenses

  total $234,800 · program services $97,455 · management and general $132,624 · fundraising $4,721

• 14 · Information technology

  total $39,632 · program services $25,157 · management and general $9,421 · fundraising $5,054

• 16 · Occupancy

  total $639,486 · program services $498,639 · management and general $126,117 · fundraising $14,730

• 17 · Travel

  total $166,453 · program services $158,351 · management and general $7,891 · fundraising $211

• 19 · Conferences, conventions and meetings

  total $91,318 · program services $87,579 · management and general $3,739

• 20 · Interest

  total $102,002 · program services $17,161 · management and general $84,841

• 22 · Depreciation, depletion and amortization

  total $112,134 · program services $94,999 · management and general $17,135

• 24a · Other expenses: UBIT PAYMENTS

  total $2,642 · management and general $2,642

• 24b · Other expenses: PROVIDER STIPENDS

  total $3,328,084 · program services $3,328,084

• 24c · Other expenses: OTHER SUPPLIES

  total $229,625 · program services $227,136 · management and general $2,489

• 24d · Other expenses: FOOD FOR PROGRAMS

  total $171,999 · program services $168,925 · management and general $3,074

• 24e · All other expenses

  total $171,246 · program services $103,965 · management and general $57,028 · fundraising $10,253

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,001,702 · end of year $1,030,757

• 2 · Savings and temporary cash investments

  beginning of year $851,339 · end of year $284,240

• 4 · Accounts receivable

  beginning of year $3,271,741 · end of year $3,125,687

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $818,717

• 9 · Prepaid expenses and deferred charges

  beginning of year $58,511 · end of year $37,099

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

  $5,294,844

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

  $3,014,563

• 10c · Land, buildings and equipment, net

  beginning of year $1,084,687 · end of year $2,280,281

• 11 · Investments: publicly traded securities

  beginning of year $1,958,170 · end of year $2,282,896

• 12 · Investments: other securities

  beginning of year $2,358,949 · end of year $2,519,876

• 15 · Other assets

  beginning of year $3,480,965 · end of year $11,572,987

• 17 · Accounts payable and accrued expenses

  beginning of year $1,162,427 · end of year $1,436,461

• 23 · Secured mortgages and notes payable

  beginning of year $607,175 · end of year $4,637,697

• 25 · Other liabilities

  beginning of year $256,957 · end of year $434,082

• 27 · Net assets without donor restrictions

  beginning of year $8,299,429 · end of year $12,651,452

• 28 · Net assets with donor restrictions

  beginning of year $4,740,076 · end of year $4,792,848

The filer's explanations (Part III)

PART I, LINE 3

THE PROCESS FOR DETERMINING THE COMPENSATION OF THE CEO OF SPRINGFIELD DAY NURSERY INVOLVES A REVIEW BY THE ORGANIZATION'S ENTIRE EXECUTIVE COMMITTEE. INITIALLY, AN AD HOC COMMITTEE MAKES A RECOMMENDATION FOR THE CEO'S SALARY BASED ON COMPARABILITY DATA OBTAINED FROM 4 OR 5 LOCAL NOT-FOR-PROFITS WITH SIMILAR MISSIONS AND ACTIVITIES. THIS INFORMATION ALONG WITH THE HISTORY OF THE CEO'S SALARY INCREASES AND PERFORMANCE EVALUATIONS IS PRESENTED TO THE FULL EXECUTIVE COMMITTEE TO SUPPORT THE SALARY RECOMMENDATION. THE EXECUTIVE COMMITTEE DECIDES THE APPROPRIATE COMPENSATION FOR THE CEO. THE CEO'S CONTRACT IS REVIEWED EVERY FEW YEARS, MOST RECENTLY AT 12/30/24 AND APPROVED WITH A 3% INCREASE.