43rd Street Kids Preschool Inc.

Overview

43rd Street Kids Preschool Inc. is a non-profit, parent cooperative educational institution based in New York City. It is designated as a tax-exempt organization by the IRS and has been operational since its tax-exempt status was granted in June 1988. The organization primarily focuses on providing early childhood education to children from nine months to five years old.

Mission and Programs

The preschool offers a comprehensive curriculum that includes science, language arts, math concepts, social studies, art, music, and large and small motor skills development. This progressive educational approach emphasizes engaging children in various activities to foster holistic growth.

Financial Details

As of the latest available financial data, the preschool reported a revenue of approximately $362,886, with expenses totaling around $343,828. The net income from these operations was about $19,058. The organization's net assets were valued at approximately $43,847.

The revenue primarily comes from program services, which accounted for about 80.3% of total revenue. Contributions constituted about 19.1% of the total revenue, while other sources like fundraising added minimal percentages to the overall income.

Expenses were largely divided between executive compensation and other salaries and wages, which respectively accounted for about 25.2% and 51.8% of total expenses.

Governance and Leadership

The organization is managed by a board of directors, which has included members such as Leila Colbert, Janaya Sarwee, Nicholas Kohn, Gorazd Poposki, and Amanda Monaghan. The school director, Nancy Lilienthal, received compensation for her role, while other officers did not receive salary compensation.

Evaluation and Ratings

43rd Street Kids Preschool Inc. has received a rating of 3 out of 4 stars from Charity Navigator, indicating it as a legitimate educational organization.

Community Impact

As a parent cooperative, the preschool involves parents in its operations, promoting a collaborative environment for children's development and fostering community engagement. The organization is licensed by the city's health department and is recognized for its role in providing accessible early education in New York City.