2024-04-05T09:47:14-05:00 2023-06-30 042442519 EDELSTEIN & COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2022-07-01 043326852 SPRUCE STREET NURSERY SCHOOL INC SPRU 6174825252 5 AVERY STREET BOSTON MA 02111 CHRISTINA GUEVIN EXECUTIVE DIRECTOR 6174825252 2024-04-05 1 CHRISTINA GUEVIN 999009999 0 EUGENE BORGONZI P01269879 6172276161 2024-04-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTINA GUEVIN 5 AVERY STREET BOSTON MA 02111 2510756 0 X WWW.SPRUCESTREET.ORG X 1996 MA TO PROVIDE A NURSERY SCHOOL ENVIRONMENT THAT SUPPORTS THE DEVELOPMENT OF YOUNG CHILDREN AND FOSTERS CREATIVE THINKING. 12 10 17 25 0 0 352488 644989 1552153 1666104 6303 66062 -39273 -62318 1871671 2314837 43500 11256 0 0 1268171 1462416 0 0 42201 391618 520882 1703289 1994554 168382 320283 2884052 4198131 410015 1419576 2474037 2778555 X FOUNDED IN 1996, SPRUCE STREET NURSERY SCHOOL WAS CREATED TO PROVIDE AN ENVIRONMENT THAT SUPPORTS THE DEVELOPMENT OF YOUNG CHILDREN AND FOSTERS CREATIVE THINKING, WHILE OFFERING FAMILIES THE OPPORTUNITY TO PARTICIPATE IN A COMMUNITY COMMITTED TO EXCELLENCE IN EARLY LEARNING. TEACHING COMPASSION AND RESPECT THROUGH LISTENING AND UNDERSTANDING IS A FUNDAMENTAL TENET OF OUR EDUCATIONAL APPROACH. THROUGH HONORING OTHERS' IDEAS, CHILDREN COME TO REALIZE HOW VALUABLE THEIR OWN IDEAS ARE. CHILDREN AT SPRUCE STREET DEVELOP A STRONG SENSE OF THEMSELVES AS INDIVIDUALS AND LEARNERS, WHILE GROWING TO APPRECIATE THEIR SIGNIFICANCE AS MEMBERS OF A LARGER COMMUNITY. 0 0 1423648 11256 1666104 SPRUCE STREET NURSERY SCHOOL PROVIDES A JOYOUS EARLY LEARNING EXPERIENCE FOR CHILDREN 2 THROUGH 5 YEARS, AND ACCOMMODATES A MAXIMUM OF 49 CHILDREN AT ANY GIVEN TIME IN 4 SEPARATE CLASSES. BY MAINTAINING A TEACHER TO CHILD RATIO OF 1 TO 4.5 THROUGHOUT THE SCHOOL, A NURTURING NURSERY SCHOOL ENVIRONMENT WHERE EACH CHILD'S INDIVIDUAL DEVELOPMENT IS GIVEN THOUGHTFUL ATTENTION.FROM SEPTEMBER THROUGH JUNE, THE SCHOOL PROVIDES A MONDAY - FRIDAY NURSERY SCHOOL CURRICULUM FROM 8:30 AM TO 1:00 PM, WITH EARLY DROP OFF AND EXTENDED DAY OPTIONS AVAILABLE. A MODIFIED CURRICULUM IS AVAILABLE IN JUNE, JULY AND AUGUST THROUGH THE SCHOOL'S "SUMMER CAMP". 1423648 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X THE BOARD OF DIRECTORS 6174825252 5 AVERY STREET BOSTON MA 02111 CHRISTINA GUEVIN EXECUTIVE DIRECTOR 45.00 X X 161439 0 61325 LESLIE RHODES ASSISTANT DIRECTOR 40.00 X X 101734 0 24337 SPENCER HAUGHT DIRECTOR 1.00 X 0 0 0 CAROLINE HAYES CHAIR/DIRECTOR 1.00 X X 0 0 0 SAM SPIRN DIRECTOR 1.00 X 0 0 0 NICHOLAS VANTZELFDE DIRECTOR 1.00 X 0 0 0 MORGAN HOLZAEPFEL SECRETARY/DIRECTOR 1.00 X X 0 0 0 TYLER LEWIS DIRECTOR 1.00 X 0 0 0 ALEX VANNONI DIRECTOR 1.00 X 0 0 0 MIKE KACZMAREK DIRECTOR 1.00 X 0 0 0 MATT SALZLER DIRECTOR 1.00 X 0 0 0 NATE THORNE TREASURER/DIRECTOR 1.00 X X 0 0 0 263173 0 85662 2 0 1 0 0 214054 172643 258292 110176 644989 TUITION AND FEES 611600 1666104 1666104 1666104 66062 66062 133601 214054 195919 -62318 -62318 2314837 1666104 0 3744 256 256 11000 11000 490844 141345 321118 28381 739677 704251 28520 6906 8408 2160 6159 89 141868 115466 22331 4071 81619 66229 12669 2721 20335 20335 79627 19661 59933 33 4677 4677 78759 31552 47207 161159 153416 7743 32568 30940 1628 21239 20177 1062 CLASSROOM MATERIALS & S 54749 54749 PARENT & FAMILY PROGRAM 54207 54207 TEACHER TRAINING & GIFT 13562 13562 1994554 1423648 528705 42201 955 28229 2216194 2765756 37888 35615 27311 34382 1148451 817632 360844 330819 240860 1003330 2884052 4198131 72803 68710 210705 323020 126507 1027846 410015 1419576 X 2474037 2778555 2474037 2778555 2884052 4198131 X 320283 -15765 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 668023 664442 3581 112772 91999 20773 367656 61191 306465 330819 457 NONQUALIFIED DEFERRED COMPENSATION RETIREMENT PLAN 140073 OPERATING LEASERIGHT-OF-USE ASSET, NET 863257 1003330 DEFERRED COMPENSATION PAYABLE 158573 OPERATING LEASE LIABILITY 869273 1027846 2389580 85743 85743 2303837 11000 11000 2314837 2085062 101508 101508 1983554 11000 11000 1994554 PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS NETTED AGAINST REVENUE ON FORM 990 STATEMENT OF REVENUE 85,743. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 11,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE TUITIONS 15,765. SPECIAL EVENT COSTS NETTED AGAINST REVENUE ON FORM 990 STATEMENT OF REVENUE 85,743. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 11,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED AT ALL TIMES ON THE SCHOOL'S WEBSITE WWW.SPRUCESTREET.ORG. IT IS THE LAST PARAGRAPH ON ITS HOMEPAGE. THE POLICY IS ALSO PUBLICIZED ON PAGE 5 OF THE SCHOOL'S PARENT HANDBOOK. SILENT AUCTION 347655 214054 133601 110176 9242 48265 28236 347655 214054 133601 110176 9242 48265 28236 195919 -62318 1 NEED BASED TUITION REDUCTION 1 11000 0 N/A N/A PART I, LINE 2: THE TUITION REDUCTION ASSISTANCE PROVIDED TO STUDENTS MUST BE USED AT THE SPRUCE STREET NURSERY SCHOOL IN FURTHERANCE OF THE STUDENTS EDUCATION. FOR GRANTS THAT ARE GIVEN TO ORGANIZATIONS TAX-EXEMPT UNDER 501(C)(3), THE SCHOOL RELIES ON THE IRS'S OVERSIGHT OF THE GRANTEE AS THEY HAVE AN EXEMPTION FROM THE IRS. X X 0 1 0 0 0 0 0 0 0 CHRISTINA GUEVIN EXECUTIVE DIRECTOR 141939 0 19500 0 0 0 54076 0 7249 0 222764 0 0 0 PART I, LINE 4B CHRISTINA GUEVIN, EXECUTIVE DIRECTOR - SHE BECAME VESTED IN THE PLAN ONCE SHE FULFILLED 5 YEARS OF SERVICE ON JANUARY 1, 2023. THE CURRENT BALANCE IS ZERO AS OF JUNE 30, 2023. THE FULL AMOUNT OF $166,245 WAS PAID TO HER ON FEBRUARY 3, 2023 AND WILL APPEAR ON HER CALENDAR YEAR 2023 W-2. X VARIOUS AUCTION ITEMS 119 110176 COMPARABLE SALES 0 0 0 PART I, COLUMN (B): THE SCHOOL RECEIVED 119 ITEMS FOR ITS AUCTION FROM VARIOUS DONORS. FORM 990, PART VI, SECTION A, LINE 2 CAROLINE HAYES AND NATE THORNE - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS APPOINTED A CURRENT MEMBER WITH A FAMILIARITY WITH NOT-FOR-PROFIT FINANCIAL DOCUMENTS TO ACT AS A LIAISON BETWEEN THE AUDITORS AND THE BOARD. THE LIAISON WORKS CLOSELY WITH THE SCHOOL'S ASSISTANT DIRECTOR AND THE AUDITOR ON THE AUDIT AND IRS FORM 990, BOTH OF WHICH ARE THEN PRESENTED TO THE FINANCE COMMITTEE FOR APPROVAL. THE APPROVAL RECOMMENDATION OF THE FINANCE COMMITTEE IS THEN MADE TO THE BOARD AS A WHOLE AND RATIFIED BY A VOTE. THE PRESENTATION AND FORMAL APPROVAL OF THE DOCUMENTS IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AT THE ANNUAL MEETINGS. BOARD MEMBERS MUST DISCLOSE ANY CONFLICTS THROUGHOUT THE YEAR AND MUST BE RECUSED FROM VOTING ON ANY ISSUES WHERE THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTEE REVIEWS AND EVALUATES CURRENT SALARIES AND BONUSES FOR BOTH THE DIRECTOR AND ASSISTANT DIRECTOR AND PROPOSES ANY RAISES OR ADJUSTMENTS TO THE BOARD FOR APPROVAL. INDIVIDUAL TEACHER SALARIES AND ANY BONUSES ARE DETERMINED BY THE FINANCE COMMITTEE, WITH INPUT FROM THE ADMINISTRATION, AS PART OF BUDGET DEVELOPMENT. COMPARISON DATA IS REQUESTED FROM AND SHARED WITH SIMILAR SCHOOLS IN THE AREA AND USED IN MAKING SALARY DETERMINATIONS. THE BUDGET IS APPROVED BY THE BOARD AS A WHOLE AND THE VOTE AND DISCUSSION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE TUITIONS -15,765. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART I, LINE 6 OUR VOLUNTEERS ARE PARENTS OF CHILDREN ATTENDING SPRUCE STREET. THE NUMBER VARIES YEAR TO YEAR. OUR VOLUNTEER PARENTS ASSIST IN COORDINATING OUR FUND RAISING EFFORTS AND PARTICIPATE IN ADMISSION EVENTS, HOLIDAY PARTIES AND CHARITABLE GIVING EFFORTS. THERE WERE 25 PARENTS PROVIDING SUCH ASSISTANCE DURING THE YEAR ENDED JUNE 30, 2023.