2024-11-15T12:13:26-06:00 2024-06-30 043257840 CRR LLP 545 Salem Street Wakefield MA 01880 990 2023-07-01 042534124 Winchester Cooperative Nursery School Inc WINC 7817292003 478 Main Street Winchester MA 01890 Liz DeHaven President - Current 7817292003 2024-11-14 1 0 Richard P Daigle CPA P00290808 7812797788 2024-11-14 2023 2024-10-15 13:58:12Z Liz DeHaven 478 Main Street Winchester MA 01890 595439 0 X www.winchestercoop.org X 1973 MA Cooperative nursery school 16 16 14 70 0 0 13223 22163 523603 554104 4354 19172 0 0 541180 595439 0 0 0 0 420844 436537 0 0 3591 150407 155762 571251 592299 -30071 3140 661189 687364 284360 307395 376829 379969 Cooperative nursery school 0 0 553524 573276 To provide a coeducational nondiscriminatory preschool service to approximately 70 to 75 students in a parent cooperative setting. 553524 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 14 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Lietza Molloy 7817292003 478 Main Street Winchester MA 01890 Liz DeHaven President 1.00 X X 0 0 0 Kerry Cucinatti Vice President of Committes 1.00 X 0 0 0 Elizabeth Molloy Treasurer 4.00 X X 8312 0 0 Conor Daly Secretary 1.00 X 0 0 0 Meghan Sheehan Communications Chair 1.00 X 0 0 0 Eliza Hanley Enrollment Chair 1.00 X 0 0 0 Lori Vitale Fundraising 1.00 X 0 0 0 Laura Vitale Health 1.00 X 0 0 0 Lauren Dowley Legal Advisor, Class Liais 1.00 X 0 0 0 Kristen Tepper Class Liaison 1.00 X 0 0 0 Alexandra Konisky Class Liaison 1.00 X 0 0 0 Alyssa Loring Tirella Class Liaison 1.00 X 0 0 0 Christine Wagner Class Liaison 1.00 X 0 0 0 Lauren Taylor Class Liaison 1.00 X 0 0 0 Molly Rappoli Class Liaison 1.00 X 0 0 0 Jenna Belisle Class Liaison 1.00 X 0 0 0 8312 0 0 0 0 0 0 0 22163 22163 Tuition Current Year 624410 553457 553457 647 647 554104 19172 19172 595439 573276 0 0 8312 8312 397147 397147 31078 31078 13250 13250 5263 5263 38667 38667 8521 8521 9966 9966 Indoor Maintenance 25550 25550 Contract Labor 16611 16611 Administrative & Cleric 9416 9416 Outdoor Supplies/ Maint 8031 8031 20487 12409 4487 3591 592299 553524 35184 3591 82396 124975 548659 536379 7868 8976 105043 88009 22266 17034 661189 687364 11489 9983 272871 297412 284360 307395 X 373187 377237 3642 2732 376829 379969 661189 687364 3140 0 X 0 1 X 1 0 X 3642 3642 3642 3642 3642 3642 4552 910 3642 4552 4552 0 0 105043 88009 17034 17034 X 595439 0 595439 0 595439 592299 0 592299 0 592299 Part X, Line 2: The School is exempt from income taxes under Section 501(c) (3) of the Internal Revenue Code (the "Code") and is not a private foundation. Section 501(c) (3) of the Code provides for the exemption of organizations that are organized and operated exclusively for religious charitable, scientific, literacy or educational purposes and whose net earnings do not benefit any private shareholder or individual. Contributions to the School are tax deductible. The School is required to file an annual information return with the Internal Revnue Service and the Commonwealth of Massachusetts. The School has either filed or extended the time to file the annual information returns and has not been notified by any federal or state taxing authorities of any matters that would jeopardize the School's tax-exempt status. Accordingly, no income tax expense has been recorded in the financial statements. The Financial Accounting Standards Board (FASB) issued ASC Topic 740, "Income taxes" (ASC 740). ASC 740 clarifies the accounting for income taxes by prescribing a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined in ASC 740 as a tax position that is more likely than not to be sustained upon examination by the applicable tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The uncertain tax position standard must be applied to all existing tax positions upon initial adoption. As of June 30, 2024 and 2023 , the School had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740. The School's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the years ended June 30, 2024 and 2023. Generally, the School's three preceding tax years are subject to examination by federal and state taxing authorities. There are no income tax examinations currently in process. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 During registration and enrollment the school is advertised as non-discriminatory, non-denominational and coeducational. Form 990, Part VI, Section B, line 11b The Organization's Board of Directors receives a copy of the Federal Form 990 and state tax returns and performs a review for any omissions, errors, concerns or discrepancies with the reviewed financial statements prior to the date the tax returns are submitted for filing with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Board of Directors is required to disclose any potential conflicts of interest and is required to sign a disclosure statement upon appointment. Form 990, Part VI, Section B, line 15 The Organization's Head of Personnel and President set and review the annual salary of the Executive Director. Form 990, Part VI, Section C, line 19 Documents are made available to the public upon request or are available via the Massachusetts Attorney General's Office website for public charities.