Corner Nursery School
Corner Nursery School shows consistent revenue growth and strong asset accumulation with zero liabilities and no reported officer compensation.
EIN: 10287217 · Falmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $64K |
| Program Spending | 85% |
| Net Assets | $64K |
| Transparency Score | 85/100 |
Is Corner Nursery School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corner Nursery School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corner Nursery School
Corner Nursery School (EIN: 10287217) is a nonprofit organization based in Falmouth, ME. The organization reported total revenue of $77K and total assets of $63K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corner Nursery School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corner Nursery School is a micro nonprofit that has been operating for 52 years, with 4 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $64K |
| Surplus / Deficit | +$24K |
| Total Assets | $64K |
| Net Assets | $64K |
| Operating Margin | 27.1% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2024, Corner Nursery School reported a surplus of $24K with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2024), Corner Nursery School's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +84.2% | +31.0% | +162.7% |
| 2020 | -13.8% | +2.4% | -6.7% |
| 2019 | +72.4% | +63.3% | +125.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Corner Nursery School with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Corner Nursery School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership is either volunteer-based or compensated through mechanisms not categorized as officer compensation, which is highly efficient for a small nonprofit.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Corner Nursery School:
- Consistent revenue growth, increasing from $31,930 in 2011 to $87,441 in 2024.
- Strong financial health with zero reported liabilities across all filings.
- Significant asset accumulation, growing from $11,530 in 2011 to $63,555 in 2024.
- Highly efficient with 0% reported officer compensation.
- Consistent generation of surpluses, indicating sound financial management.
Frequently Asked Questions about Corner Nursery School
Is Corner Nursery School a legitimate charity?
Corner Nursery School (EIN: 10287217) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 4 years of IRS 990 filings on record. Total revenue: $77K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Corner Nursery School spend its money?
Corner Nursery School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Corner Nursery School tax-deductible?
Corner Nursery School is registered as a tax-exempt nonprofit (EIN: 10287217). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Corner Nursery School's spending goes to programs?
Corner Nursery School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Corner Nursery School located?
Corner Nursery School is headquartered in Falmouth, Maine and files with the IRS under EIN 10287217.
How many years of IRS 990 filings does Corner Nursery School have?
Corner Nursery School has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $77K in total revenue.
What is the NTEE code for Corner Nursery School?
The NTEE code for Corner Nursery School is currently unknown based on the provided data, which limits detailed sector-specific analysis.
How does Corner Nursery School manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, contributing to lower administrative costs.
What is the primary reason for the significant increase in assets from $11,530 in 2011 to $63,555 in 2024?
The significant increase in assets is primarily due to the organization consistently generating more revenue than expenses, as seen in periods like 2024 ($87,441 revenue vs. $63,732 expenses), allowing for the accumulation of surpluses.
Filing History
IRS 990 filing history for Corner Nursery School showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2024), Corner Nursery School's revenue has grown by 173.9%, moving from $32K to $87K. Total assets increased by 451.2% over the same period, from $12K to $64K. Total functional expenses rose by 119%, from $29K to $64K. In its most recent filing year (2024), Corner Nursery School reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $87K | $64K | $64K | $0 | — | — |
| 2020 | $47K | $49K | $24K | $0 | — | View 990 |
| 2019 | $55K | $48K | $26K | $0 | — | View 990 |
| 2011 | $32K | $29K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $87K, expenses of $64K, and assets of $64K (revenue +84.2% year-over-year).
- 2020: Revenue of $47K, expenses of $49K, and assets of $24K (revenue -13.8% year-over-year).
- 2019: Revenue of $55K, expenses of $48K, and assets of $26K (revenue +72.4% year-over-year).
- 2011: Revenue of $32K, expenses of $29K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corner Nursery School:
Data Sources and Methodology
This transparency report for Corner Nursery School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.