Framingham Centre Nursery Schoolinc
Framingham Centre Nursery School consistently operates with no officer compensation and generally positive net income.
EIN: 205296806 · Framingham, MA · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $416K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400,000. |
| Net Assets | $183K |
| Transparency Score | 90/100 |
Is Framingham Centre Nursery Schoolinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Framingham Centre Nursery Schoolinc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Framingham Centre Nursery Schoolinc
Framingham Centre Nursery Schoolinc (EIN: 205296806) is a nonprofit organization based in Framingham, MA, classified under NTEE code B21. The organization reported total revenue of $530K and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Framingham Centre Nursery Schoolinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Framingham Centre Nursery Schoolinc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $494K |
| Total Expenses | $416K |
| Surplus / Deficit | +$78K |
| Total Assets | $244K |
| Total Liabilities | $62K |
| Net Assets | $183K |
| Operating Margin | 15.7% |
| Debt-to-Asset Ratio | 25.2% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2023, Framingham Centre Nursery Schoolinc reported a surplus of $78K with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 25.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Framingham Centre Nursery Schoolinc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.8% | +15.0% | -22.3% |
| 2022 | +197.0% | +69.6% | +353.9% |
| 2021 | -71.0% | -63.7% | -58.3% |
| 2020 | -13.8% | +1.0% | -36.9% |
| 2019 | +12.8% | +11.4% | +30.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Framingham Centre Nursery Schoolinc with a Mission Score of 90 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, Framingham Centre Nursery Schoolinc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with revenues consistently over $400,000.
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.
Red Flags
The following concerns were identified during AI analysis of Framingham Centre Nursery Schoolinc's IRS 990 filings:
- Significant drop in assets from $314,365 in 202206 to $244,273 in 202306, warranting further investigation into the cause.
Strengths
The following positive indicators were identified for Framingham Centre Nursery Schoolinc:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication of resources to programs.
- Generally positive net income in recent years, demonstrating sound financial management (e.g., $493,576 revenue vs. $416,021 expenses in 202306).
- Healthy asset base relative to liabilities, suggesting good financial health and resilience.
- Clear mission alignment with NTEE code B21 (Preschools, Child Day Care).
Frequently Asked Questions about Framingham Centre Nursery Schoolinc
Is Framingham Centre Nursery Schoolinc a legitimate charity?
Framingham Centre Nursery Schoolinc (EIN: 205296806) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $530K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Framingham Centre Nursery Schoolinc spend its money?
Framingham Centre Nursery Schoolinc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Framingham Centre Nursery Schoolinc tax-deductible?
Framingham Centre Nursery Schoolinc is registered as a tax-exempt nonprofit (EIN: 205296806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Framingham Centre Nursery Schoolinc CEO make?
Framingham Centre Nursery Schoolinc's highest-compensated officer earns $400,000. annually. The organization reported $530K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Framingham Centre Nursery Schoolinc's spending goes to programs?
Framingham Centre Nursery Schoolinc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Framingham Centre Nursery Schoolinc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Framingham Centre Nursery Schoolinc is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Framingham Centre Nursery Schoolinc located?
Framingham Centre Nursery Schoolinc is headquartered in Framingham, Massachusetts and files with the IRS under EIN 205296806. It is classified under NTEE code B21.
How many years of IRS 990 filings does Framingham Centre Nursery Schoolinc have?
Framingham Centre Nursery Schoolinc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $530K in total revenue.
Is Framingham Centre Nursery School Inc. financially stable?
Yes, the organization appears financially stable, with revenues generally exceeding expenses in recent years (e.g., $493,576 revenue vs. $416,021 expenses in 202306) and healthy asset levels relative to liabilities.
How does Framingham Centre Nursery School Inc. manage executive compensation?
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for resource allocation to its mission.
Has the organization experienced significant financial fluctuations?
While there was a dip in revenue and a deficit in 202106 (Revenue=$146,102, Expenses=$213,218), the organization has shown strong recovery and consistent positive net income in subsequent years.
Filing History
IRS 990 filing history for Framingham Centre Nursery Schoolinc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Framingham Centre Nursery Schoolinc's revenue has grown by 24.4%, moving from $397K to $494K. Total assets increased by 208.3% over the same period, from $79K to $244K. Total functional expenses fell by 3%, from $429K to $416K. In its most recent filing year (2023), Framingham Centre Nursery Schoolinc reported a surplus of $78K, with revenue exceeding expenses. The organization holds $62K in liabilities against $244K in assets (debt-to-asset ratio: 25.2%), resulting in net assets of $183K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $494K | $416K | $244K | $62K | — | — |
| 2022 | $434K | $362K | $314K | $209K | — | View 990 |
| 2021 | $146K | $213K | $69K | $36K | — | View 990 |
| 2020 | $504K | $587K | $166K | $66K | — | View 990 |
| 2019 | $585K | $581K | $264K | $81K | — | View 990 |
| 2018 | $518K | $522K | $202K | $23K | — | — |
| 2017 | $535K | $544K | $254K | $73K | — | View 990 |
| 2016 | $496K | $472K | $262K | $72K | — | View 990 |
| 2015 | $406K | $406K | $223K | $57K | — | View 990 |
| 2014 | $441K | $358K | $224K | $59K | — | View 990 |
| 2013 | $327K | $285K | $150K | $67K | — | View 990 |
| 2012 | $426K | $399K | $103K | $61K | — | View 990 |
| 2011 | $397K | $429K | $79K | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $494K, expenses of $416K, and assets of $244K (revenue +13.8% year-over-year).
- 2022: Revenue of $434K, expenses of $362K, and assets of $314K (revenue +197.0% year-over-year).
- 2021: Revenue of $146K, expenses of $213K, and assets of $69K (revenue -71.0% year-over-year).
- 2020: Revenue of $504K, expenses of $587K, and assets of $166K (revenue -13.8% year-over-year).
- 2019: Revenue of $585K, expenses of $581K, and assets of $264K (revenue +12.8% year-over-year).
- 2018: Revenue of $518K, expenses of $522K, and assets of $202K (revenue -3.1% year-over-year).
- 2017: Revenue of $535K, expenses of $544K, and assets of $254K (revenue +7.8% year-over-year).
- 2016: Revenue of $496K, expenses of $472K, and assets of $262K (revenue +22.1% year-over-year).
- 2015: Revenue of $406K, expenses of $406K, and assets of $223K (revenue -7.9% year-over-year).
- 2014: Revenue of $441K, expenses of $358K, and assets of $224K (revenue +35.2% year-over-year).
- 2013: Revenue of $327K, expenses of $285K, and assets of $150K (revenue -23.4% year-over-year).
- 2012: Revenue of $426K, expenses of $399K, and assets of $103K (revenue +7.4% year-over-year).
- 2011: Revenue of $397K, expenses of $429K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Framingham Centre Nursery Schoolinc:
Data Sources and Methodology
This transparency report for Framingham Centre Nursery Schoolinc 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.