Watchung Cooperative Nursery School
Watchung Cooperative Nursery School: Consistent Operations, Modest Reserves
EIN: 222136701 · Montclair, NJ · NTEE: B21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $308K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $139K |
| Transparency Score | 75/100 |
Is Watchung Cooperative Nursery School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Watchung Cooperative Nursery School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Watchung Cooperative Nursery School
Watchung Cooperative Nursery School (EIN: 222136701) is a nonprofit organization based in Montclair, NJ, classified under NTEE code B21Z. The organization reported total revenue of $345K and total assets of $177K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Watchung Cooperative Nursery School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Watchung Cooperative Nursery School is a small nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $313K |
| Total Expenses | $308K |
| Surplus / Deficit | +$4K |
| Total Assets | $177K |
| Total Liabilities | $38K |
| Net Assets | $139K |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 21.7% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2024, Watchung Cooperative Nursery School reported a surplus of $4K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 21.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Watchung Cooperative Nursery School's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.2% | -7.1% | +5.1% |
| 2023 | -17.5% | -8.8% | -11.9% |
| 2022 | +26.9% | +9.2% | -6.0% |
| 2021 | +6.2% | +41.2% | -8.3% |
| 2020 | -14.2% | -7.3% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Watchung Cooperative Nursery School with a Mission Score of 75 out of 100 (Good). 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, Watchung Cooperative 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.7%.
Executive Compensation Analysis
Executive compensation is not a concern as the organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings.
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 Watchung Cooperative Nursery School's IRS 990 filings:
- Net assets have shown a declining trend in recent years, from $221,589 in 2020 to $177,198 in 2024, indicating a potential draw on reserves or insufficient revenue generation.
- The organization has frequently operated with expenses exceeding revenue, as seen in 2023 ($297,076 revenue vs. $331,497 expenses) and 2022 ($360,271 revenue vs. $363,668 expenses).
Strengths
The following positive indicators were identified for Watchung Cooperative Nursery School:
- Consistent operational history with annual revenues generally above $250,000.
- Strong commitment to its mission, as evidenced by the high percentage of spending allocated to programs.
- Zero executive compensation demonstrates a volunteer-driven or highly efficient administrative structure.
- Maintains a healthy level of liquidity with current assets consistently exceeding liabilities.
Frequently Asked Questions about Watchung Cooperative Nursery School
Is Watchung Cooperative Nursery School a legitimate charity?
Watchung Cooperative Nursery School (EIN: 222136701) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $345K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Watchung Cooperative Nursery School spend its money?
Watchung Cooperative Nursery School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Watchung Cooperative Nursery School tax-deductible?
Watchung Cooperative Nursery School is registered as a tax-exempt nonprofit (EIN: 222136701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Watchung Cooperative Nursery School CEO make?
Watchung Cooperative Nursery School's highest-compensated officer earns $0 annually. The organization reported $345K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Watchung Cooperative Nursery School's spending goes to programs?
Watchung Cooperative Nursery School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Watchung Cooperative Nursery School compare to similar nonprofits?
With a transparency score of 75/100 (Good), Watchung Cooperative Nursery School is above average for NTEE category B21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Watchung Cooperative Nursery School located?
Watchung Cooperative Nursery School is headquartered in Montclair, New Jersey and files with the IRS under EIN 222136701. It is classified under NTEE code B21Z.
How many years of IRS 990 filings does Watchung Cooperative Nursery School have?
Watchung Cooperative Nursery School has 14 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 $345K in total revenue.
What does Watchung Cooperative Nursery School do?
Watchung Cooperative Nursery School is a nonprofit organization in the Education sector, located in Montclair, New Jersey. It is classified under NTEE code B21Z.
How much revenue does Watchung Cooperative Nursery School have?
Watchung Cooperative Nursery School reported total revenue of $345,075. Based on 14 IRS 990 filings on record.
What are Watchung Cooperative Nursery School's total assets?
Watchung Cooperative Nursery School holds total assets of $177,198 as reported in IRS 990 filings.
Where is Watchung Cooperative Nursery School located?
Watchung Cooperative Nursery School is based in Montclair, New Jersey.
What is Watchung Cooperative Nursery School's EIN?
Watchung Cooperative Nursery School's Employer Identification Number (EIN) is 222136701. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Watchung Cooperative Nursery School?
Watchung Cooperative Nursery School is classified under NTEE code B21Z (Education).
Is Watchung Cooperative Nursery School a registered 501(c)(3)?
Yes, Watchung Cooperative Nursery School is recognized as a tax-exempt organization by the IRS. EIN: 222136701.
Does Watchung Cooperative Nursery School file IRS Form 990?
Yes, Watchung Cooperative Nursery School has 14 IRS Form 990 filings on record. The most recent covers tax period 202408.
What was Watchung Cooperative Nursery School's revenue in 2024?
In the 202408 filing period, Watchung Cooperative Nursery School reported total revenue of $312,515, total expenses of $308,058, and net assets of $177,026.
Is Watchung Cooperative Nursery School's revenue growing or declining?
Watchung Cooperative Nursery School's revenue is growing. Revenue went from $297,076 (202308) to $312,515 (202408), a +5.2% change. Based on 14 filings on record.
What is Watchung Cooperative Nursery School's most recent 990 filing?
The most recent IRS Form 990 filing for Watchung Cooperative Nursery School covers tax period 202408. It shows revenue of $312,515, expenses of $308,058, total assets of $177,026, and liabilities of $38,433.
How much does Watchung Cooperative Nursery School spend on programs vs administration?
Based on IRS 990 analysis, Watchung Cooperative Nursery School allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Watchung Cooperative Nursery School a trustworthy charity?
Based on AI analysis of IRS 990 data, Watchung Cooperative Nursery School appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Watchung Cooperative Nursery School?
The following concerns were identified: Net assets have shown a declining trend in recent years, from $221,589 in 2020 to $177,198 in 2024, indicating a potential draw on reserves or insufficient revenue generation.. The organization has frequently operated with expenses exceeding revenue, as seen in 2023 ($297,076 revenue vs. $331,497 expenses) and 2022 ($360,271 revenue vs. $363,668 expenses).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Watchung Cooperative Nursery School's strengths?
Positive indicators for Watchung Cooperative Nursery School include: Consistent operational history with annual revenues generally above $250,000.. Strong commitment to its mission, as evidenced by the high percentage of spending allocated to programs.. Zero executive compensation demonstrates a volunteer-driven or highly efficient administrative structure.. Maintains a healthy level of liquidity with current assets consistently exceeding liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Watchung Cooperative Nursery School compensate executives?
Executive compensation is not a concern as the organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Watchung Cooperative Nursery School?
• Financial statements are publicly available through IRS Form 990 filings. • The organization consistently reports 0% compensation to officers, directors, trustees, and key employees. • Detailed program service accomplishments are provided in Schedule O of their Form 990. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for executive compensation, how does Watchung Cooperative Nursery School manage its administrative and leadership functions?
The consistent $0 executive compensation suggests that the school is likely run by volunteers, a parent cooperative model, or staff whose compensation falls below the reporting threshold for key employees, indicating a highly cost-efficient operational structure.
What factors might be contributing to the recent decline in net assets from $221,589 in 2020 to $177,198 in 2024, and what is the potential impact?
The decline in net assets is likely due to periods where expenses exceeded revenue, as observed in multiple years. This trend, if continued, could reduce the organization's financial cushion for unexpected costs or future investments, potentially impacting long-term sustainability.
Filing History
IRS 990 filing history for Watchung Cooperative Nursery School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Watchung Cooperative Nursery School's revenue has grown by 46.3%, moving from $214K to $313K. Total assets increased by 273.4% over the same period, from $47K to $177K. Total functional expenses rose by 47.7%, from $209K to $308K. In its most recent filing year (2024), Watchung Cooperative Nursery School reported a surplus of $4K, with revenue exceeding expenses. The organization holds $38K in liabilities against $177K in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $139K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $313K | $308K | $177K | $38K | — | — |
| 2023 | $297K | $331K | $168K | $34K | — | View 990 |
| 2022 | $360K | $364K | $191K | $23K | — | View 990 |
| 2021 | $284K | $333K | $203K | $31K | — | View 990 |
| 2020 | $267K | $236K | $222K | $500 | — | — |
| 2019 | $312K | $254K | $214K | $25K | — | View 990 |
| 2018 | $291K | $261K | $198K | $66K | — | View 990 |
| 2017 | $273K | $214K | $145K | $42K | — | View 990 |
| 2016 | $184K | $166K | $75K | $31K | — | View 990 |
| 2015 | $122K | $127K | $43K | $18K | — | View 990 |
| 2014 | $180K | $165K | $40K | $9K | — | View 990 |
| 2013 | $166K | $162K | $42K | $27K | — | View 990 |
| 2012 | $160K | $181K | $45K | $33K | — | View 990 |
| 2011 | $214K | $209K | $47K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $313K, expenses of $308K, and assets of $177K (revenue +5.2% year-over-year).
- 2023: Revenue of $297K, expenses of $331K, and assets of $168K (revenue -17.5% year-over-year).
- 2022: Revenue of $360K, expenses of $364K, and assets of $191K (revenue +26.9% year-over-year).
- 2021: Revenue of $284K, expenses of $333K, and assets of $203K (revenue +6.2% year-over-year).
- 2020: Revenue of $267K, expenses of $236K, and assets of $222K (revenue -14.2% year-over-year).
- 2019: Revenue of $312K, expenses of $254K, and assets of $214K (revenue +7.2% year-over-year).
- 2018: Revenue of $291K, expenses of $261K, and assets of $198K (revenue +6.6% year-over-year).
- 2017: Revenue of $273K, expenses of $214K, and assets of $145K (revenue +48.2% year-over-year).
- 2016: Revenue of $184K, expenses of $166K, and assets of $75K (revenue +51.3% year-over-year).
- 2015: Revenue of $122K, expenses of $127K, and assets of $43K (revenue -32.6% year-over-year).
- 2014: Revenue of $180K, expenses of $165K, and assets of $40K (revenue +8.6% year-over-year).
- 2013: Revenue of $166K, expenses of $162K, and assets of $42K (revenue +3.7% year-over-year).
- 2012: Revenue of $160K, expenses of $181K, and assets of $45K (revenue -25.0% year-over-year).
- 2011: Revenue of $214K, expenses of $209K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Watchung Cooperative Nursery School:
Data Sources and Methodology
This transparency report for Watchung Cooperative 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.