Overview
What is Chelsea Day School Inc?
Chelsea Day School Inc, situated in the heart of New York City at 319 FIFTH AVENUE 2FL, is a nonprofit organization devoted to the nurturance and guidance of children's physical, social, emotional, and intellectual development. This day school, open from mid-September to mid-June, caters to children of various racial, religious, and ethnic backgrounds between the ages of two and five. The school promotes learning through play and exploration, creating an environment that fosters growth and development in these young learners. The organization, with a total of 36 employees, serves this purpose diligently.
Official website here: www.chelseadayschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Chelsea Day School Inc has received a two-star rating from Charity Navigator, indicating it has areas for improvement despite some strengths in its governance. The organization boasts a high percentage of independent board members and has effectively implemented an audit and oversight committee. However, it lacks essential policies such as a whistleblower policy and document retention practices, which are critical for accountability.
In terms of financial management, the school's program expense ratio is commendable at 77.34%, suggesting that a significant portion of its funds is directed toward programs rather than administrative costs. However, its liabilities to assets ratio of 81.63% raises concerns about financial stability. This indicates a potential risk in managing future obligations, which could affect its operational sustainability.
Overall, while Chelsea Day School Inc demonstrates strong governance in certain areas, the absence of key policies and its financial liabilities highlight the need for more robust practices to enhance overall accountability and transparency. Addressing these limitations could significantly improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Chelsea Day School Inc legitimate?
Chelsea Day School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chelsea Day School Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $320,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,989,574
For more financial information, click here
Official website here: www.chelseadayschool.org
What is the mission statement of Chelsea Day School Inc?
Chelsea Day School Inc's mission is centered around fostering and guiding the holistic development of children, encompassing their physical, social, emotional, and intellectual growth. This is achieved in an environment that encourages learning through play and exploration. The school operates as a nursery and kindergarten, catering to children from age two to five, regardless of their racial, religious, or ethnic backgrounds, and operates from mid-September to mid-June.
Official website here: www.chelseadayschool.org
Who is the CEO of Chelsea Day School Inc?
Jean Rosenberg is the President of Chelsea Day School Inc.
Official website here: www.chelseadayschool.org
What is the revenue of Chelsea Day School Inc?
Chelsea Day School Inc's revenue in 2022 was $3,852,447.
Official website here: www.chelseadayschool.org
Who are the executives of Chelsea Day School Inc and what are their salaries?
The average compensation at Chelsea Day School Inc during 2022 was $64,162. There are 36 employees and 49 volunteers at Chelsea Day School Inc.
Here are 17 key members and their salaries:
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- Compensation: $271,816
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- Compensation: $127,540
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- Other: $30,166
- Compensation: $100,499
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- Other: $13,912
Official website here: www.chelseadayschool.org
Where can I find the form 990 for Chelsea Day School Inc?
Chelsea Day School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chelseadayschool.org
Learn more at the official website: www.chelseadayschool.org
Mission Statement of Chelsea Day School Inc
Chelsea Day School Inc is dedicated to fostering and guiding the holistic development of children, encompassing their physical, social, emotional, and intellectual growth. This nurturing environment encourages learning through play and exploration, allowing children aged two to five to develop at their own pace. The school's mission is to create an atmosphere that nurtures and guides each child's unique journey of development, ensuring a well-rounded and enriching educational experience.
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Impact
August, 2024
Chelsea Day School Inc's impact lies in nurturing and guiding the physical, social, emotional, and intellectual development of children in an environment where learning unfolds through play and exploration. By providing a safe and inclusive space for children of all racial, religious, and ethnic backgrounds aged two through five, Chelsea Day School Inc is helping shape the next generation of individuals who are well-rounded and equipped for future success. The emphasis on holistic development and fostering a love for learning sets a strong foundation for these young minds to grow and thrive. Through its commitment to education, Chelsea Day School Inc is making a meaningful impact on the community and shaping a brighter future for generations to come.
This information is meant to be a general summary of Chelsea Day School Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,553
- Program Service Revenue: $2,757,206
- Gross Receipts: $3,927,803
Assets and Liabilities:
- Total Assets: $4,203,121
- Total Liabilities: $2,539,629
- Net Assets: $1,663,492
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL TUITION
Revenue
$2,551,406
CAMP TUITION
Revenue
$156,525
OTHER PROGRAM SERVICE
Revenue
$49,275
Organization Details
Founding Year
1982
Phone
(212) 675-8541Principal Officer
Jean Rosenberg
Main Address
319 FIFTH AVENUE 2FL, NEW YORK, NY, 10016
Website
www.chelseadayschool.orgNTEE Category
Code: B21Z - Education
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