Overview
What is The Washington Market School Inc?
The Washington Market School Inc, a nonprofit organization based in New York City, New York, operates a nursery school with approximately 245 enrolled children. This institution, classified as a Section 501(c)(3), adheres to the principles of the Montessori philosophy. Its primary mission is to foster self-confidence, independence, and concentration in young children, while nurturing their natural curiosity and creativity. The school employs 83 individuals, all dedicated to providing an enriching educational environment that supports the holistic development of its students.
Official website here: www.washingtonmarketschool.org
What are the reviews and ratings of this charity?
87% rating from Charity Navigator indicates that The Washington Market School Inc meets a high standard of accountability and financial health, earning a Three-Star out of Four Star rating. This score reflects the organization's commitment to transparency and governance, as evidenced by its independent board structure and robust financial oversight mechanisms.
The charity boasts a fully independent board and has demonstrated strong practices in conflict of interest and whistleblower policies. Furthermore, it maintains a solid liabilities to assets ratio and exhibits no material diversion of assets, which points to prudent financial management. The organization also publishes meeting minutes, enhancing its transparency.
However, the program expense ratio of 62.52% suggests that there is room for improvement in allocating funds directly towards its programs. While this score indicates a significant portion of expenses is directed toward programming, it could benefit from higher investment in direct services to maximize the impact of its funding. Overall, The Washington Market School Inc shows a strong commitment to governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Washington Market School Inc legitimate?
The Washington Market School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Washington Market 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: $1,118,072
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,762,204
For more financial information, click here
Official website here: www.washingtonmarketschool.org
What is the mission statement of The Washington Market School Inc?
The Washington Market School Inc, as a non-profit organization, aims to foster self-confidence, independence, and concentration in young children. This is achieved through an educational environment shaped by the principles of the Montessori philosophy. The school encourages and nurtures the children's inherent interest in learning and creativity, providing an atmosphere conducive to their intellectual growth. Approximately 245 children are enrolled in the nursery school operated by The Washington Market School Inc.
Official website here: www.washingtonmarketschool.org
What is the revenue of The Washington Market School Inc?
The Washington Market School Inc's revenue in 2023 was $9,146,957.
Official website here: www.washingtonmarketschool.org
Who are the executives of The Washington Market School Inc and what are their salaries?
The average compensation at The Washington Market School Inc during 2023 was $69,718. There are 70 employees and 125 volunteers at The Washington Market School Inc.
Here are 15 key members and their salaries:
- Compensation: $530,184
- Related: $0
- Other: $120,963
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $230,695
- Related: $0
- Other: $6,148
- Compensation: $209,815
- Related: $0
- Other: $36,498
- Compensation: $170,245
- Related: $0
- Other: $8,040
- Compensation: $117,699
- Related: $0
- Other: $16,359
- Compensation: $134,183
- Related: $0
- Other: $6,878
- Compensation: $108,691
- Related: $0
- Other: $16,184
- Compensation: $102,280
- Related: $0
- Other: $5,167
Official website here: www.washingtonmarketschool.org
Where can I find the form 990 for The Washington Market School Inc?
The Washington Market School Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.washingtonmarketschool.org
Learn more at the official website: www.washingtonmarketschool.org
Mission Statement of The Washington Market School Inc
The Washington Market School, a nonprofit organization under Section 501(c)(3), is committed to fostering self-confidence, independence, and concentration in young children. It achieves this goal by creating an environment that aligns with the principles of the Montessori philosophy. This educational institution nurtures the inherent interest in learning and creativity within its students, enrolling approximately 245 children. The school's mission is to provide an atmosphere that encourages children to develop at their own pace, allowing them to explore and understand the world around them in a nurturing and stimulating environment.
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Impact
August, 2024
The Washington Market School Inc's impact lies in fostering the development of self-confidence, independence, and concentration in approximately 245 young children enrolled in its nursery school in New York. By incorporating aspects of the Montessori philosophy, the school aims to nurture the inherent interest in learning and creativity in these children. Through its educational activities, The Washington Market School Inc plays a crucial role in shaping the growth and learning of its students, laying a strong foundation for their future endeavors.
This information is meant to be a general summary of The Washington Market 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 2023.
- Investment Income: $675,245
- Program Service Revenue: $7,836,471
- Gross Receipts: $15,700,759
Assets and Liabilities:
- Total Assets: $31,974,364
- Total Liabilities: $7,879,333
- Net Assets: $24,095,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$7,836,471
Organization Details
Founding Year
1981
Principal Officer
Caroline Kries
NTEE Category
Code: B21Z - Education
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