THE MEMORIAL DAY NURSERY OF PATERSON INC

EIN: 221487580 501(c)(3) Human Services

PATERSON, NJ

Total Revenue
$6,116,989
Total Expenses
$5,654,362
Total Assets
$3,405,373
Net Assets
$1,721,024
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
NJ
Principal Officer
GINA M JOHNSON
Phone
9737424873
Tax Period
2022-07-01 to 2023-06-30

THE MEMORIAL DAY NURSERY OF PATERSON INC, founded in 1904, is a community nonprofit in the Human Services sector that reported $6.1M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $5.7M left a modest 8% surplus.

Mission

MEMORIAL DAY NURSERY PROVIDES AN EDUCATIONALL APPROPRIATE PROGRAM FOR CHILDREN AGES THREE TO FOUR. IN PARTNERSHIP WITH THEIR FAMILIES WE PROMOTE COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL DEVELOPMENT, WHILE GIVING THE CHILDREN THE SUPPORT THEY NEED TO SUCCEED.

Program Service Accomplishments

Program 1
Expenses: $4,220,747 Revenue: $4,550,607

EDUCATION: THE ORGANIZATION OPERATES A FREE TEN MONTH AND EXTENDED PRE-KINDERGARTEN PROGRAM PROVIDING CHILDREN WITH A SOLID FOUNDATION OF SOCIAL EDUCATIONAL AND EMOTIONAL SKILLS. BEFORE AND AFTER...

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EDUCATION: THE ORGANIZATION OPERATES A FREE TEN MONTH AND EXTENDED PRE-KINDERGARTEN PROGRAM PROVIDING CHILDREN WITH A SOLID FOUNDATION OF SOCIAL EDUCATIONAL AND EMOTIONAL SKILLS. BEFORE AND AFTER CARE AND SUMMER CAMP PROGRAMS ARE OPEN TO ALL CHILDREN AT A NOMINAL FEE.

Program 2
Expenses: $965,117 Revenue: $1,131,097

CHILDCARE: YEAR ROUND CHILD CARE SERVICES ARE PROVIDED IN A NURTURING SETTING TO CHILDREN AGES 3 - 12.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,989,085
Program Service Revenue $1,131,097
Investment Income $533
Other Revenue $-3,726
TOTAL REVENUE $6,116,989

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,279,554
Fundraising Expenses $0
Program Expenses $5,185,864
Other Expenses $1,374,808
TOTAL EXPENSES $5,654,362

Year-over-Year Comparison

2022 2021 Change
Revenue $6,116,989 $5,618,925 +0.1%
Expenses $5,654,362 $5,279,584 +0.1%
Net Income $462,627 $339,341 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
90
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$161,106
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOROTHY BELL PRESIDENT 1.00
Officer Director
$0 $0 $0
TIMOTHY BROWN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TREVOR ALBERTINE 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DEBORAH HOFFMAN TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT T BELL BOARD MEMBER 1.00
Director
$0 $0 $0
BEATRIZ GONZALEZ BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SWEENEY BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY LARACY BOARD MEMBER 1.00
Director
$0 $0 $0
GINA JOHNSON EXECUTIVE DIRECTOR 40.00
Officer
$144,707 $16,399 $161,106
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2024 No data No data No data No data
2023 $6,256,609 $5,509,960 $3,719,553 $746,649
2023 $6,116,989 $5,654,362 $3,405,373 $462,627
2022 $5,618,925 $5,279,584 $2,993,663 $339,341
2022 $5,625,499 $5,286,759 $2,992,663 $338,740
2021 $4,384,182 $4,748,815 $2,750,375 $-364,633
2020 $5,422,539 $4,976,384 $3,148,000 $446,155
2019 $5,147,301 $4,926,902 $2,726,651 $220,399
2018 $4,918,309 $4,687,014 $2,631,879 $231,295
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