The Children’s School Annual Report: July 2024 - June 2025

Introduction

As a non-profit organization dedicated to early childhood education, we remain committed to transparency, accountability, and the responsible stewardship of our financial resources. This report outlines our income sources, expenditures, and financial position, highlighting how our funding supports our mission to provide high-quality, accessible preschool education to all families in our community.

TOTAL INCOME: $469,222.61

  • Tuition and Fees: $388,946.13 (82.73%)

  • Donations: $45,160.27 (9.62%)

  • Bequest: $30,000 (6.39%)

    • This year we received a generous bequest from

      Mary Maltman’s estate, one of the founders of TCS.

  • Uncategorized: $5,719.17 (1.22%)

TOTAL EXPENSES: $491,612.12

  • Wages & Payroll Taxes: $303,014.11 (61.64%)

    • This includes competitive salaries for our dedicated teaching staff. Our staff are the backbone of TCS, and investing in their well-being and professional growth is crucial to providing high-quality education.

  • Health Insurance, Benefits, Professional Development: $44,488.78 (9.05%)
    Educational Materials and Program Supplies: $6,251.43 (1.1%)

    • Funds are used to purchase age-appropriate educational materials, toys, and supplies that support our curriculum and enrich the learning experience for our students. This also includes general supplies for the school such as paper towels, as well as daily snacks.

  • Rent, Facility Maintenance and Utilities: $96,020.32 (19.53%)

    • Rent, regular maintenance, cleaning, repairs, and utility costs ensure that our facility remains a safe, welcoming, and conducive environment for learning.

  • Professional Services: $39,116.01 (7.96%)

    • This includes accounting, bookkeeping, insurance, software licensing and other services required to maintain a well-functioning school. The costs of processing tuition payments are also included in this amount (though are off-set by the respective families when they pay their tuition).

  • Fundraising/Marketing: $1,057 (0.25%)

    • This covers a variety of outreach such as participating in community events, yard signs and our annual fundraiser.

  • Other: $1,250.24 (0.30%)

FINANCIAL OUTLOOK

While we continue to face challenges due to a steady decline in enrollment—serving 9 fewer students this year compared to last—we remain focused on building a sustainable future for The Children’s School. Thanks to the incredible generosity of our community, we raised $20,000 more in fundraising in 2024 / 2025 than the previous year and were honored to receive a meaningful bequest from one of the school’s founders, Mary Maltman. We’ve also taken important steps to reduce costs, including lowering administrative overhead and consolidating into a single location for the coming year. As part of this transition, we made the difficult but necessary decision to eliminate the full-time director role. These changes are designed to strengthen our financial foundation, and moving forward, our top priorities will be increasing enrollment and expanding our base of donors. We are optimistic that with the continued support of our community, The Children’s School will remain a vibrant place for young learners to grow and thrive.

Board Updates, School NewsJill KendallComment