Overview
What is Gilmore Memorial Preschool Inc?
Gilmore Memorial Preschool Inc, situated in Paterson, New Jersey, is a nonprofit organization that serves as a preschool for urban children. With a team of 65 dedicated individuals, the preschool annually educates over 300 young learners. The primary mission of this institution is to provide high-quality preschool services, catering specifically to the needs of children in the city of Paterson. The preschool's activities are centered around providing a nurturing environment for these children, aiming to foster their early learning and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating.
Gilmore Memorial Preschool Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial transparency and overall accountability. While the organization boasts a fully independent board and has solid practices in place such as a listed conflict of interest and whistleblower policy, the absence of financial statements and other crucial documents on their website raises red flags about transparency.
One of the strengths of Gilmore Memorial Preschool is its high program expense ratio, which suggests that a significant portion of its funds is directed towards its mission rather than administrative expenses. However, the liabilities to assets ratio is concerning, suggesting potential financial instability. The organization may need to enhance its financial reporting and improve its online presence to promote greater trust and transparency with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Gilmore Memorial Preschool Inc legitimate?
Gilmore Memorial Preschool Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gilmore Memorial Preschool 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: $104,223
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,102,365
For more financial information, click here
What is the mission statement of Gilmore Memorial Preschool Inc?
Gilmore Memorial Preschool Inc's mission is centered around providing preschool education to a significant number of urban children annually. Positioned as a preschool institution, it aims to educate over 300 preschoolers each year. The school's mission is not explicitly stated, but based on its activity, it can be inferred that its goal is to contribute positively to the early educational development of these children. However, further details regarding the specific objectives, such as promoting holistic growth, fostering a love for learning, or advocating for equal educational opportunities, are not provided in the given information.
Who is the CEO of Gilmore Memorial Preschool Inc?
Ms Betty Horton is the Ceo of Gilmore Memorial Preschool Inc. The CEO's salary of Gilmore Memorial Preschool Inc is $0 and their total compensation is $0.
What is the revenue of Gilmore Memorial Preschool Inc?
Gilmore Memorial Preschool Inc's revenue in 2022 was $5,012,641.
Who are the executives of Gilmore Memorial Preschool Inc and what are their salaries?
The average compensation at Gilmore Memorial Preschool Inc during 2022 was $49,332. There are 65 employees at Gilmore Memorial Preschool Inc.
Here are 5 key members and their salaries (Gilmore Memorial Preschool Inc's CEO's salary is $0 and their total compensation is $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: $104,223
- Related: $0
- Other: $0
Where can I find the form 990 for Gilmore Memorial Preschool Inc?
Gilmore Memorial Preschool Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gilmore Memorial Preschool Inc
Gilmore Memorial Preschool Inc is dedicated to providing preschool education services to urban children within its community. As a preschool institution, it annually educates over 300 young learners, contributing to their early development and educational foundation. The organization's mission is to offer a nurturing and stimulating environment that fosters the cognitive, social, and emotional growth of its students, preparing them for their future academic endeavors.
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Impact
October, 2024
Gilmore Memorial Preschool Inc significantly impacts the community by providing essential preschool services to urban children in Paterson, NJ. Each year, the preschool educates over 300 children, laying a strong educational foundation that prepares them for future academic success. By creating a nurturing learning environment, the preschool fosters early childhood development, helping children build social, emotional, and cognitive skills essential for their growth.
Furthermore, Gilmore Memorial Preschool serves as a vital resource for families in the area, ensuring that children from diverse backgrounds have access to quality early education. This contributes to a stronger community by empowering parents and enhancing the overall well-being of children in urban settings. The preschool's dedication to education enriches the lives of both the children it serves and the broader Paterson community, creating a lasting positive impact.
This information is meant to be a general summary of Gilmore Memorial Preschool 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.
- Gross Receipts: $5,012,641
Assets and Liabilities:
- Total Assets: $447,013
- Total Liabilities: $823,733
- Net Assets: -$376,720
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Organization Details
Founding Year
2001
Phone
(973) 449-0120Principal Officer
Ms Betty Horton
Main Address
505 E 22ND ST, PATERSON, NJ, 075142615
NTEE Category
Code: P33 - Human services
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