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Precious People Preschool Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421359734 ✦ Lenox, IA ✦ Designated as a 501(c)(3)

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Overview

What is Precious People Preschool Inc?

Precious People Preschool Inc, located in Lenox, Iowa (specifically at 805 North Home Ave), is a nonprofit organization dedicated to serving the community. Their primary mission is to offer a professional daycare service and preschool education to children, ensuring they receive quality education at an affordable or reduced cost. This initiative aims to support the children's growth and development, ultimately helping them excel. The organization employs a team of 32 individuals, demonstrating their commitment to providing essential services for the community's young learners.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Precious People Preschool Inc has received a rating of 73%, indicating that while the organization demonstrates strengths in key areas such as having an independent board and maintaining a healthy liabilities to assets ratio, it still needs improvement in several governance policies. The nonprofit has a perfect score in areas like board independence and documenting meeting minutes, suggesting a solid governance framework overall.

However, the organization is lacking crucial policies like a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which can lead to transparency and accountability concerns. Additionally, the absence of the nonprofit's tax form on its website is noted as a significant limitation, reflecting a need for better financial disclosure practices.

Overall, while Precious People Preschool Inc showcases commendable accountability in certain financial metrics, addressing the noted deficiencies in governance and transparency will be essential for enhancing its overall rating and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is Precious People Preschool Inc legitimate?

Precious People Preschool Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precious People 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,328

For more financial information, click here

What is the mission statement of Precious People Preschool Inc?

Precious People Preschool Inc's mission is centered around providing a professional daycare service to the community and offering preschool education to children at an affordable rate. This initiative is aimed at helping children excel in their early years of learning. The preschool strives to offer a high-quality educational environment that supports the children's growth and development, ensuring they have a strong foundation for their future education.

Who is the CEO of Precious People Preschool Inc?

Tiana Mckee is the Director of Precious People Preschool Inc.

What is the revenue of Precious People Preschool Inc?

Precious People Preschool Inc's revenue in 2022 was $647,041.

Who are the executives of Precious People Preschool Inc and what are their salaries?

The average compensation at Precious People Preschool Inc during 2022 was $8,604. There are 32 employees at Precious People Preschool Inc.


Here are 12 key members and their salaries:


Morgan Frey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Knox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Venteicher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Seldana (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mckenna Walter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alyssa Cline (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Cline (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawne Bowman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaitlin Hodges (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiana Mckee (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiana Mckee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaytee Scadden (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Precious People Preschool Inc?

Precious People Preschool Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Precious People Preschool Inc

Precious People Preschool Inc is committed to providing a professional daycare service for the community. Their primary mission is to offer preschool education to children at an affordable or reduced rate. This initiative is designed to help these young learners excel in their early years, setting them on a path towards future success. By offering high-quality daycare and preschool education, Precious People Preschool Inc aims to contribute positively to the community's children, ensuring they have a strong foundation for their future academic and personal growth.

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Impact




July, 2024

Precious People Preschool Inc has a significant impact on the community of Lenox, Iowa by providing a professional daycare service and preschool education to children at a low or reduced rate. This organization plays a crucial role in supporting young children's development and preparing them for academic success. By offering affordable early childhood education, Precious People Preschool Inc helps ensure that all children have access to quality learning experiences regardless of their financial circumstances. Their commitment to helping children excel sets a foundation for future success and positively contributes to the overall educational landscape of the town.




This information is meant to be a general summary of Precious People 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.

Revenue
$647,041 (2022)
Expenses
$547,211 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $64
  • Program Service Revenue: $232,896
  • Gross Receipts: $647,041

Assets and Liabilities:

  • Total Assets: $221,886
  • Total Liabilities: $1,166
  • Net Assets: $220,720

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CASH PARENT INCOME

Revenue

$134,005

CCA INCOME

Revenue

$71,496

MISCELLANEOUS REVENUE

Revenue

$27,395

Organization Details

Founding Year

2000

Principal Officer

Tiana Mckee

Main Address

805 NORTH HOME AVE, LENOX, IA, 50851

NTEE Category

Code: B21 - Education

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