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Ace For Kids Of Palm Beach Inc

Newbridge Prep

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

EIN: 454880047 ✦ Lake worth, FL ✦ Designated as a 501(c)(3)

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Overview

What is Ace For Kids Of Palm Beach Inc?

Ace For Kids Of Palm Beach Inc, operating under the business name Newbridge Prep, is a nonprofit organization situated in Lake Worth, Florida. It provides a high standard of preschool education to a diverse student population, extending its services through the State of Florida's Voluntary Pre-K Voucher (VPK) program. This includes offering quality preschool, aftercare, and summer camp programs to children in the state. The organization, with a team of 26 employees, is dedicated to nurturing young minds and preparing them for their educational journeys.


Official website here: www.newbridgeprep.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 54%, One-Star out of Four Star rating.

Ace For Kids Of Palm Beach Inc has received a One-Star rating from Charity Navigator, reflecting concerns primarily around its accountability and financial practices. The organization is particularly noted for lacking independent board members and for missing key policies such as those regarding conflicts of interest and whistleblowing. These deficiencies have significantly impacted the overall score, which is predominantly based on financial accountability.

Despite these issues, the nonprofit demonstrates a strong commitment to its programs, with a program expense ratio of 100%. This indicates that all its expenses are directed towards its charitable activities, which is a positive aspect of its operations. Additionally, the organization has no material diversion of assets, suggesting a stable financial state in terms of asset management.

However, the absence of independent oversight and critical governance policies raises questions about the overall transparency and accountability of the organization. Furthermore, the executive salaries are relatively high, which may be a point of concern for potential donors looking for efficient use of funds.


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

Is Ace For Kids Of Palm Beach Inc legitimate?

Ace For Kids Of Palm Beach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ace For Kids Of Palm Beach 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: $222,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,367

For more financial information, click here


Official website here: www.newbridgeprep.com

What is the mission statement of Ace For Kids Of Palm Beach Inc?

Ace For Kids Of Palm Beach Inc is committed to providing top-tier preschool education, childcare, aftercare, and summer camp programs to children in Florida, utilizing the State's Voluntary Pre-K Voucher (VPK) program. Their mission is to offer a high level of quality education to a diverse student population. This organization strives to make these programs accessible to children, thereby contributing to their early learning and development.


Official website here: www.newbridgeprep.com

Who is the CEO of Ace For Kids Of Palm Beach Inc?

Jacqueline Matzirakis is the President And Ceo of Ace For Kids Of Palm Beach Inc. The CEO's salary of Ace For Kids Of Palm Beach Inc is $118,300 and their total compensation is $118,300.


Official website here: www.newbridgeprep.com

What is the revenue of Ace For Kids Of Palm Beach Inc?

Ace For Kids Of Palm Beach Inc's revenue in 2022 was $1,338,965.


Official website here: www.newbridgeprep.com

Who are the executives of Ace For Kids Of Palm Beach Inc and what are their salaries?

The average compensation at Ace For Kids Of Palm Beach Inc during 2022 was $19,718. There are 26 employees at Ace For Kids Of Palm Beach Inc.


Here are 2 key members and their salaries (Ace For Kids Of Palm Beach Inc's CEO's salary is $118,300 and their total compensation is $118,300):


Jacqueline Matzirakis (President And Ceo)
  • Compensation: $118,300
  • Related: $0
  • Other: $0
Teresita Bretz (Chief Operating Officer)
  • Compensation: $104,000
  • Related: $0
  • Other: $0


Official website here: www.newbridgeprep.com

Where can I find the form 990 for Ace For Kids Of Palm Beach Inc?

Ace For Kids Of Palm Beach Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.newbridgeprep.com

Learn more at the official website: www.newbridgeprep.com

Mission Statement of Ace For Kids Of Palm Beach Inc

Ace For Kids Of Palm Beach Inc is committed to delivering top-notch preschool childcare, aftercare, and summer camp programs to children in Florida, facilitated through the State's Voluntary Pre-K Voucher (VPK) program. The organization's mission is to provide a high level of quality preschool education to a diverse population of students, ensuring their overall development and readiness for elementary school. By participating in Ace For Kids Of Palm Beach Inc's programs, children not only benefit from a nurturing and enriching educational environment but also gain essential social and life skills. The nonprofit's dedication to providing quality preschool education plays a crucial role in preparing young learners for their future academic and personal journeys.

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Impact




July, 2024

Ace For Kids Of Palm Beach Inc has significantly impacted the lives of children in the state of Florida by providing quality preschool childcare, aftercare, and summer camp programs through the Voluntary Pre-K Voucher (VPK) program. Their high level of quality preschool education has reached a diverse population of students in Lake Worth, FL, ensuring that these children have access to essential early childhood education services. Through their mission to provide these programs, Ace For Kids Of Palm Beach Inc has positively influenced the development and learning outcomes of many children, setting them up for future academic and personal success.




This information is meant to be a general summary of Ace For Kids Of Palm Beach 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
$1,338,965 (2022)
Expenses
$1,309,154 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $20
  • Program Service Revenue: $1,227,599
  • Gross Receipts: $1,338,965

Assets and Liabilities:

  • Total Assets: $329,995
  • Total Liabilities: $6,090
  • Net Assets: $323,905

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Programs

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

TUITION AND FEES

Revenue

$1,227,599

Organization Details

Founding Year

2012

Principal Officer

Jacqueline Matzirakis

Main Address

5415 MORNING MIST WAY, LAKE WORTH, FL, 33449

NTEE Category

Code: P33 - Human services

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