Overview
What is Ocala First Preschool Inc?
Ocala First Preschool Inc is a nonprofit organization situated at 1126 Silver Springs Blvd, Ocala, Florida 34470. This religious preschool is committed to educating children aged 3 to 5, preparing them for kindergarten. It offers a nurturing, enjoyable environment where children can freely express themselves. Moreover, the preschool provides a complimentary Voluntary Pre-Kindergarten (VPK) program for children residing in the Ocala, Marion County, Florida community. The preschool's mission is to instill in children a devoted love for God through their Lord and Savior, Jesus Christ. The organization is staffed by 24 individuals, ensuring dedicated care and education for the children enrolled.
Official website here: www.ocalafirstpreschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (69%)
Ocala First Preschool Inc has received a "Needs Improvement" rating, indicating some areas of concern regarding its financial management and accountability practices. The organization scored 69% overall, with particular strengths in board independence and asset management, reflecting a commitment to governance. They have an independent board composed entirely of independent members, and their liabilities to assets ratio is strong, showing financial stability.
However, the nonprofit faces significant challenges in transparency and policy implementation. They scored poorly in key areas such as financial statements and the establishment of essential policies, including conflict of interest, whistleblower, and document retention policies. The absence of these frameworks may impact stakeholder confidence in the organization’s operational integrity.
Additionally, while the program expense ratio indicates a commendable allocation of funds towards programs, the lack of publicly available financial documents raises concerns about overall transparency. The organization has room for improvement in its financial reporting and policy framework to enhance trust among donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Ocala First Preschool Inc legitimate?
Ocala First Preschool Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocala First 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: $478,014
For more financial information, click here
Official website here: www.ocalafirstpreschool.org
What is the mission statement of Ocala First Preschool Inc?
Ocala First Preschool Inc is committed to providing a religious education for children, aiming to instill in them a faithful love of God through Jesus Christ. The preschool offers a safe and enjoyable environment for children between the ages of 3 and 5, preparing them for kindergarten. Additionally, the preschool provides a free voluntary Pre-Kindergarten program (VPK) for children in the Ocala, Marion County, Florida community. The curriculum at Ocala First Preschool Inc is designed with the objective of fostering spiritual growth alongside academic readiness.
Official website here: www.ocalafirstpreschool.org
Who is the CEO of Ocala First Preschool Inc?
M Suzanne Green is the Director of Ocala First Preschool Inc.
Official website here: www.ocalafirstpreschool.org
What is the revenue of Ocala First Preschool Inc?
Ocala First Preschool Inc's revenue in 2021 was $696,842.
Official website here: www.ocalafirstpreschool.org
Who are the executives of Ocala First Preschool Inc and what are their salaries?
The average compensation at Ocala First Preschool Inc during 2021 was $19,917. There are 24 employees and 20 volunteers at Ocala First Preschool Inc.
Here are 6 key members and their salaries:
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Official website here: www.ocalafirstpreschool.org
Where can I find the form 990 for Ocala First Preschool Inc?
Ocala First Preschool Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.ocalafirstpreschool.org
Learn more at the official website: www.ocalafirstpreschool.org
Mission Statement of Ocala First Preschool Inc
Ocala First Preschool Inc is a religious organization committed to the education of children. Its mission is to instill in these young learners a deep and faithful love for God, guided by Jesus Christ. This preschool provides a nurturing and enjoyable environment for children aged between 3 and 5, preparing them for their transition into kindergarten. Additionally, Ocala First Preschool Inc offers a free voluntary Pre-Kindergarten Program (VPK) to children in the Ocala, Marion County, Florida community, furthering its dedication to early childhood education.
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Impact
July, 2024
Ocala First Preschool Inc impacts the community by providing a religiously-focused educational environment for children ages 3 through 5. By instilling in them a faithful love of God through their Lord and Savior Jesus Christ, the preschool aims to not only prepare the children for kindergarten but also to nurture their spiritual development. Additionally, by offering a free voluntary pre-kindergarten program (VPK), Ocala First Preschool Inc contributes to the education of children in the Ocala Marion County, Florida community, ensuring that they have access to quality early childhood education regardless of financial constraints. Through their mission of education and faith-based learning, Ocala First Preschool Inc plays a vital role in shaping the future of these young children and the community as a whole.
This information is meant to be a general summary of Ocala First 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 2021.
- Program Service Revenue: $666,546
- Gross Receipts: $712,579
Assets and Liabilities:
- Total Assets: $317,880
- Total Liabilities: $0
- Net Assets: $317,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$458,851
EARLY LEARNING
Revenue
$185,864
REGISTRATION
Revenue
$21,421
UNIFORMS
Revenue
$410
Organization Details
Founding Year
2014
Phone
(352) 620-0003Principal Officer
M Suzanne Green
Main Address
1126 SILVER SPRINGS BLVD, OCALA, FL, 34470
Website
www.ocalafirstpreschool.orgNTEE Category
Code: B21 - Education
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