Overview
What is Cincinnati Preschool Promise Llc?
Cincinnati Preschool Promise Llc is a nonprofit organization based in Cincinnati, Ohio, with a mission to expand access to high-quality preschool education within the geographical boundaries of the Cincinnati City School District. The organization aims to help preschool-age children living in underprivileged circumstances, providing tuition assistance for them to attend quality-rated preschools. This early education is believed to significantly improve their future educational achievements and ultimately enhance their long-term social and economic opportunities. The program focuses on families with incomes at or below 200% of the federal poverty level, and it funds attendance at preschools that have achieved a 3, 4, or 5-star rating in the Ohio Step Up to Quality (SUTQ) rating system. The organization prioritizes community provider preschools located within the Cincinnati Public School District boundaries, which can include federal-assisted, state-granted, and even private parochial and non-parochial schools. Families are required to first apply for available federal, state, and local preschool-related funding before becoming eligible for tuition assistance funds, allowing the program to be the last dollar in, thereby maximizing other existing sources of funding. The nonprofit currently employs 9 individuals.
Official website here: www.cincy-promise.org
What are the reviews and ratings of this charity?
Cincinnati Preschool Promise Llc has received a Three-Star out of Four Star rating from Charity Navigator with an overall score of 81%. This score is reflective of their strong performance in accountability and finance, indicating that they maintain a high standard of financial health and governance practices. Notably, the organization boasts 100% independent board members and has effectively managed its financial statements and disclosures.
While the charity demonstrates significant strengths, such as a high program expense ratio at 84.68% and a lack of material asset diversion, there are areas for improvement. The absence of a whistleblower policy raises concerns about governance transparency. Furthermore, a liabilities to assets ratio of 91.67% suggests that the organization may face financial vulnerability, which could impact its sustainability in the long term.
User reviews from GreatNonprofits are currently unavailable, limiting insights into the community's perception of the organization's work. Overall, Cincinnati Preschool Promise Llc shows a commitment to financial integrity, but it should address some governance gaps to enhance its trustworthiness further.
This AI summary has been generated from information found on Charity Navigator.
Is Cincinnati Preschool Promise Llc legitimate?
Cincinnati Preschool Promise Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati Preschool Promise Llc 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: $307,098
Professional Fundraising Fees: $0
Other Salaries and Wages: $608,692
For more financial information, click here
Official website here: www.cincy-promise.org
What is the mission statement of Cincinnati Preschool Promise Llc?
Cincinnati Preschool Promise LLC's mission is centered around expanding access to high-quality preschool education within the geographic boundaries of a specific school district. They believe that attending a quality preschool is a crucial step in preparing children for their future educational achievements. The organization's primary focus is on making these quality preschools more accessible to ensure that children in the district have the best possible start in their educational journey.
Official website here: www.cincy-promise.org
Who is the CEO of Cincinnati Preschool Promise Llc?
Chara Fisher Jackson is the CEO of Cincinnati Preschool Promise Llc The CEO's salary of Cincinnati Preschool Promise Llc is $161,948 and their total compensation is $179,555.
Official website here: www.cincy-promise.org
What is the revenue of Cincinnati Preschool Promise Llc?
Cincinnati Preschool Promise Llc's revenue in 2024 was $10,292,178.
Official website here: www.cincy-promise.org
Who are the executives of Cincinnati Preschool Promise Llc and what are their salaries?
The average compensation at Cincinnati Preschool Promise Llc during 2024 was $76,316. There are 12 employees and 20 volunteers at Cincinnati Preschool Promise Llc.
Here are 20 key members and their salaries (Cincinnati Preschool Promise Llc's CEO's salary is $161,948 and their total compensation is $179,555):
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- Compensation: $161,948
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- Compensation: $100,596
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- Other: $15,692
Official website here: www.cincy-promise.org
Where can I find the form 990 for Cincinnati Preschool Promise Llc?
Cincinnati Preschool Promise Llc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cincy-promise.org
Learn more at the official website: www.cincy-promise.org
Mission Statement of Cincinnati Preschool Promise Llc
Cincinnati Preschool Promise LLC, as an organization, is committed to expanding the accessibility of high-quality community provider preschools within the geographic boundaries of the Cincinnati City School District in Hamilton County, Ohio. Recognizing the significance of attending a quality preschool in preparing children for future educational achievements, the nonprofit focuses on making these educational opportunities more accessible. By prioritizing quality preschools, Cincinnati Preschool Promise LLC aims to contribute to the overall development and readiness of young children, setting them up for success in their future educational journeys.
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Impact
July, 2024
Cincinnati Preschool Promise LLC's impact is evident in the increased access to quality preschool education for children living within the Cincinnati City School District. By providing tuition assistance to preschool-age children from underprivileged backgrounds, the organization is helping them attend highly rated preschools. This preparation is projected to lead to higher levels of educational achievement in kindergarten and beyond, ultimately improving the children's long-term social and economic opportunities. By focusing on expanding access to quality preschools, Cincinnati Preschool Promise LLC is playing a vital role in preparing children for future educational success.
This information is meant to be a general summary of Cincinnati Preschool Promise Llc. 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 2024.
- Gross Receipts: $10,292,178
Assets and Liabilities:
- Total Assets: $1,955,901
- Total Liabilities: $1,656,559
- Net Assets: $299,342
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Organization Details
Founding Year
2016
Principal Officer
Chara Fisher Jackson
Website
www.cincy-promise.orgNTEE Category
Code: B21 - Education
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