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Preschool Advantage Inc

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

EIN: 223360099 ✦ Morristown, NJ ✦ Designated as a 501(c)(3)

Overview

What is Preschool Advantage Inc?

Preschool Advantage Inc, established in Morristown, New Jersey, in 1995, is a dedicated nonprofit organization that recognizes the significance of early childhood education. Recognizing the financial limitations of low-income families who earn above the poverty level but still struggle to afford preschool tuition, Preschool Advantage was founded. Their mission is to alleviate this burden by funding half-day preschool tuitions for eligible children in Morris and Somerset County. With a modest staff of four individuals, Preschool Advantage has supported nearly 1,850 children, ensuring that they have a solid educational foundation, thereby opening doors to future opportunities.


Official website here: www.preschooladvantage.org

Is Preschool Advantage Inc legitimate?

Preschool Advantage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preschool Advantage 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.

Here are some key statistics you may want to consider:

Executive Compensation: $100,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,394

For more financial information, click here


Official website here: www.preschooladvantage.org

What is the mission statement of Preschool Advantage Inc?

Preschool Advantage Inc's mission is centered around providing financial assistance for preschool tuitions for low-income families. The organization recognizes the importance of early childhood education in laying a strong foundation for a child's lifelong love of learning. However, many local children lack the means to attend preschool due to their families' earnings falling above the poverty level but below the level of sustainability. Recognizing this gap, Preschool Advantage was founded in 1995 to bridge this gap. To date, the organization has funded nearly 1,850 half-day preschool tuitions for over 1,350 children, thereby providing opportunities for these children's future educational growth.


Official website here: www.preschooladvantage.org

Who is the CEO of Preschool Advantage Inc?

Kyle Colwell is the Immediate Past President of Preschool Advantage Inc.


Official website here: www.preschooladvantage.org

What is the revenue of Preschool Advantage Inc?

Preschool Advantage Inc's revenue in 2022 was $947,215.


Official website here: www.preschooladvantage.org

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

The average compensation at Preschool Advantage Inc during 2022 was $65,140. There are 4 employees and 63 volunteers at Preschool Advantage Inc.

Here are 16 key members and their salaries:

    Nancy Bangiola (Executive Director)
  • Compensation: $88,840
  • Related: $0
  • Other: $11,407

    • Adrienne Kirby (Immediate Past President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bette Simmons (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ray Hawkins (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gail Reuther (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lauren Diemar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Simpson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joshua Mackoff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kyle Colwell (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Pierce (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Lanza (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ginger Michaels (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Mirett (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maria Savettiere (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Schneider (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pam Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.preschooladvantage.org

    Where can I find the form 990 for Preschool Advantage Inc?

    The Preschool Advantage Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.preschooladvantage.org

    Learn more at the official website: www.preschooladvantage.org

    Mission Statement of Preschool Advantage Inc

    Preschool Advantage, a nonprofit organization, is committed to funding preschool tuitions for low-income families in Morris and Somerset County. Recognizing the importance of early childhood education in laying the foundation for a lifelong love of learning, Preschool Advantage provides financial assistance for eligible children to attend partner preschools. Despite the undeniable significance of a strong educational start, many local children lack the means to attend preschool due to their families' financial struggles, even though they may earn above the poverty level. Preschool Advantage bridges this gap by serving struggling families who do not qualify for government-funded programs but still cannot afford the cost of preschool, thereby hindering their children's future success and opportunities. Established in Morristown in 1995, Preschool Advantage has funded nearly 1,850 half-day preschool tuitions for over 1,350 children, ensuring that these children have access to early education, setting them on a path for future growth and academic excellence.

    Impact

    This information is meant to be a general summary of Preschool Advantage Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Preschool Advantage Inc's impact can be seen in the lives of over 1,350 children from struggling families in Morris and Somerset County who have been able to access early childhood education through their tuition assistance program. By funding almost 1,850 half-day preschool tuitions, Preschool Advantage is ensuring that these children have the opportunity to receive a solid educational start, setting the stage for future growth and propelling them onto their educational paths. Their mission to provide funding for qualified children to attend partner preschools is making a tangible difference in the lives of these young learners, helping to break the cycle of limited opportunities that can come with a lack of early childhood education access.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $7,797
  • Program Service Revenue: $0
  • Gross Receipts: $1,054,682

    • Assets and Liabilities:
  • Total Assets: $1,893,055
  • Total Liabilities: $0
  • Net Assets: $1,893,055
  • Organization Details

    Founding Year

    1995

    Principal Officer

    Kyle Colwell

    Main Address

    25 LINDSLEY DRIVE SUITE 307, MORRISTOWN, NJ, 07960

    NTEE Category

    Code: B82Z - Education

    If you are a representative of Preschool Advantage Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.