Cincinnati Preschool Promise
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Cincinnati Preschool Promise does not meet the following 4 Standards for Charity Accountability:
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
The charity does not meet this Standard because:
Per the organization's application, this process occurs once every three years, while this Standard requires at least once every two years.
Standard 13 (Accuracy of Expenses in Financial Statements)
Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.
The charity does not meet this Standard because:
Organization does not report fundraising expenses.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
The charity does not meet this Standard because:
Organization's annual report does not include all of the elements required by this Standard.
Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.
The charity does not meet this Standard because:
Organization's privacy policy is missing information on how to contact the organization to review or correct personal information or how to inform the organization not to share personal information.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 9
Cincinnati Preschool Promise meets the remaining 15 Standards for Charity Accountability.
Stated Purpose:
Cincinnati Preschool Promise ensures families have equitable access to high-quality preschools so that every Cincinnati child is prepared for kindergarten.
Year, State Incorporated:
2016, OH
Program information not available.
For the year ended June 30, 2024, Cincinnati Preschool Promise's program expenses were:
| Tuition Assistance | $7,291,766 |
| Quality Improvement | $1,296,226 |
| Cost of Quality | $384,869 |
| Total Program Expenses | $8,972,861 |
Chief Executive
Chara Fisher Jackson, Executive Director/CEO
Chair of the Board
Micah Kamrass
Chair's Profession / Business Affiliation
Manley Burke
Board Size
16
Method(s) Used:
Print advertisements (newspapers, magazines, etc.), Television, Membership appeals
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Cincinnati Preschool Promise's audited financial statements for the year ended June 30, 2024.
Source of Funds
| Shared property taxes revenue | $10,282,618 |
| Contributions | $10,510 |
| Total Income | $10,293,128 |
Programs: 87% Fundraising: 0% Administrative: 13%
| Total Income | $10,293,128 |
| Total expenses: | $10,287,791 |
| Program expenses | $8,972,861 |
| Fundraising expenses | $0 |
| Administrative expenses | $1,314,930 |
| Other expenses | $0 |
| Income in Excess of Expenses | $5,337 |
| Beginning Net Assets | $303,484 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $308,821 |
| Total Liabilities | $1,516,320 |
| Total Assets | $1,825,141 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Cincinnati