Preschool Promise, Inc.
Meets Standards
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
Preschool Promise, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
We are transforming early care and education, ensuring that every child can have equitable, high-quality and affordable programs and services from prenatal to age five.
Year, State Incorporated:
2016, OH
Preschool Promise provides sliding-scale tuition assistance to families who send their child to one of our more than 100 partner Preschools. In-depth, year-long, evidence-based professional
development is offered to teachers and administrators to improve best practices in the classroom, with a special focus on promoting equity and elevating Black boys.
Children benefit from having highly qualified preschool teachers and administrators. Preschool Promise launched an innovative initiative to help teachers earn credentials and degrees in early
childhood education, debt-free. Additionally, Preschool Promise works to increase the wages of early childhood educators. More recently, Preschool Promise has expanded its work to support pregnant women and their children from Birth to age 3. Preschool Promise is expanding evidence-based home visiting and helping families access resources like parenting support and early intervention services so that all children can thrive in their earliest years.
For the year ended December 31, 2023, Preschool Promise, Inc.'s program expenses were:
| Community Education | $11,724,465 |
| Total Program Expenses | $11,724,465 |
Chief Executive
Robyn Lightcap, Executive Director
Chair of the Board
Deborah Feldman, President/CEO
Chair's Profession / Business Affiliation
Dayton Children's Hospital
Board Size
7
Paid Staff Size
31
Method(s) Used:
Grant proposals, Sponsorships
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 Preschool Promise, Inc.'s audited financial statements for the year ended December 31, 2023.
Source of Funds
| Government Grants | $10,360,734 |
| Foundation Grants | $1,770,377 |
| Contributed Nonfinancial Assets | $138,796 |
| Program Service Fees | $122,415 |
| Corporate Grants | $117,226 |
| Miscellaneous Revenue | $6,582 |
| Individual Contributions | $1,783 |
| Total Income | $12,517,913 |
Programs: 92% Fundraising: 0% Administrative: 8%
| Total Income | $12,517,913 |
| Total expenses: | $12,676,327 |
| Program expenses | $11,724,465 |
| Fundraising expenses | $862 |
| Administrative expenses | $951,000 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-158,414 |
| Beginning Net Assets | $1,227,541 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $1,069,127 |
| Total Liabilities | $3,277,444 |
| Total Assets | $1,661,323 |
The organization explained to BBB there is no fundraising allocated for this most recent audit as the organization did not fundraise or have staff specifically designated to do so. Preschool Promise had been funded through the City of Dayton and Montgomery County tax levees. However, the next year's budget and IRS Form 990 will show expenses allocated to fundraising.
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.
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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 of Dayton and Miami Valley