Totals
- Total revenue
- $947,215
- Total expenses
- $955,602
- Contributions and grants received
- $927,418
- Grants paid
- $570,250
- Program service revenue
- $0
- Investment income
- $7,797
- Other revenue
- $12,000
- Total assets, end of year
- $1,893,055
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,893,055
- Program services expenses (Part IX)
- $749,937
- Management and general expenses
- $97,047
- Fundraising expenses
- $108,618
- Program service expenses (Part III)
- $749,937
Program services were 78.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$328,990
-
1f · All other contributions, gifts and grants
$598,428
-
3 · Investment income
total $5,381 · excluded $5,381
-
7a · Gross sales of assets other than inventory
securities $2,416
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $2,416
-
7d · Net gain or loss
total $2,416 · excluded $2,416
-
8a · Fundraising events: gross income
$95,867
-
8a · Fundraising events: contributions included on line 1c
$328,990
-
8b · Fundraising events: direct expenses
$95,867
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$23,600
-
9b · Gaming: direct expenses
$11,600
-
9c · Net income from gaming
total $12,000 · excluded $12,000
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $570,250 · program services $570,250
-
5 · Compensation of officers, directors and key employees
total $100,164 · program services $50,082 · management and general $20,033 · fundraising $30,049
-
7 · Other salaries and wages
total $160,394 · program services $80,197 · management and general $32,079 · fundraising $48,118
-
9 · Other employee benefits
total $11,598 · program services $5,799 · management and general $2,319 · fundraising $3,480
-
10 · Payroll taxes
total $21,232 · program services $10,616 · management and general $4,246 · fundraising $6,370
-
11b · Fees: legal
total $383 · management and general $383
-
11c · Fees: accounting
total $13,138 · management and general $13,138
-
11g · Fees: other
total $4,097 · management and general $4,097
-
12 · Advertising and promotion
total $873 · management and general $656 · fundraising $217
-
13 · Office expenses
total $22,562 · program services $11,282 · management and general $4,511 · fundraising $6,769
-
16 · Occupancy
total $30,441 · program services $15,221 · management and general $6,088 · fundraising $9,132
-
19 · Conferences, conventions and meetings
total $3,737 · management and general $3,737
-
22 · Depreciation, depletion and amortization
total $2,600 · management and general $2,600
-
23 · Insurance
total $1,587 · management and general $1,587
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $5,268 · program services $2,634 · management and general $1,054 · fundraising $1,580
-
24b · Other expenses: PUBLIC RELATIONS
total $3,856 · program services $3,856
-
24c · Other expenses: DIRECT APPEAL
total $2,903 · fundraising $2,903
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $425 · management and general $425
-
24e · All other expenses
total $94 · management and general $94
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,948 · end of year $17
-
2 · Savings and temporary cash investments
beginning of year $653,223 · end of year $444,232
-
10a · Land, buildings and equipment: cost or other basis
$15,354
-
10b · Land, buildings and equipment: accumulated depreciation
$15,004
-
10c · Land, buildings and equipment, net
beginning of year $1,050 · end of year $350
-
11 · Investments: publicly traded securities
beginning of year $1,448,636 · end of year $1,441,448
-
14 · Intangible assets
beginning of year $4,908 · end of year $3,008
-
15 · Other assets
beginning of year $4,000 · end of year $4,000
-
27 · Net assets without donor restrictions
beginning of year $2,113,765 · end of year $1,893,055
Mission and programs · 2022
Mission
PRESCHOOL ADVANTAGE PROVIDES FUNDING FOR QUALIFIED CHILDREN TO ATTEND OUR PARTNER PRESCHOOLS.
Activities or mission (Part I)
TO FUND TUITIONS TO PRESCHOOLS FOR LOW INCOME FAMILIES IN MORRIS AND SOMERSET COUNTY.
-
PRESCHOOL ASSISTANCE: THE FIRST YEARS OF A CHILD'S LIFE ARE CRITICAL TO LAYING THE FOUNDATION FOR A LIFETIME LOVE OF LEARNING. EARLY CHILDHOOD EDUCATION SETS THE STAGE FOR FUTURE GROWTH AND PROPELS CHILDREN ONTO THEIR EDUCATIONAL PATHS. DESPITE THE UNDENIABLE IMPORTANCE OF A SOLID EDUCATIONAL START, MANY LOCAL CHILDREN HAVE NO MEANS TO ATTEND PRESCHOOL. PRESCHOOL ADVANTAGE SERVES THE POPULATION OF STRUGGLING FAMILIES WHO DO NOT QUALIFY FOR GOVERNMENT FUNDED PROGRAMS BECAUSE THEY EARN ABOVE THE POVERTY LEVEL, BUT ARE STILL EARNING BELOW THE LEVEL OF SUSTAINABILITY FOR OUR REGION. THESE FAMILIES SIMPLY CANNOT AFFORD THE COST OF A PRESCHOOL FOR THEIR CHILD THUS HINDERING THE CHILD'S SUCCESS AND OPPORTUNITIES LATER IN LIFE. THE LACK OF SOURCES OF ASSISTANCE FOR WORKING FAMILIES UNABLE TO SUPPORT THE COST OF PRESCHOOL LED TO THE FOUNDING OF PRESCHOOL ADVANTAGE IN MORRISTOWN IN 1995. TO DATE, WE HAVE FUNDED ALMOST 1,850 HALF-DAY PRESCHOOL TUITIONS FOR OVER 1,350 CHILDREN.
Expenses $749,937 · Grants $570,250
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Adrienne KirbyADRIENNE KIRBY
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Bette SimmonsBETTE SIMMONS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Ray HawkinsRAY HAWKINS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 8
-
Gail ReutherGAIL REUTHER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Lauren DiemarLAUREN DIEMAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn SimpsonCAROLYN SIMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joshua MackoffJOSHUA MACKOFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kyle ColwellKYLE COLWELL
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Judy PierceJUDY PIERCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Denise LanzaDENISE LANZA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ginger MichaelsGINGER MICHAELS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Matt MirettMATT MIRETT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Maria SavettiereMARIA SAVETTIERE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Andrew SchneiderANDREW SCHNEIDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Pam SullivanPAM SULLIVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Nancy BangiolaNANCY BANGIOLA
EXECUTIVE DIRECTOR
- Total calculated
- $100,247
- From this org
- $88,840
- From related orgs
- $0
- Other
- $11,407
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302979349301320
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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