CINCINNATI PRESCHOOL PROMISE LLC

EIN: 814743008 501(c)(3) Education

CINCINNATI, OH

Total Revenue
$9,666,438
Total Expenses
$9,676,688
Total Assets
$1,931,179
Net Assets
$298,571
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
OH
Principal Officer
CHARA FISHER JACKSON
Phone
5132636762
Tax Period
2024-07-01 to 2025-06-30

CINCINNATI PRESCHOOL PROMISE LLC, founded in 2016, is a community nonprofit in the Education sector that reported $9.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS TO EXPAND ACCESS TO QUALITY COMMUNITY PROVIDER PRESCHOOLS LOCATED WITHIN THE GEOGRAPHIC BOUNDARIES OF THE CINCINNATI CITY SCHOOL DISTRICT IN HAMILTON COUNTY, OHIO (THE "SCHOOL DISTRICT"). IT FOCUSES ON ACCESS TO QUALITY PRESCHOOLS BECAUSE ATTENDING A QUALITY PRESCHOOL IS CONSIDERED A KEY STEP TO PREPARING CHILDREN FOR FUTURE EDUCATIONAL ACHIEVEMENT.

Program Service Accomplishments

Program 1
Expenses: $7,024,978

TUITION ASSISTANCE:THE GOAL OF THE TUITION ASSISTANCE PROGRAM IS TO GIVE PRESCHOOL-AGE CHILDREN LIVING IN IMPOVERISHED CIRCUMSTANCES THE OPPORTUNITY TO ATTEND A HIGH QUALITY RATED PRESCHOOL.WITH THIS...

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TUITION ASSISTANCE:THE GOAL OF THE TUITION ASSISTANCE PROGRAM IS TO GIVE PRESCHOOL-AGE CHILDREN LIVING IN IMPOVERISHED CIRCUMSTANCES THE OPPORTUNITY TO ATTEND A HIGH QUALITY RATED PRESCHOOL.WITH THIS PRESCHOOL PREPARATION THE CHILDREN ARE PROJECTED TO REACH HIGHER LEVELS OF EDUCATIONAL ACHIEVEMENT IN KINDERGARTEN AND BEYOND. THE INCREASED EDUCATIONAL ACHIEVEMENT IS SEEN AS A KEY STEP IN IMPROVING THE CHILDREN'S LONG-TERM SOCIAL AND ECONOMIC OPPORTUNITIES.THE PROGRAM IS FOCUSED ON FIRST HELPING THOSE CHILDREN LIVING IN FAMILIES WITH INCOMES AT OR BELOW 200% OF THE FEDERAL POVERTY LEVEL AND THEN PROGRESSIVELY INCREASING THE NUMBER OF CHILDREN HELPED BY(PROGRAM NARRATIVE CONTINUES IN SCHEDULE O) INCREASING THAT THRESHOLD. THE PROGRAM FUNDS ATTENDANCE AT HIGH QUALITY RATED PRESCHOOLS, WHICH ARE THOSE PRESCHOOLS THAT HAVE ACHIEVED A GOLD OR SILVER (FORMERLY 3, 4, OR 5 STAR) RATING IN THE OHIO STEP UP TO QUALITY (SUTQ) RATING SYSTEM.THE PROGRAM IS RESTRICTED TO HELPING CHILDREN BETWEEN THE AGES OF 3 AND 5 YEARS OF AGE WHO ARE NOT YET ELIGIBLE FOR KINDERGARTEN, BUT WHO ARE RESIDENTS OF THE GEOGRAPHIC AREAS ENCOMPASSED BY THE CINCINNATI PUBLIC SCHOOL DISTRICT (CPS) AND WHO ARE ENTITLED TO ATTEND CPS SCHOOL UNDER OHIO REV. CODE 3313.64, BUT CHOSE TO ATTEND A NON-CPS PRESCHOOL LOCATED WITHIN THE CPS BOUNDARIES. THESE NON-CPS PRESCHOOLS ARE COMMONLY REFERRED TO AS COMMUNITY PROVIDERS AND CAN INCLUDE PRESCHOOL PROGRAMS RECEIVING FEDERAL ASSISTANCE, OHIO GRANTS, AND EVEN PAROCHIAL AND NON-PAROCHIAL PRIVATE SCHOOLS.IN ORDER TO HELP THE LARGEST NUMBER OF CHILDREN FAMILIES ARE REQUIRED TO FIRST APPLY FOR AVAILABLE FEDERAL, STATE, AND LOCAL PRESCHOOL-RELATED FUNDING BEFORE BECOMING ELIGIBLE TO RECEIVE TUITION ASSISTANCE FUNDS.

Program 2
Expenses: $990,490

QUALITY IMPROVEMENTS:THE GOAL OF THE QUALITY IMPROVEMENT PROGRAM IS TO INCREASE THE NUMBER OF HIGH QUALITY RATED PRESCHOOL SEATS AVAILABLE WITHIN THE CPS GEOGRAPHIC BOUNDARIES.HIGH QUALITY RATED...

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QUALITY IMPROVEMENTS:THE GOAL OF THE QUALITY IMPROVEMENT PROGRAM IS TO INCREASE THE NUMBER OF HIGH QUALITY RATED PRESCHOOL SEATS AVAILABLE WITHIN THE CPS GEOGRAPHIC BOUNDARIES.HIGH QUALITY RATED PRESCHOOLS ARE THOSE THAT HAVE ACHIEVED A GOLD OR SILVER (FORMERLY 3, 4, OR 5 STAR) RATING IN THE OHIO STEP UP TO QUALITY (SUTQ) RATING SYSTEM. THE NEED FOR AN INCREASE IN THE NUMBER OF AVAILABLE HIGH QUALITY RATED PRESCHOOL PROGRAMS IN CINCINNATI WAS CHRONICLED BY A RAND CORPORATION STUDY TITLED OPTIONS FOR INVESTING IN ACCESS TO HIGH QUALITY PRESCHOOL IN CINCINNATI AND PUBLISHED IN 2016.TO MEET ITS GOALS THE PROGRAM PROVIDES SERVICES, TRAINING, MATERIALS, (PROGRAM NARRATIVE CONTINUES IN SCHEDULE O)AND ADVICE NEEDED FOR PRESCHOOLS TO ACHIEVE A GOLD OR SILVER SUTQ RATING. AS WITH TUITION ASSISTANCE, THE PROGRAM IS RESTRICTED TO PROVIDING ASSISTANCE WITHIN THE GEOGRAPHIC AREAS ENCOMPASSED BY THE CINCINNATI PUBLIC SCHOOL DISTRICT.

Program 3
Expenses: $338,360

COST OF QUALITY:THE COST OF QUALITY PROGRAM IS FOCUSED ON IMPROVING THE QUALITY OF PRESCHOOL EDUCATION AT COMMUNITY PROVIDERS BY IMPROVING LEAD TEACHER RETENTION AND TRAINING, BOTH OF WHICH HAVE BEEN...

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COST OF QUALITY:THE COST OF QUALITY PROGRAM IS FOCUSED ON IMPROVING THE QUALITY OF PRESCHOOL EDUCATION AT COMMUNITY PROVIDERS BY IMPROVING LEAD TEACHER RETENTION AND TRAINING, BOTH OF WHICH HAVE BEEN SHOWN TO IMPROVE OUTCOMES FOR PRESCHOOL STUDENTS.THE PROGRAM HAS TWO GRANTS MEANT TO BENEFIT TEACHERS WORKING AT COMMUNITY PROVIDERS WHO ARE ELIGIBLE FOR TUITION ASSISTANCE (TEACHER PROMISE GRANTS, TPG, AND TEACHER ADVANCEMENT STIPENDS, TAS) AND ONE GRANT FOR THOSE WORKING AT COMMUNITY PROVIDERS ELIGIBLE FOR QUALITY IMPROVEMENT (STAFF SUPPORT FUNDS, SSF). TPG, PAYS A MONTHLY STIPEND DIRECTLY TO QUALIFYING LEAD PRESCHOOL TEACHERS WHO STAY IN THAT ROLE AT(PROGRAM NARRATIVE CONTINUES IN SCHEDULE O)THEIR CURRENT PROVIDER. TAS, FOCUSES ON ONE-TIME PAYMENTS TO LEAD PRESCHOOL TEACHERS WHO ACHIEVE CERTAIN EDUCATIONAL MILESTONES. SSF PROVIDES RESTRICTED GRANTS TO COMMUNITY PROVIDERS, THE FUNDS OF WHICH MAY ONLY BE USED TO INCREASE WAGES, BENEFITS, OR TRAINING FOR THEIR PRESCHOOL TEACHERS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,663,270
Program Service Revenue $0
Investment Income $0
Other Revenue $3,168
TOTAL REVENUE $9,666,438

Expense Breakdown

Grants Paid $7,205,524
Salaries & Benefits $1,092,690
Fundraising Expenses $0
Program Expenses $8,353,828
Other Expenses $1,378,474
TOTAL EXPENSES $9,676,688

Year-over-Year Comparison

2024 2023 Change
Revenue $9,666,438 $10,292,178 -0.1%
Expenses $9,676,688 $10,286,841 -0.1%
Net Income $-10,250 $5,337 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
11
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$352,437
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIKITA ANDERSON BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
CHRISTOPHER BENNETT BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
PAMELA BOWERS BOARD MEMBER 1.00
Director
$0 $0 $0
GLEN CALHOUN BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
VERLINE DOTSON BOARD MEMBER 1.00
Director
$0 $0 $0
TERRI ENGLAND BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE HOPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET HULBERT BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
JALISSA HUTCHINS BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
VALICIA JOHNSON BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
CAROLYN JONES BOARD MEMBER 1.00
Director
$0 $0 $0
RAVEN MCKINNEY BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
ROSS MEYER BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTI PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA SANREGRET BOARD MEMBER (PART YEAR) 1.00
Director
$0 $0 $0
SALLIE WESTHEIMER BOARD MEMBER 1.00
Director
$0 $0 $0
MICAH KAMRASS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MARCIA FUTEL BOARD SECRETARTY AND VICE-CHAIR 1.00
Officer Director
$0 $0 $0
ANTHONY HOBSON TREASURER 1.00
Officer Director
$0 $0 $0
CHARA FISHER JACKSON EXECUTIVE DIRECTOR & CEO 65.00
Officer
$194,654 $21,682 $216,336
HECTOR POLANCO FINANCE DIRECTOR 50.00
Officer
$119,609 $16,492 $136,101
KENETRA MATHIS DEPUTY DIRECTOR 50.00
Highest
$112,363 $21,289 $133,652
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,666,438 $9,676,688 $1,931,179 $-10,250
2024 $10,292,178 $10,286,841 $1,825,141 $5,337
2023 $9,881,652 $9,877,510 $3,643,942 $4,142
2022 $9,290,269 $9,194,121 $1,955,901 $96,148
2021 $7,358,801 $7,398,413 $3,699,695 $-39,612
2020 $7,224,887 $7,215,422 $2,492,143 $9,465
2019 $6,031,948 $6,061,175 $3,510,798 $-29,227
2018 $4,097,984 $4,049,179 $3,484,183 $48,805
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