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 Vulnerability Assessment (Tuckman-Chang)

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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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Liquidity & Cash Position

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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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