Promiseland Preschool Inc
Nonprofit profile at a glance
- EIN
- 260388539
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Kaufman, TX, USA
- Phone
- 9729327796
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $2,146,818
- Expenses
- $2,255,496
- Assets
- $492,903
- Liabilities
- $53,830
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- AMY KEITH (BOARD PRESIDENT)
- LEAH JACKSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- LEAH JACKSON (EXECUTIVE DIRECTOR): $73,616 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a spiritual and educational foundation through a quality preschool and afterschool program that foster age-appropriate development and nurtures the hearts, minds, and souls of the children we serve.
What it reported doing in 2024
Promiseland learning center proudly serves children from ages 6 weeks to 5 years through its preschool program and offers a beore and after school care program for grade school children aged 4 to 12 years. Our mission remains steadfast: to transform kaufman county for christ by nurturing the hearts, minds, and souls of the children we serve as we lead them to know they are valued and loved by god. In the 2024-2025 school year, we reached an enrollment of 221 children across our programs. We continued to prioritize family involvement by hosting various events throughout the year to strengthen the connection between families and our center. Promiseland maintained a good standing with our state licensing standards, and we continued to maintain and strengthen our practices and standards for our Texas rising star program certification. Key initiatives included: child assessments and parent conferences; staff planning and training time outside the classroom; nominated and voted on the teacher of the year; attended frog street splash conference with top 3 teacher of the year nominees; continued parent orientations: sessions where parents could learn about our program, ask questions, and engage with staff; classroom upgrades to enhance the learning experience; upgrades to our playground to enhance childrens experiences; promotional practices to better serve families who are new to the community.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 88
- Accountability: 93
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.3%; rating input score 87
- Program expense ratio: 84.5%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.5%; rating input score 88; 19th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.1%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 7.8% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 8.7% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 12.3% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 87.3% of revenue deployed · 84.5% of spending went to programs
- Governance: 7 of 8 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $74K · 8 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes grants
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.