The Children's Preschool Inc
Nonprofit profile at a glance
- EIN
- 060872694
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- New Haven, CT, USA
- Phone
- 2037772491
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $438,545
- Expenses
- $448,834
- Assets
- $764,338
- Liabilities
- $3,500
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- JULIE GREENWOOD (PRESIDENT)
Highest reported compensation
- ANDREW MYERS (DIRECTOR): $85,353 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Early childhood education
What it reported doing in 2024
Operating a parent-teacher cooperative school that is wholly non-sectarian, sponsored by the first unitarian universalist society, and which employs the discovery method. The school provides a learning experience for 26 children that enables them to discover themselves, others and the world around them. The school is committed to the idea that the "power of the child to thrill with wonder at the everyday things about him is too precious to be discouraged, and too significant to be neglected." thus the school provides the children with opportunities to: discover and develop creativity, discover feelings and ways of expressing them, develop sensory perception, discover a variety of forms of movement and muscle developing activities, discover the nature of living things and develop an awareness of differences between animate and the inanimate, discover the community and the child's relationship to it and discover and respect differences among people and species.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 93% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 93
- Accountability: 74
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.5%; rating input score 78
- Program expense ratio: 77.3%; rating input score 77
- Fundraising efficiency: $1.61 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2.3%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 1.7; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 19%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 78.5% of revenue deployed · 77.3% of spending went to programs
- Governance: 15 of 15 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $347K in reported program spending
- Leadership: top reported pay $85K · 16 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes grants
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 8/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Officer compensation ratio scored 20/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.