The Islesboro Pre-School

Nonprofit profile at a glance

EIN
010376079
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-N 2014
Location
Islesboro, ME, USA
Phone
2077348859
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$364,523
Expenses
$262,110
Assets
$2,000,743
Liabilities
$2,053

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Highest reported compensation

  • Lindsey Govoni (Executive Dir.): $47,635 total reported compensation
  • Emily Pendleton (Chair): $759 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Islesboro Preschool recognizes each child as an individual with their own set of life experiences. Each child will be encouraged to explore, observe, experiment, and discover through direct, concrete interaction with the environment. Children are given activities to challenge and to increase their developmental skills. Children are accepted for where they are at in all stages of development and encouraged to develop at their own rate. Character development is fostered in all areas to build caring, honest, respectful, and responsible individuals.

What it reported doing in 2024

The Islesboro Preschool runs programs for two age groups. The Infant and Toddler program is for children ranging in age from 3 months to 2 1/2 years. The Preschool program is structured for children aged 2 1/2 through 5 years old. Both programs are now housed in our brand new facility at 152 Main Road located next door to the town office and fire department.In addition, summer camps are available for infants - 5 years of age.The Islesboro Preschool provides an atmosphere that encourages social, emotional, physical, and intellectual growth and development of the child as a whole. Using the Maine Early Childhood Guidelines and Infant/Toddler Guidelines, our program structures activities to meet those goals. Programs such as Creative Curriculum and Handwriting Without Tears provide structure and assessments to guide and monitor children along their developmental continuum. A typical day at the Islesboro Preschool will include a variety of activities including the following: sharing and conversation time, stories, songs, and finger plays; creative arts and crafts; games and large muscle play with outside play; nature, science, and math activities; field trips on the island; and exposure to readiness skills for Kindergarten.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 92
  • Accountability: 60
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.1%; rating input score 64
  • Program expense ratio: 83.4%; rating input score 83
  • Fundraising efficiency: $318.16 raised per $1 spent on fundraising; rating input score 94; 94th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 22nd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28.1%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 7.63; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 18.5%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 11.6% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: -7.2% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 64.1% of revenue deployed · 83.4% of spending went to programs
  • Governance: 11 of 13 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $219K in reported program spending
  • Leadership: top reported pay $48K · 13 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.