The Preschool in San Marco Inc

Nonprofit profile at a glance

EIN
841881580
IRS 990-EZ coverage
2020–2021
Forms available
Form 990-EZ 2021
Location
Jacksonville, FL, USA
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Reported finances

Revenue
$174,359
Expenses
$155,118
Assets
$39,077
Liabilities
$1,169

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • TIMOTHY SCOTT BADGETT (PRESIDENT)

People named in this filing

  • JOHN C CHERNESKI (DIRECTOR, SE)
  • RON GILLIARD (DIRECTOR)
  • TIMOTHY SCOTT BADGETT (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized exclusively for educational, charitable, and religious purposes as contemplated by section 501(c)(3)of the internal revenue code, specifically operating an educational institution and community resource center for preschool age children, and and related non- profit purposes. The purpose of the preschool is to conduct a christ-centered and bible- centered preschool; to give every child in its care a broad understanding of the christian philosophy of life; to meet cognitive, spiritual, and physical needs of the growing child so that none of these areas will be neglected; to accomplish these purposes by offering a superior preschool curriculum taught by excellent teachers; and otherwise to fulfill the purposes set forth in tthe article of incorpoaration.

What it reported doing in 2021

See mission statement

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 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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 82
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.4%; rating input score 63
  • Program expense ratio: 71.2%; rating input score 71

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 11%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 158.4% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 181.7% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 74.1% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 63.4% of revenue deployed · 71.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $110K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2020 to 2021
  • Contacts: How to reach this organization
  • 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: Total-asset coverage ratio scored 17/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.