EIN 22-3360099

Preschool Advantage

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
1995
Most recent tax filings
2022-12-01
Description
Preschool Advantage funds tuitions to preschools for low income families in Morris and Somerset County. The organization provides funding for qualified children to attend their partner preschools. Early childhood education is crucial, and it sets the stage for future growth and propels children onto their educational paths.
Also known as...
Project Acorn
Total revenues
$947,215
2022
Total expenses
$955,602
2022
Total assets
$1,893,055
2022
Num. employees
4
2022

Program areas at Preschool Advantage

Preschool assistance: the first years of a child's life are critical to laying the foundation for a lifetime love of learning. Early childhood education sets the stage for future growth and propels children onto their educational paths. Despite the undeniable importance of a solid educational start, many local children have no means to attend Preschool. Preschool Advantage serves the population of struggling families who do not qualify for government funded programs because they earn above the poverty level, but are still earning below the level of sustainability for our region. These families simply cannot afford the cost of a Preschool for their child thus hindering the child's success and opportunities later in life. The lack of sources of assistance for working families unable to support the cost of Preschool led to the founding of Preschool Advantage in morristown in 1995. To date, we have funded almost 1,850 half-day Preschool tuitions for over 1,350 children.

Who funds Preschool Advantage

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The MC Cutchen FoundationGeneral Operating Fund$65,000
Rochkind Wagner FoundationTuition Scholarships for Preschool Programs$50,000
Schwab Charitable FundEducation$31,050
...and 40 more grants received totalling $412,976

Personnel at Preschool Advantage

NameTitleCompensation
Nancy BangiolaExecutive Director$88,840
Jessica JessieDirector of Development
Colleen CareyOutreach, Marketing and Events Manager
Kyle ColwellTreasurer$0
Matt MirettVice President$0
...and 5 more key personnel

Financials for Preschool Advantage

RevenuesFYE 12/2022
Total grants, contributions, etc.$927,418
Program services$0
Investment income and dividends$5,381
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,416
Net income from fundraising events$0
Net income from gaming activities$12,000
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$947,215

Form 990s for Preschool Advantage

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-24990View PDF
2021-122022-10-14990View PDF
2020-122021-09-21990View PDF
2019-122020-08-14990View PDF
2018-122019-10-31990View PDF
...and 9 more Form 990s
Data update history
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Updated personnel
Identified 3 new personnel
October 23, 2023
Received grants
Identified 3 new grant, including a grant for $13,850 from The Blackbaud Giving Fund
August 4, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 23, 2023
Received grants
Identified 25 new grant, including a grant for $65,000 from The MC Cutchen Foundation
Nonprofit Types
SchoolsChildhood education nonprofitsYouth service charitiesCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelEndowed supportProvides scholarshipsGala fundraisersFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
25 Lindsley Dr Suite 307
Morristown, NJ 07960
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Morris County, NJ
Website URL
preschooladvantage.org/ 
Phone
(973) 532-2501
IRS details
EIN
22-3360099
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B21: Nursery School, Early School Admissions, Kindergarten
NAICS code, primary
624410: Child Day Care Services
Parent/child status
Independent
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