EIN 81-4743008

Cincinnati Preschool Promise LLC

IRS 501(c) type
501(c)(3)
Num. employees
9
State
Year formed
2016
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Cincinnati Preschool Promise LLC expands access to quality community provider preschools within the Cincinnati City School District in Hamilton County, Ohio. The organization aims to give preschool-age children living in impoverished circumstances tuition assistance to attend high-quality rated preschools for better preparation and projected academic success. The cost of quality program focuses on improving lead teacher retention and training to enhance the Preschool education at community providers, resulting in improved outcomes for Preschool students. The program has two grants.
Total revenues
$9,881,652
2023
Total expenses
$9,877,510
2023
Total assets
$3,643,942
2023
Num. employees
9
2023

Program areas at Cincinnati Preschool Promise LLC

Tuition assistance:the goal of the tuition assistance program is to give preschool-age children living in impoverished circumstances the opportunity to attend a high quality rated Preschool. With this Preschool preparation the children are projected to reach higher levels of educational achievement in kindergarten and beyond. The increased educational achievement is seen as a key step in improving the children's long-term social and economic opportunities.the program is focused on first helping those children living in families with incomes at or below 200% of the federal poverty level and then progressively increasing the number of children helped by increasing that threshold. The program funds attendance at high quality rated preschools, which are those preschools that have achieved a 3, 4, or 5 star rating in the Ohio step up to quality (sutq) rating system.the program is restricted to helping children between the ages of 3 and 5 years of age who are not yet eligible for kindergarten, but who are residents of the geographic areas encompassed by the Cincinnati public school district (cps) and who are entitled to attend cps school under Ohio rev. Code 3313.64, but chose to attend a non-cps Preschool located within the cps boundaries. These non-cps preschools are commonly referred to as community providers and can include Preschool programs receiving federal assistance, Ohio grants, and even parochial and non-parochial private schools.in order to help the largest number of children families are required to first apply for available federal, state, and local preschool-related funding before becoming eligible to receive tuition assistance funds.
The cost of quality program is focused on improving the quality of Preschool education at community providers by improving lead teacher retention and training, both of which have been shown to improve outcomes for Preschool students. The program has two grants meant to benefit teachers working at community providers who are eligible for tuition assistance (teacher Promise grants, tpg, and teacher advancement stipends, tas) and one grant for those working at community providers eligible for quality improvement (staff support funds, ssf). Tpg, pays a monthly stipend directly to qualifying lead Preschool teachers who stay in that role at their current provider. Tas, focuses on one-time payments to lead Preschool teachers who achieve certain educational milestones. Ssf provide restricted grants to community providers, the funds of which may only be used to increase wages, benefits, or training for their Preschool teachers.
Quality improvements:the goal of the quality improvement program is to increase the number of high quality rated Preschool seats available within the cps geographic boundaries. High quality rated preschools are those that have achieved a 3, 4, or 5 star rating in the Ohio step up to quality (sutq) rating system. The need for an increase in the number of available high quality rated Preschool programs in Cincinnati was chronicled by a rand corporation study titled options for investing in access to high quality Preschool in Cincinnati and published in 2016.to meet its goals the program provides services, training, materials, and advice needed for preschools to achieve a 3, 4, or 5 star sutq rating. As with tuition assistance, the program is restricted to providing assistance within the geographic areas encompassed by the Cincinnati public school district.

Grants made by Cincinnati Preschool Promise LLC

GranteeGrant descriptionAmount
Children Offered Hope Learning CenterImprove Or Maintain Step Up To Quality Rating To at Least 3 Stars$0
These Precious Hands Child Dev CenterImprove Or Maintain Step Up To Quality Rating To at Least 3 Stars$0

Who funds Cincinnati Preschool Promise LLC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Greater Cincinnati FoundationGeneral Purpose$50,000
AmazonSmile FoundationGeneral Support$119

Personnel at Cincinnati Preschool Promise LLC

NameTitleCompensation
Chara Fisher JacksonExecutive Director and Chief Executive Officer$177,597
Hector PolancoFinance Director$112,216
Micah KamrassBoard Chair$0
Marcia FutelBoard Secretarty and Vice - Chair$0
Anthony HobsonTreasurer$0
...and 4 more key personnel

Financials for Cincinnati Preschool Promise LLC

RevenuesFYE 06/2023
Total grants, contributions, etc.$9,881,652
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,881,652

Form 990s for Cincinnati Preschool Promise LLC

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-28990View PDF
2022-062023-05-10990View PDF
2021-062022-05-16990View PDF
2020-062021-05-18990View PDF
2019-062021-01-28990View PDF
...and 2 more Form 990s

Organizations like Cincinnati Preschool Promise LLC

OrganizationLocationRevenue
Collective for YouthOmaha, NE$14,938,628
West River FoundationSturgis, SD$4,290,918
Indiana Afterschool NetworkIndianapolis, IN$9,391,555
Serving Our ChildrenWashington, DC$20,124,566
New American Development CenterMinneapolis, MN$4,111,802
New Paradigm for Education (NPFE)Detroit, MI$23,119,785
The Virginia Foundation for Community College EducationRichmond, VA$5,006,881
New Schools for AlabamaBirmingham, AL$8,181,256
Opportunity 180Las Vegas, NV$13,609,678
Arkansas Public School Resource CenterLittle Rock, AR$18,553,511
Data update history
May 17, 2024
Updated personnel
Identified 4 new personnel
December 27, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from The Greater Cincinnati Foundation
August 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsEducational service providersCharities
Issues
Education
Characteristics
State / local levelReceives government fundingProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
2400 Reading Rd 220
Cincinnati, OH 45202
Metro area
Cincinnati, OH-KY-IN
County
Hamilton County, OH
Website URL
cincy-promise.org/ 
Phone
(513) 263-6762
IRS details
EIN
81-4743008
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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