Is it real?
Yes. Exemption reinstated (2017-12-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Feb 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
4 people listed on the 990; $41K paid to officers and key staff.
Liz Palchick’s $41K as President is at the 32nd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Margaret Jakab | — | — | $34,516 | $46,635 | $29,023 |
| Liz Palchick | $41,012 | $36,545 | — | — | — |
| Liz Palchik | — | — | $25,875 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Community Preschool executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers preschool instruction and learning for children ages two to six, five days a week.
Questions for Community Preschool
Your first name shows with your question. Community Preschool answers here, for everyone.
Provide pre-school program instruction and learning to children ages two to six five days a week. In total, the school provided instruction for 48 children this fiscal year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $111K | $76K |
| Land, buildings, equipmentLn 10c | $4K | $26K |
| Total assetsLn 16 | $134K | $116K |
| LiabilitiesLn 26 | $4K | $427 |
| Net assetsLn 32 | $129K | $115K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $41K | $41K | ||
| Other salaries and wagesLn 7 | $57K | $57K | ||
| Other employee benefitsLn 9 | $479 | $479 | ||
| Payroll taxesLn 10 | $8K | $8K | ||
| Investment management feesLn 11f | $100 | $100 | ||
| Other fees for servicesLn 11g | $1K | $874 | $165 | |
| Advertising and promotionLn 12 | $320 | $320 | ||
| Office expensesLn 13 | $2K | $1K | $1K | |
| Information technologyLn 14 | $698 | $698 | ||
| OccupancyLn 16 | $11K | $11K | ||
| TravelLn 17 | $11 | $11 | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $3K | $3K | $264 | |
| All other expensesLn 24e | $42 | $42 | ||
| Total functional expensesLn 25 | $128K | $115K | $13K | $42 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Oct 31, 2025 | $114K | $128K | −$14K | $115K | 990 PDF |
| FY2024Filed with the IRS Dec 13, 2024 | $110K | $123K | −$14K | $129K | 990 PDF |
| FY2023Filed with the IRS Jan 23, 2024 | $221K | $131K | $90K | $143K | 990 PDF |
| FY2022Filed with the IRS Jan 13, 2023 | $145K | $53K | 990 PDF | ||
| FY2021Filed with the IRS Dec 10, 2021 | $112K | $80K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $114,445 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $114,445 across 6 lines filed
Part IX · Statement of functional expenses $128,399 across 15 lines filed
Part X · Balance sheet $115,678 assets, 11 lines filed
Part XI · Reconciliation of net assets $115,251 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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