Ocala First Preschool INC

Tax-deductible

Ocala, FL501(c)(3)Since 2014EducationEIN 47-1504826Revenue $773K in FY2025

On file with the IRSocalafirstpreschool.org1126 E Silver Springs Blvd, 34470-6704 · Ocala, FLTax-exempt since Apr 2018Publicly supported — 509(a)(2)

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Religious Preschool dedicated to educating children and instilling in them a faithful love of god through their lord and savior jesus christ

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 35 volunteers and 26 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $20K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 9% of spending
Top officer’s pay lower than 58% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$773K
+7% vs prior year
Spent
$932K
To programs
86%
Net assets
$107K
By yearFY2021–FY2025
Revenue
$773K
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$697K
FY2022$607K
FY2023$689K
FY2024$726K
FY2025$773K
Expenses
$932K
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2021$586K
FY2022$607K
FY2023$704K
FY2024$762K
FY2025$932K
Net assets
$107K
FY2025▼ -60%
Tap a bar for its year
Net assets by fiscal year
FY2021$318K
FY2022$318K
FY2023$302K
FY2024$266K
FY2025$107K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $802K Management & general 9% · $88K Fundraising 5% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Finance/Asst
$50,722Pt VII · Sec A
Teacher Rep
$36,159Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jennifer McGovern’s $51K as Finance/Asst is at the 42nd 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023
Jennifer McGovern$50,722$44,318—
Ashley McGovern——$37,094
Leigh-Ann Walker$36,159$28,687—
Katherine Langley——$22,166

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.

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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 15aNo

Programs and updates

Educates children in faith, instilling a loving devotion to God through Jesus Christ.

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Provided by the organization

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1 program · $802K · in their own filed words · FY2025
01

The preschool offers a safe, fun environment for children ages 3 through 5 where kids can be kids. The curriculum is designed to prepare them for kindergarten. The preschool also provides a free voluntary pre- kindergarten program (VPK) for children in the ocala marion county florida community.

$802Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$773K
Ln 12
Fees for servicesLn 2g$734K
Other incomeLn 4–11$39K
Money outPt IX
$932K
Ln 25
Programscol B$802K
Managementcol C$88K
Fundraisingcol D$42K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$107K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$734K
Other incomeLn 4–11$39K
Total revenueLn 12$773K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$68K
Total assetsLn 16$107K
LiabilitiesLn 26$0
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 526
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$190K$39K
Land, buildings, equipmentLn 10c$76K$68K
Total assetsLn 16$266K$107K
LiabilitiesLn 26$0$0
Net assetsLn 32$266K$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$753K$640K$75K$38K
Payroll taxesLn 10$57K$49K$6K$3K
Accounting feesLn 11c$6K$6K$139
Advertising and promotionLn 12$554$541$13
Office expensesLn 13$8K$7K$788$395
Information technologyLn 14$5K$5K$502
OccupancyLn 16$26K$23K$3K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$10K$9K$1K$505
Other expenses (24a–d)Ln 24$51K$48K$2K$921
All other expensesLn 24e$5K$5K$21
Total functional expensesLn 25$932K$802K$88K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $773K$932K−$159K$107K 990 PDF
FY2024 $726K$762K−$36K$266K 990 PDF
FY2023 $689K$704K−$15K$302K 990 PDF
FY2022 $607K$607K−$319$318K 990 PDF
FY2021 $697K$586K$111K$318K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $772,942 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $692,893$734,010
I-10 Investment income$0
I-11 Other revenuePrior year $32,844$38,932
I-12 Total revenuePrior year $725,737$772,942
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $647,728$810,549
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $114,114$121,336
I-18 Total expensesPrior year $761,842$931,885
I-19 Revenue less expensesPrior year −$36,105−$158,943
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $772,942 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $734,010$734,010
VIII-8 Net income from fundraising events$38,932
VIII-12 Total revenueRelated to mission $734,010$772,942
Part IX · Statement of functional expenses $931,885 across 11 lines filed
IX-7 Other salaries and wagesPrograms $640,226 · Management $75,322 · Fundraising $37,660$753,208
IX-10 Payroll taxesPrograms $48,740 · Management $5,734 · Fundraising $2,867$57,341
IX-11c Accounting feesPrograms $5,504 · Management $139$5,643
IX-12 Advertising and promotionPrograms $541 · Fundraising $13$554
IX-13 Office expensesPrograms $6,702 · Management $788 · Fundraising $395$7,885
IX-14 Information technologyPrograms $4,517 · Management $502$5,019
IX-16 OccupancyPrograms $23,459 · Management $2,607$26,066
IX-22 Depreciation, depletion and amortizationPrograms $10,177$10,177
IX-23 InsurancePrograms $8,585 · Management $1,010 · Fundraising $505$10,100
IX-24 Other expenses (24a–d)Programs $48,038 · Management $1,841 · Fundraising $921$50,800
IX-24e All other expensesPrograms $5,071 · Management $21$5,092
IX-25 Total functional expensesPrograms $801,560 · Management $87,964 · Fundraising $42,361$931,885
Part X · Balance sheet $107,296 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $190,162$39,352
X-10c Land, buildings and equipment, netStart of year $76,078$67,944
X-16 Total assetsStart of year $266,240$107,296
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $266,240$107,296
X-32 Total net assets or fund balancesStart of year $266,240$107,296
X-33 Total liabilities and net assetsStart of year $266,240$107,296
Part XI · Reconciliation of net assets $107,296 net assets at year end
XI-1 Total revenue$772,942
XI-2 Total expenses$931,885
XI-3 Revenue less expenses−$158,943
XI-4 Net assets at start of year$266,240
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$107,296

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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