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Pre-K Our Way FY2020 filing

Florham Park, NJUnknown exempt organization EIN 47-2164574Revenue $650K in FY2020

On file with the IRSprekourway.org7 Columbia Turnpike - Suite 201 · Florham Park, NJ

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Pre-K Our Way has a singular mission: to educate new jersey parents and others as to the benefits of a quality preschool education for 3 and 4 year old children and to assist all new jersey children who need preschool education in their communities to get IT through expanding new jersey's high quality preschool program to local school districts throughout the state.

76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $257K a year · 45% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $501K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$650K
Spent
$876K
To programs
76%
Net assets
$360K
By yearFY2020–FY2021
Revenue
$650K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$650K
FY2021$501K
Expenses
$876K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$876K
FY2021$788K
Net assets
$360K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$360K
FY2021$73K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $662K Management & general 24% · $214K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
M Brian Maher
Chairman & T
$0Pt VII · Sec A
Sandra Maher
President
$0Pt VII · Sec A
Scott Schley
Secretary
$0Pt VII · Sec A
See Pre-K Our Way executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates parents on preschool benefits and helps New Jersey children access quality programs.

Questions for Pre-K Our Way

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Provided by the organization

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1 program · $662K · in their own filed words · FY2020
01

Designed, developed, wrote and produced informational materials, including handouts, posters, videos, informational ads, flyers, digital ads, folders with detailed information, media buys, etc. Created informative email programs and managed social media.

$662Kprogram 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 · FY2021
Maher Charitable FoundationFY2021$501K
Total grants receivedfrom 1 funder$501K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$650K
Ln 12
Gifts and grantsLn 1h$650K
Money outPt IX
$876K
Ln 25
Programscol B$662K
Managementcol C$214K
Owns and owesPt X
$360K
net assets · Ln 32
Cash and savingsLn 1–2$125K
Total assetsLn 16$373K
LiabilitiesLn 26$13K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$650K
Total revenueLn 12$650K
Assets in detailPt X, end of year
CashLn 1$125K
Cash and savings togetherLn 1–2$125K
Total assetsLn 16$373K
LiabilitiesLn 26$13K
Net assetsLn 32$360K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$422K$125K
Total assetsLn 16$598K$373K
LiabilitiesLn 26$12K$13K
Net assetsLn 32$586K$360K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$876K$662K$214K
Total functional expensesLn 25$876K$662K$214K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $501K$788K−$287K$73K 990 PDF
FY2020 Viewing $650K$876K−$226K$360K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $650,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,250,000$650,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,250,000$650,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $764,104$876,052
I-18 Total expensesPrior year $764,104$876,052
I-19 Revenue less expensesPrior year $485,896−$226,052
Part VI · Governance 1 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $650,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$650,000
VIII-1h Total contributions, gifts and grants$650,000
VIII-12 Total revenue$650,000
Part IX · Statement of functional expenses $876,052 across 1 line filed
IX-11g Other fees for servicesPrograms $661,834 · Management $214,218$876,052
IX-25 Total functional expensesPrograms $661,834 · Management $214,218 · Fundraising $0$876,052
Part X · Balance sheet $373,352 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $422,227$125,352
X-9 Prepaid expenses and deferred chargesStart of year $176,200$248,000
X-16 Total assetsStart of year $598,427$373,352
X-17 Accounts payable and accrued expensesStart of year $12,379$13,356
X-26 Total liabilitiesStart of year $12,379$13,356
X-27 Net assets without donor restrictionsStart of year $586,048$359,996
X-32 Total net assets or fund balancesStart of year $586,048$359,996
X-33 Total liabilities and net assetsStart of year $598,427$373,352
Part XI · Reconciliation of net assets $359,996 net assets at year end
XI-1 Total revenue$650,000
XI-2 Total expenses$876,052
XI-3 Revenue less expenses−$226,052
XI-4 Net assets at start of year$586,048
XI-10 Net assets at end of year$359,996

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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