Nonprofit · EIN 22-3360099
PRESCHOOL ADVANTAGE INC
Tax-exempt · MORRISTOWN, NJ 07960
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,051,915 | $1,183,944 | -$132,029 | $2,121,222 | $0 | $2,121,222 |
| December 31, 2023 | 990 | $1,066,984 | $982,208 | $84,776 | $2,138,082 | $0 | $2,138,082 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $955,843
- Program service revenue
- $0
- Investment income
- $76,398
- Net gain from sales of assets
- $11,259
- Net income from gaming
- $19,674
- Other revenue
- $19,674
Expenses
- Grants and similar amounts paid
- $701,111
- Compensation of officers, directors and key employees
- $139,705
- Other salaries and wages
- $215,508
- Salaries, compensation and benefits (total)
- $387,106
- Professional fundraising fees
- $0
- Legal fees
- $361
- Accounting fees
- $5,000
- Occupancy
- $32,325
- Depreciation
- $1,108
- Program services (functional)
- $931,814
- Management and general (functional)
- $115,017
- Fundraising (functional)
- $137,113
Balance sheet and other
- Total assets, start of year
- $2,138,082
- Total assets, end of year
- $2,121,222
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,121,222
- Publicly traded securities
- $1,769,369
- Net assets without donor restrictions
- $2,121,222
- Gross receipts
- $1,191,022
- Employees
- 5
- Volunteers
- 92
- Year formed
- 1995
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY BANGIOLA | EXECUTIVE DIRECTOR Officer | 40 | $116,036 | $24,171 |
| BETTE SIMMONS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RAY HAWKINS | PRESIDENT Trustee or director, Officer | 8 | $0 | $0 |
| GAIL REUTHER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LAUREN DIEMAR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CAROLYN SIMPSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KYLE COLWELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOSHUA MACKOFF | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JUDY PIERCE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DENISE LANZA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GINGER MICHAELS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MATT MIRETT | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARIA SAVETTIERE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANDREW SCHNEIDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAM SULLIVAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY BANGIOLA | EXECUTIVE DIRECTOR Officer | 40 | $86,790 | $11,572 |
| BETTE SIMMONS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RAY HAWKINS | PRESIDENT Trustee or director, Officer | 8 | $0 | $0 |
| GAIL REUTHER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LAUREN DIEMAR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CAROLYN SIMPSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOSHUA MACKOFF | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KYLE COLWELL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JUDY PIERCE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DENISE LANZA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GINGER MICHAELS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MATT MIRETT | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARIA SAVETTIERE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANDREW SCHNEIDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAM SULLIVAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 25 LINDSLEY DR STE 307, MORRISTOWN, NJ 07960-4456
- In care of
- % EUGENE HUANG
- Principal officer (990 for 2024)
- JOSHUA MACKOFF, 25 LINDSLEY DRIVESUITE 307, MORRISTOWN, NJ 07960
- Signed the 990
- JOSHUA MACKOFF, TREASURER
- Phone
- (973) 532-2501
- Website
- WWW.PRESCHOOLADVANTAGE.ORG
- Return prepared by
- NISIVOCCIA LLP
Mission
PRESCHOOL ADVANTAGE PROVIDES FUNDING FOR QUALIFIED CHILDREN TO ATTEND OUR PARTNER PRESCHOOLS.
Program accomplishments
- 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 2,000 HALF-DAY PRESCHOOL TUITIONS FOR JUST UNDER $1,500 CHILDREN.Expenses $931,814 · grants $701,111
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3360099
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $2,121,222
- Income (IRS master file)
- $1,191,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,051,915 | $1,183,944 | $2,121,222 | IRS |
| 990 | December 2023 | $1,066,984 | $982,208 | $2,138,082 | XML |
| 990 | December 2022 | $947,215 | $955,602 | $1,893,055 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3360099).
Questions about PRESCHOOL ADVANTAGE INC
- What is the EIN of PRESCHOOL ADVANTAGE INC?
- The employer identification number (EIN) of PRESCHOOL ADVANTAGE INC is 22-3360099.
- Is PRESCHOOL ADVANTAGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to PRESCHOOL ADVANTAGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRESCHOOL ADVANTAGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRESCHOOL ADVANTAGE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRESCHOOL ADVANTAGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRESCHOOL ADVANTAGE INC?
- The 990 for the year ended December 31, 2024 names JOSHUA MACKOFF.
- Who are the officers and directors of PRESCHOOL ADVANTAGE INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $116,036 (NANCY BANGIOLA, EXECUTIVE DIRECTOR).
- How much revenue does PRESCHOOL ADVANTAGE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,051,915, expenses of $1,183,944 and total assets of $2,121,222 at year end.
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