School Operating Budget and Financial Reports
Our school’s fiscal year runs from July 1 to June 30 of each year. Our current annual budget is $157,497 and our greatest need continues to be funds to pay salaries for teachers and aides. The Park Forest United Methodist Church generously provides their church facilities for our classrooms, kitchen and dining area, office, and outside playground. You can view the last several years of our financial reports and current budget by clicking here.
Each year we complete a CPA audit. Audited financial statements and our most current IRS 990 filing are available for public review in the preschool office.
Because we do not charge families any tuition, we rely entirely on the generosity of individuals, communities of faith, and other charitable organizations, including the Centre County United Way, for funding. To do this important work, we need your financial support.
When you contribute to The Park Forest Preschool, you are joining with many caring individuals who contribute funds, professional medical and dental services, and many volunteer hours. Your contribution will help purchase food for nutritious school meals, classroom and office supplies, and salaries for our dedicated teachers and aides.
If you would like to make a financial contribution, donate online by clicking on the “Donate Now” button on the right, or send your check to the school offices at 1833 Park Forest Avenue, State College, PA 16803. All contributions are fully tax deductible.
In addition to our operating fund, the school has an endowment fund. The fund was established in 1996 with a single generous contribution, and the use of the fund’s assets is governed by the board’s Endowment Fund Agreement. The endowment fund is managed by the Centre Foundation and the principal is to be held in perpetuity. Only expendable income generated by this fund can be used for general operating expenses such as teachers’ salaries and classroom supplies. Contributions to the endowment fund will create enduring benefit for the school. You may want to consider a contribution in memory of, or in honor of, a loved one. Contribute to the fund by going to https://www.centre-foundation.org/funds/208-park-forest-preschool-fund.