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  • Rising Tide Preschool Earns Nonprofit Status


    June 10, 2020
     
    FOR IMMEDIATE RELEASE:
     
    Rising Tide Preschool Earns Nonprofit Status

    Rising Tide Preschool, Inc. (RTP) is pleased to share that it has received a letter from the Internal Revenue Service establishing its 501(c)(3) and public charity status retroactive to the date of RTP’s incorporation, December 10, 2019. 
     
    On November 19, 2019, the staff and parents of Nantucket Children’s Center (formerly Wee Whalers) learned that the preschool would cease its operations effective December 20, 2019.  The very next day the NCC staff and parents started the process to create a new nonprofit entity where they could continue to provide a quality preschool program for the youth of Nantucket.
     
    When the board first met, the directors realized that they were connected in one way – virtually all were Wee Whaler alumna or had children/grandchildren who were once Wee Whalers. The alumna wanted future generations of Nantucket to have what they had - a long-standing, year-round preschool that met the needs of Nantucket families, and thus Rising Tide Preschool was formed.
     
    “We will be forever appreciative to the Community Foundation for giving us the structure and support to establish Rising Tide Preschool, which will continue to provide a much needed service to our community for generations to come,” commented Meghan Washington, President of RTP and Head of School.
     
    Through the Community Foundation for Nantucket, Rising Tide opened a Field of Interest Fund to collect donations and pay expenses until RTP was able to obtain official 501(c)(3) status. The Community Foundation staff worked with the RTP board members and gave them a crash course in nonprofit management. With the help of the Foundation, RTP opened its doors for students on January 6, 2020, and the Foundation has continued to be RTP’s fiscal sponsor.
     
    “The Community Foundation was committed to Rising Tide’s success. My team and I worked with them every step of the way to ensure this school would become a stable resource for our Island’s working parents and children. Our Board of Trustees also felt it was important to support their efforts, and awarded a 2019 end of year Nantucket Fund Grant to kick-start their journey” said Margaretta Andrews, CFN Executive Director.
     
    In light of the COVID-19 Pandemic, Rising Tide Preschool has been forced to pause its operations. Thanks to a Nantucket Fund for Emergency Relief Grant, the school has been able to stay financially stable and ready to open at the end of this month. The Foundation’s gesture of trust and support was a bright light during the difficult pandemic. The Rising Tide Board is excited for the future of its preschool and is very grateful to the Community Foundation for Nantucket for helping it with every step of the journey. 

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