Overview
What is The Child Care Center In Norwich Inc?
The Child Care Center In Norwich Inc, situated in Norwich, Vermont, is a nonprofit organization that significantly contributes to the community. Their primary focus is on preschool child development, providing a nurturing environment for young children residing in the upper valley region of both New Hampshire and Vermont. This child care center enables parents to engage in work or other activities, ensuring the continuity of their daily lives while their children are well-cared for. With a team of 16 dedicated individuals, The Child Care Center In Norwich Inc is committed to catering to the needs of preschool children, promoting their overall development and growth.
Official website here: www.childcarenorwich.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Stars
The Child Care Center In Norwich Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 66% based solely on its Accountability & Finance metrics. This rating indicates that while the organization shows some strengths in financial management, there are significant areas for improvement, particularly in governance.
One of the organization's notable aspects is its high program expense ratio of 78.4%, suggesting that a large portion of its budget is directed towards its core services. Additionally, the charity has implemented several important policies, such as a conflict of interest policy and a whistleblower policy, which are listed and compliant. However, the absence of independent board members raises concerns about governance and oversight.
On the downside, the organization lacks independent financial statements and is missing its tax form on the website, which diminishes transparency. These factors contribute to the low score in accountability and finance, indicating a need for better practices in these areas to enhance trust and credibility with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Child Care Center In Norwich Inc legitimate?
The Child Care Center In Norwich Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Child Care Center In Norwich Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $89,139
Professional Fundraising Fees: $0
Other Salaries and Wages: $644,311
For more financial information, click here
Official website here: www.childcarenorwich.org
What is the mission statement of The Child Care Center In Norwich Inc?
The Child Care Center In Norwich Inc's mission is centered around catering to the needs of preschool-aged children. This is done so that their parents can engage in work or other activities without worry. The organization operates a child care center, providing care for preschool children residing in the upper valley of New Hampshire and Vermont. By offering this service, the center empowers working parents and allows preschool children to benefit from a nurturing environment during their formative years.
Official website here: www.childcarenorwich.org
Who is the CEO of The Child Care Center In Norwich Inc?
Lisa Sjostrom is the Executive Director of The Child Care Center In Norwich Inc.
Official website here: www.childcarenorwich.org
What is the revenue of The Child Care Center In Norwich Inc?
The Child Care Center In Norwich Inc's revenue in 2022 was $1,332,971.
Official website here: www.childcarenorwich.org
Who are the executives of The Child Care Center In Norwich Inc and what are their salaries?
The average compensation at The Child Care Center In Norwich Inc during 2022 was $45,841. There are 16 employees at The Child Care Center In Norwich Inc.
Here are 8 key members and their salaries:
- Compensation: $89,139
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.childcarenorwich.org
Where can I find the form 990 for The Child Care Center In Norwich Inc?
The Child Care Center In Norwich Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.childcarenorwich.org
Learn more at the official website: www.childcarenorwich.org
Mission Statement of The Child Care Center In Norwich Inc
The Child Care Center In Norwich Inc is dedicated to fulfilling the needs of preschool-aged children, enabling their parents to pursue employment or engage in other activities. The organization's mission is to provide a nurturing and stimulating environment for these young ones, ensuring their physical, emotional, and cognitive development during this critical stage of life. By offering high-quality child care services, The Child Care Center In Norwich Inc empowers parents to actively participate in the workforce or pursue personal interests, ultimately contributing to a stronger and more balanced community.
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Impact
July, 2024
The Child Care Center In Norwich Inc has a significant impact on the community by providing a crucial service that allows parents in the upper valley of New Hampshire and Vermont to work and pursue other activities while ensuring their preschool children receive quality care and early childhood development opportunities. Their mission to meet the needs of preschool children while supporting families in the region has a direct and positive effect on the well-being of both children and parents.
This information is meant to be a general summary of The Child Care Center In Norwich Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,220
- Program Service Revenue: $1,090,977
- Gross Receipts: $1,332,971
Assets and Liabilities:
- Total Assets: $857,282
- Total Liabilities: $55,529
- Net Assets: $801,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Day Care Tuition
Revenue
$1,090,977
Organization Details
Founding Year
1971
Phone
(802) 649-1403Principal Officer
Lisa Sjostrom
Main Address
PO Box 69, Norwich, VT, 05055
Website
www.childcarenorwich.orgNTEE Category
Code: P33 - Human services
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