Overview
What is Action For Boston Community Development Inc?
Action for Boston Community Development Inc, or ABCD, is a Massachusetts-based nonprofit organization located at 178 Tremont Street, Boston. With a team of 1,433 employees, ABCD plays a vital role in the Boston area by serving as the child care resource and referral agency for Boston, Brookline, Cambridge, Chelsea, Everett, Revere, Somerville, and Winthrop. ABCD's Child Care Choices of Boston (CCCB) distributes approximately $60 million in state-funded child care vouchers each year to nearly 5,000 families, benefiting over 7,200 children. The mission of ABCD is to empower disadvantaged individuals by equipping them with the necessary tools to overcome poverty and reach their full potential. ABCD offers support, resources, technical assistance, training, and expertise to a diverse community.
Official website here: www.bostonabcd.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Action For Boston Community Development Inc has received a commendable Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization achieved an overall score of 81%, which is derived entirely from its accountability and finance practices, demonstrating a commitment to transparency and responsible financial management.
One notable strength of this nonprofit is its governance structure, featuring a fully independent board composed of 49 members, which contributes to its high scores in board independence and oversight. Additionally, the organization operates with a remarkably high program expense ratio of 97.04%, indicating that the vast majority of its funds are directed towards its programs rather than administrative costs.
While the organization has shown strength in governance and financial oversight, it is important for potential donors and supporters to consider the overall context of its programs and impact. The rating primarily highlights financial accountability, but it does not provide information on the effectiveness of its programs or their outcomes in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Action For Boston Community Development Inc legitimate?
Action For Boston Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Action For Boston Community Development 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: $910,838
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,787,772
For more financial information, click here
Official website here: www.bostonabcd.org
What is the mission statement of Action For Boston Community Development Inc?
Action For Boston Community Development Inc, also known as ABCD, is a mission-driven organization aimed at empowering disadvantaged individuals to overcome poverty and reach their full potential. ABCD provides tools and resources to help people live with dignity, focusing on breaking the cycle of poverty. Their Child Care Choices of Boston (CCCB) is a key resource and referral agency in the Boston area, serving Boston, Brookline, Cambridge, Chelsea, Everett, Revere, Somerville, and Winthrop. CCCB supports a diverse community by offering assistance, training, and expertise in child care, distributing approximately $60 million in state-funded child care vouchers to over 5,000 families with more than 7,200 children in 2022.
Official website here: www.bostonabcd.org
Who is the CEO of Action For Boston Community Development Inc?
Sharon Scott-Chandler is the CEO of Action For Boston Community Development Inc The CEO's salary of Action For Boston Community Development Inc is $258,378 and their total compensation is $320,298.
Official website here: www.bostonabcd.org
What is the revenue of Action For Boston Community Development Inc?
Action For Boston Community Development Inc's revenue in 2023 was $284,409,162.
Official website here: www.bostonabcd.org
Who are the executives of Action For Boston Community Development Inc and what are their salaries?
The average compensation at Action For Boston Community Development Inc during 2023 was $29,322. There are 1388 employees at Action For Boston Community Development Inc.
Here are 69 key members and their salaries (Action For Boston Community Development Inc's CEO's salary is $258,378 and their total compensation is $320,298):
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- Compensation: $258,378
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Official website here: www.bostonabcd.org
Where can I find the form 990 for Action For Boston Community Development Inc?
Action For Boston Community Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bostonabcd.org
Learn more at the official website: www.bostonabcd.org
Mission Statement of Action For Boston Community Development Inc
Action for Boston Community Development Inc, also known as ABCD, dedicates itself to empowering disadvantaged individuals to rise above poverty and reach their full potential. In simple terms, ABCD equips people with the necessary tools to live with dignity.
ABCD's mission extends to providing essential services, particularly in the realm of child care. Their Child Care Choices of Boston (CCCB) acts as the central resource and referral agency for Boston, Brookline, Cambridge, Chelsea, Everett, Revere, Somerville, and Winthrop. CCCB plays a pivotal role in ensuring child care is accessible to everyone by offering support, resources, technical assistance, training, and expertise to a diverse community.
In 2022, CCCB distributed approximately $60 million in state-funded child care vouchers to nearly 5,000 families, benefiting over 7,200 children. By doing so, ABCD enables families to secure quality child care, which is crucial for their overall well-being and the children's development. Through their unwavering commitment and comprehensive approach, ABCD is making a significant impact in the lives of disadvantaged families, helping them build a better future.
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Impact
October, 2024
Action For Boston Community Development Inc significantly impacts the community by serving as a vital resource for child care support and referrals across several cities, including Boston and surrounding areas. Its Child Care Choices of Boston initiative provides essential support to families, enhancing their ability to access quality child care. In 2022 alone, it distributed approximately $60 million in state-funded child care vouchers, benefiting nearly 5,000 families and over 7,200 children.
This initiative not only helps families secure affordable child care but also ensures that they have access to critical resources, training, and technical assistance. By empowering families and connecting them with child care expertise, this organization plays a crucial role in combating poverty and supporting the development of children in diverse communities. Ultimately, its efforts contribute to a healthier, more equitable society where individuals can achieve their full potential and live with dignity.
This information is meant to be a general summary of Action For Boston Community Development 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 2023.
- Investment Income: $585,867
- Program Service Revenue: $420,752
- Gross Receipts: $292,498,622
Assets and Liabilities:
- Total Assets: $72,787,697
- Total Liabilities: $53,322,921
- Net Assets: $19,464,776
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT RELATED FEES
Revenue
$420,752
Organization Details
Founding Year
1962
Principal Officer
Sharon Scott-Chandler
Website
www.bostonabcd.orgNTEE Category
Code: P200 - Human services
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