Overview
What is Melrose Day Care Center Inc?
Melrose Day Care Center Inc is a private, nonprofit organization situated in Massachusetts. It relies on various funding sources, including parental tuition, the Department of Early Education and Care in Massachusetts, the Bureau of Nutrition, Kappa Delta Psi of Melrose, and other benevolent organizations. The primary mission of Melrose Day Care Center Inc is to offer quality day care services for children. Through these resources, the center aims to provide a nurturing and educational environment for young children, ensuring their development and wellbeing.
Official website here: www.melrosedaycarecenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)
Melrose Day Care Center Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score of 96% indicates a well-managed organization that prioritizes transparency and fiduciary responsibility, making it a trustworthy option for potential donors and stakeholders.
The center excels particularly in governance, boasting a fully independent board of directors and robust financial oversight practices. Key indicators, such as a high program expense ratio of over 80%, demonstrate that a significant portion of its resources is directed towards its mission, underscoring the center's commitment to providing quality care and services.
While the data highlights numerous strengths, it is essential for potential donors to remain informed about the organization’s broader impact and program effectiveness beyond financial metrics. However, Melrose Day Care Center's accountability measures suggest a solid operational foundation for its ongoing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Melrose Day Care Center Inc legitimate?
Melrose Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Melrose Day Care Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,330,893
For more financial information, click here
Official website here: www.melrosedaycarecenter.com
What is the mission statement of Melrose Day Care Center Inc?
Melrose Day Care Center Inc is a private organization that fulfills its mission by offering day care services to children. The organization receives financial support from various sources, including parent tuition, the Department of Early Education and Care in Massachusetts, the Bureau of Nutrition, Kappa Delta Psi of Melrose, and other charitable organizations. The primary goal of Melrose Day Care Center Inc is to provide a nurturing environment and quality care for children, ensuring their overall development and well-being. The center's activities aim to support the educational, social, and emotional needs of the children in its care.
Official website here: www.melrosedaycarecenter.com
Who is the CEO of Melrose Day Care Center Inc?
Maureen Kearnan is the President of Melrose Day Care Center Inc.
Official website here: www.melrosedaycarecenter.com
What is the revenue of Melrose Day Care Center Inc?
Melrose Day Care Center Inc's revenue in 2022 was $2,234,863.
Official website here: www.melrosedaycarecenter.com
Who are the executives of Melrose Day Care Center Inc and what are their salaries?
The average compensation at Melrose Day Care Center Inc during 2022 was $19,288. There are 69 employees and 58 volunteers at Melrose Day Care Center Inc.
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Official website here: www.melrosedaycarecenter.com
Where can I find the form 990 for Melrose Day Care Center Inc?
Melrose Day Care Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.melrosedaycarecenter.com
Learn more at the official website: www.melrosedaycarecenter.com
Mission Statement of Melrose Day Care Center Inc
Melrose Day Care Center Inc, as a private organization, is dedicated to providing day care services for children. Its mission is funded through various sources, including parent tuition, the Department of Early Education and Care in Massachusetts, the Bureau of Nutrition, and various charitable organizations, such as Kappa Delta Psi of Melrose. The center's primary objective is to offer a nurturing environment for children, providing them with essential care and developmental experiences. By doing so, Melrose Day Care Center Inc plays a vital role in supporting families by offering reliable and high-quality childcare services.
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Impact
July, 2024
Melrose Day Care Center Inc provides essential children's day care services in Melrose, Massachusetts. The center's impact is significant as it ensures working families have access to safe and nurturing child care options for their young ones. By offering quality child care, Melrose Day Care Center Inc enables parents to work with peace of mind, knowing their children are in a supportive and educational environment. The center's commitment to providing these services is crucial for the overall well-being and development of the community's children.
This information is meant to be a general summary of Melrose Day Care Center 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: -$99,561
- Program Service Revenue: $1,764,514
- Gross Receipts: $2,268,530
Assets and Liabilities:
- Total Assets: $1,685,121
- Total Liabilities: $185,724
- Net Assets: $1,499,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Revenue
Revenue
$1,764,514
Organization Details
Founding Year
1976
Phone
(781) 662-6539Principal Officer
Maureen Kearnan
Main Address
121 West Foster Street, Melrose, MA, 02176
Website
www.melrosedaycarecenter.comNTEE Category
Code: P33 - Human services
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