Overview
What is Rainbow Child Development Center Inc?
Rainbow Child Development Center Inc, a not-for-profit organization situated in Worcester, Massachusetts, provides family day care and educational services to children from infancy to 12 years old. They serve around 259 children annually, offering a total of 294 childcare days. The center operates under a contract, offering support to family child care providers. Beyond childcare, Rainbow offers social services and speech therapy, aiming to create a safe and nurturing environment where children can learn, grow, and reach their full potential. The organization's mission is to transform the lives of at-risk infants and children by providing quality educational and therapeutic programs and services to their families. With a team of 34 dedicated employees, Rainbow Child Development Center Inc strives to encourage families and support their children's development, fostering a sense of growth and nurturing within the community.
Official website here: www.rainbowcdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Rainbow Child Development Center Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The overall score is derived from a perfect score in the Accountability & Finance category, highlighting the organization’s effective management of resources and compliance with financial regulations.
The center boasts an entirely independent board of directors, which is a significant strength, as it fosters transparency and reduces conflicts of interest. Additionally, the organization has put in place robust oversight mechanisms, such as an Audit and Oversight Committee, ensuring that financial statements are regularly reviewed and maintained. Its commitment to ethical practices is further demonstrated by the presence of a conflict of interest policy and a whistleblower policy.
Despite the positive assessment, there are no specific limitations noted in the data provided. The high program expense ratio of 77.02% indicates that a substantial portion of its funds is directed towards its mission-related programs, which underscores the effectiveness of its operations. Overall, Rainbow Child Development Center Inc stands out as a well-governed nonprofit dedicated to its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Child Development Center Inc legitimate?
Rainbow Child Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Child Development 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: $124,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,029,132
For more financial information, click here
Official website here: www.rainbowcdc.com
What is the mission statement of Rainbow Child Development Center Inc?
Rainbow Child Development Center Inc's mission is centered around providing a nurturing environment for children from infancy to 12 years old, catering to three distinct programs, social services, and speech therapy. Their objective is to offer care, education, and therapeutic services to children and their families, fostering an atmosphere where children can learn and grow, reaching their individual potential. Additionally, Rainbow aims to support families by providing encouragement and necessary services, contributing to the overall development of their children. The organization strives to transform the lives of at-risk infants and children, as well as their families, by delivering top-quality educational and therapeutic programs and services.
Official website here: www.rainbowcdc.com
Who is the CEO of Rainbow Child Development Center Inc?
Paula Perrier is the President of Rainbow Child Development Center Inc.
Official website here: www.rainbowcdc.com
What is the revenue of Rainbow Child Development Center Inc?
Rainbow Child Development Center Inc's revenue in 2022 was $3,317,450.
Official website here: www.rainbowcdc.com
Who are the executives of Rainbow Child Development Center Inc and what are their salaries?
The average compensation at Rainbow Child Development Center Inc during 2022 was $33,940. There are 34 employees and 15 volunteers at Rainbow Child Development Center Inc.
Here are 16 key members and their salaries:
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- Compensation: $116,351
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- Other: $7,407
Official website here: www.rainbowcdc.com
Where can I find the form 990 for Rainbow Child Development Center Inc?
Rainbow Child Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rainbowcdc.com
Learn more at the official website: www.rainbowcdc.com
Mission Statement of Rainbow Child Development Center Inc
Rainbow Child Development Center, a not-for-profit organization, is committed to providing a nurturing environment for children ranging from infancy to 12 years old. The center's mission is to foster the growth and development of these children, helping them reach their full potential. This is achieved through a combination of care, education, and therapeutic services.
In this safe and supportive setting, Rainbow Child Development Center strives to educate children, enabling them to learn and grow. The center's approach is holistic, recognizing the importance of emotional, social, and intellectual development. By offering a variety of programs, Rainbow provides a comprehensive education that caters to each child's unique needs and abilities.
Moreover, Rainbow Child Development Center extends its support to families. Recognizing the vital role families play in a child's development, the center offers services designed to strengthen family bonds and promote positive parenting practices. These services include encouragement and various resources to assist families in supporting their children's development.
The mission of Rainbow Child Development Center is to transform the lives of at-risk infants and children, as well as their families. By providing high-quality educational and therapeutic programs and services, the center aims to empower these children and their families, helping them overcome challenges and build a brighter future.
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Impact
July, 2024
Rainbow Child Development Center Inc plays a significant role in providing care, education, and therapeutic services to children and families in a safe and nurturing environment. By serving children ranging from infancy to 12 years of age through various programs such as family day care, educational services, social services, and speech therapy, Rainbow impacts the lives of the community in Worcester, MA. With a mission to transform the lives of at-risk infants and children, Rainbow focuses on delivering quality educational and therapeutic programs and services to support children's development. This organization's dedication to helping children reach their individual potential and supporting families in their journey demonstrates its commitment to making a positive impact in the community.
This information is meant to be a general summary of Rainbow Child Development 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: $151
- Program Service Revenue: $28,535
- Gross Receipts: $3,330,749
Assets and Liabilities:
- Total Assets: $5,066,528
- Total Liabilities: $771,879
- Net Assets: $4,294,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT FEES
Revenue
$28,535
Organization Details
Founding Year
1972
Phone
(508) 791-6849Principal Officer
Paula Perrier
Main Address
10 EDWARD STREET, WORCESTER, MA, 01605
Website
www.rainbowcdc.comNTEE Category
Code: P33 - Human services
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