Overview
What is Waltham Day Care Center Inc?
Waltham Day Care Center Inc, located in Waltham, Massachusetts, is a nonprofit organization dedicated to providing day care services for children. With a capacity to serve 56 students through their basic day care program, this child day care organization is committed to catering to the needs of local children. Their primary mission is to ensure a nurturing and supportive environment for the children under their care, thereby contributing positively to their overall development. The organization operates as a vital resource for families in the area, providing essential day care services.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
Waltham Day Care Center Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting high standards in accountability and finance. The organization received an overall score of 94%, indicating a strong commitment to transparency and responsible financial management. This rating is based entirely on their performance in the Accountability & Finance beacon, where they excelled in key areas.
The center has a fully independent board, with all nine members meeting the criteria, which enhances its governance and decision-making processes. With no material diversion of assets reported and a well-documented conflict of interest policy, the organization demonstrates integrity in its operations. Their financial statements are audited and show a healthy liabilities to assets ratio of 13.45%, assuring donors of its financial stability.
One of the notable strengths is the high program expense ratio of 77.77%, suggesting that a significant portion of its funds is directed toward supporting its mission and programs. While the charity's scores reflect strong financial practices, continuous monitoring and periodic assessments could further enhance its effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Waltham Day Care Center Inc legitimate?
Waltham Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waltham 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: $450,869
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What is the mission statement of Waltham Day Care Center Inc?
The Waltham Day Care Center Inc is committed to its mission of offering day care services for children. This mission is carried out through their basic day care program, serving a total of 56 students. Operating as a child day care organization, their primary goal is to provide a nurturing environment for children in an unspecified location. The center aims to contribute positively to the children's development, ensuring they receive the care they need during their formative years.
Who is the CEO of Waltham Day Care Center Inc?
Caroline Pereira is the Director of Waltham Day Care Center Inc.
What is the revenue of Waltham Day Care Center Inc?
Waltham Day Care Center Inc's revenue in 2022 was $751,643.
Who are the executives of Waltham Day Care Center Inc and what are their salaries?
The average compensation at Waltham Day Care Center Inc during 2022 was $34,682. There are 13 employees at Waltham Day Care Center Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Waltham Day Care Center Inc?
Waltham Day Care Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waltham Day Care Center Inc
Waltham Day Care Center, as a nonprofit organization, is committed to providing day care services for children. With a mission to serve, the center caters to 56 students through its basic day care program. The center operates as a child day care organization, dedicating its resources to ensuring the well-being and development of young children in its care. Its core mission is to provide a nurturing and educational environment that supports the overall growth and development of each child. The center's services aim to support working families by offering reliable and high-quality day care options. By providing day care services, Waltham Day Care Center plays a crucial role in the lives of children and their families, contributing to the overall community by supporting the development of future generations.
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Impact
July, 2024
Waltham Day Care Center Inc's impact can be seen in the lives of 56 children who benefit from their day care services. By providing a safe and nurturing environment for these children in Waltham, MA, the center plays a vital role in supporting working families and ensuring the well-being and development of the next generation. This organization's commitment to offering quality day care services directly contributes to the community's overall welfare and helps foster a positive environment for children to learn and grow.
This information is meant to be a general summary of Waltham 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: $1,667
- Program Service Revenue: $438,487
- Gross Receipts: $751,643
Assets and Liabilities:
- Total Assets: $456,154
- Total Liabilities: $46,966
- Net Assets: $409,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$438,487
Organization Details
Founding Year
1973
Phone
(781) 899-0531Principal Officer
Caroline Pereira
Main Address
50 CHURCH STREET, WALTHAM, MA, 02452
NTEE Category
Code: P33Z - Human services
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