Overview
What is Commonwealth Child Care Corporation?
Commonwealth Child Care Corporation is a nonprofit organization situated in Boston, Massachusetts. Their primary focus is on providing full-time daycare services to infants, preschoolers, and toddlers ranging from three months to five years old. The organization has a strong mission to persistently operate this daycare center, refraining from discontinuation or disposal of more than 25% of its net assets. The daycare center is dedicated to catering to the needs of young children, providing them with a safe and nurturing environment for growth and development.
Official website here: www.commchildcenter.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
Commonwealth Child Care Corporation has achieved a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is determined entirely from the Accountability & Finance beacon, where the organization scored 92%. This score reflects the charity's commitment to transparency and sound financial practices.
The organization demonstrates notable strengths, including an independent board comprised of 86% independent members and a solid performance in financial audits and program expense ratios. With 77.08% of its expenses directed towards programs, it shows a strong focus on its mission. Furthermore, the absence of any reported material diversion of assets further underscores its reliable financial management.
However, there is a noted limitation regarding the lack of a whistleblower policy, which received a score of zero. While this does not detract significantly from its overall performance, it suggests an area for improvement in governance practices. Overall, Commonwealth Child Care Corporation showcases a robust financial standing and governance structure, positioning it as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Child Care Corporation legitimate?
Commonwealth Child Care Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Child Care Corporation 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: $150,522
Professional Fundraising Fees: $0
Other Salaries and Wages: $670,030
For more financial information, click here
Official website here: www.commchildcenter.com
What is the mission statement of Commonwealth Child Care Corporation?
The Commonwealth Child Care Corporation's mission revolves around the operation of a daycare center. Specifically, they provide care for infants, preschoolers, and toddlers ranging from three months to five years old on a full-time basis. The corporation's commitment extends beyond daily operations, as it aims to continue providing these services unless it decides to discontinue or sell off more than a quarter of its net assets.
Official website here: www.commchildcenter.com
Who is the CEO of Commonwealth Child Care Corporation?
Margaret Lashof-Sullivan is the Director of Commonwealth Child Care Corporation.
Official website here: www.commchildcenter.com
What is the revenue of Commonwealth Child Care Corporation?
Commonwealth Child Care Corporation's revenue in 2022 was $1,421,013.
Official website here: www.commchildcenter.com
Who are the executives of Commonwealth Child Care Corporation and what are their salaries?
The average compensation at Commonwealth Child Care Corporation during 2022 was $37,298. There are 22 employees and 15 volunteers at Commonwealth Child Care Corporation.
Here are 15 key members and their salaries:
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- Compensation: $55,546
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- Other: $3,403
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- Compensation: $82,281
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- Other: $3,888
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Official website here: www.commchildcenter.com
Where can I find the form 990 for Commonwealth Child Care Corporation?
Commonwealth Child Care Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commchildcenter.com
Learn more at the official website: www.commchildcenter.com
Mission Statement of Commonwealth Child Care Corporation
Commonwealth Child Care Corporation, a nonprofit organization, is committed to the operation of a daycare center. Their primary mission is to provide a safe and nurturing environment for infants, preschoolers, and toddlers aged between three months and five years. The corporation aims to continuously operate this daycare center, unless it decides to discontinue or dispose of more than a quarter of its net assets. The mission of Commonwealth Child Care Corporation is centered around ensuring the well-being and development of young children, providing them with the care and education they need during their formative years.
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Impact
July, 2024
Commonwealth Child Care Corporation's impact is primarily focused on providing high-quality, full-time childcare services for infants, preschoolers, and toddlers in Boston, MA. By operating a daycare center that caters to children from three months to five years of age, the organization plays a crucial role in supporting working parents and families in balancing their professional and personal responsibilities. The center's mission to continue its operations ensures a stable and reliable childcare option for families in the community, contributing to the well-being and development of young children and enabling parents to pursue their careers with peace of mind. Commonwealth Child Care Corporation's commitment to its mission is evident in its dedicated service to the community and its focus on providing essential human services to those in need.
This information is meant to be a general summary of Commonwealth Child Care Corporation. 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: $944
- Program Service Revenue: $921,488
- Gross Receipts: $1,421,013
Assets and Liabilities:
- Total Assets: $777,698
- Total Liabilities: $147,422
- Net Assets: $630,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$921,488
Organization Details
Founding Year
1979
Phone
(617) 727-4802Principal Officer
Margaret Lashof-Sullivan
Main Address
ONE ASHBURTON PLACE, BOSTON, MA, 021081518
Website
www.commchildcenter.comNTEE Category
Code: P33Z - Human services
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