Overview
What is Woods Hole Day Care Cooperativeinc?
Woods Hole Day Care Cooperativeinc is a nonprofit organization situated in Woods Hole, Massachusetts, specifically at 24 School Street. Their primary mission is to offer high-quality day care and preschool education to working parents, while maintaining affordable tuition fees by managing overhead costs effectively. With a dedicated workforce of ten individuals, this cooperative day care center and school-age child care center aim to provide a nurturing environment for children's early learning and development, ensuring that the needs of working parents are met simultaneously.
Official website here: www.woodsholedaycarecoop.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
Woods Hole Day Care Cooperative has achieved a strong Four-Star out of Four Star rating from Charity Navigator, reflecting its high level of accountability and finance management. The rating indicates that the organization is transparent and operates with a high degree of integrity, as evidenced by having 100% independent board members and no material diversion of assets.
The cooperative excels in numerous operational areas, including having comprehensive policies for conflict of interest, whistleblower protections, and document management, all of which contribute positively to its governance score. The organization also maintains a favorable liabilities to assets ratio of 0.00%, showcasing financial stability.
However, the program expense ratio is at 64.23%, which, while reasonable, suggests there might be room for improvement in directing a higher proportion of resources toward programmatic activities. Overall, the Woods Hole Day Care Cooperative is well-regarded for its governance and financial practices, though stakeholders may wish to monitor program expenditure closely.
This AI summary has been generated from information found on Charity Navigator.
Is Woods Hole Day Care Cooperativeinc legitimate?
Woods Hole Day Care Cooperativeinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woods Hole Day Care Cooperativeinc 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: $55,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,238
For more financial information, click here
Official website here: www.woodsholedaycarecoop.com
What is the mission statement of Woods Hole Day Care Cooperativeinc?
The Woods Hole Day Care Cooperativeinc is dedicated to providing high-quality day care and nursery school education for working parents. Their mission is to keep the cost of tuition affordable by managing overhead expenses effectively. This cooperative day care center and school-age child care facility offers pre-school education with a focus on quality, ensuring it remains within reach for all working parents.
Official website here: www.woodsholedaycarecoop.com
Who is the CEO of Woods Hole Day Care Cooperativeinc?
Eric Moore is the President of Woods Hole Day Care Cooperativeinc.
Official website here: www.woodsholedaycarecoop.com
What is the revenue of Woods Hole Day Care Cooperativeinc?
Woods Hole Day Care Cooperativeinc's revenue in 2023 was $471,065.
Official website here: www.woodsholedaycarecoop.com
Who are the executives of Woods Hole Day Care Cooperativeinc and what are their salaries?
The average compensation at Woods Hole Day Care Cooperativeinc during 2023 was $28,240. There are 10 employees at Woods Hole Day Care Cooperativeinc.
Here are 8 key members and their salaries:
- Compensation: $55,160
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.woodsholedaycarecoop.com
Where can I find the form 990 for Woods Hole Day Care Cooperativeinc?
Woods Hole Day Care Cooperativeinc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.woodsholedaycarecoop.com
Learn more at the official website: www.woodsholedaycarecoop.com
Mission Statement of Woods Hole Day Care Cooperativeinc
Woods Hole Day Care Cooperativeinc is committed to providing high-quality day care and nursery school education to working parents. This nonprofit organization strives to keep tuition costs affordable by meticulously managing overhead expenses. Their mission is to create an environment where children can learn and grow, while their parents can focus on their work without worrying about the financial burden of childcare. The cooperative day care center offers pre-school education, ensuring that children receive a solid foundation for their future learning. By controlling costs, Woods Hole Day Care Cooperativeinc makes quality education accessible to a wide range of working families.
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Impact
July, 2024
Woods Hole Day Care Cooperativeinc's impact is evident in the provision of quality day care and nursery school education to working parents in Woods Hole, MA, while effectively managing overhead costs to keep tuition affordable for all working parents. Through its cooperative model, the organization is able to offer essential childcare services to families in the community, supporting working parents in balancing their careers and family responsibilities. By fulfilling its mission of providing affordable, high-quality childcare, Woods Hole Day Care Cooperativeinc contributes to the well-being of families and the overall community.
This information is meant to be a general summary of Woods Hole Day Care Cooperativeinc. 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: $1,261
- Program Service Revenue: $398,494
- Gross Receipts: $471,065
Assets and Liabilities:
- Total Assets: $236,239
- Total Liabilities: $0
- Net Assets: $236,239
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD DAY CARE
Revenue
$398,494
Organization Details
Founding Year
1980
Phone
(508) 548-9473Principal Officer
Eric Moore
Main Address
24 SCHOOL STREET, WOODS HOLE, MA, 02543
Website
www.woodsholedaycarecoop.comNTEE Category
Code: P33Z - Human services
If you are a representative of Woods Hole Day Care Cooperativeinc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.