Overview
What is Krismark Corporation?
Krismark Corporation is a nonprofit organization, situated in Arlington, Massachusetts at 819 Massachusetts Avenue, dedicated to the care and supervision of children in a daycare center or preschool. The primary focus of the organization is to create an optimal environment for teaching and ensuring a safe learning experience for the children. With a team of 48 dedicated individuals, Krismark Corporation strives to nurture and prepare children for their transition to grade school by providing them with a healthy and secure setting. Their activities are solely centered around the care and education of children, ensuring that all resources and funds are utilized effectively towards this purpose.
Official website here: www.arlingtoninfanttoddlercenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Krismark Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. The organization scored well in areas such as independent board composition, with 62% of its members being independent, and it also achieved full points for its audit and oversight committee. However, it has notable weaknesses in its governance policies, particularly the absence of a whistleblower and document retention policy, which could impact its operational transparency.
Financially, Krismark Corporation demonstrates a high program expense ratio of 88.83%, suggesting that a significant portion of its resources is directed towards its programs. However, the organization's liabilities to assets ratio of 81.47% raises concerns about its financial stability and capacity to manage its obligations. The lack of accessibility to key financial documents, such as tax forms on its website, further underscores potential transparency issues.
Overall, while Krismark Corporation exhibits certain strengths in board independence and program expenditure, its governance deficiencies and financial liabilities could pose challenges to its overall effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Krismark Corporation legitimate?
Krismark Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Krismark 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: $533,007
Professional Fundraising Fees: $0
Other Salaries and Wages: $994,388
For more financial information, click here
Official website here: www.arlingtoninfanttoddlercenter.com
What is the mission statement of Krismark Corporation?
Krismark Corporation's mission is centered around providing a nurturing environment for children. Their primary objective is to ensure the safety and health of the children under their care, with the ultimate goal of preparing them for their transition into grade school. The organization focuses solely on the supervision and education of these children, utilizing all revenue and expenses to enhance the learning environment and ensure a secure learning experience.
Official website here: www.arlingtoninfanttoddlercenter.com
Who is the CEO of Krismark Corporation?
Gary S Stevens is the President And Director of Krismark Corporation.
Official website here: www.arlingtoninfanttoddlercenter.com
What is the revenue of Krismark Corporation?
Krismark Corporation's revenue in 2022 was $2,315,339.
Official website here: www.arlingtoninfanttoddlercenter.com
Who are the executives of Krismark Corporation and what are their salaries?
The average compensation at Krismark Corporation during 2022 was $31,821. There are 48 employees at Krismark Corporation.
Here are 8 key members and their salaries:
- Compensation: $161,319
- Related: $0
- Other: $5,905
- Compensation: $161,319
- Related: $0
- Other: $6,453
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $190,395
- Related: $0
- Other: $7,616
Official website here: www.arlingtoninfanttoddlercenter.com
Where can I find the form 990 for Krismark Corporation?
Krismark Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arlingtoninfanttoddlercenter.com
Learn more at the official website: www.arlingtoninfanttoddlercenter.com
Mission Statement of Krismark Corporation
Krismark Corporation, a child care center and preschool, is committed to providing a safe and nurturing environment for children. Their mission is twofold: to teach and prepare the young ones for their future in grade school, while simultaneously ensuring their health and well-being. The organization dedicates all its resources, both financially and operationally, towards creating an optimal learning environment and ensuring a secure learning experience for the children under its care. Krismark Corporation's primary focus is the supervision and care of children within its daycare center and preschool, ensuring that every moment spent within its walls contributes positively to the children's development.
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Impact
July, 2024
Krismark Corporation, a CHILD CARE CENTER/PRESCHOOL based in ARLINGTON, MA, has a significant impact on the community by providing a safe and healthy environment to teach, nurture, and prepare children for grade school. The organization's mission is to ensure that children receive the best care and supervision possible, with all revenues and expenses dedicated to creating a safe learning experience. By focusing solely on the welfare and education of children, Krismark Corporation contributes positively to the development and well-being of young minds in the community.
This information is meant to be a general summary of Krismark 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: $3,028
- Program Service Revenue: $2,041,409
- Gross Receipts: $2,315,339
Assets and Liabilities:
- Total Assets: $486,211
- Total Liabilities: $396,163
- Net Assets: $90,048
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$2,041,409
Organization Details
Founding Year
1987
Phone
(781) 646-7623Principal Officer
Gary S Stevens
Main Address
819 MASSACHUSETTS AVENUE, ARLINGTON, MA, 02476
NTEE Category
Code: P33Z - Human services
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