Overview
What is Acre Family Child Care Inc?
Acre Family Child Care Inc., located in Lowell, Massachusetts, is a nonprofit organization dedicated to empowering local women by helping them establish licensed home-based child care businesses. Through their comprehensive support services, Acre provides family referrals, professional development, parent and contract billing, small business loans, and more. Their mission is to foster economic independence for women by enabling them to operate high-quality child care services within their homes, benefiting both the families and the caregivers alike. Acre Family Child Care Inc. currently employs 25 individuals, demonstrating their commitment to this vital community-focused initiative.
Official website here: www.acrefamily.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates that Acre Family Child Care Inc has achieved a Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. This high score is derived entirely from the charity’s financial standing, demonstrating a robust commitment to transparency and responsible management of funds.
The organization boasts an impressive accountability score, with independent board members making up 100% of its board. It has established comprehensive policies, including those for conflict of interest and whistleblower protections, ensuring ethical governance. Additionally, with a program expense ratio of 91.54%, the majority of its resources are dedicated directly to its mission, benefiting the children and families it serves.
While the data highlights several strengths in governance and financial management, there are no noted limitations in the information provided. The absence of any material diversion of assets and a low liabilities-to-assets ratio further underscores the organization’s financial health and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Acre Family Child Care Inc legitimate?
Acre Family Child Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acre Family Child Care 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: $252,430
Professional Fundraising Fees: $0
Other Salaries and Wages: $825,587
For more financial information, click here
Official website here: www.acrefamily.org
What is the mission statement of Acre Family Child Care Inc?
Acre Family Child Care Inc's mission is centered around empowering women to achieve economic independence. They accomplish this by operating high-quality child care businesses within their homes. The organization's primary goal is to provide a pathway for women to become financially independent through this venture. Acre Family Child Care Inc. offers ongoing business support, including family referrals, professional development, parent and contract billing, and small business loans, to facilitate the successful establishment and operation of home-based family child care businesses.
Official website here: www.acrefamily.org
Who is the CEO of Acre Family Child Care Inc?
Bethany Watson is the Chair of Acre Family Child Care Inc.
Official website here: www.acrefamily.org
What is the revenue of Acre Family Child Care Inc?
Acre Family Child Care Inc's revenue in 2022 was $8,609,063.
Official website here: www.acrefamily.org
Who are the executives of Acre Family Child Care Inc and what are their salaries?
The average compensation at Acre Family Child Care Inc during 2022 was $43,121. There are 25 employees and 1 volunteer at Acre Family Child Care Inc.
Here are 18 key members and their salaries:
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- Compensation: $43,689
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- Compensation: $100,828
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- Other: $23,435
- Compensation: $88,274
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- Other: $28,432
Official website here: www.acrefamily.org
Where can I find the form 990 for Acre Family Child Care Inc?
Acre Family Child Care Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acrefamily.org
Learn more at the official website: www.acrefamily.org
Mission Statement of Acre Family Child Care Inc
Acre Family Child Care Inc, a nonprofit organization, is dedicated to creating a pathway for women to achieve economic independence. They accomplish this by operating high-quality childcare businesses within their homes. The mission of Acre Family Child Care Inc is to empower local women, providing them with the necessary support to establish and manage licensed home-based family childcare businesses. The organization offers ongoing business assistance, including family referrals, professional development, parent and contract billing, and small business loans to help these women succeed in their ventures.
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Impact
July, 2024
Acre Family Child Care Inc provides a crucial pathway for women to achieve economic independence by operating high-quality child care businesses in their homes. By offering ongoing business support, including family referrals, professional development, parent and contract billing, and small business loans, Acre Family Child Care empowers local women to build licensed home-based family child care businesses. This not only benefits the women directly involved but also positively impacts the community by providing high-quality child care services. Through their mission, Acre Family Child Care Inc is making a significant impact in Lowell, MA, by fostering economic independence and quality child care opportunities for women.
This information is meant to be a general summary of Acre Family Child Care 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: $14,866
- Program Service Revenue: $2,596,625
- Gross Receipts: $8,807,178
Assets and Liabilities:
- Total Assets: $7,794,206
- Total Liabilities: $1,335,427
- Net Assets: $6,458,779
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENT FEES & OTHER PROGRAM F
Revenue
$2,596,625
Organization Details
Founding Year
1988
Phone
(978) 937-5899Principal Officer
Bethany Watson
Main Address
55 MIDDLE STREET SUITE 500, LOWELL, MA, 018521812
Website
www.acrefamily.orgNTEE Category
Code: P33Z - Human services
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