Overview
What is Riverfront Childrens Center Inc?
Riverfront Children's Center Inc, located in Groton, Connecticut (06340), is a nonprofit organization dedicated to providing education and human services. The center caters to families who find it challenging to afford high-quality early care and education, with approximately 28% living below 125% of the federal poverty level and 72% identified as ALICE (Asset Limited, Income Constrained, Employed) families. To ensure accessibility, the center offers tuition assistance through state grants and scholarships funded by donations and fundraising events. The center has a remarkable track record, with 83% of enrolled children meeting developmental milestones in all assessment areas, including language, literacy, creative/aesthetic, early math, and physical motor skills. Riverfront Children's Center serves the majority of its families in Groton and New London, focusing on providing opportunities for children as young as 12 weeks and up to fourth grade. Their mission supports the development of essential literacy, numeracy, and social-emotional skills, ensuring that these children will thrive in their future lives. The center employs a team of 42 individuals, working tirelessly to support this mission.
Official website here: www.riverfrontchildren.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Riverfront Children's Center Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. This high score indicates a commitment to transparency and effective management of resources, which is vital for donor trust and organizational success. The rating is based entirely on accountability metrics, showcasing the charity's dedication to responsible financial practices.
One of the organization's notable strengths is its independent board governance, with 100% of board members being independent. This ensures that decisions are made without conflicts of interest, contributing to a well-structured oversight environment. Additionally, the charity has established comprehensive policies, including a conflict of interest policy and a whistleblower policy, which further enhance its accountability framework.
Financially, Riverfront Children's Center Inc demonstrates solid performance with an impressive program expense ratio of 82.39%, indicating that a significant portion of its funds is directed toward its mission-related activities. With a low liabilities-to-assets ratio of 5.87%, the organization appears to maintain a healthy balance sheet. Overall, the nonprofit shows strong organizational health, although ongoing transparency and effective communication will be essential to maintain its high standing.
This AI summary has been generated from information found on Charity Navigator.
Is Riverfront Childrens Center Inc legitimate?
Riverfront Childrens Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverfront Childrens 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: $97,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $999,907
For more financial information, click here
Official website here: www.riverfrontchildren.org
What is the mission statement of Riverfront Childrens Center Inc?
Riverfront Children's Center Inc's mission is centered around serving families in need, primarily from Southeastern Connecticut, with a focus on those struggling to afford quality education and care. The organization aims to assist families living below 125% of the Federal Poverty Level and ALICE families, who are Asset Limited Income Constrained and Employed, making less than the ALICE Stability Budget for New London County. Riverfront provides substantial financial aid through state grants and donations, offering over $300,000 in tuition assistance annually. This support ensures that no family is denied due to financial constraints, and children from infancy to fourth grade receive adequate developmental, literacy, numeracy, and social-emotional education. This early intervention is crucial for setting them up for positive lifetime outcomes, and allows working parents to secure reliable and affordable care.
Official website here: www.riverfrontchildren.org
Who is the CEO of Riverfront Childrens Center Inc?
Darlynea Lepage is the President of Riverfront Childrens Center Inc.
Official website here: www.riverfrontchildren.org
What is the revenue of Riverfront Childrens Center Inc?
Riverfront Childrens Center Inc's revenue in 2022 was $1,827,492.
Official website here: www.riverfrontchildren.org
Who are the executives of Riverfront Childrens Center Inc and what are their salaries?
The average compensation at Riverfront Childrens Center Inc during 2022 was $26,124. There are 42 employees and 12 volunteers at Riverfront Childrens Center Inc.
Here are 11 key members and their salaries:
- Compensation: $88,709
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- Other: $8,575
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Official website here: www.riverfrontchildren.org
Where can I find the form 990 for Riverfront Childrens Center Inc?
Riverfront Childrens Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riverfrontchildren.org
Learn more at the official website: www.riverfrontchildren.org
Mission Statement of Riverfront Childrens Center Inc
Riverfront Children's Center Inc is a nonprofit organization dedicated to serving families in Southeastern Connecticut, with a majority residing in Groton and New London. The primary focus of Riverfront is on families who struggle to afford high-quality education and care, with approximately 28% living below 125% of the Federal Poverty Level and 72% falling into the Asset Limited Income Constrained and Employed (ALICE) category. This demographic faces financial challenges that prevent them from meeting their basic needs, let alone affording essential education and care for their children.
Recognizing this need, Riverfront Children's Center Inc offers tuition assistance to eligible families through state grants and donations. This support is crucial, enabling over $300,000 in financial aid to be distributed annually. This financial aid ensures that no family is denied entry due to an inability to pay tuition. Additionally, it provides children aged between 12 weeks and fourth grade with access to high-quality education, empowering them to develop essential literacy, numeracy, and social-emotional skills. These skills are crucial for their overall development and will significantly impact their lifetime outcomes.
Moreover, the tuition support allows working parents to secure reliable, affordable, and high-quality care for their children. This enables these parents to maintain their employment, contributing positively to their families' financial stability and overall well-being. Riverfront Children's Center Inc, through its tuition assistance program, is committed to breaking the cycle of poverty and ensuring that children from disadvantaged backgrounds receive the education and care they need to thrive.
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Impact
July, 2024
Riverfront Childrens Center Inc's impact is profound in the community. They serve families throughout Southeastern Connecticut, particularly in Groton and New London, who struggle to afford high-quality education and care. The center provides over $300,000 per year in tuition assistance, ensuring that no family is turned away due to inability to pay. This support enables children from 12 weeks old through fourth grade to be on track developmentally, learning essential skills that will influence their lifetime outcomes. Additionally, 83% of the children enrolled in the program met developmental milestones in various key areas, showcasing the efficacy of Riverfront's education and human services.
This information is meant to be a general summary of Riverfront Childrens 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: $1,249
- Program Service Revenue: $685,069
- Gross Receipts: $1,879,090
Assets and Liabilities:
- Total Assets: $2,332,290
- Total Liabilities: $97,610
- Net Assets: $2,234,680
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
classes and daycare
Revenue
$685,069
Organization Details
Founding Year
1994
Phone
(860) 445-8151Principal Officer
Darlynea Lepage
Main Address
476 Thames Street, Groton, CT, 06340
Website
www.riverfrontchildren.orgNTEE Category
Code: P330 - Human services
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