Overview
What is Canaan Child Care Inc?
Canaan Child Care Inc is a nonprofit organization that offers preschool and childcare services. They have established a partnership with an elementary school, enabling them to utilize a portion of the building for better housing and accessibility. The organization runs a child care day preschool program and a school readiness program, enrolling children who are registered in the program. The mission of Canaan Child Care Inc is to provide a nurturing environment for these young learners, aiming to prepare them for their future academic endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Canaan Child Care Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a strong level of trustworthiness and financial health. The rating is based entirely on its accountability and finance score, which stands at 94%. This high score reflects the organization's commitment to transparency and effective management of resources, showcasing its strong governance and adherence to best practices in the nonprofit sector.
The organization benefits from a completely independent board of directors, which is essential for maintaining impartial oversight and decision-making. With no material diversion of assets and a solid conflict of interest policy in place, Canaan Child Care Inc demonstrates its dedication to ethical practices. Additionally, the organization has a perfect liability to assets ratio of 0.00%, indicating no debt, and a 100% program expense ratio, meaning all funds are directed towards its mission.
While the charity showcases numerous strengths, the data provided does not highlight any areas of concern or limitations. Overall, the performance metrics suggest that Canaan Child Care Inc operates with high efficiency and integrity, making it a reliable choice for donors seeking to support a reputable organization.
This AI summary has been generated from information found on Charity Navigator.
Is Canaan Child Care Inc legitimate?
Canaan Child Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canaan 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: $75,874
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,120
For more financial information, click here
What is the mission statement of Canaan Child Care Inc?
Canaan Child Care Inc., as a preschool and childcare service provider, aims to offer a nurturing environment for children through its daycare preschool program and school readiness program. By utilizing a part of an elementary school, the organization provides better housing and accessibility for the registered children. The mission of Canaan Child Care Inc. is centered around fostering the early development of children, preparing them for formal education, and ensuring a conducive learning environment.
Who is the CEO of Canaan Child Care Inc?
Linda King is the Principal Officer of Canaan Child Care Inc.
What is the revenue of Canaan Child Care Inc?
Canaan Child Care Inc's revenue in 2022 was $521,691.
Who are the executives of Canaan Child Care Inc and what are their salaries?
The average compensation at Canaan Child Care Inc during 2022 was $22,416. There are 12 employees and 6 volunteers at Canaan Child Care Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $8,950
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $66,924
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Canaan Child Care Inc?
Canaan Child Care Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canaan Child Care Inc
Canaan Child Care Inc, a nonprofit organization, is committed to providing preschool and childcare services. Their mission is twofold: they offer a child care day preschool program for registered children, providing them with a nurturing environment. Furthermore, they run a school readiness program, aiming to prepare children for their future education. Utilizing a portion of an elementary school, Canaan Child Care Inc ensures better housing and accessibility for the children under their care.
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Impact
July, 2024
Canaan Child Care Inc has played a vital role in providing high-quality preschool and childcare services to children in CANAAN, CT. By offering a child care day preschool program and a school readiness program, they have helped children develop essential skills for future success. Through their utilization of part of the elementary school, they have improved the housing and accessibility of their programs, creating a more conducive learning environment. Canaan Child Care Inc's impact is evident in the positive development and readiness of the children enrolled in their programs, contributing to the well-being of families in the community.
This information is meant to be a general summary of Canaan 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: $1,453
- Program Service Revenue: $355,158
- Gross Receipts: $521,691
Assets and Liabilities:
- Total Assets: $298,900
- Total Liabilities: $0
- Net Assets: $298,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Care Fees
Revenue
$211,567
Child Care Fees SR PY
Revenue
$143,591
Organization Details
Founding Year
2008
Phone
(860) 824-0597Principal Officer
Linda King
Main Address
P O Box 811, Canaan, CT, 06018
NTEE Category
Code: P33 - Human services
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