Overview
What is Clasp Childrens Center Inc?
Clasp Children's Center Inc is a nonprofit organization situated in Great Neck. Their primary mission is to offer top-notch childcare services to working parents and those enrolled in training programs. Beyond this, they extend their services to children from underprivileged backgrounds, ensuring they also receive quality early childhood care. The center's activities are centered around providing a nurturing environment that caters to the needs of these children, thereby contributing positively to their development.
Official website here: www.claspinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Clasp Childrens Center Inc has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 69%. While the organization displays a strong commitment to financial accountability with a high program expense ratio of 71.51% and a complete independent board, it lacks essential governance policies, including a conflict of interest policy and a whistleblower policy, which detracts from its overall score.
The organization benefits from an independent board with 100% of its members being independent, indicating a strong level of governance in that regard. Additionally, there are no reported material diversions of assets, which is a positive sign for financial integrity. However, the absence of financial statements and several key policies raises concerns about transparency and operational standards.
Overall, while Clasp Childrens Center Inc demonstrates strengths in program spending and board independence, significant gaps in governance practices and financial documentation need to be addressed to improve its rating and ensure greater accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Clasp Childrens Center Inc legitimate?
Clasp Childrens Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clasp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $780,408
For more financial information, click here
Official website here: www.claspinc.org
What is the mission statement of Clasp Childrens Center Inc?
The mission of Clasp Children's Center Inc. is centered around providing quality childcare services for working parents and those enrolled in training programs. Additionally, the center extends its services to children from underprivileged backgrounds. Their primary objective is to offer day-care facilities, as part of their comprehensive early childhood care programs.
Official website here: www.claspinc.org
Who is the CEO of Clasp Childrens Center Inc?
Arpi Arukian is the Co-Director of Clasp Childrens Center Inc.
Official website here: www.claspinc.org
What is the revenue of Clasp Childrens Center Inc?
Clasp Childrens Center Inc's revenue in 2022 was $1,190,771.
Official website here: www.claspinc.org
Who are the executives of Clasp Childrens Center Inc and what are their salaries?
The average compensation at Clasp Childrens Center Inc during 2022 was $21,678. There are 36 employees at Clasp Childrens Center Inc.
Here are 2 key members and their salaries:
- Compensation: $106,426
- Related: $0
- Other: $0
- Compensation: $91,537
- Related: $0
- Other: $0
Official website here: www.claspinc.org
Where can I find the form 990 for Clasp Childrens Center Inc?
Clasp Childrens Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.claspinc.org
Learn more at the official website: www.claspinc.org
Mission Statement of Clasp Childrens Center Inc
Clasp Children's Center Inc is dedicated to serving a noble purpose. Its primary mission is to provide top-notch childcare services for working parents and those enrolled in training programs in the organization. Beyond this, it extends its care to children from underprivileged homes, ensuring they receive the necessary early childhood education. The center's programs are meticulously designed to cater to the needs of these children, fostering their growth and development in a nurturing environment.
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Impact
July, 2024
Clasp Childrens Center Inc's impact lies in its mission to provide quality childcare for Great Neck's working parents and parents enrolled in training programs. By offering day-care services for children from underprivileged homes, the center plays a crucial role in supporting these families and ensuring that their children receive necessary care and education. Through its programs, including early childhood care, Clasp Childrens Center Inc is contributing to the well-being and development of the community members it serves, particularly in the city of Great Neck, NY.
This information is meant to be a general summary of Clasp 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: $711
- Program Service Revenue: $857,018
- Gross Receipts: $1,190,771
Assets and Liabilities:
- Total Assets: $917,220
- Total Liabilities: $81,836
- Net Assets: $835,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & REGISTRATION
Revenue
$857,018
Organization Details
Founding Year
1969
Phone
(516) 482-8090Principal Officer
Arpi Arukian
Main Address
80 GRACE AVENUE, GREAT NECK, NY, 11021
Website
www.claspinc.orgNTEE Category
Code: B900 - Education
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