Overview
What is Red Hat Day Care Center Inc?
Red Hat Day Care Center Inc is a nonprofit organization that focuses on providing day care services for young children. Although the provided information is limited, it can be inferred that their primary mission is to offer a safe and nurturing environment for children during their formative years. The organization's core activity revolves around child care, ensuring that young children receive the care and attention they need while their parents or guardians are engaged in other activities. The specific details about the scope of their services, such as the age range of children they accept or the additional resources they offer, are not provided in the given information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%
Red Hat Day Care Center Inc has achieved a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in both accountability and financial health. With an overall score of 87%, the organization demonstrates strong governance practices, including a fully independent board and comprehensive financial policies, which enhance its credibility and operational integrity.
The charity’s financial indicators are also impressive, highlighted by an outstanding program expense ratio of 98.79%, suggesting that almost all of its expenditures are directed towards its mission-related activities. Additionally, the organization has effectively managed its liabilities, with a ratio of 45.16%, which reflects good fiscal responsibility.
While the organization shows strengths in governance and financial management, the rating of 87% leaves room for improvement. Continued efforts to enhance transparency and possibly increase community engagement could further bolster its standing and impact in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Red Hat Day Care Center Inc legitimate?
Red Hat Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Red Hat Day Care 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: $145,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $585,125
For more financial information, click here
What is the mission statement of Red Hat Day Care Center Inc?
Red Hat Day Care Center Inc's mission is centered around providing day care services for young children. Their goal is to create a nurturing environment that supports the overall development of these children. While the provided information is limited, it suggests that their mission includes ensuring the well-being and growth of the young children under their care. However, due to the limited data, the specifics of their approach or additional objectives cannot be fully elaborated.
Who is the CEO of Red Hat Day Care Center Inc?
Flora Sabel is the Executive Di of Red Hat Day Care Center Inc.
What is the revenue of Red Hat Day Care Center Inc?
Red Hat Day Care Center Inc's revenue in 2023 was $1,176,987.
Who are the executives of Red Hat Day Care Center Inc and what are their salaries?
The average compensation at Red Hat Day Care Center Inc during 2023 was $38,448. There are 19 employees at Red Hat Day Care Center Inc.
There is 1 key member and their salary:
- Compensation: $145,390
- Related: $0
- Other: $0
Where can I find the form 990 for Red Hat Day Care Center Inc?
Red Hat Day Care Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Red Hat Day Care Center Inc
Red Hat Day Care Center Inc is committed to providing day care services for young children. The organization's primary mission is centered around the well-being and development of these young individuals, offering them a nurturing environment during their formative years. The center's activities aim to foster growth and learning, providing a safe and stimulating space for children to explore and expand their horizons. Red Hat Day Care Center Inc plays a significant role in supporting families by offering reliable childcare solutions, enabling parents to balance their personal and professional responsibilities. The center's mission is to contribute positively to the lives of young children, setting the foundation for their future success.
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Impact
July, 2024
The impact of Red Hat Day Care Center Inc is significant as it provides essential day care services for young children in Brooklyn, NY. By offering a safe and nurturing environment for children, the center supports working families by enabling parents to pursue their careers while knowing their children are well cared for. This serves as a vital resource for the community, promoting the well-being and development of young children and allowing parents to focus on their employment. Through its focus on human services, Red Hat Day Care Center Inc plays a crucial role in supporting families and contributing to the overall welfare of the community.
This information is meant to be a general summary of Red Hat Day Care 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 2023.
- Program Service Revenue: $114,295
- Gross Receipts: $1,176,987
Assets and Liabilities:
- Total Assets: $338,173
- Total Liabilities: $152,741
- Net Assets: $185,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$78,560
PARENT DAY CARE CENTER FEES
Revenue
$35,735
Organization Details
Founding Year
1981
Phone
(718) 336-1480Principal Officer
Flora Sabel
Main Address
1317 EAST 15TH STREET, BROOKLYN, NY, 11230
NTEE Category
Code: P33 - Human services
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