Overview
What is The Family Annex?
The Family Annex is a nonprofit organization situated in New York, specifically at 560 WEST 113TH STREET, NEW YORK, NY 11021. With a workforce of 24 dedicated individuals, this institution offers educational and childcare services to children aged between 2 and 5. Although the specific activities or mission details are not provided in the information, it is clear that The Family Annex is committed to the growth and well-being of young children in its community.
Official website here: www.familyannex.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77%, Three-Star out of Four Star rating.
The Family Annex has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and finance management. The organization's overall score is based entirely on its accountability and finance beacon, with a notable score of 77%. This high score suggests that The Family Annex effectively manages its resources and operates with transparency.
One of the strengths highlighted in the evaluation is the independent governance of the board, with 83% of its members being independent. This aspect, along with the absence of material diversion of assets and a high program expense ratio of 87.19%, showcases a commitment to focusing funds towards their mission. However, the lack of a whistleblower policy is a notable limitation, as it could impact the internal governance and accountability mechanisms of the organization.
Overall, The Family Annex demonstrates strong financial health and governance practices, although addressing the absence of a whistleblower policy could further enhance its accountability framework. The organization appears to be effectively utilizing its resources to fulfill its mission while maintaining a commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Family Annex legitimate?
The Family Annex is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Family Annex 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: $160,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $635,127
For more financial information, click here
Official website here: www.familyannex.org/
What is the mission statement of The Family Annex?
The Family Annex, as an institution, is committed to offering educational and childcare services to children within the age range of 2 to 5 years old. Its primary goal is to provide a nurturing environment that supports the overall development of these young individuals. Although the mission statement explicitly mentions that a schedule can be seen, the core focus of The Family Annex appears to be centered around early childhood education and care.
Official website here: www.familyannex.org/
Who is the CEO of The Family Annex?
Nancy Drescher is the Executive Director of The Family Annex.
Official website here: www.familyannex.org/
What is the revenue of The Family Annex?
The Family Annex's revenue in 2023 was $1,007,354.
Official website here: www.familyannex.org/
Who are the executives of The Family Annex and what are their salaries?
The average compensation at The Family Annex during 2023 was $33,157. There are 24 employees at The Family Annex.
Here are 7 key members and their salaries:
- Compensation: $70,633
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $90,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.familyannex.org/
Where can I find the form 990 for The Family Annex?
The Family Annex's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.familyannex.org/
Learn more at the official website: www.familyannex.org/
Mission Statement of The Family Annex
The Family Annex, a nonprofit organization, is dedicated to providing educational and childcare services for children aged between 2 and 5. Its mission is focused on nurturing the young minds and ensuring their overall development during these formative years. The organization offers a safe and stimulating environment where children can learn and grow, fostering their cognitive, social, and emotional development. Through its services, The Family Annex aims to contribute positively to the future of these children, setting them up for success in their later years.
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Impact
August, 2024
The Family Annex provides educational and childcare services to children aged 2-5 in New York, NY. Its impact can be seen in the positive development and growth of the children who attend the school. By offering quality early childhood education and care, The Family Annex plays a crucial role in preparing young children for academic success and social development. This, in turn, contributes to building a stronger foundation for the future generation and positively impacts families and communities.
This information is meant to be a general summary of The Family Annex. 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.
- Investment Income: $3,968
- Program Service Revenue: $917,216
- Gross Receipts: $1,370,150
Assets and Liabilities:
- Total Assets: $1,690,574
- Total Liabilities: $717,521
- Net Assets: $973,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND TUITION AI
Revenue
$914,066
COMMITTEE FEES
Revenue
$3,150
Organization Details
Founding Year
1982
Phone
(212) 749-3271Principal Officer
Nancy Drescher
Main Address
560 WEST 113TH STREET, NEW YORK, NY, 11021
Website
www.familyannex.org/NTEE Category
Code: P30 - Human services
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