Overview
What is Building Bridges Child Dev?
Building Bridges Child Dev is a nonprofit organization situated in Albuquerque, New Mexico, with a specific mission to offer high-quality child care and education services to families with limited income. This enables the parents to maintain employment. The organization, which employs 53 individuals, is committed to providing a nurturing environment that supports the holistic development of children. By doing so, it contributes to the well-being of both the children and their families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Building Bridges Child Development has received a rating of 67% from Charity Navigator, which indicates a Two-Star designation. This score is primarily based on the organization's accountability and finance metrics, reflecting its operational transparency and fiscal responsibility. A significant aspect of the rating is the charity's high performance in several key areas, including having a fully independent board and a strong program expense ratio of 93%, which suggests that a large portion of its funds is directed towards its programs.
The organization scores well across various financial metrics, such as a low liabilities-to-assets ratio and the absence of any material diversion of assets. These factors contribute positively to its overall accountability. Additionally, the documentation of board meeting minutes is noted, indicating a commitment to transparency in governance practices.
However, while the charity shows strengths in governance and program spending, the overall Two-Star rating suggests there may be areas for improvement. This rating may reflect concerns beyond just financials, such as outreach or impact measures that are not fully accounted for in the current evaluation. Stakeholders might want to consider these factors when assessing the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Building Bridges Child Dev legitimate?
Building Bridges Child Dev is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Bridges Child Dev 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: $859,175
For more financial information, click here
What is the mission statement of Building Bridges Child Dev?
Building Bridges Child Development's mission is centered around providing top-notch child care and education services for families with limited financial resources. This enables the parents to focus on their work, ensuring a balanced family and financial life. The organization's primary aim is to make high-quality educational opportunities accessible to these families, thereby contributing to their overall well-being. By offering such services, Building Bridges Child Development plays a significant role in supporting the community and fostering a secure and nurturing environment for children.
Who is the CEO of Building Bridges Child Dev?
Ileen Marchant is the Principal Officer of Building Bridges Child Dev.
What is the revenue of Building Bridges Child Dev?
Building Bridges Child Dev's revenue in 2022 was $2,370,934.
Who are the executives of Building Bridges Child Dev and what are their salaries?
The average compensation at Building Bridges Child Dev during 2022 was $16,211. There are 53 employees and 3 volunteers at Building Bridges Child Dev.
Here are 11 key members and their salaries:
- Compensation: $38,948
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $41,393
- Related: $0
- Other: $0
- Compensation: $35,491
- Related: $0
- Other: $0
- Compensation: $42,825
- Related: $0
- Other: $0
- Compensation: $52,671
- Related: $0
- Other: $0
Where can I find the form 990 for Building Bridges Child Dev?
Building Bridges Child Dev's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Building Bridges Child Dev
Building Bridges Child Dev, as a nonprofit organization, is committed to providing top-notch child care and education services for families with limited income. This mission enables parents to focus on their employment, thereby improving their financial stability. By offering high-quality childcare and education, this organization plays a significant role in fostering the holistic development of the children, ensuring they receive the necessary foundation for their future success.
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Impact
October, 2024
Building Bridges Child Development significantly enhances the lives of low-income families by providing quality child care and education in Albuquerque, NM. This initiative empowers parents by ensuring their children receive essential early childhood education, allowing them to pursue work opportunities without compromising their children's development. The program not only fosters a nurturing and educational environment for children but also contributes to the overall stability of families, as parents are able to focus on their employment, ultimately promoting economic self-sufficiency. By addressing the critical needs of low-income families, Building Bridges Child Development plays a vital role in the community, creating a foundation for brighter futures.
This information is meant to be a general summary of Building Bridges Child Dev. 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: $2,198
- Program Service Revenue: $630,465
- Gross Receipts: $2,370,934
Assets and Liabilities:
- Total Assets: $1,909,643
- Total Liabilities: $11,183
- Net Assets: $1,898,460
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENT PAYMENTS
CREDIT CARD PAYMENTS
Revenue
$40,204
PLANNING TIME GRANT
Revenue
$7,529
EMPLOYEE CHILD CARE
Revenue
$1,320
CC Stabilization Grant
Revenue
$581,412
Organization Details
Founding Year
2007
Phone
(505) 459-3294Principal Officer
Ileen Marchant
Main Address
2400 BRIDGE BLVD SW, ALBUQUERQUE, NM, 87105
NTEE Category
Code: B21 - Education
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