Overview
What is Cedar Street Daycare?
Cedar Street Daycare is a nonprofit organization situated in Beacon, New York, specifically at 35 North Cedar Street. Their primary focus is on providing a secure and nurturing environment for toddlers, preschoolers, and children in after-school hours. Their comprehensive childcare services aim to foster the social, emotional, and cognitive development of these young individuals. They operate with a small team of one dedicated employee, and their mission lies in promoting early education that positively impacts the children's growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 2 Stars (60%)
Cedar Street Daycare has received a two-star rating from Charity Navigator, indicating a moderate level of financial accountability and transparency. This rating is based solely on the Accountability & Finance score, which reflects the organization's governance practices and financial health. While the daycare does show a strong Program Expense Ratio of 91.10%, indicating that the majority of its resources are directed toward its programs, several key areas of governance are lacking, notably the absence of independent board members.
The organization does not have any independent board members, which raises concerns regarding oversight and accountability. Essential policies such as a whistleblower policy and document retention guidelines are missing, which may impact the organization's governance effectiveness. On a positive note, Cedar Street Daycare has a solid liabilities to assets ratio of 23.04% and has shown no material diversion of assets, reflecting a stable financial position.
However, the lack of a publicly accessible website and the absence of posted financial documents may hinder transparency, making it challenging for stakeholders to access important information about the organization's operations. Overall, while Cedar Street Daycare demonstrates a commitment to applying its resources effectively, there are significant areas for improvement in governance and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Street Daycare legitimate?
Cedar Street Daycare is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Street Daycare 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: $0
For more financial information, click here
What is the mission statement of Cedar Street Daycare?
Cedar Street Daycare's mission is focused on promoting early education for children, aiming to stimulate their social, emotional, and cognitive development. The organization provides a safe and nurturing environment for toddlers, preschoolers, and after-school age children. Through comprehensive childcare services, they aim to cater to the needs of each child, ensuring their overall well-being. The main goal is to create a setting that fosters growth and learning, enabling children to thrive in their formative years.
Who is the CEO of Cedar Street Daycare?
Melvin Rhodes is the Treasurer of Cedar Street Daycare. The CEO's salary of Cedar Street Daycare is $0 and their total compensation is $0.
What is the revenue of Cedar Street Daycare?
Cedar Street Daycare's revenue in 2022 was $94,625.
Who are the executives of Cedar Street Daycare and what are their salaries?
There is 1 employee at Cedar Street Daycare.
Here are 4 key members and their salaries (Cedar Street Daycare's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cedar Street Daycare?
Cedar Street Daycare's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cedar Street Daycare
Cedar Street Daycare, a renowned organization, is committed to providing a safe and nurturing environment for toddlers, preschoolers, and after-school age children. Their primary mission is to stimulate the social and emotional development of these young individuals through early education. By offering comprehensive childcare services, Cedar Street Daycare aims to foster an environment that encourages growth and learning, ultimately promoting the overall well-being of its young charges.
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Impact
October, 2024
Cedar Street Daycare plays a vital role in the Beacon, NY community by providing essential preschool, afterschool, and childcare services that prioritize safety and nurturing for young children. The organization is dedicated to creating a supportive environment where toddlers, preschoolers, and school-age children can thrive.
Through its comprehensive childcare services, Cedar Street Daycare promotes early education, helping to stimulate children's social, emotional, and cognitive development. This focus on holistic growth not only prepares children for future academic success but also fosters important life skills such as cooperation, self-regulation, and resilience.
By offering a safe and caring space, Cedar Street Daycare alleviates the burden on working families, allowing parents to pursue their careers with peace of mind. In doing so, it strengthens the overall community by ensuring that the next generation is well-equipped for the challenges ahead. The organization’s commitment to early education ensures that children receive a solid foundation, encouraging lifelong learning and development.
This information is meant to be a general summary of Cedar Street Daycare. 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.
- Program Service Revenue: $30,104
- Gross Receipts: $94,625
Assets and Liabilities:
- Total Assets: $229,189
- Total Liabilities: $68,959
- Net Assets: $160,230
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENTS PAYMENTS
Revenue
$30,104
Organization Details
Founding Year
2011
Phone
(845) 838-9349Principal Officer
Melvin Rhodes
Main Address
35 NORTH CEDAR STREET, BEACON, NY, 12508
NTEE Category
Code: B21 - Education
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