Overview
What is Paterson Day Care 100 Inc?
Paterson Day Care 100 Inc, located at 363 BROADWAY, PATERSON, New Jersey 07509, is a nonprofit organization committed to serving low-income families. They offer a comprehensive early childhood program, providing full-day preschool education to all 3 to 4-year-old children residing in Paterson, New Jersey. The primary mission of Paterson Day Care 100 Inc is to ensure the safety and well-being of these children by providing daycare services. With a team of 27 dedicated employees, they strive to create an inclusive and nurturing environment for the children under their care.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 71% (Two-Star out of Four Star rating)
Paterson Day Care 100 Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas, despite a solid performance in accountability and finance. The organization boasts a fully independent board and has shown strong governance practices, including no material diversion of assets and a comprehensive conflict of interest policy.
The nonprofit demonstrates commendable financial health, with a low liabilities to assets ratio and a high program expense ratio, ensuring that the majority of its funds are directed toward its mission. However, the overall rating suggests potential areas for growth in transparency or operational effectiveness that may enhance the organization's public trust and impact.
While Paterson Day Care 100 Inc shows strengths in governance and financial management, potential donors and stakeholders might want to consider the organization’s overall rating and any noted limitations when making their support decisions.
This AI summary has been generated from information found on Charity Navigator.
Is Paterson Day Care 100 Inc legitimate?
Paterson Day Care 100 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paterson Day Care 100 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: $145,003
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,153,954
For more financial information, click here
What is the mission statement of Paterson Day Care 100 Inc?
Paterson Day Care 100 Inc is committed to delivering safe day care services to families experiencing financial hardships. Their mission is centered around providing a secure environment for young children from low-income families, ensuring their well-being during the day. This organization plays a significant role in the community by offering full-day preschool programs for three to four-year-olds, thereby contributing to their early childhood development. Although the provided information is limited, it suggests that Paterson Day Care 100 Inc prioritizes the needs of vulnerable families and aims to support their children's growth and education.
Who is the CEO of Paterson Day Care 100 Inc?
Suzanne Powell is the Chairperson of Paterson Day Care 100 Inc.
What is the revenue of Paterson Day Care 100 Inc?
Paterson Day Care 100 Inc's revenue in 2022 was $2,311,201.
Who are the executives of Paterson Day Care 100 Inc and what are their salaries?
The average compensation at Paterson Day Care 100 Inc during 2022 was $48,110. There are 27 employees and 5 volunteers at Paterson Day Care 100 Inc.
Here are 8 key members and their salaries:
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- Compensation: $145,003
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- Other: $15,000
Where can I find the form 990 for Paterson Day Care 100 Inc?
Paterson Day Care 100 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paterson Day Care 100 Inc
Paterson Day Care 100 Inc, as a nonprofit organization, is committed to providing safe day care services for families in need. The primary mission of this institution is to offer this crucial service to low-income families. By operating an early childhood program, Paterson Day Care 100 Inc extends its reach to all 3 to 4-year-old children residing in Paterson, New Jersey, providing them with full-day preschool education. This initiative aims to ensure that every young child in this demographic has access to quality early education, thereby contributing to their overall development. By providing safe and nurturing environments, Paterson Day Care 100 Inc strives to support families during their formative years, fostering a strong foundation for both children and their families.
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Impact
October, 2024
Paterson Day Care 100 Inc plays a vital role in the community by providing safe day care services to low-income families in Paterson, New Jersey. By operating the New Jersey Universal Child Care - Early Childhood Program, the organization ensures that all 3 to 4-year-old children in the area have access to full-day preschool education. This initiative not only supports the educational development of young children but also alleviates some of the burdens faced by low-income families, enabling parents to work or pursue further education without the constant worry of childcare.
The impact of Paterson Day Care 100 Inc extends beyond immediate child care; it promotes early childhood education, which is crucial for cognitive and social development. By fostering a safe and nurturing environment, the organization helps to lay a strong foundation for lifelong learning and success. Additionally, this initiative strengthens the community by encouraging parental engagement and stability, ultimately contributing to a more equitable society where all children have the opportunity to thrive.
This information is meant to be a general summary of Paterson Day Care 100 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.
- Program Service Revenue: $134,050
- Gross Receipts: $2,311,201
Assets and Liabilities:
- Total Assets: $548,368
- Total Liabilities: $291,987
- Net Assets: $256,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENT FEES
Revenue
$134,050
Organization Details
Founding Year
1981
Phone
(973) 278-5200Principal Officer
Suzanne Powell
Main Address
363 BROADWAY, PATERSON, NJ, 07509
NTEE Category
Code: P33 - Human services
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