Overview
What is Bayonne Pal Day Care Center Corp?
Bayonne Pal Day Care Center Corp is a nonprofit organization situated in Bayonne, New Jersey, specifically at 550 Avenue A. Their primary mission is to provide affordable day care services for children aged 5 to 13 from low-income families in the area. The organization operates under the funding of both the city and state governments. Their operations are centered around maintaining a healthy and clean environment for the children they serve, offering after-school programs and all-day summer camps. The organization employs a team of 26 individuals, working tirelessly to ensure the well-being and education of the young minds under their care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Bayonne Pal Day Care Center Corp has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This score is solely derived from the Accountability & Finance category, where the organization demonstrates a solid commitment to maintaining transparency and responsible financial management.
The nonprofit has a fully independent board, comprising 100% independent members, which contributes positively to its governance. It excels in its financial practices, as evidenced by a well-structured audit and oversight committee and the absence of material diversion of assets. Additionally, the presence of a whistleblower policy and documented board meeting minutes reinforces its commitment to accountability.
However, the organization’s program expense ratio stands at 65.04%, which, while respectable, indicates that there is room for improvement in allocating funds directly towards program services compared to administrative or fundraising costs. Overall, Bayonne Pal Day Care Center Corp shows a strong foundation in governance and finance, with areas to refine in its operational efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Bayonne Pal Day Care Center Corp legitimate?
Bayonne Pal Day Care Center Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayonne Pal Day Care Center Corp 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: $190,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $366,411
For more financial information, click here
What is the mission statement of Bayonne Pal Day Care Center Corp?
The Bayonne Pal Day Care Center Corp's mission is centered around providing day care services to children aged 5-13 from low-income families in a nurturing environment. Their objective is to ensure the well-being of these children by offering after-school programs and summer camps. The fees for these services are adjustable based on family size and income, with funding coming from both local Bayonne and state New Jersey sources. The center's mission is to provide a clean and safe space where children can learn and grow during out-of-school hours.
Who is the CEO of Bayonne Pal Day Care Center Corp?
Kim Torello is the President Ending January 2023 of Bayonne Pal Day Care Center Corp.
What is the revenue of Bayonne Pal Day Care Center Corp?
Bayonne Pal Day Care Center Corp's revenue in 2023 was $1,248,637.
Who are the executives of Bayonne Pal Day Care Center Corp and what are their salaries?
The average compensation at Bayonne Pal Day Care Center Corp during 2023 was $21,408. There are 26 employees and 26 volunteers at Bayonne Pal Day Care Center Corp.
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- Compensation: $74,000
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- Compensation: $102,803
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- Other: $7,184
Where can I find the form 990 for Bayonne Pal Day Care Center Corp?
Bayonne Pal Day Care Center Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bayonne Pal Day Care Center Corp
Bayonne Pal Day Care Center Corp is committed to providing day care services for children between the ages of 5 and 13, primarily from low-income families. Their mission is to create a nurturing and hygienic environment where these children can thrive. The center offers after-school programs and an all-day summer camp, ensuring that children have a safe and stimulating environment during their out-of-school hours. The fees for these services are adjusted based on family size and income, making the center accessible to as many families as possible. The city of Bayonne and the state of New Jersey contribute funding to support the operations of Bayonne Pal Day Care Center Corp, demonstrating their commitment to providing affordable and quality day care services to children in need.
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Impact
October, 2024
Bayonne Pal Day Care Center Corp plays a vital role in the Bayonne community by providing essential day care services for children aged 5 to 13 from low-income families. Its after-school programs and all-day summer camp offer a safe and nurturing environment where children can learn, grow, and engage in enriching activities. By tailoring fees based on family size and income, the center ensures accessibility for all families, allowing parents to work while knowing their children are in a supportive setting.
The programs focus on youth development, fostering not only academic growth but also social and emotional skills. Through funding from the city of Bayonne and the state of New Jersey, the center maintains a commitment to providing high-quality care in a healthy and clean environment. This approach not only directly benefits the children and families it serves but also contributes positively to the broader community by promoting the well-being and development of its youngest members. The center’s impact is seen in improved educational outcomes, increased social skills, and a strengthened community network, ultimately helping to break the cycle of poverty for families in need.
This information is meant to be a general summary of Bayonne Pal Day Care Center Corp. 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: $108
- Program Service Revenue: $212,723
- Gross Receipts: $1,248,637
Assets and Liabilities:
- Total Assets: $623,268
- Total Liabilities: $215,718
- Net Assets: $407,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAY CARE FEE INCOME
Revenue
$212,723
Organization Details
Founding Year
1976
Phone
(201) 437-6427Principal Officer
Kim Torello
Main Address
550 AVENUE A, BAYONNE, NJ, 07002
NTEE Category
Code: O50 - Youth development
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