Overview
What is Terryville Plymouth Day Care Center?
Terryville Plymouth Day Care Center is a nonprofit organization committed to offering top-notch childcare and early education, with a focus on strengthening families as the primary caregivers of their children. Serving children from six weeks to twelve years, including those with special needs, the center provides both full and part-time care in a secure and nurturing environment. As a partially state-funded organization, they offer possibilities for tuition subsidies, considering availability and eligibility. Their services extend beyond regular childcare, offering before and after school care, as well as school readiness programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Terryville Plymouth Day Care Center has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The score of 78% reflects strong governance practices, including a fully independent board of directors and effective oversight of financial statements, which suggests a commitment to transparency and ethical management.
Strengths of the organization include a high ratio of program expenses, with 81.45% of its budget allocated directly to programs, demonstrating a priority on service delivery over administrative costs. Additionally, the center has shown no material diversion of assets, which reinforces its financial integrity. The presence of an active audit and oversight committee further supports the nonprofit's accountability.
However, the organization does have a liability-to-assets ratio of 55%, which indicates a moderate level of financial risk. While this is not uncommon for nonprofits, it suggests that the center may face challenges in managing its debt relative to its assets. Overall, the Terryville Plymouth Day Care Center exhibits strong financial practices, but potential donors may want to consider its financial ratios when evaluating its stability.
This AI summary has been generated from information found on Charity Navigator.
Is Terryville Plymouth Day Care Center legitimate?
Terryville Plymouth Day Care Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terryville Plymouth Day Care Center 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: $28,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $749,311
For more financial information, click here
What is the mission statement of Terryville Plymouth Day Care Center?
The Terryville Day Care Center's mission is focused on providing high-quality childcare and early education. It aims to strengthen families as primary caregivers of their children, offering full and part-day care and education to children aged six weeks to twelve years, including those with special needs. The center creates a safe, secure, caring, and nurturing environment for these children. As a partially state-funded center, it offers opportunities for tuition subsidies, taking into consideration availability and eligibility.
Who is the CEO of Terryville Plymouth Day Care Center?
Lorraine Friedman is the President & Interim Director of Terryville Plymouth Day Care Center.
What is the revenue of Terryville Plymouth Day Care Center?
Terryville Plymouth Day Care Center's revenue in 2022 was $1,035,127.
Who are the executives of Terryville Plymouth Day Care Center and what are their salaries?
The average compensation at Terryville Plymouth Day Care Center during 2022 was $16,554. There are 47 employees at Terryville Plymouth Day Care Center.
Here are 5 key members and their salaries:
- Compensation: $28,750
- Related: $0
- Other: $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 Terryville Plymouth Day Care Center?
Terryville Plymouth Day Care Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terryville Plymouth Day Care Center
Terryville Plymouth Day Care Center is dedicated to providing top-notch childcare and early education services, aiming to strengthen families as the primary caregivers of their children. The organization caters to children ranging from six weeks to twelve years old, including those with special needs, in a secure and nurturing environment. As a partially state-funded center, Terryville Plymouth Day Care Center offers possibilities for tuition subsidies, taking into account availability and eligibility. The center's mission is to ensure that every child receives the best possible care and education, enabling them to grow and thrive under the loving guidance of their families.
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Impact
October, 2024
Terryville Plymouth Day Care Center plays a vital role in its community by providing high-quality childcare and early education. This center ensures that children from six weeks to twelve years old, including those with special needs, have access to safe and nurturing environments that foster their development. By offering both full and part-day care, as well as before and after school programs, the center supports working families and contributes to school readiness initiatives.
The impact of Terryville Plymouth Day Care Center extends beyond childcare; it strengthens families by empowering them as primary nurturers of their children. Families benefit from tuition subsidies where available, making quality education more attainable. The center not only meets the immediate needs of children and parents but also plays a crucial role in the overall well-being of the community by enhancing early childhood development and supporting parents in their nurturing roles.
This information is meant to be a general summary of Terryville Plymouth Day Care Center. 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: $676,535
- Gross Receipts: $1,035,127
Assets and Liabilities:
- Total Assets: $716,531
- Total Liabilities: $394,128
- Net Assets: $322,403
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAY CARE FEES
Revenue
$676,535
Organization Details
Founding Year
1985
Phone
(860) 583-0143Principal Officer
Lorraine Friedman
Main Address
9 North Riverside Avenue, Terryville, CT, 06786
NTEE Category
Code: P33 - Human services
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