Overview
What is The Ivy Academy Day Care Center Inc?
The Ivy Academy Day Care Center Inc is a nonprofit organization committed to offering day care services to eligible children in its local community. With the primary objective of catering to the needs of these children, the organization strives to provide a nurturing environment that fosters their growth and development. The Ivy Academy Day Care Center Inc's mission is centered around its day care services, ensuring that eligible children have access to quality care within the community.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
The Ivy Academy Day Care Center Inc has received a Three-Star rating due to its strong focus on accountability and finance, scoring 79% in this area. The organization boasts a fully independent board, which contributes to its governance integrity, and it has successfully implemented policies related to conflict of interest, whistleblower protection, and document retention. Additionally, it excels in financial oversight with a robust audit committee, indicating a commitment to transparency.
However, the organization's financial health is a point of concern, as indicated by its liabilities to assets ratio of 96.33%. This high ratio suggests potential financial risks, as the organization has a significant amount of liabilities compared to its assets. While it maintains a high program expense ratio of 90.01%, which indicates that a large portion of its funds is directed towards its mission, the financial stability metric may warrant closer monitoring by stakeholders.
In summary, The Ivy Academy Day Care Center Inc demonstrates strong governance and effective allocation of resources, but its financial liabilities should be addressed to ensure long-term sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Ivy Academy Day Care Center Inc legitimate?
The Ivy Academy Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ivy Academy Day Care Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $594,690
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What is the mission statement of The Ivy Academy Day Care Center Inc?
The Ivy Academy Day Care Center Inc's mission is centered around offering day care services to eligible children within the community. This organization is committed to providing a nurturing environment that caters to the needs of these children. The primary goal is to ensure that these children receive quality care during the day, thereby contributing positively to their overall development. The center's activities are geared towards meeting the unique needs of each child, fostering their growth and well-being.
Who is the CEO of The Ivy Academy Day Care Center Inc?
Theodora Blackmon is the Chairperson of The Ivy Academy Day Care Center Inc.
What is the revenue of The Ivy Academy Day Care Center Inc?
The Ivy Academy Day Care Center Inc's revenue in 2022 was $1,117,442.
Who are the executives of The Ivy Academy Day Care Center Inc and what are their salaries?
The average compensation at The Ivy Academy Day Care Center Inc during 2022 was $25,856. There are 23 employees at The Ivy Academy Day Care Center Inc.
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Where can I find the form 990 for The Ivy Academy Day Care Center Inc?
The Ivy Academy Day Care Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ivy Academy Day Care Center Inc
The Ivy Academy Day Care Center Inc is dedicated to serving the community by offering day care services to eligible children. This mission is carried out through providing a nurturing environment that caters to the needs of these young individuals. The organization's primary focus is on ensuring that these children receive quality care and support during their early years, which is a critical period of their development. By offering day care services, The Ivy Academy Day Care Center Inc aims to contribute positively to the community, providing parents with peace of mind and enabling them to focus on their own responsibilities. The center's activities are centered around the well-being and growth of the children, providing them with a safe and stimulating environment that fosters their intellectual, emotional, and social development.
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Impact
October, 2024
The Ivy Academy Day Care Center Inc. plays a crucial role in the South Ozone Park community by offering essential day care services to eligible children. This impact is multi-faceted, as it not only provides a safe and nurturing environment for children but also supports families by allowing parents to pursue work or education with peace of mind.
By ensuring that children have access to quality care and early childhood education, The Ivy Academy helps to foster their social, emotional, and cognitive development. This foundation is vital for children's long-term success and well-being. Furthermore, the center contributes to the community by creating local job opportunities and promoting social cohesion among families, ultimately enhancing the overall quality of life in South Ozone Park.
This information is meant to be a general summary of The Ivy Academy Day Care Center 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: $3,432
- Gross Receipts: $1,117,442
Assets and Liabilities:
- Total Assets: $181,969
- Total Liabilities: $140,853
- Net Assets: $41,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENT FEES
Revenue
$3,432
Organization Details
Founding Year
1985
Phone
(718) 322-6242Principal Officer
Theodora Blackmon
Main Address
144-06 ROCKAWAY BOULEVARD, SOUTH OZONE PARK, NY, 11436
NTEE Category
Code: P33 - Human services
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