The Kathy Herward Child Care Center Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222572872 ✦ Andover, MA ✦ Designated as a 501(c)(3)

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Overview

What is The Kathy Herward Child Care Center Inc?

The Kathy Herward Child Care Center Inc is a dedicated nonprofit organization located at the IRS Andover Massachusetts Service Center. Their primary focus is on delivering high-quality child care services, catering to approximately 60 to 80 children each week. The organization's mission is centered around providing a nurturing environment that ensures the well-being and development of these young individuals. By operating within the IRS facility, they offer a unique setting that provides convenience for working parents.


Official website here: www.none

What are the reviews and ratings of this charity?

Charity Navigator rating: 92%, Four-Star out of Four Star rating.

The Kathy Herward Child Care Center Inc has achieved a high rating of 92%, reflecting strong performance in accountability and finance. This score is entirely based on their accountability measures, indicating that the organization is well-managed and transparent. The independent board members and the absence of any material diversion of assets highlight the center's commitment to ethical governance.

Strengths include a fully independent board and comprehensive financial oversight, as evidenced by their perfect scores in several areas such as financial statements and accountability policies. Additionally, a significant portion of their expenses is directed toward programs, with an impressive program expense ratio of 83.77%. This suggests that the center prioritizes funding directly related to its mission and services.

However, it is noted that the organization is missing a whistleblower policy, which could be a limitation in terms of internal accountability and protection for staff. Overall, the Kathy Herward Child Care Center Inc demonstrates strong financial health and governance practices, though there is room for improvement in some policy areas.


This AI summary has been generated from information found on Charity Navigator.

Is The Kathy Herward Child Care Center Inc legitimate?

The Kathy Herward Child Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kathy Herward Child 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: $972,561

For more financial information, click here


Official website here: www.none

What is the mission statement of The Kathy Herward Child Care Center Inc?

The Kathy Herward Child Care Center Inc's mission is centered around offering high-quality child care services. This mission is carried out by catering to the needs of approximately 60 to 80 children each week. The primary goal is to ensure that the child care provided meets the required standards of quality. The center operates at the IRS Andover Massachusetts Service Center, but the mission statement itself does not specify the location.


Official website here: www.none

Who is the CEO of The Kathy Herward Child Care Center Inc?

Deidre Moran is the Board Member of The Kathy Herward Child Care Center Inc.


Official website here: www.none

What is the revenue of The Kathy Herward Child Care Center Inc?

The Kathy Herward Child Care Center Inc's revenue in 2022 was $1,233,220.


Official website here: www.none

Who are the executives of The Kathy Herward Child Care Center Inc and what are their salaries?

The average compensation at The Kathy Herward Child Care Center Inc during 2022 was $37,406. There are 26 employees at The Kathy Herward Child Care Center Inc.


Here are 4 key members and their salaries:


Cristian Tavares (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard A Lacroix (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deidre Moran (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Ozoonian (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for The Kathy Herward Child Care Center Inc?

The Kathy Herward Child Care Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of The Kathy Herward Child Care Center Inc

The Kathy Herward Child Care Center Inc is dedicated to delivering high-quality child care services. With a weekly capacity of accommodating 60 to 80 children, this nonprofit organization's mission is centered around providing an exceptional child care experience. Situated at The IRS Andover Massachusetts Service Center, the Kathy Herward Child Care Center Inc strives to meet the needs of young children while ensuring their well-being and development. By offering top-notch child care services, the center aims to make a positive impact on each child's life, providing them with a nurturing and stimulating environment that fosters growth and learning.

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Impact




October, 2024

The Kathy Herward Child Care Center Inc has a significant impact on the community by providing quality child care services to 60-80 children each week at the IRS Andover Massachusetts Service Center. This service not only supports working parents by offering a reliable and safe place for their children, but also fosters early childhood development and socialization among the children it serves. By focusing on quality care, the center contributes to the overall well-being of families, allowing parents to be more productive and at ease while they work. The center creates a nurturing environment where children can learn and grow, making a positive difference in the lives of both children and their families in Andover, Massachusetts.




This information is meant to be a general summary of The Kathy Herward Child 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.

Revenue
$1,233,220 (2022)
Expenses
$1,188,438 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,100
  • Program Service Revenue: $1,000,435
  • Gross Receipts: $1,233,220

Assets and Liabilities:

  • Total Assets: $388,609
  • Total Liabilities: $29,179
  • Net Assets: $359,430

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CHILD CARE SERVICES

Revenue

$1,000,435

Organization Details

Founding Year

1986

Principal Officer

Deidre Moran

Main Address

310 LOWELL ST STOP 237, ANDOVER, MA, 01810

Website

www.none

NTEE Category

Code: P33 - Human services

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