Overview
What is Rainbow Montessori Inc?
Rainbow Montessori Inc is a nonprofit organization that specializes in delivering top-notch childcare and education, tailored to cater to the unique needs of each enrolled child, ranging from preschool age to six years old. The organization's primary focus is on the overall development of the children in its care, emphasizing individualized education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
Rainbow Montessori Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity's score of 52% reflects a lack of independent board members and missing critical policies for governance, such as conflict of interest and whistleblower policies. Additionally, the absence of a publicly accessible website and incomplete financial statements further contribute to its low rating.
Despite these issues, the organization demonstrates a strong commitment to its programs, with an impressive program expense ratio of 88.23%. This suggests that the majority of funds are directed toward its mission, rather than administrative costs. However, without proper governance structures in place, the effectiveness and transparency of these programs may be compromised.
Overall, while Rainbow Montessori Inc shows promise in its programmatic spending, the lack of transparency and accountability raises concerns for potential donors and stakeholders. Improvements in governance and financial practices are essential for enhancing trust and credibility within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Montessori Inc legitimate?
Rainbow Montessori Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Montessori 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: $271,832
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,580,578
For more financial information, click here
What is the mission statement of Rainbow Montessori Inc?
Rainbow Montessori Inc's mission is centered around offering top-notch childcare and education, tailored to cater to the unique requirements of each enrolled child between preschool and six years old. The organization is deeply committed to delivering individualized learning experiences, ensuring each child receives an education that suits their specific needs.
Who is the CEO of Rainbow Montessori Inc?
Jacqueline Licata Alectoridis is the Director of Rainbow Montessori Inc.
What is the revenue of Rainbow Montessori Inc?
Rainbow Montessori Inc's revenue in 2022 was $2,747,528.
Who are the executives of Rainbow Montessori Inc and what are their salaries?
The average compensation at Rainbow Montessori Inc during 2022 was $16,539. There are 112 employees at Rainbow Montessori Inc.
Here are 2 key members and their salaries:
- Compensation: $163,022
- Related: $0
- Other: $0
- Compensation: $108,810
- Related: $0
- Other: $0
Where can I find the form 990 for Rainbow Montessori Inc?
Rainbow Montessori Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rainbow Montessori Inc
Rainbow Montessori Inc, as a nonprofit organization, is dedicated to delivering top-notch childcare and education tailored to the unique needs of preschool-aged children up to six years old. Their mission is to offer an individualized learning experience, ensuring each enrolled child receives the attention and support they require to thrive. By committing to this approach, Rainbow Montessori Inc strives to provide a high-quality educational environment that caters to the individual capabilities and interests of each child.
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Impact
October, 2024
Rainbow Montessori Inc significantly enhances the early educational experience for children from preschool through age six in Clifton, NJ. By focusing on high-quality childcare and education, the organization tailors its approach to meet the unique needs of each child, fostering an environment where young learners can thrive. This individualized attention supports the holistic development of children, ensuring they gain foundational skills and knowledge that will benefit them throughout their educational journey. With a commitment to excellence, Rainbow Montessori contributes to the community by cultivating a nurturing and engaging atmosphere that empowers young minds and lays the groundwork for lifelong learning.
This information is meant to be a general summary of Rainbow Montessori 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: $2,747,528
- Gross Receipts: $2,747,528
Assets and Liabilities:
- Total Assets: $892,210
- Total Liabilities: $54,916
- Net Assets: $837,294
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$2,747,528
Organization Details
Phone
(973) 772-2330Principal Officer
Jacqueline Licata Alectoridis
Main Address
22 VARETTONI PLACE, CLIFTON, NJ, 07011
NTEE Category
Code: B21Z - Education
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