Overview
What is Ocean Avenue Child Development Preschool Center Inc?
Ocean Avenue Child Development Preschool Center Inc is a nonprofit organization situated in Jersey City, New Jersey, specifically at 493 Ocean Avenue. Their primary mission revolves around supporting the needs of children from low-income families, offering both nutritious meals and early childhood education. They generate funds for these initiatives through revenue from their food program and additional sources like rentals and other income streams. The organization currently has a small workforce of two dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Ocean Avenue Child Development Preschool Center Inc has achieved a commendable 94% rating from Charity Navigator, reflecting strong performance in accountability and finance. The high score is indicative of the organization’s effective management of resources and financial health, demonstrating a low liabilities to assets ratio of 4.38%. With program expenses comprising a substantial 95.60% of total expenditures, the organization prioritizes its mission-driven activities.
The nonprofit also excels in governance practices, with an independent board consisting of 10 members, all of whom are noted as independent. This structure contributes to transparency and effective oversight, with all relevant policies such as conflict of interest and whistleblower policies well-documented and adhered to. The organization also maintains thorough documentation of board meeting minutes, further enhancing its accountability.
Overall, Ocean Avenue Child Development Preschool Center Inc showcases a strong commitment to responsible financial management and effective governance. The absence of any material asset diversions highlights its integrity and dedication to its mission, although further information on program impact would provide a more comprehensive understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Avenue Child Development Preschool Center Inc legitimate?
Ocean Avenue Child Development Preschool Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Avenue Child Development Preschool 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: $976
Other Salaries and Wages: $23,471
For more financial information, click here
What is the mission statement of Ocean Avenue Child Development Preschool Center Inc?
Ocean Avenue Child Development Preschool Center Inc is committed to providing meals and early childhood education to children from low-income families. This mission is carried out through their day-to-day activities, which involve offering nourishing meals and educational programs to children who come from economically disadvantaged backgrounds. The center accomplishes this by leveraging revenue from its food program and other sources like rentals, ensuring that essential services are accessible to these children. The center's primary goal is to contribute to the overall development of these children, enabling them to lay a solid foundation for their future.
Who is the CEO of Ocean Avenue Child Development Preschool Center Inc?
Carol Gilliard is the Executive Dir. of Ocean Avenue Child Development Preschool Center Inc.
What is the revenue of Ocean Avenue Child Development Preschool Center Inc?
Ocean Avenue Child Development Preschool Center Inc's revenue in 2022 was $463,274.
Who are the executives of Ocean Avenue Child Development Preschool Center Inc and what are their salaries?
The average compensation at Ocean Avenue Child Development Preschool Center Inc during 2022 was $11,736. There are 2 employees at Ocean Avenue Child Development Preschool Center Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Ocean Avenue Child Development Preschool Center Inc?
Ocean Avenue Child Development Preschool Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ocean Avenue Child Development Preschool Center Inc
Ocean Avenue Child Development Preschool Center Inc is committed to providing essential services for children from low-income families. At the heart of its mission, this organization offers both nutritious meals and early childhood education. By doing so, it aims to empower these children and their families, laying a strong foundation for their future development. The preschool's operations are sustained by revenue generated from its food program and other sources, including rental income. This nonprofit's dedication to nourishing and educating young minds from underprivileged backgrounds is a testament to its enduring commitment to fostering a brighter future for these children.
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Impact
July, 2024
Ocean Avenue Child Development Preschool Center Inc's impact is evident through its vital provision of meals and early childhood education to children from low-income families in Jersey City, NJ. By offering these essential services, the center plays a crucial role in supporting the development and well-being of the community's most vulnerable children. This support not only contributes to the individual growth of each child but also helps to alleviate the financial burden on their families. Overall, the center's efforts serve as a cornerstone in promoting equity and access to quality education and nutrition for all children in need.
This information is meant to be a general summary of Ocean Avenue Child Development Preschool 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.
- Investment Income: $78
- Program Service Revenue: $367,100
- Gross Receipts: $463,274
Assets and Liabilities:
- Total Assets: $1,271,461
- Total Liabilities: $55,727
- Net Assets: $1,215,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Day Care Program
Revenue
$60,472
Food Program Revenues
Revenue
$306,628
Organization Details
Founding Year
1999
Phone
(201) 369-9991Principal Officer
Carol Gilliard
Main Address
493 Ocean Avenue, Jersey City, NJ, 07305
NTEE Category
Code: P33 - Human services
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