Overview
What is Friends Child Care Center?
Friends Child Care Center is a nonprofit organization situated in Philadelphia, Pennsylvania, dedicated to offering high-quality preschool child care services. Serving approximately 90 children ranging from 3 months to 5 years old, this child day care organization plays a significant role in the community. Their mission revolves around providing a nurturing environment, ensuring the children receive the necessary care and education they need to grow and develop. The Friends Child Care Center operates as a vital resource for families in the area, contributing to the overall well-being of young children in their formative years.
Official website here: www.friendschildcare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (62%)
Friends Child Care Center has received a "Needs Improvement" rating from Charity Navigator, which highlights challenges in certain operational aspects despite a strong performance in accountability and finance. The organization scored 100% in accountability, reflecting a fully independent board, compliance with conflict of interest policies, and good practices in document retention. However, the organization faced significant shortcomings in financial transparency, particularly in the review of financial statements and the posting of tax forms on its website.
The program expense ratio stands favorably at 88.63%, indicating a strong focus on its mission-related activities. The center has managed to allocate a large portion of its resources directly to programs rather than administrative costs. However, the relatively high liabilities to assets ratio of 84.26% raises concerns about its financial health and sustainability, suggesting that the organization may face challenges in covering its obligations.
While Friends Child Care Center exhibits strengths in governance and program funding, the noted deficiencies in financial reporting and transparency may hinder its overall effectiveness and trust with donors. Addressing these issues could enhance its standing and ensure better support for its initiatives in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Child Care Center legitimate?
Friends Child Care Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Child 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: $90,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $624,397
For more financial information, click here
Official website here: www.friendschildcare.org
What is the mission statement of Friends Child Care Center?
Friends Child Care Center is dedicated to offering high-quality preschool child care services to around 90 children ranging from 3 months to 5 years old. As a child day care organization, its mission is to provide a nurturing and stimulating environment that fosters the overall development of each child, supporting their physical, emotional, social, and cognitive growth. The center aims to prepare children for their future educational journey, instilling in them essential life skills and a love for learning. By offering a safe and supportive environment, Friends Child Care Center seeks to contribute positively to each child's formative years, laying a solid foundation for their future success.
Official website here: www.friendschildcare.org
Who is the CEO of Friends Child Care Center?
Raechel O'Neal Coats is the Executive Director of Friends Child Care Center.
Official website here: www.friendschildcare.org
What is the revenue of Friends Child Care Center?
Friends Child Care Center's revenue in 2022 was $1,419,373.
Official website here: www.friendschildcare.org
Who are the executives of Friends Child Care Center and what are their salaries?
The average compensation at Friends Child Care Center during 2022 was $26,478. There are 27 employees and 20 volunteers at Friends Child Care Center.
Here are 10 key members and their salaries:
- Compensation: $83,154
- Related: $0
- Other: $1,336
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.friendschildcare.org
Where can I find the form 990 for Friends Child Care Center?
Friends Child Care Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendschildcare.org
Learn more at the official website: www.friendschildcare.org
Mission Statement of Friends Child Care Center
Friends Child Care Center, as a non-profit organization, is committed to providing high-quality preschool child care services. Its mission is to cater to the needs of approximately 90 children aged between 3 months and 5 years. Operating as a child day care facility, Friends Child Care Center aims to create a nurturing and stimulating environment for these young individuals, fostering their growth and development. By offering preschool child care services, the center plays a vital role in supporting parents and guardians who require reliable care for their children while they attend to their daily responsibilities.
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Impact
October, 2024
Friends Child Care Center serves as a vital support system for families in Philadelphia by providing high-quality preschool child care services to approximately 90 children aged 3 months to 5 years. Its focus on early childhood development helps lay a strong foundation for lifelong learning, personal growth, and social skills in young children.
By creating a nurturing and educational environment, Friends Child Care Center not only fosters cognitive development but also encourages emotional and social skills among children in their formative years. This impact extends to parents as well, who benefit from reliable care that allows them to pursue work or education, knowing their children are in a safe and stimulating setting.
The center's commitment to human services is evident in its efforts to meet the diverse needs of the community it serves. By integrating educational activities with play, Friends Child Care Center promotes creativity and critical thinking, ensuring that children are well-prepared for the transition to formal schooling. Overall, the center plays a crucial role in enhancing early childhood experiences and supporting family stability in the Philadelphia area.
This information is meant to be a general summary of Friends Child 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.
- Investment Income: $290
- Program Service Revenue: $1,081,513
- Gross Receipts: $1,419,833
Assets and Liabilities:
- Total Assets: $798,305
- Total Liabilities: $64,939
- Net Assets: $733,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$1,081,513
Organization Details
Founding Year
1978
Phone
(215) 241-7011Principal Officer
Raechel O'Neal Coats
Main Address
1501 CHERRY STREET, PHILADELPHIA, PA, 19102
Website
www.friendschildcare.orgNTEE Category
Code: P33Z - Human services
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