Overview
What is Porter's Daycare & Educational Center?
Porter's Daycare & Educational Center is a nonprofit organization situated in the Philadelphia, Pennsylvania, area. Its primary mission is to offer affordable daycare and educational services to children residing in nearby low-income communities. The center's operations involve providing essential learning resources and early education, aiming to contribute positively to the children's development. The center is staffed by a team of 41 dedicated individuals, ensuring a supportive and nurturing environment for the children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Porter's Daycare & Educational Center has received a two-star rating from Charity Navigator, suggesting that there are areas requiring enhancement in their operational and financial practices. The organization boasts a fully independent board, which is a strong governance aspect, alongside robust financial oversight mechanisms, indicating a commitment to accountability.
However, the center's financial health shows some vulnerabilities, particularly with a liabilities to assets ratio of 62.86%, which could raise concerns about its long-term stability. Additionally, the program expense ratio of 58.24% points to a potential inefficiency in allocating resources towards direct services. While they have solid policies in place regarding conflict of interest and document retention, these strengths are somewhat overshadowed by the financial ratios that suggest they may need to reassess their funding strategies and expense management.
Overall, while Porter's Daycare & Educational Center demonstrates strong governance and accountability, significant improvements are required in financial performance to ensure sustainability and better service delivery. Addressing these financial concerns will be crucial for enhancing their rating and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Porter's Daycare & Educational Center legitimate?
Porter's Daycare & Educational Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Porter's Daycare & Educational 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: $142,252
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,683,866
For more financial information, click here
What is the mission statement of Porter's Daycare & Educational Center?
Porter's Daycare & Educational Center is dedicated to serving low-income families by providing affordable daycare and elementary education services to children residing in the surrounding neighborhoods. The center's primary mission is to make quality early childhood education accessible to those who may not be able to afford it otherwise. Through its daycare and schooling services, Porter's Daycare & Educational Center seeks to contribute positively to the community and help children in need achieve their full potential. The center's activities are focused on providing a nurturing environment that promotes learning and growth, ensuring that each child receives the best possible start in life.
Who is the CEO of Porter's Daycare & Educational Center?
Darlene Davis is the Cfo/Prog Dir of Porter's Daycare & Educational Center.
What is the revenue of Porter's Daycare & Educational Center?
Porter's Daycare & Educational Center's revenue in 2023 was $2,793,016.
Who are the executives of Porter's Daycare & Educational Center and what are their salaries?
The average compensation at Porter's Daycare & Educational Center during 2023 was $44,539. There are 41 employees at Porter's Daycare & Educational Center.
Here are 2 key members and their salaries:
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $57,252
- Related: $0
- Other: $0
Where can I find the form 990 for Porter's Daycare & Educational Center?
Porter's Daycare & Educational Center's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Porter's Daycare & Educational Center
Porter's Daycare & Educational Center is committed to providing affordable daycare and educational services to children residing in low-income communities. The nonprofit organization's mission, as stated, is to offer inexpensive daycare services and schooling to the children living in the surrounding neighborhoods. In essence, Porter's Daycare & Educational Center aims to make quality early education and childcare accessible to families who may not be able to afford it otherwise. The organization's activities are geared towards nurturing and educating young minds, preparing them for their future academic endeavors and ultimately, contributing positively to their communities.
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Impact
October, 2024
Porter's Daycare & Educational Center significantly impacts the community by providing affordable daycare and educational services to children from low-income neighborhoods in Philadelphia. By offering low-cost care and schooling, the center plays a crucial role in enhancing early childhood education, ensuring that children have access to quality learning environments that may be otherwise out of reach for their families.
The center serves as a safe haven for children, fostering their social, emotional, and cognitive development. It closes the gap for families who struggle to find affordable options, allowing parents to pursue employment or education with peace of mind. Through its commitment to education and care, Porter's Daycare & Educational Center not only supports the individual growth of each child but also contributes to the overall upliftment of the surrounding community. This foundational support empowers children, helping to break cycles of poverty and promote long-term success in their academic and personal lives.
This information is meant to be a general summary of Porter's Daycare & Educational 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 2023.
- Program Service Revenue: $2,793,016
- Gross Receipts: $2,793,016
Assets and Liabilities:
- Total Assets: $1,180,599
- Total Liabilities: $742,173
- Net Assets: $438,426
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Day Care
Revenue
$2,793,016
Organization Details
Founding Year
1992
Phone
(215) 329-2300Principal Officer
Darlene Davis
Main Address
1434-38 BELFIELD AVENUE, PHILADELPHIA, PA, 19138
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