Overview
What is Thankful Learning Center Inc?
Thankful Learning Center Inc, situated in Philadelphia, Pennsylvania, is a nonprofit organization primarily focused on providing child daycare services. Their mission is uniquely geared towards supporting low-income families, ensuring that quality care is accessible to those who need it most. The center's activities revolve around this mission, offering essential daycare services to this particular demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
Thankful Learning Center Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding the organization’s accountability and financial practices. The overall score of 34% is primarily influenced by its poor performance across various accountability metrics, notably the absence of independent board members, which scored 0%. This lack of independent oversight raises questions about the governance and decision-making processes within the organization.
The organization's financial management shows some positive aspects, such as a favorable liabilities to assets ratio of 0.00%, suggesting that it is not heavily burdened by debt. However, the program expense ratio of 54.72% may indicate inefficiencies in how funds are allocated towards programs, which could hinder the center's overall effectiveness. Furthermore, the organization lacks essential policies such as a conflict of interest policy and a whistleblower policy, which are critical for transparent and ethical operations.
Despite having board meeting minutes documented, the absence of a website link on the tax form and other missing compliance elements point to potential issues in transparency and accountability. These factors collectively contribute to a concerning overall evaluation of Thankful Learning Center Inc, underscoring the need for improvements in governance and financial practices to enhance credibility and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Thankful Learning Center Inc legitimate?
Thankful Learning Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thankful Learning 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: $383,444
For more financial information, click here
What is the mission statement of Thankful Learning Center Inc?
Thankful Learning Center Inc. is committed to providing child daycare services for families with limited financial resources. Their mission, in its essence, is to cater to the daycare needs of these families, ensuring they have access to quality care for their children. The center's operations are geared towards making childcare affordable and accessible to this particular demographic. Although the information does not provide specific details, it's implied that the center aims to maintain a high standard of care while staying sensitive to the financial constraints of its clientele.
Who is the CEO of Thankful Learning Center Inc?
Johnnie Lee Williams is the President of Thankful Learning Center Inc.
What is the revenue of Thankful Learning Center Inc?
Thankful Learning Center Inc's revenue in 2021 was $465,694.
Who are the executives of Thankful Learning Center Inc and what are their salaries?
The average compensation at Thankful Learning Center Inc during 2021 was $29,496. There are 13 employees at Thankful Learning Center Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Thankful Learning Center Inc?
Thankful Learning Center Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Thankful Learning Center Inc
Thankful Learning Center, a nonprofit organization, is dedicated to providing child daycare services for families with limited income. Their mission is centered around offering a nurturing environment that caters specifically to the needs of low-income families, ensuring their children receive quality care and education. By offering child daycare services, Thankful Learning Center aims to support these families, enabling them to maintain their employment and improve their overall living conditions.
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Impact
July, 2024
Thankful Learning Center Inc's impact is significant in providing essential child daycare services to low-income families in Philadelphia, PA. Through its dedicated mission, the center plays a crucial role in supporting families who may not have access to affordable childcare options. By offering quality daycare services, Thankful Learning Center Inc enables parents to work or pursue educational opportunities, ultimately contributing to the economic stability and well-being of these families. In doing so, the center positively impacts the lives of both children and their parents, fostering a nurturing environment that promotes learning and growth.
This information is meant to be a general summary of Thankful Learning 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 2021.
- Investment Income: $28,555
- Program Service Revenue: $303,839
- Gross Receipts: $465,694
Assets and Liabilities:
- Total Assets: $1,179,366
- Total Liabilities: $0
- Net Assets: $1,179,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$303,839
Organization Details
Founding Year
1989
Phone
(215) 226-5544Principal Officer
Johnnie Lee Williams
Main Address
3200-07 NORTH 17TH STREET, PHILADELPHIA, PA, 19140
NTEE Category
Code: B20Z - Education
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