Overview
What is Early Years Development Center Inc?
The Early Years Development Center Inc is a nonprofit organization committed to offering comprehensive child care services. Their primary focus is on providing full-time care for children aged six months to five years, ensuring a nurturing environment during their formative years. Additionally, they extend their services to children up to twelve years old through after-school programs. The center aims to support the growth and development of these young minds, providing a safe and stimulating environment for them to learn and grow.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45%, Zero-Star out of Four Star rating.
Early Years Development Center Inc has received a low rating due to significant concerns regarding its accountability and financial practices. The organization scored 0% for having independent board members and has not provided financial statements, which is crucial for transparency. While it has a conflict of interest policy and maintains documentation of board meeting minutes, other essential governance aspects like a whistleblower policy and tax form publication are missing.
Despite these shortcomings, the organization does show a high program expense ratio of 96.87%, indicating that a large portion of its expenses is directed towards its programs rather than administrative costs. However, the liabilities to assets ratio is concerning at 330.25%, suggesting potential financial instability. The charity's lack of website presence on its tax form and other transparency issues further compound concerns around its governance and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Early Years Development Center Inc legitimate?
Early Years Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Early Years Development 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: $367,634
For more financial information, click here
What is the mission statement of Early Years Development Center Inc?
The Early Years Development Center Inc's mission is centered around providing comprehensive child care services. Specifically, they offer full-time care for children aged six months to five years, and after-school care for children up to twelve years old. Their mission can be interpreted as an commitment to support the development and well-being of these young individuals during their formative years, providing a safe and nurturing environment for their growth and learning. The center aims to foster a holistic development of these children, ensuring their emotional, physical, and intellectual needs are met during their time in their care.
Who is the CEO of Early Years Development Center Inc?
Lawrence Baxter is the Ceo of Early Years Development Center Inc. The CEO's salary of Early Years Development Center Inc is $0 and their total compensation is $0.
What is the revenue of Early Years Development Center Inc?
Early Years Development Center Inc's revenue in 2022 was $585,532.
Who are the executives of Early Years Development Center Inc and what are their salaries?
The average compensation at Early Years Development Center Inc during 2022 was $15,318. There are 24 employees at Early Years Development Center Inc.
Here are 2 key members and their salaries (Early Years Development Center Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Early Years Development Center Inc?
Early Years Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Early Years Development Center Inc
Early Years Development Center Inc is committed to providing comprehensive child care services. Their mission, as stated, is twofold. Firstly, they offer full-time care for children between the ages of six months and five years. Secondly, they extend their services to cater to school-aged children, up to twelve years old, after school hours. By doing so, Early Years Development Center Inc aims to support both the early developmental stages and the educational needs of young children, providing a holistic approach to child care.
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Impact
July, 2024
Early Years Development Center Inc's impact can be seen in the lives of young children and their families in Philadelphia, PA. By providing full-time child care services for children as young as six months old up to twelve years old, the center plays a crucial role in supporting working parents and promoting the healthy development of young minds. Through their mission to offer a safe and nurturing environment for children to learn and grow, Early Years Development Center Inc positively impacts the community by enabling parents to work with peace of mind and children to thrive in a supportive educational setting.
This information is meant to be a general summary of Early Years Development 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.
- Program Service Revenue: $585,532
- Gross Receipts: $585,532
Assets and Liabilities:
- Total Assets: $114,311
- Total Liabilities: $377,519
- Net Assets: -$263,208
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICES
Revenue
$585,532
Organization Details
Founding Year
2006
Phone
(215) 730-0173Principal Officer
Lawrence Baxter
Main Address
6901 WOODLAND AVENUE, PHILADELPHIA, PA, 19142
NTEE Category
Code: P33 - Human services
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