Overview
What is Chinatown Day Care Center Inc?
Chinatown Day Care Center Inc, located in the heart of New York City at 35-37 Division Street, is a nonprofit organization dedicated to serving young children and their families. With a team of 27 dedicated individuals, the center offers UPK services to 41 four-year-olds. Their primary mission revolves around providing daycare services and engaging in after-school activities, ensuring a nurturing and stimulating environment for the children they serve. The center's activities are focused on fostering the overall growth and development of the children, contributing positively to the community in the bustling neighborhood of Chinatown.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Chinatown Day Care Center Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored a total of 94%, with its overall score derived entirely from its accountability and finance metrics. Such a high rating highlights the center's commitment to responsible financial management and transparency.
One of the strengths of Chinatown Day Care Center Inc is its governance structure, with 100% of its board members being independent. This ensures that the organization maintains a high level of objectivity and accountability in its decision-making processes. Additionally, the organization has demonstrated excellent financial practices, evidenced by a program expense ratio of 97.44%, indicating that a significant majority of funds are directed towards its programs rather than administrative costs.
While the organization shows strong financial health and governance, it is always important for donors and stakeholders to consider the actual impact of its programs in the community. However, the available data does not provide specific insights into program outcomes, which could enhance the understanding of the center's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Chinatown Day Care Center Inc legitimate?
Chinatown Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chinatown Day Care 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $799,044
For more financial information, click here
What is the mission statement of Chinatown Day Care Center Inc?
Chinatown Day Care Center Inc's mission is centered around providing daycare services and after-school programs for children. The organization's primary goal is to ensure the well-being and development of these children during their early years and after school hours. The Center has extended its services to cater to 41 four-year-old children through UPK (Universal Pre-Kindergarten) programs. This suggests a commitment to providing quality early education and care, preparing children for their future academic and social journeys.
Who is the CEO of Chinatown Day Care Center Inc?
Hon Poon Leung is the Treasurer of Chinatown Day Care Center Inc.
What is the revenue of Chinatown Day Care Center Inc?
Chinatown Day Care Center Inc's revenue in 2022 was $1,814,010.
Who are the executives of Chinatown Day Care Center Inc and what are their salaries?
The average compensation at Chinatown Day Care Center Inc during 2022 was $32,742. There are 27 employees at Chinatown Day Care Center Inc.
Here are 10 key members and their salaries:
- Compensation: $85,000
- Related: $0
- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chinatown Day Care Center Inc?
Chinatown Day Care Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chinatown Day Care Center Inc
Chinatown Day Care Center Inc is committed to providing daycare services and after-school programs. This nonprofit organization's mission is centered around catering to the needs of young children, offering them a safe and nurturing environment during the day and after school hours. The Center has demonstrated its dedication by offering UPK services to 41 four-year-old children, indicating its focus on early childhood education and development. By providing these essential services, Chinatown Day Care Center Inc contributes to the well-being and growth of the children it serves, offering them a solid foundation for their future.
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Impact
October, 2024
Chinatown Day Care Center Inc significantly impacts the community by offering essential daycare services and after-school programs that cater to the needs of families in New York City. By providing Universal Pre-Kindergarten (UPK) services to 41 four-year-old children, the Center plays a vital role in early childhood education, laying a strong foundation for the children's future learning and development.
The Center not only supports the educational growth of young children but also alleviates the burden on working parents by offering reliable childcare solutions. This contribution fosters a safe and nurturing environment where children can thrive socially, emotionally, and academically. Additionally, by engaging families in their children's education, the Center promotes community involvement and strengthens familial bonds, making it an integral part of the social fabric of Chinatown and the greater New York area. Overall, Chinatown Day Care Center Inc is a crucial resource that enhances the lives of children and families, positively shaping their futures.
This information is meant to be a general summary of Chinatown Day Care 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: $1,094
- Program Service Revenue: $429,507
- Gross Receipts: $1,814,010
Assets and Liabilities:
- Total Assets: $1,583,886
- Total Liabilities: $122,604
- Net Assets: $1,461,282
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition Fee
Revenue
$429,507
Organization Details
Founding Year
1984
Principal Officer
Hon Poon Leung
Main Address
35-37 Division Street, New York, NY, 10002
NTEE Category
Code: P33Z - Human services
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