Overview
What is Sandia Child Development Centerinc?
Sandia Child Development Centerinc is a nonprofit organization situated in Albuquerque, New Mexico, specifically at 2433 Chelwood Park Blvd NE. Its primary mission is to offer high-quality preschool education to children at a cost that is 10-20% lower than the national average. This affordable option aims to cater to families who may struggle with the expenses associated with childcare. The center receives financial assistance from both the state and federal sources to support low-income families and provides daily nutrition for the children under its care. With a workforce of around 30 employees, the center operates under the name of Sandia Learning Center. The center's overall objective is to ensure that families have a secure and cost-effective childcare solution for their young ones.
Official website here: www.sandialearningcenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star Rating.
Sandia Child Development Centerinc has received a moderate rating, reflecting a mixed performance in accountability and financial practices. While the organization boasts a fully independent board of directors, it has weaknesses in financial transparency, particularly concerning the availability of financial statements and documentation of board meeting minutes.
Strengths of the organization include a high program expense ratio of 93.17%, indicating that a large portion of its funds is directed towards its programs. Additionally, the charity demonstrates effective governance with robust policies regarding conflicts of interest. However, the absence of important documentation such as a whistleblower policy and the failure to publicly post its tax forms are significant limitations that could impact stakeholder trust and oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Sandia Child Development Centerinc legitimate?
Sandia Child Development Centerinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sandia Child Development Centerinc 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: $369,427
For more financial information, click here
Official website here: www.sandialearningcenter.com
What is the mission statement of Sandia Child Development Centerinc?
The Sandia Child Development Centerinc's mission is centered around providing affordable and safe preschool options for families. By keeping costs 10-20% below the national average, the center aims to make high-quality childcare accessible. In addition, the center receives financial assistance for families who cannot afford daycare costs, and it benefits the community at large by offering lower daycare rates compared to national chains. Furthermore, the center receives daily nutrition support through federal assistance.
Official website here: www.sandialearningcenter.com
Who is the CEO of Sandia Child Development Centerinc?
Lorena Foust is the Secretary/Tr of Sandia Child Development Centerinc.
Official website here: www.sandialearningcenter.com
What is the revenue of Sandia Child Development Centerinc?
Sandia Child Development Centerinc's revenue in 2022 was $671,256.
Official website here: www.sandialearningcenter.com
Who are the executives of Sandia Child Development Centerinc and what are their salaries?
The average compensation at Sandia Child Development Centerinc during 2022 was $12,314. There are 30 employees at Sandia Child Development Centerinc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sandialearningcenter.com
Where can I find the form 990 for Sandia Child Development Centerinc?
Sandia Child Development Centerinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sandialearningcenter.com
Learn more at the official website: www.sandialearningcenter.com
Mission Statement of Sandia Child Development Centerinc
Sandia Child Development Centerinc is committed to providing an affordable and safe preschool option for families, charging costs that are 10-20% below the national averages. This mission is in place to cater to families who may struggle with the high costs associated with childcare. The center receives financial assistance from both state and federal sources to support those families who cannot afford the daycare costs. Moreover, the daycare costs to the community at large are significantly lower than those of national daycare chains, making it an affordable alternative for many families. In essence, Sandia Child Development Centerinc seeks to make quality early childhood education accessible and affordable for families, ensuring their children have a nurturing and secure environment for learning and growth.
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Impact
July, 2024
Sandia Child Development Centerinc's impact is profound in the community of Albuquerque, NM. By providing children's preschool at costs 10-20% below the national averages, they offer families a safe and affordable option for their childcare needs. This ensures that all children have access to quality early education regardless of their family's financial situation. Additionally, the center's receipt of state financial assistance and federal assistance for daily nutrition further supports families who may struggle to afford daycare costs. Notably, the daycare costs to the community at large are significantly lower compared to national chains, making quality childcare more accessible for all families in the area.
This information is meant to be a general summary of Sandia Child Development Centerinc. 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: -$557
- Program Service Revenue: $532,303
- Gross Receipts: $881,452
Assets and Liabilities:
- Total Assets: $673,560
- Total Liabilities: $140,506
- Net Assets: $533,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE TUITION PAYMENTS
Revenue
$437,104
STATE FOOD PAYMENTS
Revenue
$33,713
CREDIT CARD PAYMENTS
Revenue
$31,044
CHECK PAYMENTS
Revenue
$14,213
CASH PAYMENTS
Revenue
$10,437
Organization Details
Founding Year
2007
Phone
(505) 296-2548Principal Officer
Lorena Foust
Main Address
2433 CHELWOOD PARK BLVD NE, ALBUQUERQUE, NM, 87112
Website
www.sandialearningcenter.comNTEE Category
Code: B21 - Education
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