Overview
What is Xyz Cacfp Incorporation?
Xyz Cacfp Incorporation is a nonprofit organization that plays a crucial role in distributing USDA CACFP funds to various daycare centers. Their primary mission is to offer reimbursement services for these centers, ensuring they can operate efficiently. This funding is provided based on the centers' required reporting, and it's a pass-through grant from the USDA CACFP. Furthermore, Xyz Cacfp Incorporation also extends assistance to the National School Lunch Program (NSLP), aiding in its operations. In essence, their role is to facilitate financial support for daycare centers and contribute to the overall well-being of children through the NSLP.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Xyz Cacfp Incorporation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board, it falls short in several key areas such as financial reporting and the availability of essential documents on its website. The absence of a comprehensive financial statement review or compilation further detracts from its accountability.
Despite these shortcomings, the nonprofit demonstrates strengths in its program expense ratio, showing that a substantial portion of its funds directly supports its programs. The organization also maintains a conflict of interest policy, a whistleblower policy, and has documented board meeting minutes, which are positive indicators of governance practices. However, the lack of online access to financial documents and tax forms raises questions about transparency.
Overall, while Xyz Cacfp Incorporation is committed to its programs, its low rating reflects serious gaps in financial reporting and transparency that could impact donor trust and support. Improvements in these areas would be critical for enhancing its overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Xyz Cacfp Incorporation legitimate?
Xyz Cacfp Incorporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Xyz Cacfp Incorporation 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: $0
For more financial information, click here
What is the mission statement of Xyz Cacfp Incorporation?
Xyz Cacfp Incorporation's primary mission is to distribute USDA CACFP funds to daycare centers, allocated based on their reporting requirements. The organization serves as an intermediary, passing through grants from the USDA CACFP to these centers. Additionally, it provides reimbursement services for daycare operations and assists in implementing the National School Lunch Program (NSLP). Essentially, Xyz Cacfp Incorporation facilitates financial support for daycare centers, ensuring they can provide nutritious meals to children through the NSLP.
Who is the CEO of Xyz Cacfp Incorporation?
Jesus I Martinez is the President of Xyz Cacfp Incorporation.
What is the revenue of Xyz Cacfp Incorporation?
Xyz Cacfp Incorporation's revenue in 2022 was $3,694,225.
Who are the executives of Xyz Cacfp Incorporation and what are their salaries?
There are 2 employees at Xyz Cacfp Incorporation.
Here are 2 key members and their salaries:
- Compensation: $110,000
- Related: $0
- Other: $0
- Compensation: $104,500
- Related: $0
- Other: $0
Where can I find the form 990 for Xyz Cacfp Incorporation?
Xyz Cacfp Incorporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Xyz Cacfp Incorporation
Xyz Cacfp Incorporation, a nonprofit organization, is committed to distributing USDA CACFP funds to various daycare centers. This distribution is based on the centers' reporting requirements, ensuring that they receive the necessary financial support for their operations. Beyond this, the organization serves as a reimbursement service provider for the National School Lunch Program (NSLP), further supporting these daycare centers. Additionally, Xyz Cacfp Incorporation acts as a conduit, passing through USDA CACFP grants to these centers. By providing these services, the organization aims to assist daycare centers in their operations, ultimately benefiting the children under their care.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Xyz Cacfp Incorporation plays a vital role in the distribution of USDA CACFP funds to various centers, ensuring that they receive the financial support necessary for their operations. By facilitating the flow of these funds, the organization assists daycare centers in providing nutritious meals to children, which is crucial for their development and well-being.
Through its reimbursement service for daycare operations via the National School Lunch Program (NSLP), Xyz Cacfp Incorporation helps streamline the funding process, making it easier for centers to access the resources they need. This support not only bolsters the financial stability of daycare facilities but also enhances the quality of care and nutrition they can offer to children.
Operating in Mission, TX, the organization's commitment to distributing these funds based on required center reporting ensures transparency and accountability. By serving as a pass-through grant facilitator from USDA CACFP to centers, Xyz Cacfp Incorporation strengthens the network of support for early childhood education and care providers, fostering a healthier environment for families in the community.
This information is meant to be a general summary of Xyz Cacfp Incorporation. 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: $412,511
- Gross Receipts: $3,694,225
Assets and Liabilities:
- Total Assets: $613,575
- Total Liabilities: $482,073
- Net Assets: $131,502
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CENTER 5 MAINTENANCE FEE
Revenue
$412,511
Organization Details
Founding Year
2009
Phone
(956) 244-6833Principal Officer
Jesus I Martinez
Main Address
1122 N CONWAY AVE, MISSION, TX, 785724103
NTEE Category
Code: P99 - Human services
If you are a representative of Xyz Cacfp Incorporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.