Overview
What is Bermuda Hundred Child Development?
Bermuda Hundred Child Development is a nonprofit organization committed to nurturing and preparing young children. Specifically, they focus on educating and preparing children between the ages of 2 and 5 for their transition into elementary school. Additionally, they offer child care services for children within the same age range, as well as for children up to 12 years old. Their mission is multifaceted, encompassing both educational and caregiving responsibilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
Bermuda Hundred Child Development has received a 33% rating from Charity Navigator, which corresponds to a Zero-Star out of Four Star rating. This low score indicates significant concerns regarding the organization's accountability and financial practices. While the charity demonstrates strong governance with 100% of its board members being independent, various critical policies and transparency measures are lacking, such as a website linked to its tax forms, conflict of interest policies, and whistleblower protections.
The organization has a substantial liabilities-to-assets ratio of 80.66%, indicating potential financial instability. Additionally, the program expense ratio stands at 46.55%, suggesting that less than half of its expenses are directed towards its programs, which raises questions about the efficiency of its resource allocation. While the charity does maintain documented board meeting minutes, the absence of essential financial oversight measures limits its operational integrity.
Overall, while Bermuda Hundred Child Development has some commendable governance practices, the significant deficiencies in transparency, financial health, and lack of essential policies highlight the need for improvement in order to build trust and enhance its effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Bermuda Hundred Child Development legitimate?
Bermuda Hundred Child Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bermuda Hundred Child Development 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: $125,621
Professional Fundraising Fees: $0
Other Salaries and Wages: $545,283
For more financial information, click here
What is the mission statement of Bermuda Hundred Child Development?
Bermuda Hundred Child Development is dedicated to educating and preparing children between the ages of 2 and 5 for their transition into elementary school. Beyond education, the organization also offers child care services for children aged 2 to 12. Their mission is to ensure these young ones receive a solid foundation, preparing them for their future academic endeavors and providing care to cater to their needs outside of school hours.
What is the revenue of Bermuda Hundred Child Development?
Bermuda Hundred Child Development's revenue in 2023 was $1,108,570.
Who are the executives of Bermuda Hundred Child Development and what are their salaries?
The average compensation at Bermuda Hundred Child Development during 2023 was $16,364. There are 41 employees at Bermuda Hundred Child Development.
Here are 5 key members and their salaries:
- Compensation: $55,131
- Related: $0
- Other: $0
- Compensation: $22,944
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $47,546
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bermuda Hundred Child Development?
Bermuda Hundred Child Development's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bermuda Hundred Child Development
Bermuda Hundred Child Development, a renowned organization, is dedicated to educating and preparing children between the ages of 2 and 5 for their transition into elementary school. Beyond this educational focus, the organization also offers child care services for children within the same age range and those up to 12 years old. By providing a nurturing environment and comprehensive educational programs, Bermuda Hundred Child Development aims to equip young learners with the necessary skills and confidence to succeed in their future academic journeys. The organization's commitment extends beyond education, as it also offers child care services to cater to the needs of working families.
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Impact
July, 2024
Bermuda Hundred Child Development's impact is felt deeply in the community as it plays a crucial role in educating and preparing children aged 2-5 for elementary school. Additionally, the organization's provision of childcare services for children aged 2-12 contributes significantly to the well-being of families in the area. Their dedication to education and childcare not only supports the developmental needs of young children but also aids working families by offering a reliable childcare solution. This dual focus on education and childcare directly impacts the lives of children and families in Chester, VA, providing essential support and nurturing environments for growth and learning.
This information is meant to be a general summary of Bermuda Hundred Child Development. 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 2023.
- Program Service Revenue: $1,082,301
- Gross Receipts: $1,108,570
Assets and Liabilities:
- Total Assets: $128,981
- Total Liabilities: $104,044
- Net Assets: $24,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$1,082,301
Organization Details
Founding Year
2016
Principal Officer
Anna Cheney
NTEE Category
Code: B20 - Education
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