Overview
What is Grace Covenant Child Development Center?
Grace Covenant Child Development Center is a nonprofit organization located at 1617 Monument Ave, Richmond, VA 23220. Their primary mission is to offer a childcare center for working parents, catering to children from diverse social, economic, and ethnic backgrounds. The center instills Christian values in its students, providing a secure and nurturing environment for their growth and education. The childcare operates Monday through Friday, from 7:30 AM to 6:00 PM, and their curriculum includes both secular and spiritual programs. The center relies on assistance from volunteers, including church members, parents, and community members, who contribute to the music program, birthday celebrations, supply shopping, childcare, facility maintenance, and more. In a typical year, the center serves around 80 students. The Grace Covenant Child Development Center's sole activity revolves around operating this childcare center.
Official website here: www.gracecovenantcdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The Grace Covenant Child Development Center has received a Two-Star out of Four Star rating with an overall score of 73%. This score indicates that while the organization demonstrates some strengths in accountability and finance, there are significant areas in need of improvement, particularly in transparency and documentation.
The organization excels in having a fully independent board with 100% of its members meeting the criteria, which speaks to its governance strength. Additionally, it shows a high commitment to program expenses, allocating nearly all of its resources (99.76%) toward its mission. Moreover, there are no reported instances of material asset diversion, further highlighting the center's financial integrity.
However, the center faces critical weaknesses, particularly in its financial disclosures. The absence of financial statements and key policies, such as a whistleblower policy and a document retention policy, has adversely impacted its rating. The lack of posted tax forms on its website also raises concerns about transparency, which is essential for stakeholder trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Covenant Child Development Center legitimate?
Grace Covenant Child Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Covenant Child Development Center 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: $74,724
Professional Fundraising Fees: $0
Other Salaries and Wages: $693,228
For more financial information, click here
Official website here: www.gracecovenantcdc.com
What is the mission statement of Grace Covenant Child Development Center?
The Grace Covenant Child Development Center's mission is centered around providing a childcare facility for working parents, catering to children from diverse social, economic, and ethnic backgrounds. The primary objective is to instill the values of a Christian life within these children, fostering an environment that is both loving and nurturing, while also focusing on their education. The childcare center operates from Monday to Friday, and its operations are primarily dedicated to this mission, with an average enrollment of around 80 students annually. A variety of secular and Christian educational programs are offered, and the center relies on assistance from volunteers from the community, Grace Covenant Church, and the parents of the enrolled children.
Official website here: www.gracecovenantcdc.com
Who is the CEO of Grace Covenant Child Development Center?
Nelson Reveley is the Executive Director (New) of Grace Covenant Child Development Center.
Official website here: www.gracecovenantcdc.com
What is the revenue of Grace Covenant Child Development Center?
Grace Covenant Child Development Center's revenue in 2022 was $1,092,574.
Official website here: www.gracecovenantcdc.com
Who are the executives of Grace Covenant Child Development Center and what are their salaries?
The average compensation at Grace Covenant Child Development Center during 2022 was $11,815. There are 65 employees and 25 volunteers at Grace Covenant Child Development Center.
Here are 13 key members and their salaries:
- Compensation: $57,762
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- Other: $0
- Compensation: $16,962
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- Other: $0
Official website here: www.gracecovenantcdc.com
Where can I find the form 990 for Grace Covenant Child Development Center?
Grace Covenant Child Development Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gracecovenantcdc.com
Learn more at the official website: www.gracecovenantcdc.com
Mission Statement of Grace Covenant Child Development Center
Grace Covenant Child Development Center is dedicated to serving as a childcare center for working parents, offering a nurturing and educational environment for children from diverse backgrounds. The center's primary mission is to instill the values of a Christian life in these children, fostering their growth and development in a loving and supportive atmosphere. The childcare center operates Monday through Friday, from 7:30 AM to 6:00 PM, and it relies on volunteers from Grace Covenant Church, parents, and the local community to assist with various programs and activities. These include music classes, celebrating birthdays, supplying necessities, aiding the children, and maintaining the facility. The childcare center caters to approximately 80 students annually, with a focus on providing both secular and Christian educational programs.
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Impact
October, 2024
Grace Covenant Child Development Center significantly impacts the lives of children and families in Richmond, VA, by providing a nurturing and educational environment for working parents. The center focuses on imparting the values of a Christian life while accommodating children from diverse social, economic, and ethnic backgrounds. With an average enrollment of approximately 80 students, it fosters a strong sense of community among families and the surrounding neighborhood.
Operating five days a week, the center offers both secular and Christian educational programs tailored to meet the developmental needs of young children. Its dedicated volunteers, including members of Grace Covenant Church and parents, are instrumental in enhancing the experiences of the children, contributing to activities such as music programs, celebrations, and facility maintenance, which enrich the overall atmosphere of learning and growth.
By prioritizing love, safety, and education, Grace Covenant Child Development Center not only supports the immediate needs of working families but also cultivates a foundation for holistic development in young children, empowering them to embrace their values and thrive in a supportive community.
This information is meant to be a general summary of Grace Covenant Child Development Center. 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: $1,085,983
- Gross Receipts: $1,092,574
Assets and Liabilities:
- Total Assets: $814,140
- Total Liabilities: $11,366
- Net Assets: $802,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$1,081,952
Registration
Revenue
$2,250
Misc Charges
Revenue
$3,400
Customer Refunds
Revenue
-$1,995
Grants, Donations, Fundraisers
Revenue
$280
Organization Details
Founding Year
2003
Phone
(804) 213-0200Principal Officer
Nelson Reveley
Main Address
1617 Monument Ave, Richmond, VA, 23220
Website
www.gracecovenantcdc.comNTEE Category
Code: P33 - Human services
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