Overview
What is Somersworth Early Learning Center?
Somersworth Early Learning Center is a nonprofit organization situated in Somersworth, New Hampshire, specifically at 35 Bartlett Avenue. The primary purpose of this institution is to offer affordable child care services to families who require this assistance, as well as to children under protective services. With a workforce of 16 dedicated individuals, the center provides a vital service to working families, enabling them to maintain employment while ensuring their children receive quality care. The center's mission is deeply rooted in the well-being and support of families, offering an essential resource in the community.
Official website here: www.graniteymca.org/child-care
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
Somersworth Early Learning Center has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating is based entirely on a single beacon score, indicating that the organization excels in financial management and transparency. Key strengths include the presence of a completely independent board, which is crucial for unbiased governance, and strong policies related to conflict of interest and whistleblowing.
The organization has demonstrated good financial health with a material diversion of assets rated at none, indicating that resources are being utilized appropriately. Their liabilities to assets ratio stands at 50.03%, suggesting a balanced approach to managing debts relative to their assets. Furthermore, their program expense ratio is high at 84.28%, highlighting a strong commitment to directing funds towards programmatic activities rather than administrative costs.
However, while the rating is commendable, it relies solely on financial metrics, and users may want to consider other qualitative factors such as community impact and program effectiveness, which are not reflected in this score. Overall, Somersworth Early Learning Center appears to be a financially responsible and well-governed organization, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Somersworth Early Learning Center legitimate?
Somersworth Early Learning Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somersworth Early Learning 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $555,112
For more financial information, click here
Official website here: www.graniteymca.org/child-care
What is the mission statement of Somersworth Early Learning Center?
The Somersworth Early Learning Center's mission is centered around providing affordable child care services, catering to families who are employed. Their primary objective is to ensure accessible and affordable child care, benefiting both the working parents and children under protective services. The center aims to contribute positively to the well-being of these families by providing a supportive environment for their children during their work hours.
Official website here: www.graniteymca.org/child-care
Who is the CEO of Somersworth Early Learning Center?
Robert Silva is the Chair of Somersworth Early Learning Center.
Official website here: www.graniteymca.org/child-care
What is the revenue of Somersworth Early Learning Center?
Somersworth Early Learning Center's revenue in 2022 was $946,910.
Official website here: www.graniteymca.org/child-care
Who are the executives of Somersworth Early Learning Center and what are their salaries?
The average compensation at Somersworth Early Learning Center during 2022 was $34,694. There are 16 employees and 6 volunteers at Somersworth Early Learning Center.
Here are 6 key members and their salaries:
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Official website here: www.graniteymca.org/child-care
Where can I find the form 990 for Somersworth Early Learning Center?
Somersworth Early Learning Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.graniteymca.org/child-care
Learn more at the official website: www.graniteymca.org/child-care
Mission Statement of Somersworth Early Learning Center
Somersworth Early Learning Center, a nonprofit organization, is dedicated to providing an essential service for working families. Their mission lies in offering affordable child care services, ensuring that parents can maintain their employment while their children are well-cared for. The center also extends its services to children under protective services, demonstrating its commitment to supporting vulnerable families. By providing affordable child care, Somersworth Early Learning Center contributes to the overall well-being of families, enabling them to balance their professional and personal lives more effectively.
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Impact
October, 2024
Somersworth Early Learning Center plays a crucial role in supporting working families by providing affordable child care services. This impact allows parents to pursue their careers and maintain stability in their households, knowing their children are in a safe, nurturing environment. The center also caters to children under protective services, further extending its support to vulnerable populations. By fostering early childhood education and care, the center contributes to the healthy development of children, equipping them with foundational skills that benefit their growth and future learning. In doing so, the organization not only alleviates the challenges of child care for families but also strengthens the community by enabling parents to engage fully in their work and personal lives.
This information is meant to be a general summary of Somersworth Early Learning 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: $401,395
- Gross Receipts: $946,910
Assets and Liabilities:
- Total Assets: $852,045
- Total Liabilities: $426,338
- Net Assets: $425,707
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and admission
Revenue
$401,395
Organization Details
Founding Year
1973
Phone
(603) 692-2081Principal Officer
Robert Silva
Main Address
35 Bartlett Avenue, Somersworth, NH, 03878
NTEE Category
Code: P33 - Human services
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