Overview
What is Friendship For Tots Inc?
Friendship For Tots Inc, located at 261 E Lincoln Ave, Mount Vernon, NY 10552, is a nonprofit organization dedicated to serving children from economically disadvantaged families. With a team of 24 employees, their primary mission is to provide daycare services. This mission is essential in supporting these families, ensuring their children receive quality care during their formative years. The organization has a strong focus on this activity, providing daycare services to 175 children, thus playing a significant role in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
Friendship For Tots Inc has earned a solid three-star rating from Charity Navigator, primarily reflecting strong performance in Accountability & Finance. The organization demonstrates a commitment to transparency and good governance, highlighted by an independent board composed entirely of independent members and an effective audit and oversight committee.
Strengths of the organization include a high program expense ratio of 85.21%, indicating that a significant portion of its funds is directed towards its programs and services. Additionally, the charity has established robust policies, including those for conflicts of interest and whistleblower protections, contributing to its overall accountability.
However, while the charity has a good overall score, it falls short in the liabilities to assets ratio, scoring only 4 out of 15 points. This suggests that while it is managing its assets, there may be concerns regarding its financial leverage or capacity to cover its liabilities. Overall, the charity shows dedication to effective management but could enhance its financial health metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Friendship For Tots Inc legitimate?
Friendship For Tots Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship For Tots Inc 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: $558,368
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What is the mission statement of Friendship For Tots Inc?
Friendship For Tots Inc, as an organization, is committed to providing daycare services for children from economically disadvantaged families. Their mission is centered around offering a supportive environment for these children, aiming to contribute positively to their development. The organization's activities are primarily focused on catering to the needs of these children, providing them with a safe and nurturing space during the day. In the past year, Friendship For Tots Inc has successfully served 175 children from such families, demonstrating their dedication and impact in the community.
Who is the CEO of Friendship For Tots Inc?
C Nathan Edwers is the President of Friendship For Tots Inc.
What is the revenue of Friendship For Tots Inc?
Friendship For Tots Inc's revenue in 2022 was $1,047,292.
Who are the executives of Friendship For Tots Inc and what are their salaries?
The average compensation at Friendship For Tots Inc during 2022 was $23,265. There are 24 employees and 15 volunteers at Friendship For Tots Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Friendship For Tots Inc?
Friendship For Tots Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friendship For Tots Inc
Friendship For Tots Inc, as a nonprofit organization, is committed to providing daycare services for children hailing from economically disadvantaged families. The primary mission of this organization is to create an environment where these children can thrive, despite the financial challenges their families may be facing. By offering daycare services, Friendship For Tots Inc aims to support the families in ensuring their children receive the necessary care and attention they need. The organization has successfully served 175 children through its daycare services, providing them with a safe and nurturing environment while their parents work or attend to other responsibilities.
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Impact
October, 2024
Friendship For Tots Inc has a significant impact on the community by providing essential daycare services to 175 children from economically disadvantaged families. By offering a safe and supportive environment, it enables parents to pursue employment and education opportunities, knowing their children are cared for while they are away. This support helps to alleviate some of the stress associated with financial hardships and enhances the overall well-being of both children and their families. In doing so, Friendship For Tots Inc plays a vital role in fostering a nurturing community in Mount Vernon, NY, that prioritizes the development and future success of children in need.
This information is meant to be a general summary of Friendship For Tots Inc. 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: $958,442
- Gross Receipts: $1,047,292
Assets and Liabilities:
- Total Assets: $278,969
- Total Liabilities: $178,779
- Net Assets: $100,190
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE FEES
Revenue
$958,442
Organization Details
Founding Year
2010
Principal Officer
C Nathan Edwers
Main Address
261 E Lincoln Ave, Mount Vernon, NY, 10552
NTEE Category
Code: P33 - Human services
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