Overview
What is Promote Family Development Centers?
Promote Family Development Centers is a nonprofit organization situated in Chesapeake, Virginia, specifically at 304 Newberry Drive. Their primary mission is to offer childcare and educational services to children from low-income families. With a total of 37 employees, they strive to make a significant impact in their community, providing a nurturing environment for children and supporting their families' needs. The organization's focus is on fostering the growth and development of these children, ultimately contributing to stronger and more stable families in the local area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%
Promote Family Development Centers has received a Two-Star out of Four Star rating from Charity Navigator, indicating a moderate level of performance and accountability. The organization scored 67% overall, with notable strengths in governance, including a fully independent board and a commitment to documenting board meeting minutes. This transparency and independence reflect a solid governance structure, which is critical for maintaining donor trust.
One of the key strengths of Promote Family Development Centers is its fiscal responsibility, highlighted by a low liabilities to assets ratio of 0.30% and a high program expense ratio of 86.92%. This suggests that the majority of its resources are being directed towards its programs and services rather than administrative costs, enhancing its efficiency in fulfilling its mission.
Despite these strengths, the overall score of 67% suggests that there may be areas for improvement within the organization. While the charity demonstrates strong governance and financial accountability, further enhancements in other operational aspects could help elevate its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Promote Family Development Centers legitimate?
Promote Family Development Centers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promote Family Development Centers 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: $53,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $590,288
For more financial information, click here
What is the mission statement of Promote Family Development Centers?
The mission of Promote Family Development Centers, as stated, is to offer childcare and educational services to children from low-income families. This mission is aimed at providing a supportive environment where these children can learn and grow, ensuring they have the same opportunities as their peers from more financially stable backgrounds. The center's activities are geared towards enhancing the overall development of these children, contributing to a more equitable society. The center's mission is not just about childcare but also about education, aiming to foster intellectual growth and prepare these children for their future.
Who is the CEO of Promote Family Development Centers?
David Peterson is the President of Promote Family Development Centers.
What is the revenue of Promote Family Development Centers?
Promote Family Development Centers's revenue in 2023 was $733,115.
Who are the executives of Promote Family Development Centers and what are their salaries?
The average compensation at Promote Family Development Centers during 2023 was $17,405. There are 37 employees at Promote Family Development Centers.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Promote Family Development Centers?
Promote Family Development Centers's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Promote Family Development Centers
Promote Family Development Centers, as its name suggests, is committed to a mission that revolves around providing essential care and education to children from low-income families. This nonprofit organization's primary objective is to create a nurturing environment where these children can learn and grow, ensuring they have a strong foundation for their future. By offering childcare services, Promote Family Development Centers enables parents to focus on their own needs and responsibilities, knowing their children are in capable hands. Furthermore, the center provides educational resources, fostering the children's cognitive development and preparing them for school and beyond.
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Impact
October, 2024
Promote Family Development Centers significantly impacts the community by providing essential childcare and educational services to children from low-income families. Located in Chesapeake, VA, their mission focuses on ensuring that children receive quality early childhood education, which plays a crucial role in their development and future success. By offering accessible childcare options, they enable parents to pursue employment and educational opportunities, fostering economic stability for families. The centers equip children with foundational skills and knowledge, setting them on a path for academic achievement and social development. This service not only supports individual families but also contributes to the overall well-being and prosperity of the community.
This information is meant to be a general summary of Promote Family Development Centers. 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: $703,535
- Gross Receipts: $733,115
Assets and Liabilities:
- Total Assets: $443,800
- Total Liabilities: $1,336
- Net Assets: $442,464
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$693,275
Registration Fee
Childcare
Revenue
$9,955
Organization Details
Founding Year
2003
Phone
(757) 410-1797Principal Officer
David Peterson
Main Address
304 NEWBERRY DR, CHESAPEAKE, VA, 23322
NTEE Category
Code: B21 - Education
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