Overview
What is Covesville Child Development Center?
The Covesville Child Development Center, situated in Covesville, Virginia, is a dedicated childcare facility. Its primary objective is to offer quality childcare services to the community. By focusing on providing childcare, the center aims to support families and contribute to the overall well-being of young children. It is essential to note that this information does not provide details about the center's size, affiliations, or additional programs, but the core mission is evident in its provision of childcare services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
Covesville Child Development Center has achieved a solid rating of 87%, indicating a commendable level of accountability and financial health. The organization boasts a high Program Expense Ratio of 95.96%, ensuring that the majority of its resources are directed towards its mission. Additionally, it has a strong governance structure, with 66% of its board members being independent, contributing to effective oversight.
The charity has no recorded material diversions of assets, reflecting a commitment to transparency and responsible management. It maintains comprehensive policies regarding conflict of interest and document retention, which are important for maintaining trust with donors and stakeholders. The organization’s low liabilities to assets ratio of 16.91% also suggests a stable financial position.
While the overall rating is positive, it is worth noting that the Three-Star rating indicates room for improvement. Strengthening their financial practices and enhancing organizational effectiveness could further benefit the Covesville Child Development Center in fulfilling its mission. Overall, the nonprofit demonstrates a strong foundation and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Covesville Child Development Center legitimate?
Covesville Child Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covesville 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: $42,303
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,339
For more financial information, click here
What is the mission statement of Covesville Child Development Center?
The Covesville Child Development Center, functioning as a child daycare, is dedicated to its mission of providing quality care for children. This mission is centered around ensuring the well-being and development of the young attendees, offering them a nurturing and stimulating environment during their formative years. The center aims to support the overall growth of the children, helping them to learn, play, and thrive under its care.
Who is the CEO of Covesville Child Development Center?
Katherine M Cashatt is the Foundation M of Covesville Child Development Center.
What is the revenue of Covesville Child Development Center?
Covesville Child Development Center's revenue in 2022 was $213,702.
Who are the executives of Covesville Child Development Center and what are their salaries?
The average compensation at Covesville Child Development Center during 2022 was $30,728. There are 5 employees at Covesville Child Development Center.
There is 1 key member and their salary:
- Compensation: $42,303
- Related: $0
- Other: $0
Where can I find the form 990 for Covesville Child Development Center?
Covesville Child Development Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Covesville Child Development Center
Covesville Child Development Center, a esteemed child daycare center, is dedicated to fulfilling its mission of providing child care. This mission is a fundamental commitment to ensuring the well-being and development of young children, offering them a safe and nurturing environment where they can grow and learn. The center's primary focus is on catering to the needs of children, providing them with the care they require to thrive.
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Impact
October, 2024
Covesville Child Development Center plays a vital role in the community by offering essential child care services. Its mission focuses on providing a nurturing environment where children can thrive, fostering early development and learning. Located in Covesville, VA, the center ensures that children receive quality care and education, which supports their emotional, social, and cognitive growth. This foundational service allows families to pursue work and other commitments with peace of mind, knowing their children are in a safe and supportive setting. The center's impact extends beyond individual families, contributing to the overall well-being of the community by promoting healthy childhood development and enabling parents to engage fully in the workforce.
This information is meant to be a general summary of Covesville 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.
- Investment Income: $321
- Program Service Revenue: $165,581
- Gross Receipts: $213,702
Assets and Liabilities:
- Total Assets: $97,664
- Total Liabilities: $6,122
- Net Assets: $91,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD CARE
Revenue
$165,581
Organization Details
Founding Year
2001
Phone
(434) 245-9133Principal Officer
Katherine M Cashatt
Main Address
PO BOX 123, COVESVILLE, VA, 22931
NTEE Category
Code: P33 - Human services
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