Overview
What is Kids Corner Inc?
Kids Corner Inc, located in San Diego, California, is a nonprofit organization dedicated to offering affordable childcare services to children whose parents are employed. With a team of 14 dedicated individuals, the organization's primary mission is to cater to this specific need, ensuring that working parents can maintain their employment while their children receive quality care. The exact location within San Diego is specified as 325 WEST WASHINGTON STREET STE 2 22.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37%, Zero-Star out of Four Star rating.
Kids Corner Inc has received a low rating of 37%, primarily due to shortcomings in its accountability and financial practices. The organization has a majority of its board members being independent, yet only 33% of the members are independent, which raises concerns about governance. Additionally, critical financial documents are missing, contributing to the overall low score in this category.
The organization does have a strong program expense ratio at 88.67%, indicating that a significant portion of its expenses is directed towards its programs. However, the absence of essential policies, such as a conflict of interest policy and a whistleblower policy, further diminishes its accountability. The financial health of the nonprofit is also questionable, with a liabilities to assets ratio of 96.64%, suggesting potential financial instability.
Overall, while Kids Corner Inc demonstrates a commitment to its programming, the lack of transparency and adherence to best practices in governance and financial reporting raises concerns for potential donors and stakeholders. Improvements in these areas are necessary for the organization to enhance its credibility and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Kids Corner Inc legitimate?
Kids Corner Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kids Corner 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: $218,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,226
For more financial information, click here
What is the mission statement of Kids Corner Inc?
Kids Corner Inc is committed to providing an affordable childcare solution for children whose parents are employed. Their mission is focused on making quality childcare services accessible to these families, ensuring that both the children and their parents can thrive. The organization strives to create a nurturing environment where children can learn, play, and grow under the care of dedicated professionals. By offering affordable rates, Kids Corner Inc aims to alleviate some of the financial burdens faced by working parents, making it easier for them to balance their careers and family responsibilities. The organization's mission reflects a strong commitment to supporting families and helping children develop in a safe and supportive setting.
What is the revenue of Kids Corner Inc?
Kids Corner Inc's revenue in 2023 was $728,609.
Who are the executives of Kids Corner Inc and what are their salaries?
The average compensation at Kids Corner Inc during 2023 was $22,408. There are 19 employees and 4 volunteers at Kids Corner Inc.
Here are 6 key members and their salaries:
- Compensation: $111,715
- Related: $0
- Other: $0
- Compensation: $106,810
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Kids Corner Inc?
Kids Corner Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kids Corner Inc
Kids Corner Inc, a nonprofit organization, is committed to providing an affordable childcare solution for children whose parents are employed. The primary mission of Kids Corner Inc is to ensure that working parents have access to quality and affordable childcare services, thereby alleviating any potential financial burdens and enabling them to focus on their professional responsibilities. By offering affordable childcare, Kids Corner Inc contributes to the overall well-being of families, ensuring that their children receive proper care and attention while their parents are away at work.
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Impact
July, 2024
Kids Corner Inc's impact can be seen in the lives of working parents in San Diego, California, who are able to access affordable childcare for their children. By providing this essential service, Kids Corner Inc enables parents to pursue their careers knowing that their children are in a safe and nurturing environment. This organization plays a crucial role in supporting families and contributing to the local community by ensuring that children receive quality care while their parents are at work.
This information is meant to be a general summary of Kids Corner 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 2023.
- Program Service Revenue: $728,609
- Gross Receipts: $728,609
Assets and Liabilities:
- Total Assets: $245,180
- Total Liabilities: $236,966
- Net Assets: $8,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONTHLY TUITION
Revenue
$728,609
Organization Details
Founding Year
1993
Principal Officer
Karin Aquirre
NTEE Category
Code: P33 - Human services
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