Overview
What is Wonder World Child Development Center?
Wonder World Child Development Center is a nonprofit organization situated in Akron, Ohio, specifically at 1360 East Avenue, 44307. Their primary focus is on providing educational and daycare services to toddlers, preschoolers, and school-age children, as well as supporting their families. The center employs a team of 33 individuals, dedicated to serving their community with care and commitment. Their mission is to offer a nurturing environment that fosters learning and growth, ensuring the well-being of the children under their care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
Wonder World Child Development Center has received a 71% rating from Charity Navigator, indicating a moderate level of financial health and accountability. The organization has demonstrated strong governance with a fully independent board, having 75% independent members and a commitment to transparency by documenting board meeting minutes.
The center excels in its program expense ratio, allocating 88.14% of its budget directly to program services, which showcases a focus on its mission. Additionally, there are no reported material diversions of assets, and the organization maintains a low liabilities to assets ratio of 3.72%, reflecting a sound financial position.
Despite these strengths, the overall two-star rating suggests that there may be areas for improvement in financial practices or operational effectiveness. The charity is encouraged to continue enhancing its accountability and finance strategies to achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Wonder World Child Development Center legitimate?
Wonder World Child Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wonder World 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,064
For more financial information, click here
What is the mission statement of Wonder World Child Development Center?
The Wonder World Child Development Center is committed to providing educational and daycare services for the community. Their mission encompasses offering daycare and preschool programs to toddlers, preschoolers, and school-age children, as well as supporting their families. This center aims to contribute positively to the overall development of these young individuals, thereby enriching the community as a whole.
Who is the CEO of Wonder World Child Development Center?
Tyla Sherman is the Director of Wonder World Child Development Center.
What is the revenue of Wonder World Child Development Center?
Wonder World Child Development Center's revenue in 2022 was $1,033,567.
Who are the executives of Wonder World Child Development Center and what are their salaries?
The average compensation at Wonder World Child Development Center during 2022 was $10,578. There are 33 employees at Wonder World Child Development Center.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Wonder World Child Development Center?
Wonder World Child Development Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wonder World Child Development Center
Wonder World Child Development Center is committed to providing educational and daycare services for the community. Their mission, in essence, is to cater to the needs of toddlers, preschoolers, and school-age children, as well as their families, through daycare and preschool services. This nonprofit organization aims to contribute positively to the community by offering a nurturing environment that supports the overall development of young children.
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Impact
October, 2024
Wonder World Child Development Center significantly impacts the Akron community by providing essential educational and daycare services for toddlers, preschoolers, and school-age children. The center creates a nurturing environment that supports early childhood development, helping children gain foundational skills crucial for their future educational journeys.
By offering comprehensive daycare and preschool programs, Wonder World fosters cognitive, social, and emotional growth in young learners. This early intervention is vital, as it prepares children for more structured learning environments, setting them on a path to success. Furthermore, the center actively engages families, ensuring that parents have access to resources and support, which in turn strengthens the community as a whole.
In summary, Wonder World Child Development Center plays a pivotal role in enhancing the quality of life for children and families in Akron, reinforcing the importance of early childhood education and care in building a brighter future for the community.
This information is meant to be a general summary of Wonder World 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: $1,307
- Program Service Revenue: $853,665
- Gross Receipts: $1,036,080
Assets and Liabilities:
- Total Assets: $1,019,371
- Total Liabilities: $38,015
- Net Assets: $981,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR DAY CARE SERV
Revenue
$853,665
Organization Details
Founding Year
1994
Phone
(330) 374-0702Principal Officer
Tyla Sherman
Main Address
1360 EAST AVENUE, AKRON, OH, 44307
NTEE Category
Code: P33Z - Human services
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