Overview
What is New Beginnings Preschool And Child Care Inc?
New Beginnings Preschool And Child Care Inc, located in Milford, Indiana, is a nonprofit organization devoted to early education services. With a team of 19 dedicated individuals, they offer a Reggio-Emilia inspired program that encourages pre-school and elementary-aged children to develop into lifelong learners by engaging in play. Their mission is to instill a love for exploration and discovery, fostering an environment where children can grow and thrive. The organization's reach extends to the local community, providing a nurturing and stimulating atmosphere for young minds.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
New Beginnings Preschool And Child Care Inc holds a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The organization has a low score of 50%, reflecting critical areas of governance that are lacking, particularly in independent board membership and essential policies. The absence of a conflict of interest policy, a whistleblower policy, and documentation practices raises questions about transparency and operational integrity.
On a positive note, the preschool demonstrates strong financial management with a program expense ratio of 91.39%, meaning that a substantial portion of its funds is directed toward its programs rather than overhead costs. Additionally, it has a low liabilities to assets ratio of 0.74%, suggesting that the organization maintains a stable financial position relative to its assets.
However, the significant shortcomings in governance practices, such as the complete lack of independent board members and missing vital policies and documentation, could hinder the organization's ability to effectively serve its mission. Stakeholders may want to consider these factors when evaluating their support for New Beginnings Preschool And Child Care Inc.
This AI summary has been generated from information found on Charity Navigator.
Is New Beginnings Preschool And Child Care Inc legitimate?
New Beginnings Preschool And Child Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Beginnings Preschool And Child Care 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: $261,037
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What is the mission statement of New Beginnings Preschool And Child Care Inc?
New Beginnings Preschool and Child Care Inc embraces a Reggio-Emilia inspired early education program. This approach encourages children to develop into lifelong learners by stimulating their curiosity and fostering investigation through play. The institution's mission is centered around nurturing pre-school and elementary-aged children, providing them with a solid foundation for educational growth.
Who is the CEO of New Beginnings Preschool And Child Care Inc?
Darius Samz is the Board Member of New Beginnings Preschool And Child Care Inc.
What is the revenue of New Beginnings Preschool And Child Care Inc?
New Beginnings Preschool And Child Care Inc's revenue in 2022 was $601,355.
Who are the executives of New Beginnings Preschool And Child Care Inc and what are their salaries?
The average compensation at New Beginnings Preschool And Child Care Inc during 2022 was $13,739. There are 19 employees at New Beginnings Preschool And Child Care Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for New Beginnings Preschool And Child Care Inc?
New Beginnings Preschool And Child Care Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Beginnings Preschool And Child Care Inc
New Beginnings Preschool and Child Care Inc is committed to fostering a Reggio-Emilia inspired early education program. This approach encourages children to develop into lifelong learners and investigators, nurturing their natural curiosity through play. The mission of this educational institution is to provide a stimulating environment that supports the holistic growth and development of pre-school and elementary-aged children, instilling in them a love for learning and a sense of inquisitiveness that will stay with them throughout their lives.
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Impact
July, 2024
New Beginnings Preschool And Child Care Inc's impact can be seen in the transformation of young children into lifelong investigators and learners through their Reggio-Emilia inspired early education program. By providing high-quality early education services to preschool and elementary-aged children in Milford, IN, this organization is shaping the future generation with a focus on play-based learning. Their mission to encourage children's curiosity and creativity has a profound impact on the development of young minds, setting a strong foundation for their future academic and personal success.
This information is meant to be a general summary of New Beginnings Preschool And Child Care 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.
- Investment Income: $39
- Program Service Revenue: $193,763
- Gross Receipts: $601,355
Assets and Liabilities:
- Total Assets: $513,147
- Total Liabilities: $1,029
- Net Assets: $512,118
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD CARE FEES
Revenue
$193,763
Organization Details
Phone
(574) 658-9440Principal Officer
Darius Samz
Main Address
706 WEST SYRACUSE STREET, MILFORD, IN, 46542
NTEE Category
Code: P33 - Human services
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