Overview
What is Precious Hearts Development Center Inc?
Precious Hearts Development Center Inc, located at 801 N Gavin Street 1, Muncie, IN 47303, is a nonprofit organization primarily focused on providing day care and preschool services for underprivileged children. With a team of 13 dedicated individuals, the center's mission is to extend support to low-income families by offering high-quality childcare and preschool education. By doing so, the center aims to contribute positively to the growth and development of these children, empowering them to reach their full potential. The center's activities and mission are aligned with its objective of promoting early education and holistic development for underprivileged children in the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Precious Hearts Development Center Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in the areas of accountability and finance. The charity's overall score of 67% reflects strengths in several key areas, including a fully independent board and a very low liabilities to assets ratio of 5.59%. Additionally, the organization demonstrates a strong commitment to program expenses, with a ratio of 95.40%, showcasing its focus on mission-related activities.
The organization benefits from a governance structure that includes all independent board members, earning full scores in both board member independence and size. The documentation of board meeting minutes indicates a commitment to transparency and responsible governance practices. However, despite these strengths, the overall score suggests that there are areas needing improvement in financial management and accountability.
While the charity demonstrates strong programmatic efficiency and governance, the Two-Star rating signals potential concerns regarding financial practices that may hinder its overall effectiveness. Stakeholders may want to consider these factors in their evaluation of the organization's impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Precious Hearts Development Center Inc legitimate?
Precious Hearts Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precious Hearts Development Center 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: $263,252
For more financial information, click here
What is the mission statement of Precious Hearts Development Center Inc?
The Precious Hearts Development Center Inc, as a mission, is committed to providing day care and preschool services for underprivileged children. Their objective is to extend these essential educational facilities to families with limited financial resources. The center aims to contribute positively to the development and growth of these children, providing them with a stimulating and nurturing environment. It seeks to empower these children, helping them to build a strong foundation for their future. The center's activities are centered around providing quality care and early education, ensuring that underprivileged children have equal opportunities to learn and grow.
Who is the CEO of Precious Hearts Development Center Inc?
Joyce Ann Marshel is the Principal Officer of Precious Hearts Development Center Inc.
What is the revenue of Precious Hearts Development Center Inc?
Precious Hearts Development Center Inc's revenue in 2022 was $611,465.
Who are the executives of Precious Hearts Development Center Inc and what are their salaries?
The average compensation at Precious Hearts Development Center Inc during 2022 was $20,250. There are 13 employees at Precious Hearts Development Center Inc.
Here are 8 key members and their salaries:
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- Compensation: $48,240
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- Other: $0
- Compensation: $4,343
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- Compensation: $34,020
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Where can I find the form 990 for Precious Hearts Development Center Inc?
Precious Hearts Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Precious Hearts Development Center Inc
Precious Hearts Development Center Inc, a nonprofit organization, is committed to serving underprivileged children by providing them with day care and preschool services. The mission of this center is to extend a helping hand to low-income families, offering them essential child care and preschool education opportunities. By doing so, Precious Hearts Development Center Inc aims to contribute positively to the development and well-being of these children, providing them with a solid foundation for their future.
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Impact
July, 2024
Precious Hearts Development Center Inc's impact lies in providing essential day care and preschool services to underprivileged children in Muncie, IN. By offering these services to low-income families, the organization aims to ensure that all children have access to quality education and care, regardless of their economic circumstances. This support not only benefits the children themselves but also helps their families by providing a safe and nurturing environment for their children to learn and grow.
This information is meant to be a general summary of Precious Hearts Development Center 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.
- Program Service Revenue: $465,991
- Gross Receipts: $611,465
Assets and Liabilities:
- Total Assets: $678,473
- Total Liabilities: $37,927
- Net Assets: $640,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD CARE
Revenue
$465,991
Organization Details
Founding Year
1999
Phone
(765) 287-8785Principal Officer
Joyce Ann Marshel
Main Address
801 N GAVIN STREET 1, MUNCIE, IN, 47303
NTEE Category
Code: P33 - Human services
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