Overview
What is Fifth City Child Development Institute Inc Prescho?
The Fifth City Child Development Institute Inc Prescho is a nonprofit organization situated in Chicago, Illinois, specifically at 3411 W 5th Ave. Their primary mission is to cater to the educational and daycare needs of 65 children aged between 2 and 6 years old, residing in an economically challenged community. The institute also offers support to the children's parents, ensuring a comprehensive approach to their overall development. Established with a workforce of ten dedicated individuals, the Fifth City Child Development Institute Inc Prescho aims to enhance the lives of these young learners and their families in their area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Stars
The Fifth City Child Development Institute Inc Preschool has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The charity's high score is primarily driven by its exceptional accountability practices, with a perfect score in several key areas including board independence, financial oversight, and conflict of interest policies.
Strengths of the organization include a fully independent board and robust financial management practices, highlighted by a low liabilities-to-assets ratio and a high percentage of expenses directed towards programs. The organization also has effective governance policies in place, such as whistleblower and document retention policies, ensuring transparency and ethical operations.
While the charity demonstrates outstanding financial practices, it is important for potential donors to consider the broader impact of its programs in the community. Continued emphasis on program effectiveness and sustainability will further enhance its positive reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Fifth City Child Development Institute Inc Prescho legitimate?
Fifth City Child Development Institute Inc Prescho is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fifth City Child Development Institute Inc Prescho 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: $69,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $323,564
For more financial information, click here
What is the mission statement of Fifth City Child Development Institute Inc Prescho?
The Fifth City Child Development Institute Inc Prescho's mission is centered around providing preschool education and daycare for 65 children aged between 2 and 6 years old in an economically depressed community. Additionally, they offer support to the parents of these children. Their aim is to contribute positively to the community by equipping the young ones with early education and providing the necessary support to their families. The institute also focuses on enhancing the families' capacity to effectively care for their children, thereby promoting a safe and nurturing environment for the children.
What is the revenue of Fifth City Child Development Institute Inc Prescho?
Fifth City Child Development Institute Inc Prescho's revenue in 2024 was $589,975.
Who are the executives of Fifth City Child Development Institute Inc Prescho and what are their salaries?
The average compensation at Fifth City Child Development Institute Inc Prescho during 2024 was $28,106. There are 14 employees at Fifth City Child Development Institute Inc Prescho.
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Where can I find the form 990 for Fifth City Child Development Institute Inc Prescho?
Fifth City Child Development Institute Inc Prescho's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Fifth City Child Development Institute Inc Prescho
Fifth City Child Development Institute Prescho, a nonprofit organization, is dedicated to serving an economically depressed community by providing preschool education and daycare for children aged between 2 and 6 years old. Beyond academic growth, the institute also extends support to the children's parents, recognizing the importance of a holistic approach in child development. The organization aims to create a nurturing environment that fosters learning and prepares children for their future educational journey.
In addition to its educational mission, Fifth City Child Development Institute Prescho recognizes the role of parents in a child's development and seeks to support them as well. The institute offers resources and assistance to help parents enhance their capacity to care for their children effectively, thereby promoting a stable and nurturing home environment. By providing this comprehensive support system, the institute aims to contribute positively to the overall well-being of the children and their families.
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Impact
July, 2024
Fifth City Child Development Institute Inc Prescho positively impacts the community by providing preschool education and daycare services to 65 children aged 2 to 6 years old in an economically depressed area of Chicago. Additionally, they offer parent support, creating a holistic approach to early childhood development. By focusing on education and care for young children in need, this organization plays a vital role in promoting positive growth and development within the community.
This information is meant to be a general summary of Fifth City Child Development Institute Inc Prescho. 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 2024.
- Program Service Revenue: $10,735
- Gross Receipts: $589,975
Assets and Liabilities:
- Total Assets: $320,872
- Total Liabilities: $38,500
- Net Assets: $282,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$10,735
Organization Details
Founding Year
1978
Principal Officer
Patricia Turner
NTEE Category
Code: B21 - Education
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