Overview
What is Friendship House Of Crystal Lake?
Friendship House of Crystal Lake is a nonprofit organization situated in Crystal Lake, Illinois. Its primary focus is providing educational day care services for children, functioning as a reputable child day care facility. The organization's mission is to educate and nurture young minds, ensuring a safe and stimulating environment for their development. By offering these services, Friendship House of Crystal Lake plays a vital role in supporting families and contributing to the community's well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Friendship House of Crystal Lake has received a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 94% overall, indicating a high level of transparency and responsible management of its resources. Key strengths include a fully independent board, comprehensive oversight measures, and effective financial management, highlighted by a program expense ratio of 83.37%, which shows that a significant portion of its budget supports its programs directly.
The organization has demonstrated robust governance practices, with 100% of its board members being independent and the presence of critical policies such as conflict of interest and whistleblower protections. Additionally, its audit and oversight committee received the maximum possible points, which underscores its commitment to ethical standards and financial integrity. With no indications of asset diversion, the organization appears to maintain strict adherence to its mission and the proper use of funds.
While the overall data paints a positive picture, there are always areas for potential improvement. Maintaining high accountability standards in the long run and ensuring ongoing community engagement could help strengthen its impact further. Nevertheless, Friendship House of Crystal Lake stands out as a reliable nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Friendship House Of Crystal Lake legitimate?
Friendship House Of Crystal Lake is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship House Of Crystal Lake 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: $86,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $604,222
For more financial information, click here
What is the mission statement of Friendship House Of Crystal Lake?
Friendship House of Crystal Lake, as a child day care organization, is dedicated to providing educational day care services. The primary objective of this institution is to offer a nurturing environment that fosters learning and development in children. By offering these services, Friendship House aims to contribute positively to the overall growth of the children in its care, preparing them for future learning experiences. The organization's approach to child care incorporates education into daily activities, ensuring that each child has an enriching and stimulating day.
Who is the CEO of Friendship House Of Crystal Lake?
Ben Babakhani is the President of Friendship House Of Crystal Lake.
What is the revenue of Friendship House Of Crystal Lake?
Friendship House Of Crystal Lake's revenue in 2022 was $1,176,645.
Who are the executives of Friendship House Of Crystal Lake and what are their salaries?
The average compensation at Friendship House Of Crystal Lake during 2022 was $32,898. There are 21 employees and 6 volunteers at Friendship House Of Crystal Lake.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Friendship House Of Crystal Lake?
Friendship House Of Crystal Lake's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friendship House Of Crystal Lake
Friendship House of Crystal Lake is committed to providing educational day care services for children. As a child day care organization, it seeks to offer a nurturing environment that fosters learning and development. The mission of Friendship House of Crystal Lake is to support the growth and education of young children, empowering them with the necessary skills and knowledge for their future. By offering high-quality day care services, the organization aims to provide a safe and stimulating environment where children can learn and play, fostering their social, emotional, and cognitive development. The goal is to prepare children for their future educational and personal endeavors, equipping them with the necessary tools for success.
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Impact
October, 2024
Friendship House of Crystal Lake significantly enhances the community by providing high-quality educational day care services for children. Located in Crystal Lake, Illinois, it serves as a vital resource for families, supporting early childhood development through structured learning and safe, nurturing environments.
The impact extends beyond basic child care; it fosters social, emotional, and cognitive skills in young children, laying a strong foundation for their future educational journeys. By creating an engaging learning atmosphere, Friendship House helps prepare children for kindergarten and beyond, ensuring they are ready to thrive in school and in life.
Additionally, the organization supports working families by offering reliable day care solutions, allowing parents to pursue their careers while ensuring their children receive a solid educational experience. This dual impact strengthens the community by promoting both workforce stability and childhood development, central to fostering a thriving future for all.
This information is meant to be a general summary of Friendship House Of Crystal Lake. 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: $407
- Program Service Revenue: $944,082
- Gross Receipts: $1,176,645
Assets and Liabilities:
- Total Assets: $1,116,869
- Total Liabilities: $172,220
- Net Assets: $944,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees
Revenue
$944,082
Organization Details
Founding Year
1983
Phone
(815) 459-6552Principal Officer
Ben Babakhani
Main Address
100 S MAIN STREET 400, CRYSTAL LAKE, IL, 60014
NTEE Category
Code: P33Z - Human services
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