Overview
What is New Beginning Day Care Center Inc?
New Beginning Day Care Center Inc is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to offer daycare services to children from disadvantaged families, enabling their parents to engage in employment or job skill training. The center currently serves 45 children from 32 such families. With a dedicated staff of 24 individuals, this essential facility plays a significant role in the community, providing a supportive environment for underprivileged children during their parents' work hours.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
New Beginning Day Care Center Inc holds a low rating of 52%, indicating significant concerns regarding its accountability and financial management. While the organization benefits from a fully independent board, the absence of essential financial statements and several key policies raises red flags about transparency and governance.
The entity demonstrates a strong commitment to program expenses, with an impressive program expense ratio of 95.93%, reflecting a focus on its mission. However, the lack of a website listed on its tax form, along with missing policies on conflict of interest and whistleblower protections, suggests a need for improvement in operational protocols and public communication.
Despite some strengths in board independence and program expenditure, the substantial liabilities to assets ratio of 434.95% and missing documentation highlight critical areas that require attention. Overall, stakeholders may want to approach the organization with caution, considering its current financial practices and governance frameworks.
This AI summary has been generated from information found on Charity Navigator.
Is New Beginning Day Care Center Inc legitimate?
New Beginning Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Beginning Day Care 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: $94,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $384,149
For more financial information, click here
What is the mission statement of New Beginning Day Care Center Inc?
New Beginning Day Care Center Inc's mission is centered around offering daycare services to underprivileged children. This organization aims to assist families in disadvantaged circumstances by providing daycare, enabling parents to pursue employment or job skills training. The daycare center currently caters to 45 children from 32 such families, offering them essential care and support. The mission of New Beginning Day Care Center Inc is to contribute positively to these children's lives, providing them with a safe and nurturing environment during their parents' absence.
Who is the CEO of New Beginning Day Care Center Inc?
Dorothy Williams is the Treasurer of New Beginning Day Care Center Inc.
What is the revenue of New Beginning Day Care Center Inc?
New Beginning Day Care Center Inc's revenue in 2022 was $735,653.
Who are the executives of New Beginning Day Care Center Inc and what are their salaries?
The average compensation at New Beginning Day Care Center Inc during 2022 was $19,957. There are 24 employees at New Beginning Day Care Center Inc.
Here are 3 key members and their salaries:
- Compensation: $46,019
- Related: $0
- Other: $0
- Compensation: $28,619
- Related: $0
- Other: $0
- Compensation: $20,173
- Related: $0
- Other: $0
Where can I find the form 990 for New Beginning Day Care Center Inc?
New Beginning Day Care Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Beginning Day Care Center Inc
New Beginning Day Care Center Inc is dedicated to providing essential daycare services to underprivileged children in Chicago. Its mission is twofold: firstly, to offer daycare services that enable the parents of these children to pursue employment or job skills training. Secondly, the center aims to serve 45 children from 32 disadvantaged families, providing them with a critical support system during their formative years. By offering these services, New Beginning Day Care Center Inc plays a significant role in contributing to the well-being of underprivileged families and helping to empower their children, setting them on a path towards a brighter future.
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Impact
October, 2024
New Beginning Day Care Center Inc significantly impacts the lives of underprivileged children and their families in Chicago, IL. By providing essential daycare services, the center creates a safe and nurturing environment for 45 children from 32 disadvantaged families. This support allows parents to pursue employment opportunities and job skills training without the worry of finding suitable childcare. The center not only fosters child development and socialization among these young learners but also actively contributes to breaking the cycle of poverty by empowering parents to improve their economic situations. Through its critical services, New Beginning Day Care Center Inc plays a vital role in enhancing the overall well-being of the community it serves.
This information is meant to be a general summary of New Beginning Day Care 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: $735,653
- Gross Receipts: $735,653
Assets and Liabilities:
- Total Assets: $399,760
- Total Liabilities: $647,058
- Net Assets: -$247,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Daycare Services
Revenue
$735,653
Organization Details
Founding Year
1998
Phone
(773) 385-5365Principal Officer
Dorothy Williams
Main Address
5445 W North Ave, Chicago, IL, 60639
NTEE Category
Code: P33 - Human services
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