Overview
What is Scarlet Covering Inc?
Scarlet Covering Inc is a nonprofit organization situated in Baltimore, Maryland. Their primary mission is to enrich the lives of children between the ages of 6 weeks to 12 years by exposing them to various cultural arts. They strive to support the growth of families by fostering a nurturing and enriching environment, underpinned by biblical principles. This environment encourages the natural love of learning in children through engaging play and positive reinforcement. The organization, with a workforce of 41 individuals, aims to enhance the lives of these young learners and their families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating. This rating indicates that Scarlet Covering Inc has a moderate level of accountability and financial health. It is primarily driven by its strong performance in key financial metrics, which are essential for assessing the organization's sustainability and effectiveness.
Scarlet Covering Inc demonstrates an excellent commitment to governance with a fully independent board and good financial practices. Notably, the organization has a high program expense ratio of 76.88%, indicating that a significant portion of its funds is allocated directly to its programs. Additionally, there are no reported material diversions of assets, and the charity maintains transparency by documenting board meeting minutes.
However, despite these strengths, the organization has only achieved a Two-Star rating due to its overall score being solely derived from accountability and finance metrics. While its financial practices are commendable, the lack of a broader evaluation of other areas may limit the perceived impact of its programs and outreach efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Scarlet Covering Inc legitimate?
Scarlet Covering Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scarlet Covering 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: $141,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $678,554
For more financial information, click here
What is the mission statement of Scarlet Covering Inc?
Scarlet Covering Inc's mission is centered around educating and enhancing the lives of children between the ages of 6 weeks and 12 years. This is achieved by exposing them to cultural arts. The organization also aims to support the growth of families by creating a nurturing and enriching environment, grounded in biblical principles. They foster the natural love of learning in children through enriching play and positive reinforcement. The mission of Scarlet Covering Inc is to provide a supportive environment that encourages the holistic development of children while strengthening families.
Who is the CEO of Scarlet Covering Inc?
Angela Johnston is the President of Scarlet Covering Inc.
What is the revenue of Scarlet Covering Inc?
Scarlet Covering Inc's revenue in 2022 was $1,608,801.
Who are the executives of Scarlet Covering Inc and what are their salaries?
The average compensation at Scarlet Covering Inc during 2022 was $20,005. There are 41 employees at Scarlet Covering Inc.
Here are 4 key members and their salaries:
- Compensation: $123,668
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Scarlet Covering Inc?
Scarlet Covering Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Scarlet Covering Inc
Scarlet Covering Inc is committed to enriching the lives of children between the ages of 6 weeks and 12 years by exposing them to cultural arts. The organization's mission is to support the growth of families by creating a nurturing and enriching environment, founded on biblical principles. Scarlet Covering Inc aims to foster the natural love of learning in children through engaging play and positive reinforcement. This nonprofit organization believes in educating and enhancing the lives of young ones, thereby contributing to their overall development.
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Impact
October, 2024
Scarlet Covering Inc has a significant impact on the lives of children and families in Baltimore, MD, by focusing on the education and enhancement of children aged 6 weeks to 12 years. Through exposure to cultural arts, the organization not only enriches the children's learning experiences but also fosters creativity and cultural appreciation from a young age.
In addition to educational initiatives, Scarlet Covering Inc supports family growth by creating a nurturing and supportive environment. Grounded in biblical principles, this approach emphasizes the importance of moral development alongside academic and creative growth. By promoting positive reinforcement and enriching play, the organization cultivates a love of learning that can have lifelong benefits for children.
Overall, Scarlet Covering Inc plays a vital role in youth development, ensuring that children are not only well-educated but also supported by a community that values both their personal and academic growth. This holistic approach prepares families and children to thrive, contributing positively to the broader community.
This information is meant to be a general summary of Scarlet Covering 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: $2,686
- Program Service Revenue: $748,315
- Gross Receipts: $1,608,801
Assets and Liabilities:
- Total Assets: $1,154,019
- Total Liabilities: $150,200
- Net Assets: $1,003,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$748,315
Organization Details
Founding Year
2010
Phone
(410) 728-0652Principal Officer
Angela Johnston
Main Address
PO BOX 33257, BALTIMORE, MD, 21218
NTEE Category
Code: O50 - Youth development
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