Overview
What is Cheerful Home Association?
The Cheerful Home Association, situated in Quincy, Illinois, is a nonprofit organization dedicated to providing comprehensive infant and childcare services. Licensed to accommodate up to 181 children, their primary focus lies in supporting lower-income families. They offer daycare services to children aged six weeks to twelve years, ensuring a diverse range of community children benefit from their care. Their mission is to prioritize the needs of families with limited resources, providing a nurturing environment where children can grow and thrive. The Cheerful Home Association employs a team of 74 individuals, ensuring a dedicated workforce committed to their mission.
Official website here: www.cheerfulhome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Cheerful Home Association has received an 88% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects the organization’s commitment to maintaining a high level of transparency and responsible management of its resources. The organization demonstrates strong governance practices, with 100% of its board members being independent and a well-structured oversight committee in place.
The strengths of Cheerful Home Association include a strong program expense ratio of 87.87%, which suggests that a significant portion of its expenditures directly supports its mission-oriented activities. Additionally, the organization has no reported material diversion of assets, reinforcing its integrity and accountability. The presence of comprehensive financial statements and the documentation of board meeting minutes also contribute positively to its rating.
Despite these strengths, there are areas for improvement, particularly regarding governance policies. The absence of a whistleblower policy and a document retention and destruction policy may raise concerns about organizational transparency and risk management. Addressing these gaps could enhance the nonprofit’s overall accountability and strengthen stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Cheerful Home Association legitimate?
Cheerful Home Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cheerful Home Association 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: $1,121,721
For more financial information, click here
Official website here: www.cheerfulhome.org
What is the mission statement of Cheerful Home Association?
The Cheerful Home Association's mission is centered around providing daycare services for children from the local community, with a particular focus on supporting lower-income families. Their comprehensive infant and childcare services are licensed to cater to up to 181 children, ranging from six weeks to twelve years old. The association places a significant emphasis on providing care to families with limited financial resources.
Official website here: www.cheerfulhome.org
Who is the CEO of Cheerful Home Association?
Spencer Mckeown is the President of Cheerful Home Association.
Official website here: www.cheerfulhome.org
What is the revenue of Cheerful Home Association?
Cheerful Home Association's revenue in 2023 was $1,998,450.
Official website here: www.cheerfulhome.org
Who are the executives of Cheerful Home Association and what are their salaries?
The average compensation at Cheerful Home Association during 2023 was $15,158. There are 74 employees at Cheerful Home Association.
Here are 15 key members and their salaries:
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Official website here: www.cheerfulhome.org
Where can I find the form 990 for Cheerful Home Association?
Cheerful Home Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cheerfulhome.org
Learn more at the official website: www.cheerfulhome.org
Mission Statement of Cheerful Home Association
Cheerful Home Association is an organization dedicated to providing daycare services for children from the community, with a special focus on supporting lower-income families. The association's mission is to offer comprehensive infant and childcare services, licensed to cater to up to 181 children. Their primary emphasis is on the care of families with lower income levels. The services extend to children as young as six weeks old, up to twelve years old. Cheerful Home Association plays a significant role in ensuring that these children receive the necessary care and support during their formative years.
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Impact
October, 2024
Cheerful Home Association significantly impacts the Quincy, IL community by providing comprehensive daycare services for all children, with a particular focus on supporting lower-income families. With the capacity to serve up to 181 children, the organization caters to the needs of infants and children ranging from 6 weeks to 12 years old.
By offering accessible childcare, Cheerful Home Association helps alleviate the financial burden on families, enabling parents to pursue employment and education while ensuring their children receive quality care and early childhood development opportunities. This initiative not only fosters a nurturing environment for children but also contributes to the overall well-being of families, promoting stability and growth within the community. The emphasis on inclusivity ensures that every child has the chance to thrive, regardless of their economic background.
This information is meant to be a general summary of Cheerful Home Association. 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 2023.
- Investment Income: $21,675
- Program Service Revenue: $494,208
- Gross Receipts: $1,998,450
Assets and Liabilities:
- Total Assets: $1,995,518
- Total Liabilities: $106,383
- Net Assets: $1,889,135
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$494,208
Organization Details
Founding Year
1886
Phone
(217) 228-0654Principal Officer
Spencer Mckeown
Main Address
315 S 5TH ST, QUINCY, IL, 623013917
Website
www.cheerfulhome.orgNTEE Category
Code: P330 - Human services
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