Overview
What is Metropolitan Children & Youth Inc?
Metropolitan Children & Youth Inc, based in Detroit, MI, is a nonprofit organization dedicated to improving early childhood education for children from low-income families. They spearheaded the Renaissance Head Start program, a preschool child development initiative, to provide a nurturing environment and educational opportunities for these children. The organization's mission is to foster growth and development, ensuring a strong foundation for these young learners as they prepare for their future education and life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning a Two-Star out of Four Star rating.
Metropolitan Children & Youth Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization has demonstrated strong governance practices with a fully independent board and effective financial oversight, achieving perfect scores in several key areas such as conflict of interest policies and material diversion of assets. Their program expense ratio is notably high at 88.73%, suggesting that a significant portion of their funds is directed towards their programs.
However, the nonprofit faces challenges with its financial ratios, particularly the liabilities to assets ratio of 63.12%, which raises concerns about financial stability. Additionally, the organization has a very low working capital ratio of only 0.04 years, indicating potential liquidity issues that could affect its ability to meet short-term obligations. The fundraising efficiency ratio is also concerning, as it shows no revenue generated from fundraising efforts, which may hinder future sustainability.
Overall, while Metropolitan Children & Youth Inc shows strengths in governance and program expenditure, the financial metrics suggest that there are substantial areas for improvement that need to be addressed to enhance the organization's overall financial health and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Metropolitan Children & Youth Inc legitimate?
Metropolitan Children & Youth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Children & Youth 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: $242,330
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,521,003
For more financial information, click here
What is the mission statement of Metropolitan Children & Youth Inc?
Metropolitan Children & Youth Inc., through its Renaissance Head Start program, aims to offer a preschool child development service for children hailing from low socioeconomic backgrounds. Established in Detroit, MI, the organization's mission is centered around providing a nurturing environment that supports the overall growth and development of these children. By doing so, Metropolitan Children & Youth Inc. contributes to fostering their future success and preparing them for primary education.
Who is the CEO of Metropolitan Children & Youth Inc?
Sheridan Young is the Interim Executive Director of Metropolitan Children & Youth Inc.
What is the revenue of Metropolitan Children & Youth Inc?
Metropolitan Children & Youth Inc's revenue in 2022 was $3,885,356.
Who are the executives of Metropolitan Children & Youth Inc and what are their salaries?
The average compensation at Metropolitan Children & Youth Inc during 2022 was $28,441. There are 62 employees and 31 volunteers at Metropolitan Children & Youth Inc.
Here are 9 key members and their salaries:
- Compensation: $75,553
- Related: $0
- Other: $0
- Compensation: $38,553
- Related: $0
- Other: $0
- Compensation: $9,962
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Metropolitan Children & Youth Inc?
Metropolitan Children & Youth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metropolitan Children & Youth Inc
Metropolitan Children & Youth Inc, a nonprofit organization, has a mission centered around providing a preschool child development program. This mission is specifically geared towards children hailing from low socioeconomic backgrounds, residing in Detroit, MI. The organization, through its Renaissance Head Start program, strives to offer a comprehensive early learning experience, aiming to prepare these children for a successful educational journey ahead. By focusing on children from disadvantaged backgrounds, Metropolitan Children & Youth Inc seeks to bridge the gap in educational opportunities and provide these children with a strong foundation for future growth.
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Impact
July, 2024
Metropolitan Children & Youth Inc's impact is significant in providing a preschool child development program for children from low socioeconomic backgrounds in Detroit, MI through its HEAD START PROGRAM. By establishing the Renaissance Head Start program, they are offering vital educational opportunities and support for children who may not have access to such resources otherwise. Their work directly benefits the community by helping young children from disadvantaged backgrounds receive a valuable educational foundation, setting them on a path towards future success. This impact contributes to breaking the cycle of poverty and providing a brighter future for these children and their families in Detroit.
This information is meant to be a general summary of Metropolitan Children & Youth 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
- Gross Receipts: $3,885,356
Assets and Liabilities:
- Total Assets: $514,055
- Total Liabilities: $294,821
- Net Assets: $219,234
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Organization Details
Founding Year
1984
Principal Officer
Sheridan Young
Main Address
13110 14TH STREET, Detroit, MI, 48238
NTEE Category
Code: P33 - Human services
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