Overview
What is Rainbow Childcare Of Monroe Inc?
Rainbow Childcare of Monroe Inc. is a not-for-profit organization situated in Monroe, Wisconsin. They offer daycare services to children ranging from five weeks to twelve years old, operating from 6:00 a.m. to 5:45 p.m. Mondays to Fridays. The organization, with a staff of 40, is dedicated to providing high-quality, affordable, and educationally enriching childcare to the broader Green County community. They adhere to the standards set by the State of Wisconsin for childcare agencies and are continually striving to improve their services. Rainbow Childcare of Monroe Inc. treats each child as an integral part of their family unit, seeking opportunities to strengthen family relationships and offer services that benefit both the child and the family. The organization values and encourages parental participation at all levels of their organization, recognizing the importance of quality childcare in the success of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
Rainbow Childcare Of Monroe Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial stability. The organization has performed well in several key areas, including a strong program expense ratio of 94.74%, signifying that a significant portion of its funding directly supports its programs. Additionally, the organization boasts a high percentage of independent board members, which is essential for maintaining objectivity and transparency.
The charity's governance practices are commendable, as it has a well-documented conflict of interest policy and keeps minutes of board meetings. Moreover, it shows no material diversion of assets, reflecting prudent financial management. The liabilities to assets ratio is low at 0.44%, which further indicates a solid financial footing.
However, the overall score of 71% reflects some areas for improvement. While the organization exhibits strong accountability measures, its Two-Star rating suggests potential concerns that could impact donor confidence. Further enhancements in transparency and operational effectiveness could help elevate its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Rainbow Childcare Of Monroe Inc legitimate?
Rainbow Childcare Of Monroe Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Childcare Of Monroe 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $524,651
For more financial information, click here
What is the mission statement of Rainbow Childcare Of Monroe Inc?
Rainbow Childcare Of Monroe Inc., as a not-for-profit organization, is dedicated to offering high-quality, affordable, and educationally enriching childcare services to the broader Green County community. The agency serves children ranging from five weeks to twelve years old, welcoming them regardless of their gender, religion, race, ethnic origin, nationality, or creed. Rainbow Childcare Inc. surpasses the state standards for childcare agencies and continually seeks to enhance its quality level. Recognizing each child as an integral part of a unique family unit, the organization seeks opportunities to strengthen family relationships and provides services that benefit both the child and the family. Parental involvement is highly valued and encouraged at all levels of the organization. Rainbow Childcare Inc. believes that access to superior childcare significantly contributes to the success of the community at large.
Who is the CEO of Rainbow Childcare Of Monroe Inc?
Amanda Fields is the President of Rainbow Childcare Of Monroe Inc.
What is the revenue of Rainbow Childcare Of Monroe Inc?
Rainbow Childcare Of Monroe Inc's revenue in 2022 was $1,058,760.
Who are the executives of Rainbow Childcare Of Monroe Inc and what are their salaries?
The average compensation at Rainbow Childcare Of Monroe Inc during 2022 was $13,116. There are 40 employees at Rainbow Childcare Of Monroe Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Rainbow Childcare Of Monroe Inc?
Rainbow Childcare Of Monroe Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rainbow Childcare Of Monroe Inc
Rainbow Childcare Of Monroe Inc, a not-for-profit organization, is dedicated to offering top-notch, affordable, and educationally enriching childcare services to the broader Green County community. The agency serves not only the children enrolled at Rainbow Childcare Inc. but also their families, businesses in the area, and the community as a whole. Catering to children from five weeks to twelve years old, Rainbow Childcare Inc. operates beyond the standards established by the State of Wisconsin for childcare agencies, continually striving for an ever-improving level of quality.
Recognizing each child as a valuable member of a unique family unit, Rainbow Childcare Inc. seeks opportunities to strengthen family relationships and provides services that benefit both the child and the family. The organization appreciates and encourages parental involvement at all levels, fostering a sense of community within its operations. Rainbow Childcare Inc. firmly believes that access to quality childcare is instrumental in the overall success of the greater Green County community.
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Impact
July, 2024
The impact of Rainbow Childcare Of Monroe Inc is felt deeply in the greater Green County community. By providing quality, affordable, and learning-oriented child care services, Rainbow Childcare Of Monroe Inc ensures that children aged five weeks to twelve years old have a safe and nurturing environment to grow and develop. Their commitment to operating above state standards for childcare agencies demonstrates their dedication to excellence and continuous improvement.
Rainbow Childcare Of Monroe Inc's mission to serve not only the children enrolled in their program but also their families, businesses in the community, and the community at large highlights their holistic approach to childcare. By valuing and encouraging parental involvement, they strengthen family relationships and enhance the overall well-being of both the children and their families.
Access to quality childcare is crucial for the success of the community, and Rainbow Childcare Of Monroe Inc plays a vital role in ensuring that children have a solid foundation for their future. Through their services, they contribute to the social and educational development of the next generation, making a significant and positive impact on the lives of the families they serve.
This information is meant to be a general summary of Rainbow Childcare Of Monroe 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: $2,890
- Program Service Revenue: $896,874
- Gross Receipts: $1,062,237
Assets and Liabilities:
- Total Assets: $916,047
- Total Liabilities: $12,480
- Net Assets: $903,567
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
4K Program
Revenue
$53,670
Fees & Contracts Gov Agencies
Revenue
$29,099
Tuition/Drop-ins
Revenue
$814,105
Organization Details
Founding Year
1976
Principal Officer
Amanda Fields
Main Address
2709 6th St, Monroe, WI, 53566
NTEE Category
Code: P33Z - Human services
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