Overview
What is Richfield Latch Key Child Care Center Inc?
Richfield Latch Key Child Care Center Inc, situated in Richfield, Minnesota, is a nonprofit organization with a primary focus on delivering high-quality and affordable child care services to approximately 375 children. Established at 7001 Elliot Avenue S, this organization boasts a dedicated workforce of 33 individuals who are committed to ensuring the best possible care for the young ones. The mission of Richfield Latch Key Child Care Center Inc is centered around providing a nurturing environment that supports the overall development of children, making it an essential resource for families in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71%)
Richfield Latch Key Child Care Center Inc has received a two-star rating from Charity Navigator, indicating that while the organization's accountability and financial health are strong, there are notable areas needing improvement. The organization boasts a perfect score in several key areas, including an independent board structure and a high program expense ratio, reflecting effective use of funds for its mission-related activities.
Despite these strengths, the nonprofit has several shortcomings that contribute to its overall rating. Notably, the organization lacks transparency in its online presence, as it has not provided its website on tax forms, nor has it posted required tax documents on its website. Additionally, the absence of a conflict of interest policy and a document retention and destruction policy raises concerns about governance practices.
In summary, while Richfield Latch Key Child Care Center Inc demonstrates a solid financial and governance foundation, the lack of transparency and missing policies detract from its overall effectiveness and rating. Addressing these issues could significantly enhance its credibility and operational integrity in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Richfield Latch Key Child Care Center Inc legitimate?
Richfield Latch Key Child Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richfield Latch Key Child 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: $71,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $598,506
For more financial information, click here
What is the mission statement of Richfield Latch Key Child Care Center Inc?
The mission of Richfield Latch Key Child Care Center Inc, as stated, is centered around providing high-quality and affordable child care services. This mission is executed by catering to the needs of approximately 375 children. The organization's focus lies in ensuring the provision of child care services that are both of excellent quality and financially accessible to families.
Who is the CEO of Richfield Latch Key Child Care Center Inc?
Lindsey Scott is the Executive Dir. of Richfield Latch Key Child Care Center Inc.
What is the revenue of Richfield Latch Key Child Care Center Inc?
Richfield Latch Key Child Care Center Inc's revenue in 2022 was $1,243,282.
Who are the executives of Richfield Latch Key Child Care Center Inc and what are their salaries?
The average compensation at Richfield Latch Key Child Care Center Inc during 2022 was $20,317. There are 33 employees and 9 volunteers at Richfield Latch Key Child Care Center Inc.
Here are 13 key members and their salaries:
- Compensation: $71,944
- 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
- 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 Richfield Latch Key Child Care Center Inc?
Richfield Latch Key Child Care Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richfield Latch Key Child Care Center Inc
Richfield Latch Key Child Care Center Inc is committed to delivering top-notch and affordable child care services. Their mission, in essence, is to ensure that every child under their care receives the best possible care. This nonprofit organization dedicates itself to catering to approximately 375 children, providing them with a nurturing environment that fosters their growth and development. The center's primary goal is to offer child care services that are both of high quality and reasonably priced, making it accessible to a wide range of families.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Richfield Latch Key Child Care Center Inc impacts the community by providing quality and affordable child care services for approximately 375 children in Richfield, MN. Their mission to offer accessible child care services plays a crucial role in supporting working families and ensuring the well-being and development of children in the area. By offering a safe and enriching environment for children, Richfield Latch Key Child Care Center Inc enables parents to work knowing their children are taken care of, contributing to the overall welfare of families in the community.
This information is meant to be a general summary of Richfield Latch Key Child 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.
- Investment Income: $2,108
- Program Service Revenue: $987,806
- Gross Receipts: $1,258,853
Assets and Liabilities:
- Total Assets: $687,371
- Total Liabilities: $14,086
- Net Assets: $673,285
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Care Fees
Revenue
$987,806
Organization Details
Founding Year
1980
Phone
(612) 866-6400Principal Officer
Lindsey Scott
Main Address
7001 Elliot Avenue S, Richfield, MN, 55423
NTEE Category
Code: P33Z - Human services
If you are a representative of Richfield Latch Key Child Care Center Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.