Overview
What is Parents In Partnership?
Parents In Partnership, identified by its Doing Business As name, Kids X-CEL Center, is a nonprofit organization situated in New Ulm, Minnesota. Their primary objective is to establish and manage an affordable childcare center. With a small workforce of one employee, this organization aims to provide high-quality childcare services to the community, ensuring that affordable options are readily available for parents. The specifics of their operations and services are not detailed in the provided information, but their mission to construct and operate an affordable childcare center is clear.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. This rating reflects a focus on Accountability & Finance, with a score of 79 in that category. A three-star rating indicates a solid level of transparency and financial health, which is essential for maintaining donor trust and support.
Parents In Partnership demonstrates strong governance, as evidenced by having a majority of independent board members and a well-structured oversight committee. The organization has policies in place for conflict of interest, whistleblowing, and document retention, which further enhances its accountability practices. Additionally, a high program expense ratio of 80.64% signifies that a substantial portion of its funding is directed towards its mission-related activities.
However, the organization faces a notable issue with its liabilities to assets ratio, which stands at 83.32%. This figure indicates potential financial strain, as high liabilities relative to assets can pose risks to long-term sustainability. While the organization excels in many areas, addressing this financial concern will be crucial for its ongoing success and operational stability.
This AI summary has been generated from information found on Charity Navigator.
Is Parents In Partnership legitimate?
Parents In Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parents In Partnership 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: $569,335
For more financial information, click here
What is the mission statement of Parents In Partnership?
Parents In Partnership's mission is centered around constructing and operating an affordable childcare center. This endeavor is aimed at providing parents with access to a high-quality facility at an affordable price. The organization's goal is to contribute positively to the community by addressing the need for affordable childcare, thereby alleviating some of the financial burdens faced by families. By providing a reliable and affordable childcare option, Parents In Partnership aims to support parents in their roles as caregivers, allowing them to focus on other aspects of their lives.
Who is the CEO of Parents In Partnership?
Emily Tyler-Ellison is the President of Parents In Partnership.
What is the revenue of Parents In Partnership?
Parents In Partnership's revenue in 2022 was $994,572.
Who are the executives of Parents In Partnership and what are their salaries?
The average compensation at Parents In Partnership during 2022 was $569,335. There is 1 employee and 10 volunteers at Parents In Partnership.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Parents In Partnership?
Parents In Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Parents In Partnership
Parents In Partnership, as an organization, is dedicated to constructing and operating an affordable childcare center. This mission aims to provide parents with access to a high-quality childcare facility that is financially feasible. By doing so, Parents In Partnership seeks to support families by alleviating the financial burden often associated with childcare services, allowing parents to focus on their responsibilities and well-being. The construction and operation of this affordable childcare center serve as Parents In Partnership's primary objective, contributing to the overall well-being of families and their children.
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Impact
July, 2024
Parents In Partnership's impact is evident through providing parents in New Ulm, MN, access to an affordable, high-quality childcare center. This initiative not only meets the immediate needs of families requiring childcare services but also supports the community by promoting the well-being and development of children. By offering affordable options for childcare, Parents In Partnership contributes to easing the financial burden on families while ensuring children receive necessary care and early childhood education. This initiative aligns with the organization's mission to construct and operate an affordable childcare center, ultimately benefiting both parents and children in the community.
This information is meant to be a general summary of Parents In Partnership. 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: $4
- Program Service Revenue: $764,383
- Gross Receipts: $998,946
Assets and Liabilities:
- Total Assets: $978,874
- Total Liabilities: $815,656
- Net Assets: $163,218
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$764,383
Organization Details
Founding Year
2000
Phone
(507) 354-4299Principal Officer
Emily Tyler-Ellison
Main Address
1506 7TH STREET NORTH, NEW ULM, MN, 560732186
NTEE Category
Code: P33 - Human services
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