Overview
What is Happy Time Child Development Center Inc?
The Happy Time Child Development Center Inc, located in Vinton, Iowa, is a nonprofit organization that primarily focuses on providing child care and preschool services to over 100 local children annually. Their mission is to cater to all children, offering reduced rates and even no-charge services to families of lower income who may struggle to afford these essential services. Their care encompasses educational programs, ensuring a well-rounded developmental experience for the children under their care. The center employs a team of 62 individuals, dedicated to nurturing and educating the future generations of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating
Happy Time Child Development Center Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in its Accountability & Finance measures. This rating indicates that the organization is largely transparent and effectively manages its financial resources, which is critical for nonprofit sustainability and stakeholder trust.
The organization boasts a perfect score for having a majority of independent board members, which enhances its governance structure and reduces potential conflicts of interest. Additionally, it maintains a strong program expense ratio of 88.71%, indicating that a significant portion of its funds is directed towards its charitable programs rather than administrative expenses.
However, while the center shows strengths in various financial aspects, including a favorable liabilities to assets ratio, there is no detailed information regarding its program impact or outcomes. This lack of information may limit potential donors' ability to assess the effectiveness of the center's programs beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Happy Time Child Development Center Inc legitimate?
Happy Time Child Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Happy Time Child Development 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: $31,298
Professional Fundraising Fees: $0
Other Salaries and Wages: $425,446
For more financial information, click here
What is the mission statement of Happy Time Child Development Center Inc?
The Happy Time Child Development Center Inc is committed to providing child care and preschool services to children in the area. Their services are accessible to all children, and they offer reduced rates and no-charge services for families with low income who cannot afford the full cost. The center's care includes educational programs designed to support the children's growth and development. The center also provides scholarships for children from low-income facilities who are unable to pay. In essence, the Happy Time Child Development Center Inc aims to ensure that quality early education is accessible to all children, regardless of their financial circumstances.
Who is the CEO of Happy Time Child Development Center Inc?
Tosha Mcgarvey is the Executive Di of Happy Time Child Development Center Inc.
What is the revenue of Happy Time Child Development Center Inc?
Happy Time Child Development Center Inc's revenue in 2022 was $875,078.
Who are the executives of Happy Time Child Development Center Inc and what are their salaries?
The average compensation at Happy Time Child Development Center Inc during 2022 was $7,367. There are 62 employees at Happy Time Child Development Center Inc.
Here are 6 key members and their salaries:
- Compensation: $20,529
- 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 Happy Time Child Development Center Inc?
Happy Time Child Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Happy Time Child Development Center Inc
Happy Time Child Development Center Inc is committed to providing high-quality child care and preschool services to the local community. Their mission extends to making these services accessible to all children, regardless of their families' financial circumstances. For families who struggle to afford the costs, reduced rates and even no-charge services are offered. The center's care encompasses educational programs designed to support the holistic development of the children in its care. Throughout the year, Happy Time Child Development Center Inc serves over 100 children in the area. Furthermore, the center provides scholarships to children from low-income facilities who cannot afford the fees.
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Impact
July, 2024
Happy Time Child Development Center Inc's impact can be seen in the provision of child care and preschool services to over 100 area children throughout the year in Vinton, IA. This organization plays a crucial role in ensuring that all children, including those from low-income families, have access to quality education and care. By offering reduced rates and scholarships, Happy Time Child Development Center Inc is making a significant difference in the lives of children and families who may not be able to afford such services otherwise. Through their dedication to providing educational programs and care for all children, this organization is positively impacting the community and promoting equity in access to early childhood education.
This information is meant to be a general summary of Happy Time Child Development 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: -$12,451
- Program Service Revenue: $587,080
- Gross Receipts: $1,197,197
Assets and Liabilities:
- Total Assets: $1,101,667
- Total Liabilities: $561,304
- Net Assets: $540,363
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE INCOME
Revenue
$557,421
CACFP (FOOD PROGRAM)
Revenue
$29,659
Organization Details
Founding Year
1972
Phone
(319) 472-4840Principal Officer
Tosha Mcgarvey
Main Address
1310 W 1ST ST, VINTON, IA, 52349
NTEE Category
Code: P33Z - Human services
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