Overview
What is Cherish Center?
The Cherish Center is a nonprofit organization situated in Milford, Iowa, with a US address at 1004 22nd Street. Their primary mission is to provide a safe haven and supportive services for unwed mothers, serving as a maternity home. They operate on faith-based principles, aiming to strengthen and renew families through compassionate care. The Cherish Center raises funds by operating a second-hand thrift store, accepting donations of furniture and household goods from the public. Their activities are driven by the belief in sustainable growth and the provision of life-changing services. With a workforce of 19 dedicated individuals, the Cherish Center is committed to offering comprehensive support to families in need.
Official website here: www.cherishcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (49%)
The Cherish Center has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scores only 49%, primarily due to the absence of critical financial documentation and policies such as a conflict of interest policy, whistleblower policy, and document retention procedures. However, it does have a fully independent board, which is a positive aspect in terms of governance.
Strengths noted in the evaluation include the presence of independent board members and a low liabilities to assets ratio, demonstrating some financial stability. Additionally, the organization has been transparent about its board meeting minutes, which is a positive governance practice. Nevertheless, the overall financial transparency and accountability issues overshadow these strengths.
The lack of financial statements and essential policies raises red flags for potential donors and stakeholders. With only 54.09% of expenses directed towards programs, the organization may face challenges in building trust and attracting support. The Cherish Center will need to address these governance and financial reporting issues to improve its standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cherish Center legitimate?
Cherish Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cherish Center 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: $75,505
Professional Fundraising Fees: $0
Other Salaries and Wages: $274,834
For more financial information, click here
Official website here: www.cherishcenter.org
What is the mission statement of Cherish Center?
The Cherish Center is a sustainable organization with a mission to provide faith-based, life-changing services. Their goal is to strengthen and renew families by offering compassionate support. This is achieved through their activities, which include operating a second-hand thrift store. Donations of furniture and household goods are accepted from the public, with all profits utilized to support the center's operations. The Cherish Center aims to provide a supportive environment for families, fostering growth and renewal.
Official website here: www.cherishcenter.org
Who is the CEO of Cherish Center?
Warren Jager is the Executive Di of Cherish Center.
Official website here: www.cherishcenter.org
What is the revenue of Cherish Center?
Cherish Center's revenue in 2022 was $543,786.
Official website here: www.cherishcenter.org
Who are the executives of Cherish Center and what are their salaries?
The average compensation at Cherish Center during 2022 was $18,439. There are 19 employees and 59 volunteers at Cherish Center.
Here are 6 key members and their salaries:
- Compensation: $75,505
- 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
Official website here: www.cherishcenter.org
Where can I find the form 990 for Cherish Center?
Cherish Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cherishcenter.org
Learn more at the official website: www.cherishcenter.org
Mission Statement of Cherish Center
The Cherish Center, a sustainable nonprofit organization, is dedicated to providing faith-based, life-transforming services for families. Its mission is to strengthen and renew families through care and compassionate support. This is accomplished by offering a range of services that aim to uplift and empower individuals. The Cherish Center operates a second-hand thrift store, accepting donations of furniture and household goods from the public. These contributions serve a dual purpose; they help families in need while also generating proceeds to support the organization's operations. The profits generated from the thrift store contribute to the overall mission of the Cherish Center, allowing it to continue offering its services and making a positive impact on families in need.
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Impact
July, 2024
Cherish Center's impact can be seen in the lives of unwed mothers who find a safe and supportive environment at the maternity home. By providing faith-based, life-changing services, Cherish Center helps strengthen and renew families through care and compassionate support. Additionally, the operation of a second-hand thrift store not only offers a source of revenue but also promotes sustainability by accepting donations of furniture and household goods from the public. The profits generated from the thrift store are then used to further support the mission of Cherish Center, making a tangible difference in the community of Milford, IA.
This information is meant to be a general summary of Cherish Center. 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: $1,413
- Program Service Revenue: $421,185
- Gross Receipts: $543,786
Assets and Liabilities:
- Total Assets: $1,332,760
- Total Liabilities: $238,660
- Net Assets: $1,094,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHERISHED AGAIN
Revenue
$409,572
CHERISHED DAUGHTER DANCE
Revenue
$9,948
PARENTS CONNECT
Revenue
$1,665
Organization Details
Principal Officer
Warren Jager
Main Address
1004 22ND ST, MILFORD, IA, 51351
Website
www.cherishcenter.orgNTEE Category
Code: P45 - Human services
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