Overview
What is Fairbank Community Daycare Center 42970?
Fairbank Community Daycare Center 42970 is a nonprofit organization situated in the Fairbank, Iowa area, specifically at a PO Box location. This community-focused daycare center aims to provide affordable childcare services for young parents residing in the surrounding areas. The center, known as Little Island Childcare Center, carries out its mission with 33 dedicated employees, ensuring the well-being and development of children in the community. The daycare center's primary goal is to make quality childcare accessible and affordable for local families, contributing positively to their daily lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Fairbank Community Daycare Center has achieved a rating of 67%, which is categorized as a Two-Star rating. This score reflects some strengths in the organization’s accountability and financial practices. The charity boasts a 100% independent board, material assets are not diverted, and it maintains excellent ratios for liabilities to assets and program expenses, indicating a strong commitment to its core mission.
The organization has a well-documented governance structure, as evidenced by its documentation of board meeting minutes. However, the overall rating suggests there may be areas needing improvement to enhance its financial efficiency or transparency further. While the program expense ratio is commendable at 98.71%, the overall accountability score indicates that there might be other operational aspects that require closer examination.
In summary, Fairbank Community Daycare Center demonstrates solid governance and a commitment to using funds effectively towards its mission. However, stakeholders may want to consider the implications of its Two-Star rating when evaluating the organization’s overall performance and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Fairbank Community Daycare Center 42970 legitimate?
Fairbank Community Daycare Center 42970 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairbank Community Daycare Center 42970 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: $37,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $253,443
For more financial information, click here
What is the mission statement of Fairbank Community Daycare Center 42970?
The Fairbank Community Daycare Center's mission is centered around providing an affordable daycare service to young parents residing in the surrounding communities. The organization's primary objective is to make high-quality daycare services accessible and affordable, thereby catering to the needs of families within the vicinity. By doing so, the daycare center seeks to contribute positively to the well-being of families and the community as a whole. The daycare center in Buchanan Co., Iowa, offers its services at a cost that is reasonably affordable for young parents in the area.
Who is the CEO of Fairbank Community Daycare Center 42970?
Betsy Wierck is the Center Direc of Fairbank Community Daycare Center 42970.
What is the revenue of Fairbank Community Daycare Center 42970?
Fairbank Community Daycare Center 42970's revenue in 2022 was $573,666.
Who are the executives of Fairbank Community Daycare Center 42970 and what are their salaries?
The average compensation at Fairbank Community Daycare Center 42970 during 2022 was $8,814. There are 33 employees at Fairbank Community Daycare Center 42970.
Here are 6 key members and their salaries:
- Compensation: $37,492
- 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 Fairbank Community Daycare Center 42970?
Fairbank Community Daycare Center 42970's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fairbank Community Daycare Center 42970
Fairbank Community Daycare Center 42970 is committed to fulfilling an essential mission within its surrounding communities. The organization's primary objective is to offer affordable daycare services to young parents. By providing this vital service, Fairbank Community Daycare Center 42970 aims to support families in the Buchanan Co., Iowa area, ensuring that they can balance their responsibilities as parents while pursuing their personal and professional goals. The daycare center's commitment to affordability makes it an invaluable resource for families who may not have the financial means to access alternative daycare options. In doing so, Fairbank Community Daycare Center 42970 contributes to the well-being and stability of its community members, ultimately fostering a stronger, more supportive local environment.
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Impact
July, 2024
Fairbank Community Daycare Center 42970's impact lies in its crucial role in providing affordable daycare services to young parents in the Buchanan County, Iowa area. By offering accessible childcare options at a reasonable cost, this organization supports young parents in balancing their responsibilities while ensuring the well-being and development of their children. Through its mission to serve the community by addressing a critical need, Fairbank Community Daycare Center 42970 contributes to the overall welfare and stability of families in the surrounding area.
This information is meant to be a general summary of Fairbank Community Daycare Center 42970. 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.
- Program Service Revenue: $366,666
- Gross Receipts: $581,346
Assets and Liabilities:
- Total Assets: $493,909
- Total Liabilities: $101,904
- Net Assets: $392,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTED SERVICE INCOME
Revenue
$354,291
PROGRAM SERVICE FEES
Revenue
$11,687
OTHER INCOME
Revenue
$688
Organization Details
Founding Year
2001
Phone
(319) 635-2355Principal Officer
Betsy Wierck
Main Address
PO BOX 38, FAIRBANK, IA, 50629
NTEE Category
Code: P33 - Human services
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