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Memorable Moments Youth Development Program Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455085836 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Memorable Moments Youth Development Program Inc?

Memorable Moments Youth Development Program Inc is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission is to offer high-quality early learning education and care to children from low and moderate-income families, catering to individuals aged from 2 months to 12 years. Their goal is to equip these children with the necessary skills to excel in school and become lifelong learners. In 2021, the program served 125 children, striving to maintain its high-quality services even amidst the transition back to pre-pandemic life. The organization currently employs 40 individuals, dedicated to nurturing and educating the next generation.


Official website here: www.memorablemoments.us

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Memorable Moments Youth Development Program Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 69%. This rating indicates that while the organization has strong financial management, including high program expense ratios, there are significant areas needing improvement, particularly in governance and transparency. The lack of independent board members and missing policies, such as conflict of interest and whistleblower protections, raises concerns about oversight and accountability.

The organization's financial statements are well-audited and demonstrate good management of assets, as indicated by a favorable liabilities to assets ratio. However, the absence of independent board representation and several required policies suggests potential vulnerabilities in its governance structure. These factors could impact donor confidence and the organization's long-term sustainability.

While the program excels in directing the majority of its expenses toward its mission, the noted weaknesses in accountability practices must be addressed to enhance trust and effectiveness. Improved governance structures will be essential for the organization's growth and its ability to fulfill its mission effectively.


This AI summary has been generated from information found on Charity Navigator.

Is Memorable Moments Youth Development Program Inc legitimate?

Memorable Moments Youth Development Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorable Moments Youth Development Program 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $690,855

For more financial information, click here


Official website here: www.memorablemoments.us

What is the mission statement of Memorable Moments Youth Development Program Inc?

The Memorable Moments Youth Development Program Inc. is dedicated to offering top-notch early learning opportunities for children from low- and moderate-income families. Serving children aged 2 months to 12 years, the program's main objective is to equip these children with the necessary skills to excel in school and continue their learning journey throughout their lives. By providing high-quality education and care in a safe and nurturing environment, the program aims to support the growth and development of its students, contributing to a successful future. In 2021, the program's primary focus was to maintain its high standards while supporting families as they adapted to pre-pandemic life, impacting 125 children during this period.


Official website here: www.memorablemoments.us

Who is the CEO of Memorable Moments Youth Development Program Inc?

Ruble Harris is the Executive Di of Memorable Moments Youth Development Program Inc.


Official website here: www.memorablemoments.us

What is the revenue of Memorable Moments Youth Development Program Inc?

Memorable Moments Youth Development Program Inc's revenue in 2021 was $2,075,710.


Official website here: www.memorablemoments.us

Who are the executives of Memorable Moments Youth Development Program Inc and what are their salaries?

The average compensation at Memorable Moments Youth Development Program Inc during 2021 was $17,271. There are 40 employees at Memorable Moments Youth Development Program Inc.


Here are 4 key members and their salaries:


Aida Rodriguez (Executive Di)
  • Compensation: $71,712
  • Related: $0
  • Other: $0
Monica Fauntleroy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruble Harris (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geovannie Rodriguez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.memorablemoments.us

Where can I find the form 990 for Memorable Moments Youth Development Program Inc?

Memorable Moments Youth Development Program Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.memorablemoments.us

Learn more at the official website: www.memorablemoments.us

Mission Statement of Memorable Moments Youth Development Program Inc

Memorable Moments Youth Development Program Inc, a nonprofit organization, is committed to providing high-quality early learning experiences to children from low and moderate-income families. Serving children from as young as two months old to twelve years old, the program's primary goal is to prepare these children for success in school and foster a lifelong love for learning. In a safe and nurturing environment, Memorable Moments Youth Development Program Inc offers early learning education and care, aiming to support families as they transition back to pre-pandemic life. In 2021, the program impacted the lives of 125 children, continuing to provide top-notch services.

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Impact




July, 2024

Memorable Moments Youth Development Program Inc's impact can be seen in the positive difference it makes in the lives of children from low and moderate-income families. By providing high-quality early learning education and care to children ranging from 2 months to 12 years old, this program sets the foundation for their success in school and as lifelong learners. In 2021, the program impacted 125 children in Philadelphia, PA, by offering a safe and nurturing environment for them to flourish. Through their mission of preparing children for academic achievement and lifelong learning, Memorable Moments Youth Development Program Inc is playing a crucial role in supporting the development of the next generation.




This information is meant to be a general summary of Memorable Moments Youth Development Program 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.

Revenue
$2,075,710 (2021)
Expenses
$1,917,445 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $113,872
  • Gross Receipts: $2,075,710

Assets and Liabilities:

  • Total Assets: $644,469
  • Total Liabilities: $197,700
  • Net Assets: $446,769

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FAMILY DAYCARE CO-PAYMENTS

Revenue

$113,872

Organization Details

Founding Year

2012

Principal Officer

Ruble Harris

Main Address

1555 N 60TH ST, PHILADELPHIA, PA, 19151

NTEE Category

Code: P40 - Human services

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