Overview
What is The Family Cooperative Inc?
The Family Cooperative Inc, located at 51 KONDAZIAN STREET, WATERTOWN, MA 02472, is a dedicated nonprofit organization. Its primary focus is on providing full-time childcare services to approximately 40 young individuals. The organization follows an engaging, child-centered curriculum in a cooperative setting, encouraging strong parental involvement. This approach facilitates children's relationships within the community, fosters explorations of their surroundings, and sparks their curiosity about the world. The Family Cooperative Inc employs a team of 30 individuals committed to nurturing and educating the future generation.
Official website here: www.thefamilycooperative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Family Cooperative Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 82%. This score is derived solely from the Accountability & Finance beacon, indicating that the organization has a strong commitment to financial transparency and responsible governance. The high marks in areas such as independent board composition and the presence of critical policies suggest that the organization prioritizes accountability.
Strengths highlighted in the evaluation include a fully independent board, with 100% of its members meeting this criterion, and robust financial oversight, as evidenced by a well-functioning audit committee. Furthermore, the organization has no reported material diversion of assets, which contributes positively to its financial health and operational integrity. Additionally, The Family Cooperative Inc demonstrates effective program expenditure, with over 81% of its expenses directed toward programs.
However, the organization has room for improvement in its liabilities to assets ratio, which stands at 68.84%. This indicates a potential area of concern regarding its financial structure. Overall, while the organization showcases a commendable commitment to accountability and finance, it may need to address its financial ratios to enhance its overall stability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is The Family Cooperative Inc legitimate?
The Family Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Family Cooperative 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: $296,241
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thefamilycooperative.org
What is the mission statement of The Family Cooperative Inc?
The Family Cooperative Inc's mission is focused on providing care and education to children. They achieve this by implementing an engaging, child-centered curriculum in a cooperative setting that encourages strong parental involvement. The organization also facilitates children's relationships within the community, encourages explorations of their environment, and fosters investigations of the world. In essence, their mission is to create an educational atmosphere that nurtures children's social, cognitive, and environmental growth while promoting active parental participation.
Official website here: www.thefamilycooperative.org
Who is the CEO of The Family Cooperative Inc?
Don Cyr is the Co-President of The Family Cooperative Inc.
Official website here: www.thefamilycooperative.org
What is the revenue of The Family Cooperative Inc?
The Family Cooperative Inc's revenue in 2023 was $1,196,510.
Official website here: www.thefamilycooperative.org
Who are the executives of The Family Cooperative Inc and what are their salaries?
The average compensation at The Family Cooperative Inc during 2023 was $9,875. There are 30 employees and 90 volunteers at The Family Cooperative Inc.
Here are 14 key members and their salaries:
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- Compensation: $42,803
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- Compensation: $51,891
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Official website here: www.thefamilycooperative.org
Where can I find the form 990 for The Family Cooperative Inc?
The Family Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thefamilycooperative.org
Learn more at the official website: www.thefamilycooperative.org
Mission Statement of The Family Cooperative Inc
The Family Cooperative Inc is committed to nurturing and educating children in a unique and engaging manner. Their mission is to provide a child-centered curriculum in a cooperative setting that fosters strong parental involvement. This approach encourages children to build relationships within their community, explore their environment, and delve into the world around them. By doing so, the organization aims to facilitate the overall development and growth of the children under its care. The Family Cooperative Inc operates a full-time childcare center, serving approximately 45 children, providing them with a nurturing and stimulating environment to learn and grow.
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Impact
July, 2024
The Family Cooperative Inc's impact is centered around caring for and educating children through an emergent, child-centered curriculum in a cooperative setting that emphasizes strong parental involvement. By operating a full-time childcare center that serves approximately 45 children in Watertown, MA, they facilitate children's relationships within the community, encourage explorations of their environment, and support investigations of the world. Their mission to provide quality care and education while fostering a sense of community and curiosity among children highlights their dedication to human services and early childhood development.
This information is meant to be a general summary of The Family Cooperative 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 2023.
- Investment Income: $17,764
- Program Service Revenue: $820,884
- Gross Receipts: $1,199,892
Assets and Liabilities:
- Total Assets: $1,219,209
- Total Liabilities: $839,317
- Net Assets: $379,892
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$820,884
Organization Details
Founding Year
2012
Phone
(617) 800-2762Principal Officer
Don Cyr
Main Address
51 KONDAZIAN STREET, WATERTOWN, MA, 02472
Website
www.thefamilycooperative.orgNTEE Category
Code: P33 - Human services
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