Overview
What is New Horizons Day Care Inc?
New Horizons Day Care Inc, based in Springfield, Massachusetts, is a distinguished nonprofit organization committed to fostering an educational environment that aligns with biblical values. Their mission is to provide top-tier early education for families from various backgrounds, encompassing a philosophy that nurtures kingdom-based children, fostering leadership qualities as they grow. The institution, with a team of 16 dedicated individuals, strives to create a supportive atmosphere that blends spiritual and educational growth.
Official website here: www.nhdaycare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (59%)
New Horizons Day Care Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a strong independent board, with 100% of its members independent, it faces serious shortcomings in areas such as financial transparency. The absence of financial statements and various key policies, including conflict of interest and whistleblower policies, have notably impacted its score.
The nonprofit demonstrates some positive metrics, such as a program expense ratio of 77.72%, signifying that a substantial portion of its budget is allocated toward programs. Additionally, there are no reported material diversions of assets, suggesting a degree of financial integrity. However, the lack of essential governance documents raises questions about the effectiveness of its operational oversight.
Overall, while New Horizons Day Care Inc has strengths in program funding and an independent board, the significant gaps in financial reporting and governance policies contribute to its low rating. Continued improvements in these areas will be crucial for enhancing trust and transparency with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Horizons Day Care Inc legitimate?
New Horizons Day Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Horizons Day Care 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: $410,942
For more financial information, click here
Official website here: www.nhdaycare.org
What is the mission statement of New Horizons Day Care Inc?
New Horizons Day Care Inc is committed to establishing an environment that fosters biblical values alongside top-tier early education for families from diverse backgrounds. Their philosophy emphasizes nurturing "kingdom-based" children, aiming to raise them in a setting that encourages leadership development. The day care center is dedicated to providing a high-quality educational experience while instilling strong moral values.
Official website here: www.nhdaycare.org
What is the revenue of New Horizons Day Care Inc?
New Horizons Day Care Inc's revenue in 2023 was $772,748.
Official website here: www.nhdaycare.org
Who are the executives of New Horizons Day Care Inc and what are their salaries?
The average compensation at New Horizons Day Care Inc during 2023 was $18,679. There are 22 employees at New Horizons Day Care Inc.
Here are 4 key members and their salaries:
- Compensation: $21,600
- 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.nhdaycare.org
Where can I find the form 990 for New Horizons Day Care Inc?
New Horizons Day Care Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nhdaycare.org
Learn more at the official website: www.nhdaycare.org
Mission Statement of New Horizons Day Care Inc
New Horizons Day Care Inc is committed to establishing an environment that fosters Biblical values alongside top-notch early education for families from diverse backgrounds. Their philosophy centers around nurturing "Kingdom-based children," aiming to raise future leaders in a setting that encourages growth and development. The organization is dedicated to providing a high-quality educational experience while instilling strong moral values.
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Impact
July, 2024
New Horizons Day Care Inc's impact lies in providing a nurturing environment that fosters the development of children from diverse backgrounds while instilling biblical values and promoting leadership qualities. By offering high-quality early education, this organization plays a crucial role in shaping the future generation into Kingdom-based individuals. Through its focus on promoting leadership and strong values, New Horizons Day Care Inc positively influences the lives of the children and families it serves, contributing to the community's overall well-being and development.
This information is meant to be a general summary of New Horizons Day Care 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.
- Program Service Revenue: $633,109
- Gross Receipts: $772,748
Assets and Liabilities:
- Total Assets: $825,861
- Total Liabilities: $523,007
- Net Assets: $302,854
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAY CARE FEES
Revenue
$555,139
ZEAL YOUTH EMPOWER
Revenue
$45,416
FOOD PROGRAM
Revenue
$32,554
Organization Details
Founding Year
2013
Principal Officer
Eliezer Serrano
Website
www.nhdaycare.orgNTEE Category
Code: P33 - Human services
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