Overview
What is Precious Memories Child Care Inc?
Precious Memories Child Care Inc, located in Omaha, Nebraska, is a nonprofit organization dedicated to providing child care services for families in need. This includes families who work at low-paying jobs or attend high school job training or GED classes. Approximately half of the children enrolled in their care are under Child Protective Services (CPS) and have experienced abuse or neglect. The organization offers meals, including breakfasts, lunches, and snacks, and caters to children with various disabilities such as spina bifida, cerebral palsy, autism, and fetal alcohol syndrome. Many of the children also have behavioral issues, and the staff collaborates with parents to manage these challenging behaviors. Precious Memories Child Care Inc aims to deliver quality child care services, assisting parents in becoming better caretakers and providing day care services to families who lack alternative support systems.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star Rating)
Precious Memories Child Care Inc has received a low rating of 56%, indicating concerns regarding its accountability and financial practices. The organization lacks independent board members, which raises questions about governance and oversight. However, it does show a strong commitment to its program expenses, with 91.86% dedicated to its services, suggesting that the majority of funds are directed towards its mission.
Despite its strengths in program expenses, the nonprofit has several notable limitations. It does not have conflict of interest, whistleblower, or document retention policies in place, which are crucial for transparency and accountability. Additionally, the absence of independent board members could hinder effective governance and decision-making.
The organization does have a good track record regarding asset management, with no material diversion of assets reported. However, the lack of critical policies and oversight mechanisms, alongside a low overall score, suggests that potential donors should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Precious Memories Child Care Inc legitimate?
Precious Memories Child Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precious Memories Child 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: $171,145
For more financial information, click here
What is the mission statement of Precious Memories Child Care Inc?
Precious Memories Child Care Inc's mission is centered around providing quality child care services to low-income families. The organization serves families who often lack other support systems, and many of the children under their care have special needs that require specialized care. The daycare facility operates to allow parents to work at low-paying jobs or attend education programs, such as high school job training or GED classes. Approximately half of the children under their care are under Child Protective Services (CPS) and have a history of abuse or neglect. The average daily attendance varies, and meals consisting of breakfasts, lunches, and snacks are provided to the children. Many of the children have serious disabilities, including Spina Bifida, Cerebral Palsy, Autism, and Fetal Alcohol Syndrome. Additionally, many of the children exhibit serious behavioral problems, and the staff works closely with parents to help manage these issues.
Who is the CEO of Precious Memories Child Care Inc?
Rachel Snow is the Director of Precious Memories Child Care Inc.
What is the revenue of Precious Memories Child Care Inc?
Precious Memories Child Care Inc's revenue in 2021 was $178,939.
Who are the executives of Precious Memories Child Care Inc and what are their salaries?
Here are 8 key members and their salaries:
- 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
- Compensation: $42,374
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Precious Memories Child Care Inc?
Precious Memories Child Care Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Precious Memories Child Care Inc
Precious Memories Child Care Inc, a nonprofit organization, is dedicated to providing high-quality child care services for low-income families. Its mission is twofold: firstly, to cater to the child care needs of these families, many of whom have no other support system in place. Secondly, to aid the parents of these children in their personal development, often through job training or education programs.
The organization goes beyond basic child care, catering to the unique needs of children with special conditions such as spina bifida, cerebral palsy, autism, and fetal alcohol syndrome. Additionally, many of the children have behavioral issues, and Precious Memories Child Care Inc works closely with parents to manage these challenges. The staff at the center not only ensures the children's physical well-being but also provides them with nutritious meals, including breakfasts, lunches, and snacks.
In essence, Precious Memories Child Care Inc serves as a beacon of support for families in need, providing a safe and nurturing environment for their children while empowering the parents to improve their lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Precious Memories Child Care Inc makes a significant impact by providing essential child care services to low-income families, particularly those facing challenges such as poverty, abuse, or neglect. By offering a safe environment for children while their parents work or pursue education, the organization empowers families to improve their circumstances.
Approximately half of the children in their care are involved with Child Protective Services, highlighting the critical support offered to families in crisis. The organization caters to a diverse group of children, many of whom have serious disabilities and behavioral challenges, which often require specialized care that typical day care facilities may not provide.
Furthermore, by working closely with parents, Precious Memories Child Care Inc fosters better parenting practices, helping families develop the skills necessary to create a more stable and nurturing home environment. The provision of nutritious meals and a supportive atmosphere contributes to the overall well-being and development of the children, ensuring that they receive the care and attention they need to thrive despite their difficult circumstances.
In this way, Precious Memories Child Care Inc plays an invaluable role in strengthening communities by lifting up families and providing hope for a better future.
This information is meant to be a general summary of Precious Memories Child 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 2021.
- Investment Income: -$33,315
- Program Service Revenue: $212,254
- Gross Receipts: $212,258
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NE STATE TITLE XX PYMT
Revenue
$212,254
Organization Details
Founding Year
1988
Phone
(402) 341-7720Principal Officer
Rachel Snow
Main Address
2869 VANE ST, OMAHA, NE, 68112
NTEE Category
Code: P33 - Human services
If you are a representative of Precious Memories Child Care Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.