Overview
What is Abernethy Memorial Child Development?
Abernethy Memorial Child Development is a nonprofit organization that operates a daycare service within the facilities of a sponsoring church. Their primary mission is to provide top-notch child care services to families in the local community. By utilizing the church's facilities, they offer a nurturing environment for children, ensuring their well-being and development. The organization's work is centered around providing quality care, ultimately strengthening the community's families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Abernethy Memorial Child Development has received a Two-Star rating, indicating that while the organization shows some strengths, there are significant areas needing improvement. The overall score of 69% reflects a solid performance in certain accountability categories, such as having a majority independent board and a good liabilities to assets ratio. However, the financial statements received a score of 0 out of 15, highlighting potential issues in transparency and financial management.
The organization does excel in program expenses, with a high program expense ratio of 87.92%. This suggests that a significant portion of its funds is allocated directly to its programs, indicating a commitment to its mission. Additionally, the organization has implemented some accountability mechanisms, such as documenting board meeting minutes and reporting material diversions of assets.
However, several critical policies are lacking, including a conflict of interest policy, a whistleblower policy, and proper document retention and destruction practices, all of which received failing scores. Furthermore, the absence of the tax form on the nonprofit's website raises concerns about financial transparency. Overall, while Abernethy Memorial Child Development demonstrates a commitment to its programs, it must address these governance and financial reporting weaknesses to improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Abernethy Memorial Child Development legitimate?
Abernethy Memorial Child Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abernethy Memorial Child Development 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: $76,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $487,119
For more financial information, click here
What is the mission statement of Abernethy Memorial Child Development?
Abernethy Memorial Child Development's mission is centered around offering high-quality child care services to families within the community. They accomplish this by utilizing the facilities of the sponsoring church. The organization's primary objective is to contribute positively to the well-being and development of children, ensuring they receive adequate care and support. By operating a day care, Abernethy Memorial Child Development aims to foster a nurturing environment that promotes learning and growth for the children under its care.
Who is the CEO of Abernethy Memorial Child Development?
Unavailable
What is the revenue of Abernethy Memorial Child Development?
Abernethy Memorial Child Development's revenue in 2022 was $928,471.
Who are the executives of Abernethy Memorial Child Development and what are their salaries?
The average compensation at Abernethy Memorial Child Development during 2022 was $20,146. There are 28 employees at Abernethy Memorial Child Development.
Here are 10 key members and their salaries:
- Compensation: $41,600
- Related: $0
- Other: $0
- Compensation: $35,360
- 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
- 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 Abernethy Memorial Child Development?
Abernethy Memorial Child Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Abernethy Memorial Child Development
Abernethy Memorial Child Development is dedicated to providing high-quality child care services to families in the community. Utilizing the facilities of a sponsoring church, this organization serves as a reliable resource for parents seeking a nurturing environment for their children. The mission of Abernethy Memorial Child Development is centered around offering top-notch child care, ensuring that families in the area have access to reliable and nurturing care for their young ones. The organization's commitment to this mission is evident in its day-to-day operations, which prioritize the well-being and development of every child in its care.
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Impact
July, 2024
Abernethy Memorial Child Development's impact is felt through its provision of quality childcare services to families in the community. By operating a daycare within the facilities of the sponsoring church, the organization serves as a valuable resource for parents seeking reliable and nurturing care for their children. This not only supports working parents by enabling them to pursue their careers with peace of mind, but also contributes to the overall well-being and development of the children under its care. Through its mission to provide quality childcare, Abernethy Memorial Child Development plays a vital role in supporting families and fostering the healthy growth and development of the community's children.
This information is meant to be a general summary of Abernethy Memorial Child Development. 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.
- Investment Income: $33
- Program Service Revenue: $608,002
- Gross Receipts: $928,471
Assets and Liabilities:
- Total Assets: $311,489
- Total Liabilities: $0
- Net Assets: $311,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILDCARE FEES
Revenue
$601,858
OTHER PROGRAM REVENUE
Revenue
$6,144
Organization Details
Founding Year
2015
Main Address
111 WEST 13TH STREET, NEWTON, NC, 28658
NTEE Category
Code: P33 - Human services
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