Overview
What is Promise Resource Center Inc?
Promise Resource Center Inc, situated in Hugueville, Maryland, is a nonprofit organization that focuses on improving the accessibility of high-quality child care in Calvert, Charles, and St. Mary's counties. They accomplish this goal by collaborating with parents, child care providers, businesses, and community organizations. Their primary mission involves providing training programs and workshops to equip both parents and child care providers with the necessary skills. By doing so, they aim to enhance the overall quality of child care services in their designated areas.
Official website here: www.thepromisecenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (66%)
Promise Resource Center Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization scores 66% overall, with particular strengths noted in governance, such as having 100% independent board members and a solid independent board size. Positive policies are in place, including a conflict of interest policy and a whistleblower policy, which demonstrates a commitment to transparency and ethical practices.
However, the nonprofit faces significant challenges in terms of its financial accountability. It scored zero points for financial statements, indicating a lack of available financial reporting. Additionally, the liabilities to assets ratio is concerning at 77.77%, suggesting potential financial strain. Despite these issues, Promise Resource Center shows a high program expense ratio of 94.28%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
Overall, while the organization exhibits solid governance and program expenditure, its financial transparency and health require attention to improve its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Promise Resource Center Inc legitimate?
Promise Resource Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Resource Center 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: $554,052
For more financial information, click here
Official website here: www.thepromisecenter.org
What is the mission statement of Promise Resource Center Inc?
The Promise Resource Center Inc's mission is to collaborate with various stakeholders, including parents, child care providers, businesses, and community organizations, with the primary objective of enhancing the accessibility of high-quality child care services in Calvert, Charles, and St. Mary's County, Maryland. Through their efforts, they aim to provide training programs and technical assistance workshops for both parents and child care providers, thereby improving the overall standard of child care services in the specified areas.
Official website here: www.thepromisecenter.org
Who is the CEO of Promise Resource Center Inc?
Kelly Hutter is the Director of Promise Resource Center Inc.
Official website here: www.thepromisecenter.org
What is the revenue of Promise Resource Center Inc?
Promise Resource Center Inc's revenue in 2022 was $1,014,131.
Official website here: www.thepromisecenter.org
Who are the executives of Promise Resource Center Inc and what are their salaries?
There 20 volunteers at Promise Resource Center Inc.
Here are 9 key members and their salaries:
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- Compensation: $28,028
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- Compensation: $68,180
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- Compensation: $40,080
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- Other: $0
Official website here: www.thepromisecenter.org
Where can I find the form 990 for Promise Resource Center Inc?
Promise Resource Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thepromisecenter.org
Learn more at the official website: www.thepromisecenter.org
Mission Statement of Promise Resource Center Inc
Promise Resource Center Inc is committed to collaborating with parents, child care providers, businesses, and community organizations in an effort to enhance the accessibility of high-quality child care services in Calvert, Charles, and St. Mary's County, Maryland. The organization's mission is to serve as a catalyst, providing child care training and technical assistance programs, as well as workshops, aimed at educating both parents and child care providers. By fostering a network of support and resources, Promise Resource Center Inc aims to contribute to the overall improvement of child care standards within the specified counties in Maryland.
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Impact
July, 2024
Promise Resource Center Inc plays a crucial role in promoting the availability of quality child care in Calvert, Charles, and St. Mary's County, Maryland. Through their child care training and technical assistance programs and workshops, they empower parents and child care providers with the necessary skills and knowledge to ensure the well-being and development of young children. By collaborating with businesses and community organizations, Promise Resource Center Inc creates a supportive network that uplifts the standards of child care in the region. Their work not only benefits individual families and child care providers but also contributes to the overall improvement of early childhood education and support services in the community.
This information is meant to be a general summary of Promise Resource Center 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 2022.
- Program Service Revenue: $109,138
- Gross Receipts: $1,014,131
Assets and Liabilities:
- Total Assets: $834,967
- Total Liabilities: $649,403
- Net Assets: $185,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING FEES & EQUIPM
Revenue
$80,985
FAMILY BEHAVIORAL SERV
Revenue
$28,153
Organization Details
Founding Year
1998
Phone
(301) 290-0040Principal Officer
Kelly Hutter
Main Address
8395 OLD LEONARDTOWN ROAD, HUGHESVILLE, MD, 20637
Website
www.thepromisecenter.orgNTEE Category
Code: P33 - Human services
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