Overview
What is Raleigh Nursery School Inc?
Raleigh Nursery School Inc is a nonprofit organization dedicated to offering educational and care services to children aged between 1 and 10 years old. The organization operates for five days a week, with additional Saturday programs for younger children. Their primary mission is to provide daycare services for children in need, aiming to support families who may require such assistance. The school's activities encompass teaching and nurturing young minds, ensuring a well-rounded development for the children in their care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (68%, Two-Star out of Four Star rating)
Raleigh Nursery School Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. The organization demonstrates strong accountability and finance practices, scoring 100% in this category, which reflects well on its governance structure. Notably, all board members are independent, ensuring that decisions are made without conflicts of interest. However, the absence of financial statements has significantly impacted its overall score.
Despite its strengths in accountability, the organization faces challenges, particularly with transparency. The lack of a publicly accessible website and missing financial statements have raised concerns about the availability of important information to stakeholders. Furthermore, the liabilities to assets ratio is notably high at 150.96%, which may suggest potential financial stability issues in the long term.
On a positive note, the high program expense ratio of 84.20% indicates that a significant portion of its funds is directed towards its mission-related activities. This suggests a commitment to effective programming, although the organization must improve its transparency and financial reporting to enhance its overall credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Raleigh Nursery School Inc legitimate?
Raleigh Nursery School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raleigh Nursery School 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: $84,757
Professional Fundraising Fees: $0
Other Salaries and Wages: $274,349
For more financial information, click here
What is the mission statement of Raleigh Nursery School Inc?
Raleigh Nursery School Inc's mission is centered around providing daycare services for children in need. Specifically, the school educates and cares for children between the ages of 1 to 5 years old on a weekly basis, and also offers a Saturday program for children up to 10 years old. Their primary objective is to make these essential services accessible to economically disadvantaged families.
Who is the CEO of Raleigh Nursery School Inc?
Ray Haywood is the President of Raleigh Nursery School Inc.
What is the revenue of Raleigh Nursery School Inc?
Raleigh Nursery School Inc's revenue in 2022 was $621,952.
Who are the executives of Raleigh Nursery School Inc and what are their salaries?
The average compensation at Raleigh Nursery School Inc during 2022 was $35,911. There are 10 employees at Raleigh Nursery School Inc.
Here are 7 key members and their salaries:
- Compensation: $84,757
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Raleigh Nursery School Inc?
Raleigh Nursery School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Raleigh Nursery School Inc
Raleigh Nursery School Inc, a nonprofit organization, is dedicated to fulfilling a mission that is both educational and charitable in nature. At its core, the institution aims to serve needy children, providing daycare services for those aged between one and five years old, five days a week. Additionally, it offers a Saturday program catering to children within the same age range. The organization's primary objective is to offer daycare services, ensuring that these children receive not only educational growth but also essential care. By doing so, Raleigh Nursery School Inc plays a vital role in supporting families who may require such assistance, helping to contribute positively to their child's development during their formative years.
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Impact
July, 2024
Raleigh Nursery School Inc's impact is profound in providing daycare for needy children in Raleigh, NC. By offering educational programs and care for children aged 1 to 5 years old five days a week, along with a Saturday program for children up to age 10, the school plays a vital role in supporting working families and giving children a safe and nurturing environment to learn and grow. Their commitment to serving the community's most vulnerable members demonstrates a dedication to early childhood education and the well-being of children in need.
This information is meant to be a general summary of Raleigh Nursery School 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.
- Investment Income: $174
- Program Service Revenue: $598,750
- Gross Receipts: $621,952
Assets and Liabilities:
- Total Assets: $206,169
- Total Liabilities: $389,035
- Net Assets: -$182,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION PAID BY PARENT
Revenue
$598,750
Organization Details
Founding Year
1974
Phone
(919) 834-2136Principal Officer
Ray Haywood
Main Address
1035 HALIFAX STREET, RALEIGH, NC, 27604
NTEE Category
Code: B99 - Education
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