Overview
What is Duke Memorial Weekday School Inc?
Duke Memorial Weekday School Inc, located in Durham, North Carolina at 504 West Chapel Hill Street, is a nonprofit organization that provides a nurturing environment for preschoolers. With a multicultural student body of approximately 123 children, the school operates a morning preschool program during the school year and transforms into a day camp for preschoolers during the summer months. The school's primary mission is to create a loving, supportive, and secure atmosphere that fosters self-confidence in young children. The organization, staffed by 38 employees, focuses on establishing a strong foundation for these children by delivering a preschool program tailored to their needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Duke Memorial Weekday School Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in the area of accountability and finance. The rating is based entirely on the organization's accountability and finance metrics, which indicates a strong commitment to financial transparency and responsible management of resources.
One of the organization's key strengths is its high percentage of independent board members, with 92% classified as independent. This structure supports effective governance, and the board has demonstrated diligence by providing thorough financial statements and documentation of board meeting minutes. Additionally, the school has reported no material diversion of assets, which contributes positively to its accountability score.
However, while the organization has a commendable program expense ratio of 98.10%, indicating that a significant portion of its expenses is directed towards its programs, the single focus on accountability and finance may limit insights into its programmatic effectiveness and impact. Overall, Duke Memorial Weekday School Inc showcases a strong financial health profile, though potential donors and stakeholders may want to seek further information regarding its program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Duke Memorial Weekday School Inc legitimate?
Duke Memorial Weekday School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Duke Memorial Weekday 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: $43,494
Professional Fundraising Fees: $0
Other Salaries and Wages: $325,497
For more financial information, click here
What is the mission statement of Duke Memorial Weekday School Inc?
Duke Memorial Weekday School Inc's mission is centered around operating a preschool program that provides a nurturing environment for children. This environment is designed to foster love, support, and security, which in turn helps the children build self-confidence. The school's primary goal is to establish a solid foundation for the children, ensuring they grow up with a strong sense of self-belief.
Who is the CEO of Duke Memorial Weekday School Inc?
Julie Allen is the Director of Duke Memorial Weekday School Inc.
What is the revenue of Duke Memorial Weekday School Inc?
Duke Memorial Weekday School Inc's revenue in 2023 was $535,760.
Who are the executives of Duke Memorial Weekday School Inc and what are their salaries?
The average compensation at Duke Memorial Weekday School Inc during 2023 was $9,710. There are 38 employees and 12 volunteers at Duke Memorial Weekday School Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Duke Memorial Weekday School Inc?
Duke Memorial Weekday School Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Duke Memorial Weekday School Inc
Duke Memorial Weekday School, a renowned preschool institution, is committed to establishing a strong foundation for children. The school achieves this by creating an environment that fosters love, support, and security. Its primary focus is on nurturing self-confidence in the young learners. By operating a preschool program, Duke Memorial Weekday School aims to provide children from diverse backgrounds with a secure and loving atmosphere, thereby setting them up for success in their future endeavors. During the summer months, the school offers a day camp for preschoolers, providing an opportunity for continued learning and growth.
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Impact
July, 2024
Duke Memorial Weekday School Inc's impact is fundamental in laying a strong foundation for children through its preschool program. By providing a nurturing environment filled with love, support, and security, the school focuses on building self-confidence in approximately 123 children of all races and creeds in Durham, NC. Additionally, the school operates a morning day camp for preschoolers during July, further enhancing the educational and developmental experiences of the children. This direct impact on the young lives it serves helps shape a better future for the community and beyond.
This information is meant to be a general summary of Duke Memorial Weekday 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 2023.
- Investment Income: $7,638
- Program Service Revenue: $484,409
- Gross Receipts: $607,970
Assets and Liabilities:
- Total Assets: $496,528
- Total Liabilities: $0
- Net Assets: $496,528
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$484,409
Organization Details
Founding Year
1968
Principal Officer
Julie Allen
Main Address
504 WEST CHAPEL HILL STREET, DURHAM, NC, 27701
NTEE Category
Code: B24Z - Education
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