Overview
What is Prosperity Childcare Inc?
Prosperity Childcare Inc is a nonprofit organization situated in Lamar, South Carolina. The primary focus of this organization is to offer daycare and after-school educational programs for children under the age of eighteen. This initiative allows parents and caregivers to pursue gainful employment by providing a safe and nurturing environment for their children during the day. Additionally, Prosperity Childcare Inc extends its services to senior citizens, offering programs tailored to their needs. The organization employs a team of fifteen individuals, demonstrating its commitment to the well-being of the community's younger and older generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 67%)
Prosperity Childcare Inc has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement in various accountability and financial practices. While the organization scores well on independent board member representation and has a low liabilities to assets ratio, significant gaps in transparency negatively impact its overall rating.
The organization has a program expense ratio of 87.13%, which shows a strong commitment to its mission by allocating a substantial portion of its expenses to programs. However, the lack of financial statements and key policies, such as conflict of interest and whistleblower policies, raises concerns about governance and oversight. These missing elements hinder stakeholders' ability to assess the organization's financial health comprehensively.
Overall, while Prosperity Childcare Inc demonstrates strengths in board independence and program spending, its shortcomings in transparency and accountability policies necessitate attention and improvement to build trust with donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Prosperity Childcare Inc legitimate?
Prosperity Childcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prosperity Childcare 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: $51,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $206,953
For more financial information, click here
What is the mission statement of Prosperity Childcare Inc?
Prosperity Childcare Inc's mission is centered around providing daycare and after-school programs for children, extending its services to include senior citizens as well. This organization's primary goal is to offer daycare and educational programs for children under eighteen, enabling their parents and caregivers to maintain gainful employment. The mission of Prosperity Childcare Inc is to ensure that it caters to the needs of both young and older individuals, offering programs and services that promote their well-being and development.
What is the revenue of Prosperity Childcare Inc?
Prosperity Childcare Inc's revenue in 2022 was $923,585.
Who are the executives of Prosperity Childcare Inc and what are their salaries?
The average compensation at Prosperity Childcare Inc during 2022 was $17,199. There are 15 employees at Prosperity Childcare Inc.
Here are 6 key members and their salaries:
- Compensation: $34,875
- Related: $0
- Other: $0
- Compensation: $16,150
- 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 Prosperity Childcare Inc?
Prosperity Childcare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prosperity Childcare Inc
Prosperity Childcare Inc is dedicated to providing daycare and after-school programs for children, extending its services to include programs and services for senior citizens as well. The primary objective of this nonprofit organization is to allow parents and caregivers to gainfully employ themselves, while ensuring the well-being and education of their young ones. Prosperity Childcare Inc's mission is to offer a secure and nurturing environment for children under the age of eighteen, providing them with educational programs that facilitate their growth and development. This includes both structured learning activities and recreational pursuits, ensuring a well-rounded upbringing. Furthermore, the organization extends its services to senior citizens, offering programs that cater to their unique needs and foster their overall well-being.
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Impact
July, 2024
Prosperity Childcare Inc provides essential daycare and after-school programs for children in Lamar, SC, enabling parents and caregivers to be gainfully employed. Additionally, the organization offers senior citizens programs and services, contributing to the well-being of the community across generations. Prosperity Childcare Inc's impact can be seen in the tangible support it provides to families, children, and seniors, fostering a stronger and more stable community.
This information is meant to be a general summary of Prosperity Childcare 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: $480,335
- Gross Receipts: $923,585
Assets and Liabilities:
- Total Assets: $209,468
- Total Liabilities: $0
- Net Assets: $209,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIVATE PAY - PARENTS
Revenue
$48,245
SC ABC TUITION
Revenue
$380,848
SC FIRST STEPS
Revenue
$51,242
Organization Details
Founding Year
2001
Principal Officer
Thomasena Davis
NTEE Category
Code: P33 - Human services
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