Overview
What is Hobe Sound Child Care Center Inc?
Hobe Sound Child Care Center Inc, established in 1962, is a dedicated nonprofit organization based in Hobe Sound, Florida. With a volunteer Board of Directors, the center is committed to offering high-quality early childhood education for children between the ages of one and five. The Child Care Center, known as the Hobe Sound Early Learning Center, employs 59 individuals and is fully accredited for early childhood education and Voluntary Pre-Kindergarten. They operate a child-friendly center, providing both full and half-day programs, currently enrolling 140 children. The center's mission is to create a safe, nurturing, and stimulating environment that supports each child's individual success and fosters a love of learning. The Hobe Sound Early Learning Center values children's work, respects individuality, esteems family, and encourages community involvement.
Official website here: www.hobesoundearlylearningcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Star Rating
Hobe Sound Child Care Center Inc has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, with a score of 95%. This high rating indicates that the organization demonstrates a commitment to fiscal transparency, effective governance, and responsible management of funds. The rating is particularly influenced by the organization’s independent board structure and lack of material diversions of assets.
Strengths of the organization include a fully independent board, comprehensive financial oversight, and a strong program expense ratio of 84.80%, signifying that a significant portion of its expenses directly support its mission. The organization also scored perfectly in areas such as audit oversight, financial reporting, and maintaining a conflict of interest policy, although it lacks a whistleblower policy, which is noted as a limitation in the governance aspect.
Overall, Hobe Sound Child Care Center Inc shows a robust financial health with a low fundraising efficiency cost, indicating that it maximizes the funds raised for its programs. With a working capital ratio of 1.47 years, it appears well-positioned to sustain its operations and fulfill its mission of providing quality childcare services.
This AI summary has been generated from information found on Charity Navigator.
Is Hobe Sound Child Care Center Inc legitimate?
Hobe Sound Child Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hobe Sound Child Care 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: $1,634,198
For more financial information, click here
Official website here: www.hobesoundearlylearningcenter.org
What is the mission statement of Hobe Sound Child Care Center Inc?
The Hobe Sound Child Care Center Inc is committed to establishing a secure, nurturing, and stimulating educational setting that encourages every child's unique growth and passion for learning. Valuing the work of children and respecting individuality, the center prioritizes family involvement and encourages community participation. The dedicated staff at the center is firmly committed to delivering exceptional education and care to each enrolled child, upholding the highest standards for early childhood education. The Hobe Sound Early Learning Center serves children aged one to five in its accredited facility, offering full and half-day programs to a community of 140 children.
Official website here: www.hobesoundearlylearningcenter.org
What is the revenue of Hobe Sound Child Care Center Inc?
Hobe Sound Child Care Center Inc's revenue in 2023 was $3,702,765.
Official website here: www.hobesoundearlylearningcenter.org
Who are the executives of Hobe Sound Child Care Center Inc and what are their salaries?
The average compensation at Hobe Sound Child Care Center Inc during 2023 was $19,689. There are 83 employees and 10 volunteers at Hobe Sound Child Care Center Inc.
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- Compensation: $65,139
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- Other: $2,799
Official website here: www.hobesoundearlylearningcenter.org
Where can I find the form 990 for Hobe Sound Child Care Center Inc?
Hobe Sound Child Care Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hobesoundearlylearningcenter.org
Learn more at the official website: www.hobesoundearlylearningcenter.org
Mission Statement of Hobe Sound Child Care Center Inc
Hobe Sound Child Care Center Inc is committed to establishing a secure, stimulating, and child-focused learning environment that encourages each child's unique growth and love for education. This nonprofit organization, referred to as the Hobe Sound Early Learning Center, holds a strong belief in the significance of each child's individuality and the importance of family values. The center's dedicated team of experienced professionals is dedicated to delivering the highest standard of education and care to every enrolled child. Governed by a volunteer Board of Directors comprising parents and community members, Hobe Sound Early Learning Center is fully accredited for early childhood education and Voluntary Pre-Kindergarten. The Board and staff work tirelessly to create a developmentally appropriate program that caters to every child's needs.
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Impact
July, 2024
Hobe Sound Child Care Center Inc, known as the Hobe Sound Early Learning Center, is dedicated to providing a safe, nurturing, and stimulating educational environment for children aged one through five. Since its founding in 1962, the center has enrolled 140 children in full and half-day programs, fostering each child's individual success and love for learning. Governed by a volunteer Board of Directors comprising parents and community members, the center is fully accredited for early childhood education and Voluntary Pre-Kindergarten. By valuing the work of children, respecting individuality, and encouraging family and community involvement, the Hobe Sound Early Learning Center makes a significant impact on the development and education of young children in Hobe Sound, Florida.
This information is meant to be a general summary of Hobe Sound Child Care 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 2023.
- Investment Income: $75,092
- Program Service Revenue: $726,408
- Gross Receipts: $3,702,765
Assets and Liabilities:
- Total Assets: $3,234,305
- Total Liabilities: $897,222
- Net Assets: $2,337,083
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$726,408
Organization Details
Founding Year
1965
Principal Officer
Tom Weber
NTEE Category
Code: P33Z - Human services
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