Overview
What is Bright Futures Early Childhood Center Inc?
Bright Futures Early Childhood Center Inc is a nonprofit organization situated in the Bronx, New York, specifically at 3537 Holland Avenue. Established in December 2014, the center currently serves eight children. With a vision to expand its reach, it seeks additional funding and an end to the pandemic. However, due to the current health crisis, the center has temporarily suspended operations and is utilizing this time to renovate its facility. The primary mission of Bright Futures Early Childhood Center Inc is to deliver high-quality day care and pre-K education to the local community, aiming to contribute positively to the children's early development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star Rating
Bright Futures Early Childhood Center Inc has received a low rating of 55%, indicating concerns regarding its financial accountability and governance. While the organization benefits from a majority of independent board members, it struggles in areas such as board size and lacks a clear whistleblower and document retention policy, which are critical for transparency and ethical management.
Strengths include a solid program expense ratio, indicating that a significant portion of funds is directed toward its programs. However, the organization has notable weaknesses, particularly in financial management, as reflected in its liabilities to assets ratio, which scored zero. This could raise concerns about the organization's long-term sustainability and ability to manage its financial responsibilities.
The absence of a readily accessible website and insufficient policies may hinder stakeholder trust and engagement. Overall, while Bright Futures has some strong governance elements, its overall rating suggests the need for improvement in critical operational areas to enhance transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Bright Futures Early Childhood Center Inc legitimate?
Bright Futures Early Childhood Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Futures Early Childhood 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: $0
For more financial information, click here
What is the mission statement of Bright Futures Early Childhood Center Inc?
Bright Futures Early Childhood Center Inc's mission is centered around providing top-notch day care and pre-K education to the local community. The organization strives to maintain high-quality services, aiming to expand its reach upon securing additional funding and the conclusion of the pandemic. Currently, it serves eight children. Due to the pandemic, the center has temporarily halted operations and has taken the opportunity to renovate its facility.
Who is the CEO of Bright Futures Early Childhood Center Inc?
Arthur Santiago 3 is the Vice President of Bright Futures Early Childhood Center Inc.
What is the revenue of Bright Futures Early Childhood Center Inc?
Bright Futures Early Childhood Center Inc's revenue in 2022 was $0.
Who are the executives of Bright Futures Early Childhood Center Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bright Futures Early Childhood Center Inc?
Bright Futures Early Childhood Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bright Futures Early Childhood Center Inc
Bright Futures Early Childhood Center Inc is dedicated to providing top-notch day care and pre-K education for the local community. Their mission is crystal clear: to offer high-quality early childhood education and care services to local children. Since its establishment in December 2014, the center has been serving eight young learners, with plans to expand its reach upon securing additional funding and the end of the pandemic. However, due to the ongoing pandemic, Bright Futures Early Childhood Center Inc has temporarily suspended operations. Despite this setback, the organization has taken advantage of the downtime to renovate its facility, ensuring it will be ready to welcome more children once normal operations resume.
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Impact
October, 2024
Bright Futures Early Childhood Center Inc significantly impacts the Bronx community by providing quality daycare and pre-kindergarten services. Established in December 2014, the center aims to foster early childhood development and prepare young children for future educational success. Although currently serving eight children, it has plans to expand its services when additional funding becomes available and as conditions improve post-pandemic. Despite temporary operational suspensions due to the pandemic, the organization has taken the opportunity to renovate its facility, ensuring a safe and enriching environment for future students. This commitment to enhancing early childhood education is vital for supporting local families and nurturing the next generation of learners.
This information is meant to be a general summary of Bright Futures Early Childhood 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.
Assets and Liabilities:
- Total Assets: $52,350
- Total Liabilities: $220,037
- Net Assets: -$167,687
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Organization Details
Founding Year
2003
Principal Officer
Arthur Santiago 3
Main Address
3537 HOLLAND AVENUE, BRONX, NY, 10467
NTEE Category
Code: P33 - Human services
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