Overview
What is Model City Day Care Center Inc?
Model City Day Care Center Inc, situated in Pikeville, Kentucky, serves as a vital nonprofit organization providing daily care for approximately 200 children. The center extends beyond basic childcare, offering educational, medical, and nutritional support. This includes meals such as breakfast, lunch, and a snack, with fees adjusted according to families' income levels. The daycare center's mission is to ensure the overall well-being of its young attendees, ensuring they receive necessary healthcare and proper nutrition. With a dedicated workforce of 57 employees, Model City Day Care Center Inc is committed to fostering the growth and development of the children under its care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Model City Day Care Center Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 50% overall, reflecting a lack of independent oversight with 0% independent members on its board. This raises questions about governance and transparency, which are critical for building trust with donors and the community.
The organization demonstrates some strengths in its financial management, notably achieving a program expense ratio of 91.10%, which suggests that a substantial portion of its resources is directed towards its programs rather than administrative costs. However, the absence of critical documents and policies, including financial statements and a conflict of interest policy, could hinder its effectiveness and accountability.
Moreover, Model City Day Care Center Inc is missing essential elements that contribute to transparency, such as a public website for tax forms and documented board meeting minutes. These gaps in governance could impact donor confidence and the organization’s overall reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Model City Day Care Center Inc legitimate?
Model City Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Model City Day 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: $847,758
For more financial information, click here
What is the mission statement of Model City Day Care Center Inc?
Model City Day Care Center Inc's mission is centered around providing daily services for around 200 children. This mission extends beyond just daycare, encompassing educational, medical, and nutritional needs. The center offers breakfast, lunch, and a snack, and the fee for these services is based on the family's income. This approach ensures that all children, regardless of their financial situation, have access to essential meals. The daycare center's mission is to provide a comprehensive support system for young children, fostering their overall development and well-being.
What is the revenue of Model City Day Care Center Inc?
Model City Day Care Center Inc's revenue in 2024 was $1,423,486.
Who are the executives of Model City Day Care Center Inc and what are their salaries?
The average compensation at Model City Day Care Center Inc during 2024 was $20,185. There are 42 employees at Model City Day Care Center Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Model City Day Care Center Inc?
Model City Day Care Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Model City Day Care Center Inc
Model City Day Care Center Inc is committed to providing daily services for around 200 children. Beyond this, the center offers a comprehensive range of support, including educational, medical, and nutritional assistance. This support takes various forms, such as breakfast, lunch, and a mid-afternoon snack, all provided based on an income-based fee schedule. This flexible fee structure ensures that the daycare center is accessible to a broad spectrum of families. The center's mission is not just about childcare, but also about ensuring the overall well-being of the children in its care. It strives to provide a nurturing environment that supports their growth and development in all aspects of life.
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Impact
July, 2024
Model City Day Care Center Inc impacts the community by providing daily services for approximately 200 children in Pikeville, KY. The center offers educational, medical, and nutritional services, including breakfast, lunch, and snacks based on an income fee schedule. Through its mission, the daycare center plays a crucial role in supporting families and ensuring the well-being of children in the area.
This information is meant to be a general summary of Model City Day 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 2024.
- Program Service Revenue: $752,209
- Gross Receipts: $1,423,486
Assets and Liabilities:
- Total Assets: $959,838
- Total Liabilities: $0
- Net Assets: $959,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OIL WELL ROYALTIES
Revenue
$1,003
Organization Details
Founding Year
1975
Principal Officer
Sherry Younce
NTEE Category
Code: P33 - Human services
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