Overview
What is Loving Care Day Care Center Inc?
Loving Care Day Care Center Inc, doing business as A Child's Place, is a nonprofit organization situated in Nicholasville, Kentucky. Primarily, they operate a child development center and a tax-exempt child care center, serving as a child day care organization. Their primary mission is to provide a nurturing environment for the growth and development of children. This includes operating a day care center that ensures the overall well-being of the young attendees.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Loving Care Day Care Center Inc, operating as A Child's Place, has received a low rating due to significant shortcomings in its accountability and financial transparency. With 100% of the rating derived from the Accountability & Finance beacon, the organization scored poorly in several key areas, including a lack of independent board members and missing critical policies related to governance. This has raised concerns about its overall oversight and management practices.
Despite these weaknesses, the organization demonstrated a high program expense ratio of approximately 90.97%, indicating that a large portion of its funds is directed towards its programs rather than administrative costs. Additionally, it maintains a favorable liabilities to assets ratio of 0.55%, suggesting a relatively stable financial position. However, the absence of financial statements and several governance policies highlights areas where improvement is necessary.
Overall, while A Child's Place is fulfilling its mission effectively as reflected in its program spending, the lack of transparency and governance structure could pose risks to its long-term sustainability and credibility. It is recommended that potential donors consider these factors before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Loving Care Day Care Center Inc legitimate?
Loving Care Day Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loving Care 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: $132,840
Professional Fundraising Fees: $0
Other Salaries and Wages: $407,023
For more financial information, click here
What is the mission statement of Loving Care Day Care Center Inc?
Loving Care Day Care Center Inc, doing business as A Child's Place, is dedicated to operating a child development center and a tax-exempt child care center. Their mission, in essence, is to provide a nurturing environment for children in Nicholasville, KY, serving as a reliable child day care organization. Their primary goal is to contribute positively to the growth and development of young learners, ensuring a safe and stimulating atmosphere for their cognitive and social progress.
What is the revenue of Loving Care Day Care Center Inc?
Loving Care Day Care Center Inc's revenue in 2024 was $864,837.
Who are the executives of Loving Care Day Care Center Inc and what are their salaries?
The average compensation at Loving Care Day Care Center Inc during 2024 was $16,359. There are 33 employees at Loving Care Day Care Center Inc.
Here are 3 key members and their salaries:
- Compensation: $16,200
- Related: $0
- Other: $0
- Compensation: $64,800
- Related: $0
- Other: $0
- Compensation: $51,840
- Related: $0
- Other: $0
Where can I find the form 990 for Loving Care Day Care Center Inc?
Loving Care Day Care Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Loving Care Day Care Center Inc
Loving Care Day Care Center Inc, doing business as A Child's Place, is committed to operating a child development center and a tax-exempt child care center. This organization serves as a child day care provider in Nicholasville, KY. Their mission is to create a nurturing environment where children can grow and develop, providing them with essential care and education. A Child's Place strives to contribute positively to the overall development of the children under its care, ensuring they receive a well-rounded educational experience. The center operates as a dedicated child day care organization, prioritizing the well-being and development of the young minds it serves.
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Impact
July, 2024
Loving Care Day Care Center Inc Dba A Child's Place has a significant impact on the local community in Nicholasville, KY by providing essential child development services through its child care organization. By operating a child development center and tax-exempt child care center, A Child's Place plays a crucial role in supporting families by offering quality care and educational opportunities for children. This helps working parents by ensuring their children are in a safe and nurturing environment while they are at work. Through its mission, A Child's Place contributes to the overall well-being and development of children in the community, emphasizing the importance of early childhood education and care.
This information is meant to be a general summary of Loving Care 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.
- Investment Income: $13,164
- Program Service Revenue: $227,468
- Gross Receipts: $864,837
Assets and Liabilities:
- Total Assets: $462,601
- Total Liabilities: $3,176
- Net Assets: $459,425
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Organization Details
Founding Year
1978
Principal Officer
Cilisa Carpenter
NTEE Category
Code: P33 - Human services
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