Overview
What is Morristown-Hamblen Child Care Centers Inc?
Morristown-Hamblen Child Care Centers Inc is a nonprofit organization situated in Morristown, Tennessee. Their primary mission is to offer free or reasonably priced child care services to families with limited income or those attending school. Furthermore, they provide early intervention services for children with disabilities and ensure a nurturing, safe, and educational environment for all children enrolled. With around 20 employees, this organization aims to support low-income families and children with developmental delays, as well as those at risk of neglect or abuse, thereby contributing positively to their well-being and development.
Official website here: www.morristown.care
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star Rating
Morristown-Hamblen Child Care Centers Inc has received a commendable rating of 89% from Charity Navigator, primarily reflecting its strong accountability and finance practices. The score is based entirely on one beacon, highlighting the organization’s commitment to transparency and responsible financial management.
The nonprofit boasts a 100% independent board with 10 members, ensuring that decisions are made in the best interest of the organization and its mission. Their financial oversight mechanisms are robust, with a perfect score for the audit and oversight committee. Additionally, the organization has no reported material diversion of assets, reinforcing its reliability as a steward of resources.
However, the liabilities to assets ratio at 59.62% indicates that the organization has notable liabilities compared to its assets. Despite this, the program expense ratio of 97.38% suggests that a significant portion of its budget is directed toward its programs, which is a positive indicator of its operational focus on mission delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Morristown-Hamblen Child Care Centers Inc legitimate?
Morristown-Hamblen Child Care Centers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morristown-Hamblen Child Care Centers 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: $424,753
For more financial information, click here
Official website here: www.morristown.care
What is the mission statement of Morristown-Hamblen Child Care Centers Inc?
Morristown-Hamblen Child Care Centers Inc is committed to offering free early intervention services to children with disabilities and providing affordable, developmental child care for children from low-income families. This is done in an secure, nurturing, and conducive learning environment. The organization aims to support low-income working parents or parents attending school by offering affordable child care options. Additionally, they provide care for children with developmental delays and those at risk of neglect or abuse.
Official website here: www.morristown.care
What is the revenue of Morristown-Hamblen Child Care Centers Inc?
Morristown-Hamblen Child Care Centers Inc's revenue in 2024 was $1,125,775.
Official website here: www.morristown.care
Who are the executives of Morristown-Hamblen Child Care Centers Inc and what are their salaries?
The average compensation at Morristown-Hamblen Child Care Centers Inc during 2024 was $20,226. There are 21 employees at Morristown-Hamblen Child Care Centers Inc.
Here are 10 key members and their salaries:
- Compensation: $69,966
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- Other: $0
Official website here: www.morristown.care
Where can I find the form 990 for Morristown-Hamblen Child Care Centers Inc?
Morristown-Hamblen Child Care Centers Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.morristown.care
Learn more at the official website: www.morristown.care
Mission Statement of Morristown-Hamblen Child Care Centers Inc
Morristown-Hamblen Child Care Centers Inc is committed to serving a noble cause. Their mission is threefold: firstly, they offer free early intervention services for children with disabilities. These services aim to identify and address the unique needs of these children, ensuring they have the best possible start in life. Secondly, the center provides low-cost, developmental child care for children from low-income families. This service is designed to support the education and growth of these children in a safe and nurturing environment, allowing their parents to work or attend school without worrying about their childcare needs. Lastly, Morristown-Hamblen Child Care Centers Inc strives to provide a learning environment for children who are at risk of neglect or abuse. By offering these services, the organization seeks to promote the overall well-being and development of these children, providing them with the tools they need to thrive.
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Impact
July, 2024
Morristown-Hamblen Child Care Centers Inc's impact lies in providing crucial early intervention services for children with disabilities and offering affordable developmental child care for children from low-income families. By creating a safe, nurturing, and stimulating learning environment, they support working parents and those attending school by providing free or low-cost child care. This initiative not only helps families in need but also contributes to the overall welfare and development of children who may be at risk for neglect or abuse.
This information is meant to be a general summary of Morristown-Hamblen Child Care Centers 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: $125,865
- Gross Receipts: $1,125,775
Assets and Liabilities:
- Total Assets: $170,563
- Total Liabilities: $105,563
- Net Assets: $65,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$125,865
Organization Details
Founding Year
1964
Principal Officer
Michelle Jones
Website
www.morristown.careNTEE Category
Code: P33 - Human services
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