Overview
What is Holly Street Corporation?
Holly Street Corporation is a nonprofit organization situated in Nashville, Tennessee, specifically at 1401 Holly Street. Their primary mission is to offer child care services within an underprivileged community, thereby enabling the parents to secure stable employment. The organization, with a team of 20 dedicated individuals, strives to make a significant impact on the lives of those in need by providing essential child care services.
Official website here: www.hollystreet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. This rating indicates that while Holly Street Corporation demonstrates a reasonable level of accountability and financial health, it may not fully meet the highest standards set by Charity Navigator.
The organization scores well in several key areas, particularly with a strong program expense ratio of 82.36%, indicating that a significant portion of its expenditures goes directly to its programs. Additionally, it boasts a fully independent board and has no material diversion of assets, which suggests good governance practices are in place.
However, the overall rating of 69% reflects some limitations in its overall financial performance compared to its peers. While it retains a solid accountability framework, further improvements in financial transparency and operational efficiency could enhance its standing and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Holly Street Corporation legitimate?
Holly Street Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holly Street Corporation 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: $865,030
For more financial information, click here
Official website here: www.hollystreet.org
What is the mission statement of Holly Street Corporation?
Holly Street Corporation's mission revolves around offering child care services in underprivileged communities, thereby enabling parents to secure employment. By providing this essential service, the organization contributes significantly to the overall socio-economic development of the community, ensuring that both children and parents can thrive. The organization's activities are centered around fostering an environment that supports the employment of parents, thereby uplifting their living standards and ultimately, the community as a whole.
Official website here: www.hollystreet.org
Who is the CEO of Holly Street Corporation?
Karen Stump is the Executive Director of Holly Street Corporation.
Official website here: www.hollystreet.org
What is the revenue of Holly Street Corporation?
Holly Street Corporation's revenue in 2022 was $1,534,147.
Official website here: www.hollystreet.org
Who are the executives of Holly Street Corporation and what are their salaries?
The average compensation at Holly Street Corporation during 2022 was $43,252. There are 20 employees and 10 volunteers at Holly Street Corporation.
Here are 6 key members and their salaries:
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Official website here: www.hollystreet.org
Where can I find the form 990 for Holly Street Corporation?
Holly Street Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hollystreet.org
Learn more at the official website: www.hollystreet.org
Mission Statement of Holly Street Corporation
Holly Street Corporation, a notable organization, is dedicated to serving an underprivileged community by providing essential child care services. This mission allows the parents in this community to secure employment and improve their livelihoods. The organization's primary goal is to bridge the gap between childcare needs and employment opportunities, thereby uplifting the entire community. By offering reliable child care services, Holly Street Corporation enables parents to actively participate in the workforce, ultimately contributing to their personal growth and the betterment of their families.
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Impact
July, 2024
Holly Street Corporation's impact can be seen in its provision of essential child care services to an underprivileged community in Nashville, Tennessee. By offering these services, the organization enables parents in the community to secure gainful employment. This not only supports the parents in their pursuit of economic stability but also contributes to the overall well-being and development of the children in their care. Through its mission of providing child care services, Holly Street Corporation plays a significant role in addressing the needs of the community and fostering positive outcomes for both parents and children.
This information is meant to be a general summary of Holly Street Corporation. 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.
- Investment Income: $318
- Program Service Revenue: $993,655
- Gross Receipts: $1,534,147
Assets and Liabilities:
- Total Assets: $1,652,817
- Total Liabilities: $123,680
- Net Assets: $1,529,137
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and fees
Revenue
$993,655
Organization Details
Founding Year
1990
Phone
(615) 389-0009Principal Officer
Karen Stump
Main Address
1401 Holly Street, Nashville, TN, 37206
Website
www.hollystreet.orgNTEE Category
Code: P33Z - Human services
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