Overview
What is James Rushton I Foundation?
The James Rushton I Foundation is a nonprofit organization situated in Birmingham, Alabama. Their primary mission is to offer a child development center catering to children aged between six weeks and three years old. This center serves as an affordable daycare option for low-income parents, allowing them to maintain employment and reduce their reliance on government subsidies. The foundation is committed to providing top-notch early childhood education programs and services, ensuring the growth and development of these young minds. With a team of 41 dedicated individuals, the James Rushton I Foundation plays a significant role in supporting families and setting children on a path for future success.
Official website here: www.jr1.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The James Rushton I Foundation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 62%. This rating indicates that while the organization excels in accountability and finance, there are significant areas for improvement, particularly in governance and transparency. The foundation scored well in its program expense ratio, reflecting its commitment to programmatic spending, but it lacks independent board members and has not provided financial statements, which are critical for donor trust.
Strengths of the foundation include a favorable liability to assets ratio and a high program expense ratio, indicating effective financial management regarding its mission-related activities. Additionally, it has policies in place for whistleblower protection and document retention, showcasing some level of organizational governance. However, the absence of independent board members raises concerns about oversight and potential conflicts of interest.
Limitations are prominent, particularly in transparency practices. The foundation has not posted its financial statements online, nor does it maintain a conflict of interest policy, which can undermine trust among stakeholders. The lack of independent oversight on its board is also a critical area that could affect its operational integrity and accountability to the public.
This AI summary has been generated from information found on Charity Navigator.
Is James Rushton I Foundation legitimate?
James Rushton I Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. James Rushton I Foundation 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: $95,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,381,743
For more financial information, click here
Official website here: www.jr1.org
What is the mission statement of James Rushton I Foundation?
The James Rushton I Foundation's mission is centered around providing top-notch early childhood education programs and services. This organization specifically targets children in the age range of six weeks to three years old. The primary aim is to offer affordable daycare solutions, enabling low-income parents to maintain employment, reducing their reliance on government subsidies. The foundation's activities are based on the belief that quality early childhood education significantly impacts a child's development.
Official website here: www.jr1.org
Who is the CEO of James Rushton I Foundation?
Deakins F Rushton is the President of James Rushton I Foundation.
Official website here: www.jr1.org
What is the revenue of James Rushton I Foundation?
James Rushton I Foundation's revenue in 2022 was $2,954,448.
Official website here: www.jr1.org
Who are the executives of James Rushton I Foundation and what are their salaries?
The average compensation at James Rushton I Foundation during 2022 was $36,018. There are 41 employees at James Rushton I Foundation.
Here are 3 key members and their salaries:
- Compensation: $95,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.jr1.org
Where can I find the form 990 for James Rushton I Foundation?
James Rushton I Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jr1.org
Learn more at the official website: www.jr1.org
Mission Statement of James Rushton I Foundation
The James Rushton I Foundation, named after its benefactor, is committed to delivering top-notch early childhood education programs and services. Its mission, specifically, is geared towards children aged between six weeks and three years. The organization aims to offer these young learners with high-quality educational experiences that equip them for their future developmental stages. By providing these services, the James Rushton I Foundation seeks to enable low-income parents to actively participate in the workforce, reducing their reliance on government subsidies. The tuition fees for the child development center are structured based on the parents' income, ensuring that the service remains affordable and accessible to those who need it most.
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Impact
July, 2024
The James Rushton I Foundation has a significant impact on the community by providing high-quality early childhood education programs and services to children between six weeks and three years of age. By operating a child development center for this age group, the foundation offers affordable daycare for low-income parents, enabling them to work and support their families without relying on government subsidies. This initiative not only supports the children's development and education but also empowers parents to be part of the workforce. This resonates with the foundation's mission to deliver exceptional early childhood education programs and services to children under three years old, making a tangible difference in the lives of families in Birmingham, AL.
This information is meant to be a general summary of James Rushton I Foundation. 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: $1,255,342
- Program Service Revenue: $518,131
- Gross Receipts: $5,907,042
Assets and Liabilities:
- Total Assets: $31,351,856
- Total Liabilities: $9,826
- Net Assets: $31,342,030
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Parent tuition
Revenue
$218,100
Tuition subsidy AL Dept of Human
Revenue
$217,071
USDA reimb. income
Revenue
$82,960
Organization Details
Founding Year
1986
Phone
(205) 322-1951Principal Officer
Deakins F Rushton
Main Address
3 Office Park Circle 250, Birmingham, AL, 35223
Website
www.jr1.orgNTEE Category
Code: B24 - Education
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