Overview
What is Kids Rainbow Daycare Inc?
Kids Rainbow Daycare Inc, situated in Bruce, Mississippi, is a nonprofit organization dedicated to providing full-time childcare and learning activities. Catering to approximately 60-70 preschool and school-aged children each week, they offer before and after-school services. Their primary mission focuses on childcare and early development, ensuring a nurturing environment for the young ones. The organization is governed by a three-member board of directors, with equal voting rights for each member. They document meetings and actions in writing, and key employees can be reached via the organization's mailing address. There are no affiliate chapters or branches associated with Kids Rainbow Daycare Inc. The organization's dedicated staff is hired based on their relevant experience in daycare and competitively rated within the region. Employees' compensation and hours worked are not specified in the provided information. The organization's financial information, including the Form 990, is publicly available for review.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Kids Rainbow Daycare Inc has received a two-star rating from Charity Navigator, indicating that it meets some of the necessary standards for accountability and finance but has significant areas for improvement. The organization excels in areas such as having an independent board, documenting board meeting minutes, and maintaining a healthy liabilities to assets ratio. These strengths suggest a level of financial stability and governance transparency.
However, the organization has several notable shortcomings. It lacks essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for ensuring ethical operations and accountability. Additionally, the absence of a tax form website disclosure raises concerns about transparency, which could affect donor trust and engagement. Overall, while Kids Rainbow Daycare Inc demonstrates some positive financial practices, its governance needs enhancement to improve its overall rating and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Kids Rainbow Daycare Inc legitimate?
Kids Rainbow Daycare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kids Rainbow Daycare 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: $177,526
For more financial information, click here
What is the mission statement of Kids Rainbow Daycare Inc?
Kids Rainbow Daycare Inc, as an organization, is primarily focused on childcare and early development. Their governing board, comprised of three members with equal voting rights, ensures that the organization's decisions are made collectively. The organization maintains records of its meetings and actions, and key employees can be reached at its mailing address. There are no affiliated chapters or branches within Kids Rainbow Daycare Inc. The organization's top directors, including retired school teachers, discuss its operations in meetings prior to filing returns. Employees are hired and compensated based on their relevant daycare experience and competitive rates within the region. The organization's financial information, including the Form 990, is publicly accessible through word of mouth.
Who is the CEO of Kids Rainbow Daycare Inc?
Debra Petty is the Member of Kids Rainbow Daycare Inc.
What is the revenue of Kids Rainbow Daycare Inc?
Kids Rainbow Daycare Inc's revenue in 2022 was $717,275.
Who are the executives of Kids Rainbow Daycare Inc and what are their salaries?
The average compensation at Kids Rainbow Daycare Inc during 2022 was $25,361. There are 7 employees at Kids Rainbow Daycare Inc.
Here are 5 key members and their salaries:
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- Other: $0
Where can I find the form 990 for Kids Rainbow Daycare Inc?
Kids Rainbow Daycare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kids Rainbow Daycare Inc
Kids Rainbow Daycare Inc is committed to providing childcare and early development services. Their mission is overseen by a governing board of directors, all of whom have equal voting rights. This organization, dedicated to the well-being of young children, documents its meetings and actions meticulously. The directors, comprised of retired school teachers, strive to provide a nurturing environment for the children under their care.
Employees at Kids Rainbow Daycare Inc are carefully selected and compensated based on their experience in daycare and their competitive standing within their region of the country. The organization values transparency, making the Form 990, an annual report required of nonprofit organizations, readily available for public viewing. This is typically done through word of mouth, allowing the community to gain insight into the organization's operations and finances.
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Impact
July, 2024
Kids Rainbow Daycare Inc's impact is significant in providing full-time childcare and early development activities to 60-70 preschool and school-age children per week in Bruce, MS. The organization, governed by a board of three retired school teachers, ensures quality care and learning experiences for children. By offering competitive compensation to experienced employees, Kids Rainbow Daycare Inc contributes to the well-being and education of children in the region.
This information is meant to be a general summary of Kids Rainbow Daycare 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 2022.
- Program Service Revenue: $672,188
- Gross Receipts: $717,275
Assets and Liabilities:
- Total Assets: $509,698
- Total Liabilities: $28,891
- Net Assets: $480,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE FEES
Revenue
$672,188
Organization Details
Phone
(662) 983-4100Principal Officer
Debra Petty
Main Address
P O BOX 1536, BRUCE, MS, 38915
NTEE Category
Code: B21 - Education
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