Overview
What is Mississippi Low-Income Childcare Intiative Inc?
Mississippi Low-Income Childcare Initiative Inc. is a nonprofit organization situated in Biloxi, Mississippi. Its primary mission is to shed light on the ineffectiveness and inequality in the low-income childcare sector. To accomplish this, the organization focuses on educating and training childcare providers who serve families from lower income backgrounds. Additionally, it aims to improve and develop existing childcare centers to better serve these families. With a team of 10 dedicated individuals, Mississippi Low-Income Childcare Initiative Inc. is committed to fostering a supportive environment for both childcare providers and the children they care for.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Mississippi Low-Income Childcare Initiative Inc has achieved a high rating of 94% from Charity Navigator, indicating strong accountability and financial management. The organization has excelled in all evaluated areas, particularly in maintaining an independent board and having sound financial statements. With an impressive program expense ratio of 93.03%, it demonstrates a commitment to directing a significant portion of its resources toward its mission of supporting low-income childcare.
The organization has implemented robust governance practices, as evidenced by its policies on conflict of interest, whistleblower protection, and document retention, all of which received top scores. The independent board consists entirely of members who do not have conflicting interests, contributing to the organization’s credibility and stakeholder confidence. The absence of material diversions of assets further highlights its financial integrity.
While the organization showcases a strong financial profile, it is important for potential donors to consider the impact of their contributions and how effectively the organization addresses the needs of low-income families. Additionally, the salaries of the key personnel indicate a modest compensation structure, reflecting a commitment to prioritizing funding for programs over administrative costs.
This AI summary has been generated from information found on Charity Navigator.
Is Mississippi Low-Income Childcare Intiative Inc legitimate?
Mississippi Low-Income Childcare Intiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi Low-Income Childcare Intiative 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: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,569
For more financial information, click here
What is the mission statement of Mississippi Low-Income Childcare Intiative Inc?
The Mississippi Low-Income Childcare Initiative Inc's mission is centered around raising awareness, offering training, and fostering understanding among childcare providers who serve low-income families. Their goal is also to enhance and develop these childcare centers. The organization aims to bring light to ineffective policies and inequality within the low-income childcare sector.
Who is the CEO of Mississippi Low-Income Childcare Intiative Inc?
Carol Burnett is the President of Mississippi Low-Income Childcare Intiative Inc.
What is the revenue of Mississippi Low-Income Childcare Intiative Inc?
Mississippi Low-Income Childcare Intiative Inc's revenue in 2022 was $588,321.
Who are the executives of Mississippi Low-Income Childcare Intiative Inc and what are their salaries?
The average compensation at Mississippi Low-Income Childcare Intiative Inc during 2022 was $39,657. There are 10 employees at Mississippi Low-Income Childcare Intiative Inc.
Here are 8 key members and their salaries:
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- Compensation: $40,000
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Where can I find the form 990 for Mississippi Low-Income Childcare Intiative Inc?
Mississippi Low-Income Childcare Intiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mississippi Low-Income Childcare Intiative Inc
Mississippi Low-Income Childcare Initiative Inc is committed to raising awareness, offering training, and fostering understanding among childcare providers who cater to families of low income. Their mission is twofold: firstly, they aim to enhance and develop these childcare centers, ensuring they provide the best possible care. Secondly, they work tirelessly to highlight the ineffectiveness of policies and the inequality prevalent in the low-income childcare sector. By addressing these issues, Mississippi Low-Income Childcare Initiative Inc strives to contribute positively to the lives of both children and their caregivers, ultimately fostering a more equitable and effective childcare system.
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Impact
July, 2024
Mississippi Low-Income Childcare Initiative Inc has made a significant impact in fostering awareness, providing training, and enhancing understanding among childcare providers serving low-income families. By highlighting ineffective policies and addressing inequalities in the low-income childcare sector, this organization has played a crucial role in improving the quality of childcare services for vulnerable populations. Through its efforts in development, training, and enhancement of childcare centers, Mississippi Low-Income Childcare Initiative Inc has positively influenced the lives of countless children and families in the BILOXI area of Mississippi.
This information is meant to be a general summary of Mississippi Low-Income Childcare Intiative 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.
- Investment Income: $557
- Gross Receipts: $588,321
Assets and Liabilities:
- Total Assets: $1,191,126
- Total Liabilities: $183,173
- Net Assets: $1,007,953
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Organization Details
Founding Year
2001
Phone
(228) 669-4827Principal Officer
Carol Burnett
Main Address
P O Box 204, Biloxi, MS, 39530
NTEE Category
Code: P30 - Human services
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