Overview
What is Centro Mater Inc?
Centro Mater Inc is a nonprofit organization situated in Miami, Florida. Their primary focus is to support Catholic Charities of the Archdiocese of Miami, Inc., a fellow 501(c)(3) organization, by raising funds and providing physical facilities for their daycare centers. Specifically, Centro Mater Inc contributes to the operation of these daycare centers, offering essential resources for the care and education of children. This collaboration aims to contribute positively to the community by providing safe and nurturing environments for young children while upholding the values of Catholic Charities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 73%)
Centro Mater Inc has received a two-star rating from Charity Navigator, indicating that the organization requires improvement in various operational areas. The overall score of 73% reflects solid performance in certain accountability and finance metrics, such as a perfect program expense ratio and no liabilities. The board structure also appears strong, with all members being independent and effectively documenting meeting minutes.
However, the organization faces significant gaps in transparency and governance practices. Key policies, including those related to conflict of interest, whistleblower protections, and document retention, are missing, which raises concerns about its operational integrity. Additionally, the absence of publicly available tax forms on its website diminishes its financial transparency.
In summary, while Centro Mater Inc demonstrates strengths in financial management and board independence, critical areas for improvement exist in governance and public dissemination of information. Addressing these shortcomings could enhance its accountability and reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Centro Mater Inc legitimate?
Centro Mater Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centro Mater 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.
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What is the mission statement of Centro Mater Inc?
Centro Mater Inc's mission is centered around providing support for day care centers, specifically those operated by Catholic Charities of the Archdiocese of Miami, Inc. This not-for-profit organization operates under the 501(c)(3) umbrella. Their primary role is to offer funding and physical facilities to these day care centers, thereby contributing to their operation and growth.
Who is the CEO of Centro Mater Inc?
Octavio Verdeja is the Chairman of Centro Mater Inc.
What is the revenue of Centro Mater Inc?
Centro Mater Inc's revenue in 2022 was $10,003.
Who are the executives of Centro Mater Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Centro Mater Inc?
Centro Mater Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Centro Mater Inc
Centro Mater Inc, a not-for-profit 501(c)(3) organization, is dedicated to providing essential facilities for day care centers. This mission is fulfilled by collaborating with Catholic Charities of the Archdiocese of Miami, Inc. Centro Mater Inc's role is twofold: it raises funds and offers physical structures to support these day care centers operated by Catholic Health. By providing these resources, Centro Mater Inc contributes to the well-being of young children, playing a vital role in their early development and education.
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Impact
August, 2024
Centro Mater Inc provides essential facilities for day care centers operated by Catholic Charities of the Archdiocese of Miami, Inc. This support is crucial in ensuring that children in the Miami area have access to high-quality daycare services. By fundraising and providing physical facilities, Centro Mater Inc plays a key role in supporting the educational and developmental needs of these children. Their impact is evident in the positive outcomes for the children who benefit from their services, helping to create a stronger and more educated community.
This information is meant to be a general summary of Centro Mater 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: $3
- Gross Receipts: $10,003
Assets and Liabilities:
- Total Assets: $731,140
- Total Liabilities: $0
- Net Assets: $731,140
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Organization Details
Founding Year
1974
Phone
(305) 545-7720Principal Officer
Octavio Verdeja
Main Address
418 SW 4TH AVENUE, MIAMI, FL, 33130
NTEE Category
Code: B28 - Education
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