Novato Enrichment Care Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)

Novato Enrichment Care Inc, also known as Miss Nicky's Preschool, has received a Two-Star rating from Charity Navigator, indicating a need for improvement. The organization scores 69% overall, with particular strengths in having a fully independent board and maintaining a low liabilities to assets ratio, which demonstrates fiscal responsibility. Additionally, a high program expense ratio of 76.83% suggests that a significant portion of funds is directed toward its mission-related activities.

However, the organization faces notable limitations in its accountability and transparency practices. It has not provided financial statements or established key policies related to conflict of interest, whistleblowing, and document retention, which are essential for ensuring trust and governance. The lack of documented policies and publicly available tax forms can hinder stakeholder confidence in the organization's operations.

While Miss Nicky's Preschool exhibits some strengths in governance and financial prudence, addressing its gaps in transparency and accountability will be vital for enhancing its overall rating and fostering trust among donors and the community.

This AI summary has been generated from information found on Charity Navigator.

Novato Enrichment Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Novato Enrichment Care 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: $191,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $255,721

For more financial information, click here

Official website here: www.missnickyspreschool.com