Overview
What is Waco Child Care Inc?
Waco Child Care Inc is a nonprofit organization headquartered in Waco, Texas, specifically at 1301 Ross Avenue. Their primary mission is to offer daycare services to children from low-income families. The primary funding for these services comes from the Child Care Service program, which is supported by the Texas Workforce Commission. With a dedicated workforce of 30 individuals, Waco Child Care Inc strives to make quality daycare services accessible to families who might otherwise struggle to afford it, thereby contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
Waco Child Care Inc has received a Two-Star rating with a score of 67%, indicating that there are areas needing improvement in its operations and governance. Notably, the organization has maintained strong accountability with 100% independent board members and no material diversion of assets reported, which are positive indicators of its governance structure.
Despite these strengths, Waco Child Care Inc has significant shortcomings related to transparency and policy documentation. The organization lacks essential policies such as conflict of interest, whistleblower, and document retention, as well as a missing website link on its tax form. Additionally, although the program expense ratio is commendable at 73.87%, the financial statements received a poor score due to being classified only as a review or compilation.
In summary, while the organization demonstrates strong governance with a fully independent board and effective program expense management, it must address its transparency issues and implement fundamental policies to enhance its accountability and improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Waco Child Care Inc legitimate?
Waco Child Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waco Child 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:
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Other Salaries and Wages: $467,398
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What is the mission statement of Waco Child Care Inc?
Waco Child Care Inc's mission is centered around offering daycare services to families with limited financial resources. The primary source of funding for this mission is the Child Care Service program, which is financially supported by the Texas Workforce Commission. The organization's goal is to ensure that children from low-income families receive adequate care and attention during their formative years. By providing this service, Waco Child Care Inc aims to contribute positively to the well-being and development of these children, ultimately helping to strengthen their families.
Who is the CEO of Waco Child Care Inc?
Jesse Perez is the Boardmember of Waco Child Care Inc.
What is the revenue of Waco Child Care Inc?
Waco Child Care Inc's revenue in 2022 was $1,471,022.
Who are the executives of Waco Child Care Inc and what are their salaries?
The average compensation at Waco Child Care Inc during 2022 was $15,580. There are 30 employees at Waco Child Care Inc.
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Where can I find the form 990 for Waco Child Care Inc?
Waco Child Care Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waco Child Care Inc
Waco Child Care Inc, a nonprofit organization, is dedicated to providing daycare services for families who are economically disadvantaged. Their primary source of funding comes from the Child Care Service program, which is funded by the Texas Workforce Commission. This mission of Waco Child Care Inc is to offer a nurturing environment for these children, providing them with essential care and education during their formative years. By doing so, the organization aims to support these families, allowing them to focus on their own well-being and financial stability.
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Impact
July, 2024
Waco Child Care Inc provides essential daycare services for children of low-income families in Waco, Texas. The organization's mission is to ensure that children from disadvantaged backgrounds have access to safe and nurturing care while their parents work to support their families. By offering affordable daycare services, Waco Child Care Inc creates opportunities for parents to join the workforce or pursue educational opportunities, ultimately helping to break the cycle of poverty in the community. Through its dedicated efforts, Waco Child Care Inc plays a vital role in supporting the well-being and development of children from vulnerable backgrounds, contributing to a more equitable society.
This information is meant to be a general summary of Waco Child Care 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: $173,175
- Program Service Revenue: $90,609
- Gross Receipts: $1,738,148
Assets and Liabilities:
- Total Assets: $2,151,659
- Total Liabilities: $31,681
- Net Assets: $2,119,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Childcare Fees
Revenue
$90,609
Organization Details
Founding Year
1982
Principal Officer
Jesse Perez
Main Address
1301 Ross Avenue, Waco, TX, 76706
NTEE Category
Code: P33Z - Human services
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