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Space Family Education Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 760300320 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Space Family Education Inc?

Space Family Education Inc, situated in Houston, Texas, is a nonprofit organization that specializes in offering childcare services. Specifically, they cater to the employees of the NASA Johnson Space Center, providing them with essential support. The organization is committed to enhancing the work-life balance of these employees by ensuring the well-being of their children during work hours. Their operations are based at 2101 NASA PARKWAY MAIL CODE B210, Houston, Texas. The nonprofit employs a team of dedicated individuals, with a total of 52 as per the latest records.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

Space Family Education Inc has been rated with a 79% score, indicating a solid performance in both accountability and finance. A significant strength is the organization's commitment to governance, demonstrated by its 100% independent board members, and the presence of key policies such as conflict of interest and whistleblower protections. Furthermore, the organization shows strong financial health with a low liabilities to assets ratio and a high program expense ratio, ensuring that the majority of funds are directed towards its educational programs.

The accountability measures in place, including documented board meeting minutes and policies for document retention and destruction, illustrate a transparent and well-managed organization. This transparency, combined with effective oversight mechanisms, strengthens the charity's credibility and enhances trust among donors and stakeholders.

While the overall rating is commendable, there is always room for improvement, such as increasing the visibility of their impact metrics and program outcomes. Nevertheless, Space Family Education Inc appears to be a responsible organization, effectively utilizing its resources for its mission of supporting education.


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

Is Space Family Education Inc legitimate?

Space Family Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Space Family Education 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: $52,218
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,017,354

For more financial information, click here

What is the mission statement of Space Family Education Inc?

Space Family Education Inc's primary role is to offer childcare services. This organization is committed to catering to the needs of the employees working at the NASA Johnson Space Center, located in Houston, Texas. By providing this service, Space Family Education Inc aims to support these professionals in balancing their work and family responsibilities, thereby contributing to their overall well-being and productivity. The childcare services offered by Space Family Education Inc are designed to provide a safe, nurturing, and stimulating environment for the children of these employees, enabling them to learn and grow while their parents are engaged in their work at the space center.

Who is the CEO of Space Family Education Inc?

Karen Holt is the Executive Director of Space Family Education Inc.

What is the revenue of Space Family Education Inc?

Space Family Education Inc's revenue in 2023 was $1,394,230.

Who are the executives of Space Family Education Inc and what are their salaries?

The average compensation at Space Family Education Inc during 2023 was $20,569. There are 52 employees at Space Family Education Inc.


Here are 6 key members and their salaries:


Karen Holt (Executive Director)
  • Compensation: $52,218
  • Related: $0
  • Other: $0
Erin Coscia (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thilini Schlesinger (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Meyer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cinnamon Wright (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Sheth (Policies & Procedures)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Space Family Education Inc?

Space Family Education Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Space Family Education Inc

Space Family Education Inc, a nonprofit organization, is dedicated to serving a unique population. Their mission is centered around providing childcare services to the employees of the NASA Johnson Space Center situated in Houston, Texas. By offering this vital service, Space Family Education Inc plays a significant role in supporting the workforce of the space agency, enabling these professionals to focus on their crucial tasks without worrying about their young ones' well-being. The organization's services extend beyond mere childcare, ensuring a nurturing and stimulating environment for the children, thereby contributing positively to their development and overall growth.

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Impact




July, 2024

Space Family Education Inc has a significant impact on the community by providing childcare services to employees of the NASA Johnson Space Center in Houston, Texas. This ensures that working parents have access to reliable and high-quality childcare, allowing them to focus on their work while knowing that their children are well taken care of. By supporting the employees of the space center in this way, Space Family Education Inc contributes to the success and productivity of the NASA Johnson Space Center, ultimately furthering advancements in space exploration and research.




This information is meant to be a general summary of Space Family Education 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.

Revenue
$1,394,230 (2023)
Expenses
$1,654,468 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,240
  • Program Service Revenue: $1,349,546
  • Gross Receipts: $1,394,230

Assets and Liabilities:

  • Total Assets: $994,373
  • Total Liabilities: $76,288
  • Net Assets: $918,085

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION

Revenue

$1,342,740

SUPPLY FEES

Revenue

$6,806

Organization Details

Founding Year

1989

Principal Officer

Karen Holt

Main Address

2101 NASA PARKWAY MAIL CODE B210, HOUSTON, TX, 77058

NTEE Category

Code: P33Z - Human services

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