Overview
What is Carerite T F C Inc?
Carerite T F C Inc, based in Takoma Park, Maryland, is a dedicated nonprofit organization that specializes in providing therapeutic foster care to children, adolescents, and young adults who face developmental disabilities, emotional, and behavioral challenges. Through their services, they create stable foster homes in Baltimore City, Howard, and Montgomery Counties. The organization supports these homes by providing financial assistance for client care and services. Additionally, Carerite offers essential resources like back-to-school supplies, seasonal clothing, holiday gifts, and meals for the foster families under their care. The company's mission is to positively impact the lives of these vulnerable individuals, ensuring they receive the necessary support to thrive. Carerite T F C Inc employs a team of 14 individuals, demonstrating their commitment to their cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Carerite T F C Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial management. The score is based entirely on its Accountability & Finance metrics, with a specific score of 67%. This score reflects the importance of transparency and sound financial practices for the organization, which is essential for building trust with donors and stakeholders.
The organization has strengths in several areas, including having a fully independent board and a high program expense ratio of 79.09%, indicating that a significant portion of its funds is directed towards its programs. Additionally, it has received full points for its financial statement review, material diversion of assets, and documentation of board meeting minutes, demonstrating some good practices in governance and financial oversight.
However, there are notable limitations that impacted its overall score. These include a very high liabilities-to-assets ratio at 279.83%, indicating potential financial risk, as well as missing key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. Additionally, the absence of its tax form on the nonprofit's website can raise concerns regarding transparency and compliance.
This AI summary has been generated from information found on Charity Navigator.
Is Carerite T F C Inc legitimate?
Carerite T F C Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carerite T F C 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: $68,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $250,132
For more financial information, click here
What is the mission statement of Carerite T F C Inc?
Carerite T F C Inc's mission is centered around providing therapeutic foster care for children, adolescents, and young adults who are dealing with developmental disabilities and behavioral and emotional challenges. Their goal is to offer a stable and supportive environment for these children, providing them with the necessary care and services within foster homes. The organization provides financial assistance for client care, supplies like school materials and seasonal clothing, and holiday gifts and meals for the foster families, aiming to enhance their overall well-being.
Who is the CEO of Carerite T F C Inc?
Adaku C Okorie is the Executive Director of Carerite T F C Inc. The CEO's salary of Carerite T F C Inc is $31,000 and their total compensation is $31,000.
What is the revenue of Carerite T F C Inc?
Carerite T F C Inc's revenue in 2022 was $927,603.
Who are the executives of Carerite T F C Inc and what are their salaries?
The average compensation at Carerite T F C Inc during 2022 was $22,774. There are 14 employees and 4 volunteers at Carerite T F C Inc.
Here are 9 key members and their salaries (Carerite T F C Inc's CEO's salary is $31,000 and their total compensation is $31,000):
- Compensation: $37,700
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $72,348
- Related: $0
- Other: $0
- Compensation: $31,000
- Related: $0
- Other: $0
Where can I find the form 990 for Carerite T F C Inc?
Carerite T F C Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carerite T F C Inc
Carerite T F C Inc, as a nonprofit organization, is dedicated to providing therapeutic foster care to children, adolescents, and young adults who grapple with developmental disabilities and emotional and behavioral challenges. Their mission is to create stable foster parental homes for these children, offering them a nurturing environment to grow and develop. The organization provides financial support for the children's care and services within the foster homes, ensuring that they have access to essential resources. Additionally, Carerite T F C Inc goes above and beyond by providing back-to-school supplies, seasonal clothing, and holiday gifts and meals for the foster families, further enhancing the children's well-being. In summary, Carerite T F C Inc is committed to offering therapeutic foster care and necessary resources to children with special needs, aiming to provide them with a nurturing and supportive environment for their growth and development.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Carerite T F C Inc's impact can be seen in its dedicated efforts to provide therapeutic foster care to children, adolescents, and young adults with developmental disabilities, emotional, and behavioral challenges. The organization has played a crucial role in offering stable foster parent homes for children referred for placement by the Department of Social Services in Baltimore City, Howard, and Montgomery counties. Additionally, Carerite has supported its clients by providing financial assistance for care and services in the foster parent homes, as well as essentials such as back-to-school supplies, seasonal clothing throughout the year, and holiday gifts and meals for the foster families. Through its mission to offer specialized foster care services, Carerite T F C Inc has made a tangible impact in enhancing the well-being and support of vulnerable individuals in need.
This information is meant to be a general summary of Carerite T F C 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.
- Program Service Revenue: $448,245
- Gross Receipts: $927,603
Assets and Liabilities:
- Total Assets: $299,694
- Total Liabilities: $838,652
- Net Assets: -$538,958
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$448,245
Organization Details
Founding Year
2009
Phone
(301) 408-1885Principal Officer
Adaku C Okorie
Main Address
7676 NEW HAMPSHIRE AVENUE, TAKOMA PARK, MD, 20912
NTEE Category
Code: P20 - Human services
If you are a representative of Carerite T F C Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.