Overview
What is Phmc 1500?
Phmc 1500 is a nonprofit organization situated in Philadelphia, Pennsylvania. It collaborates with a childcare provider to provide early childhood education for children ranging from six weeks to five years old. Recognizing the significant impact of high-quality early education on children and families, Phmc 1500 has partnered with an organization recognized for its leadership in early education, preschools, and employer-sponsored childcare. This partnership results in the establishment of the Early Learning Academy at Centre Square, which operates at Phmc 1500's headquarters.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
This rating indicates that Phmc 1500 has room for improvement in its accountability and finance practices. While the organization scored well in certain areas, such as having no material diversion of assets and maintaining strong financial metrics, it lacked in others, particularly regarding board independence. The absence of independent board members contributed significantly to the overall two-star rating.
Strengths highlighted include a solid performance in financial management, evidenced by a favorable liabilities to assets ratio and a high program expense ratio. The charity has also established comprehensive policies for conflict of interest, whistleblower protections, and document retention. However, the lack of independent oversight and transparency elements, such as a listed website on tax forms, raises concerns about governance and accountability.
Overall, while Phmc 1500 demonstrates strong financial health and compliance with some key governance practices, the absence of independent board members and certain transparency measures may hinder its effectiveness and trustworthiness as perceived by potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Phmc 1500 legitimate?
Phmc 1500 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phmc 1500 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Phmc 1500?
Phmc 1500's mission is centered around providing early childhood education to children ranging from six weeks to five years old. This is achieved through a partnership with a reputable child-care provider. Phmc 1500 recognizes the significant impact of quality early childhood education on children and families and has chosen to collaborate with an organization renowned for its leadership in early education, preschools, and employer-sponsored child care. Their commitment to this cause aims to contribute positively to the overall development of young children.
What is the revenue of Phmc 1500?
Phmc 1500's revenue in 2023 was $408,656.
Who are the executives of Phmc 1500 and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $120,000
- Other: $0
- Compensation: $0
- Related: $591,366
- Other: $175,125
- Compensation: $0
- Related: $1,278,216
- Other: $372,461
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $350,527
- Other: $106,328
Where can I find the form 990 for Phmc 1500?
Phmc 1500's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Phmc 1500
Phmc 1500 is dedicated to providing early childhood learning opportunities for children between six weeks and five years old. Recognizing the significant impact quality early education can have on both children and their families, Phmc 1500 has partnered with a reputable child-care provider to offer these services. Phmc 1500 values this collaboration, as it brings leadership in early education, preschools, and employer-sponsored child-care to the table. The organization's commitment to early childhood learning aims to contribute positively to the overall development and well-being of young children.
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
Phmc 1500's impact lies in offering quality early childhood education to children aged six weeks to five years. By partnering with a child-care provider and setting up this program at the location of their headquarters, Phmc recognizes and values the significant influence that early childhood education can have on children and families. This initiative not only supports children's development at a crucial age but also provides a valuable service for parents who may benefit from employer-sponsored child care. This targeted approach to early learning directly contributes to the well-being and future success of the community in Philadelphia, PA.
This information is meant to be a general summary of Phmc 1500. 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 2023.
- Program Service Revenue: $408,656
- Gross Receipts: $408,656
Assets and Liabilities:
- Total Assets: $3,760,382
- Total Liabilities: $653,270
- Net Assets: $3,107,112
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
$408,656
Organization Details
Founding Year
2015
Principal Officer
Robert Block
NTEE Category
Code: P33 - Human services
If you are a representative of Phmc 1500 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.