Overview
What is Fuzzy Bear Ministry Preschool & Daycare?
Fuzzy Bear Ministry Preschool & Daycare is a community-focused nonprofit located in Ladoga, Indiana. Their primary mission is to create a nurturing environment where children can grow holistically – intellectually, spiritually, socially, physically, and emotionally. They aim to achieve this by partnering with families and the community, providing education and support. The nonprofit's activities are centered around the whole child's development, preparing them for the next stage in life. Their services are designed to be safe and loving, fostering sustainable growth for each child.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Fuzzy Bear Ministry Preschool & Daycare has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored poorly in several areas, including having no independent board members and missing key policies such as conflict of interest and whistleblower protections. The absence of financial statements and required documents on its website further contributes to its low score.
Despite these weaknesses, Fuzzy Bear Ministry demonstrates a strong program expense ratio of 94.26%, indicating that a large percentage of its expenditures are directed towards its programs. This suggests a commitment to its mission and the effective use of funds for its intended purpose. However, the lack of transparency and governance practices is a critical area that needs improvement.
Overall, while Fuzzy Bear Ministry Preschool & Daycare shows dedication to its programs, the significant deficiencies in its governance and financial transparency raise concerns for potential donors and stakeholders. Enhancements in these areas would be essential to build trust and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Fuzzy Bear Ministry Preschool & Daycare legitimate?
Fuzzy Bear Ministry Preschool & Daycare is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fuzzy Bear Ministry Preschool & Daycare 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: $57,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $239,405
For more financial information, click here
What is the mission statement of Fuzzy Bear Ministry Preschool & Daycare?
Fuzzy Bear Ministry Preschool & Daycare's mission is to serve as a community resource, focusing on the holistic development of children. They aim to educate children and support families in a safe and nurturing environment. The preschool and daycare center is committed to fostering sustainable growth in children's academic, spiritual, social, physical, and emotional aspects. They partner with families and the community to prepare children for the next stage of their lives.
Who is the CEO of Fuzzy Bear Ministry Preschool & Daycare?
Kim Mcvay is the Director of Fuzzy Bear Ministry Preschool & Daycare.
What is the revenue of Fuzzy Bear Ministry Preschool & Daycare?
Fuzzy Bear Ministry Preschool & Daycare's revenue in 2022 was $508,210.
Who are the executives of Fuzzy Bear Ministry Preschool & Daycare and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $29,825
- Related: $0
- Other: $0
- Compensation: $28,002
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fuzzy Bear Ministry Preschool & Daycare?
Fuzzy Bear Ministry Preschool & Daycare's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fuzzy Bear Ministry Preschool & Daycare
Fuzzy Bear Ministry Preschool & Daycare is committed to being a valuable resource for the community. Their primary objective is to educate children and provide support to families in a safe and nurturing environment. They are focused on the holistic development of each child, encompassing academic, spiritual, social, physical, and emotional growth. By partnering with families and the community, Fuzzy Bear Ministry Preschool & Daycare aims to help children achieve sustainable growth, preparing them for the next stage in their lives.
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Impact
July, 2024
Fuzzy Bear Ministry Preschool & Daycare serves as a vital educational institution that plays a significant role in the development of children in Ladoga, Indiana. By providing a safe and loving environment for children to learn and grow, Fuzzy Bear Ministry prepares them academically, spiritually, socially, physically, and emotionally for the next stages of their lives. Through their partnership with families and the community, Fuzzy Bear Ministry ensures that children receive holistic support and education, setting a strong foundation for their future success. This impactful approach not only benefits the individual children but also contributes positively to the overall well-being and future prospects of the community as a whole.
This information is meant to be a general summary of Fuzzy Bear Ministry Preschool & Daycare. 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: $59
- Program Service Revenue: $345,578
- Gross Receipts: $508,210
Assets and Liabilities:
- Total Assets: $468,171
- Total Liabilities: $77,495
- Net Assets: $390,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE FEES
Revenue
$293,837
FOOD PROGRAMS
Revenue
$34,457
ON MY WAY PRE K
Revenue
$17,284
Organization Details
Founding Year
2014
Phone
(765) 942-2909Principal Officer
Kim Mcvay
Main Address
PO BOX 512, LADOGA, IN, 47954
NTEE Category
Code: B21 - Education
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