Employee's Daycare Corporation

Charity Navigator Rating: 58%, One-Star out of Four Star rating.

The Employee's Daycare Corporation has received a low rating primarily due to its financial accountability and transparency issues. While the organization excels in program expenses, with nearly 95% of its expenditures directed toward programs, it suffers from significant liabilities that exceed its assets by over 672%. This factor heavily contributes to its overall score and indicates potential financial instability.

On the positive side, the organization demonstrates strong governance through having a fully independent board and compliance in documenting board meeting minutes. However, the lack of critical policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about organizational oversight and ethics. Additionally, the absence of its website on tax forms further detracts from its accountability.

Overall, while the Employee's Daycare Corporation shows promise in its programmatic efficiency, its financial health and governance practices need substantial improvement to enhance its credibility and effectiveness as a nonprofit organization.

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

Employee's Daycare Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Employee's Daycare Corporation 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: $582,301

For more financial information, click here