Overview
What is Kids Ark Development Center Inc?
Kids Ark Development Center Inc is a nonprofit organization situated in Altamonte Springs, Florida, specializing in early childhood education. They offer educational services for both elementary and secondary students. Last year, they reported generating a revenue of $624,489. Their mission is focused on providing a conducive learning environment for children in this age group.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Kids Ark Development Center Inc has received a low score of 54%, which indicates significant concerns regarding its overall financial health and transparency. The organization benefits from a fully independent board and strong governance policies, including whistleblower and conflict of interest policies. However, it is missing key financial transparency elements, such as posting its tax form on its website, which contributes to its low rating.
The organization has some strengths in governance, with a majority of independent board members and well-documented board meeting minutes. Additionally, there are no reported material diversions of assets, which is a positive sign. However, it struggles with its financial performance metrics, highlighted by a low program expense ratio of 16.80%, suggesting that a limited portion of its budget is directed toward its programs.
Overall, while Kids Ark Development Center demonstrates strong governance practices, its financial management issues and lack of transparency significantly detract from its effectiveness as a charity, as noted by its low rating on Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Kids Ark Development Center Inc legitimate?
Kids Ark Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kids Ark Development Center 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: $33,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kids Ark Development Center Inc?
Kids Ark Development Center Inc., as per its mission, focuses on early childhood education. The organization does not provide specifics about its objectives beyond this primary focus. However, based on the information provided, it can be inferred that Kids Ark Development Center is committed to providing elementary and secondary education, contributing to the overall development of young minds. The exact goals, such as fostering creativity, promoting academic excellence, or instilling values, are not explicitly mentioned in the provided data.
Who is the CEO of Kids Ark Development Center Inc?
Humberto Lopez is the Chair of Kids Ark Development Center Inc.
What is the revenue of Kids Ark Development Center Inc?
Kids Ark Development Center Inc's revenue in 2023 was $747,239.
Who are the executives of Kids Ark Development Center Inc and what are their salaries?
The average compensation at Kids Ark Development Center Inc during 2023 was $1,190. There are 28 employees and 2 volunteers at Kids Ark Development Center Inc.
Here are 8 key members and their salaries:
- Compensation: $6,067
- Related: $0
- Other: $0
- Compensation: $27,266
- 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
Where can I find the form 990 for Kids Ark Development Center Inc?
Kids Ark Development Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kids Ark Development Center Inc
Kids Ark Development Center, a nonprofit organization, is dedicated to delivering early childhood education. Its mission lies in providing elementary and secondary educational services, ensuring that children receive a comprehensive education during their formative years. Last year, the center generated a revenue of $624,489, demonstrating its commitment and impact in the educational sphere.
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Impact
July, 2024
Kids Ark Development Center Inc's impact is felt in the community through its dedication to providing high-quality early childhood education. By offering elementary and secondary education services, this organization plays a vital role in shaping the minds and futures of young learners. Their commitment to education is evident in their mission to provide a strong educational foundation for children in Altamonte Springs, FL. With a revenue of $624,489 generated last year, Kids Ark Development Center Inc is making a significant contribution to the field of education.
This information is meant to be a general summary of Kids Ark Development Center 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 2023.
- Gross Receipts: $747,239
Assets and Liabilities:
- Total Assets: $397,771
- Total Liabilities: $5,487
- Net Assets: $392,284
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Organization Details
Founding Year
2017
Phone
(407) 668-3080Principal Officer
Humberto Lopez
Main Address
1226 BUNNELL RD, ALTAMONTE SPG, FL, 327145407
NTEE Category
Code: B20 - Education
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