Overview
What is Commerce Children's Center Association?
Commerce Children's Center Association serves as the parent organization responsible for overseeing the operation of the Commerce Children's Center located at the US Department of Commerce Boulder Laboratories. This nonprofit entity manages the contractor in charge of running the childcare facility, ensuring its smooth operation. The Association's primary role is to support and guide the childcare center's activities, as detailed in the attached statement 1 and schedule. Although the information provided is limited, it emphasizes the Association's role in the administration of the Commerce Children's Center.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
The Commerce Children's Center Association has achieved a score of 67%, reflecting a moderate level of accountability and financial health. The organization is particularly strong in governance, with a fully independent board comprising seven members, which contributes to its effective oversight and ethical management practices. Additionally, it reports no material diversion of assets, indicating a commitment to maintaining the integrity of its resources.
Financially, the association demonstrates a high program expense ratio of 99.42%, suggesting that nearly all of its expenditures are directed towards its programs and mission. This is a positive indicator for potential donors looking to support initiatives that have a direct impact on the community. Furthermore, the organization maintains a liabilities to assets ratio of 0.00%, which implies solid financial stability.
However, despite its strengths, the overall rating remains at a Two-Star level, indicating that there may be areas for improvement in accountability and transparency. Stakeholders may want to consider these factors when evaluating the organization’s effectiveness and sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Commerce Children's Center Association legitimate?
Commerce Children's Center Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commerce Children's Center Association 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.
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What is the mission statement of Commerce Children's Center Association?
The Commerce Children's Center Association serves as the governing body for the Commerce Children's Center situated at the US Department of Commerce Boulder Laboratories. They oversee the contractor responsible for operating the child care facility. The association's mission, as outlined in unattached documents, involves overseeing the operations of the child care center at the Boulder Laboratories. Unfortunately, specific details about the association's objectives, goals, or the nature of its work beyond overseeing the child care center are not provided in the information given.
Who is the CEO of Commerce Children's Center Association?
Isaac Vimont is the President of Commerce Children's Center Association.
What is the revenue of Commerce Children's Center Association?
Commerce Children's Center Association's revenue in 2022 was $1,277,169.
Who are the executives of Commerce Children's Center Association and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Commerce Children's Center Association?
Commerce Children's Center Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Commerce Children's Center Association
Commerce Children's Center Association serves as the parent organization that oversees the operation of the Commerce Children's Center located at the US Department of Commerce Boulder Laboratories. Their primary role is to monitor the contractor responsible for managing the childcare facility. Although the provided information is limited, it suggests that Commerce Children's Center Association is dedicated to ensuring high-quality childcare services within the specified environment. By overseeing the contractor, the association ensures that the center operates in accordance with established standards and regulations, thereby ensuring the well-being and safety of the children in its care.
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Impact
July, 2024
Commerce Children's Center Association's impact is evident through its provision of high-quality childcare services to families working at the US Department of Commerce Boulder Laboratories in Boulder, Colorado. By overseeing the contractor operating the child care center, the association ensures a supportive and nurturing environment for children while their parents are at work. This enables working parents to focus on their responsibilities knowing that their children are well-cared for. The association's commitment to promoting the well-being of children and supporting working families has a direct and positive impact on the community, making it easier for parents to balance their professional and family lives.
This information is meant to be a general summary of Commerce Children's Center Association. 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: $12
- Program Service Revenue: $1,277,094
- Gross Receipts: $1,277,169
Assets and Liabilities:
- Total Assets: $616,277
- Total Liabilities: $0
- Net Assets: $616,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,277,094
Organization Details
Founding Year
1990
Phone
(303) 467-5258Principal Officer
Isaac Vimont
Main Address
325 Broadway, Boulder, CO, 80305
NTEE Category
Code: P33Z - Human services
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