Overview
What is Young Tracks Inc?
Young Tracks Inc is a nonprofit organization that is dedicated to offering comprehensive early childhood education and care services. Based on the provided information, their primary focus is on providing daycare and preschool programs, ensuring that young children have a nurturing and stimulating environment to grow and learn. Their mission encompasses offering preschool and childcare services, aiming to support the overall development of children during their formative years. The organization's activities are centered around providing these essential services, contributing to the well-being and education of the community's youngest members.
Official website here: www.facebook.com/youngtrackspreschool
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
Young Tracks Inc has received a Two-Star rating from Charity Navigator, indicating that while it demonstrates some positive practices, there are significant areas for improvement. The organization shows strong accountability in areas such as board independence and financial oversight, scoring full points for having an entirely independent board and a robust audit committee. Additionally, the program expense ratio is commendable at 83.09%, suggesting that a substantial portion of its expenses directly supports its mission.
However, the organization faces limitations in its accountability practices, specifically regarding governance policies. Young Tracks Inc lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, each of which has impacted its overall score. The absence of these policies raises concerns about transparency and accountability.
Moreover, the organization’s liabilities to assets ratio of 82.19% indicates that it may have a high level of debt relative to its assets, which could affect its financial stability. Furthermore, the tax form is not posted on its website, which is a transparency issue that could hinder public trust. Overall, while Young Tracks Inc has strengths in certain areas, it must work on its governance practices and financial stability to enhance its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Young Tracks Inc legitimate?
Young Tracks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Tracks 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: $97,631
Professional Fundraising Fees: $0
Other Salaries and Wages: $841,217
For more financial information, click here
Official website here: www.facebook.com/youngtrackspreschool
What is the mission statement of Young Tracks Inc?
Young Tracks Inc's mission is centered around providing comprehensive early childhood education and care. Their primary goal is to offer daycare and preschool programs, ensuring a nurturing environment for young children. The organization is dedicated to delivering high-quality preschool and childcare services, aiming to support the overall development of each child under its care.
Official website here: www.facebook.com/youngtrackspreschool
Who is the CEO of Young Tracks Inc?
Kate Carlton is the President of Young Tracks Inc.
Official website here: www.facebook.com/youngtrackspreschool
What is the revenue of Young Tracks Inc?
Young Tracks Inc's revenue in 2022 was $1,307,747.
Official website here: www.facebook.com/youngtrackspreschool
Who are the executives of Young Tracks Inc and what are their salaries?
The average compensation at Young Tracks Inc during 2022 was $26,079. There are 36 employees and 25 volunteers at Young Tracks Inc.
Here are 6 key members and their salaries:
- Compensation: $97,631
- Related: $0
- Other: $0
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- 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
Official website here: www.facebook.com/youngtrackspreschool
Where can I find the form 990 for Young Tracks Inc?
Young Tracks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.facebook.com/youngtrackspreschool
Learn more at the official website: www.facebook.com/youngtrackspreschool
Mission Statement of Young Tracks Inc
Young Tracks Inc, as a nonprofit organization, is committed to delivering preschool and childcare services. Their mission revolves around providing daycare programs and preschool education, ensuring the overall development and well-being of young children. By offering these services, Young Tracks Inc aims to create a nurturing environment where children can learn, grow, and thrive, setting a strong foundation for their future. The organization's commitment to early childhood education and care is evident in its mission to provide high-quality daycare and preschool programs.
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Impact
July, 2024
Young Tracks Inc makes a significant impact by providing essential preschool and childcare services in Steamboat Springs, Colorado. By offering daycare and preschool programs, the organization plays a crucial role in supporting families in the community who rely on these services. This enables parents to work and pursue their careers with peace of mind, knowing that their children are in a safe and nurturing environment. Young Tracks Inc's commitment to providing high-quality preschool and childcare services contributes to the overall well-being and development of the children in their care, setting them on a positive trajectory for the future.
This information is meant to be a general summary of Young Tracks 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 2022.
- Investment Income: $733
- Program Service Revenue: $1,052,334
- Gross Receipts: $1,307,747
Assets and Liabilities:
- Total Assets: $1,251,648
- Total Liabilities: $1,028,831
- Net Assets: $222,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Food Reimbursement
Revenue
$26,250
Preschool Program Fees
Revenue
$1,026,084
Organization Details
Founding Year
1999
Phone
(970) 879-5790Principal Officer
Kate Carlton
Main Address
1647 Mid Valley Drive, Steamboat Springs, CO, 80487
NTEE Category
Code: P33Z - Human services
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