Hope For Kids Childcare Center

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842085610 ✦ Duluth, MN ✦ Designated as a 501(c)(3)

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Overview

What is Hope For Kids Childcare Center?

Hope For Kids Childcare Center is a full-service nonprofit organization situated in Duluth, Minnesota. Established in fall 2019, it offers childcare services to 8 infants, 25 toddlers, and 30 preschoolers. The center employs a team of 40 full and part-time individuals, providing care for up to 66 children in total. The primary mission of Hope For Kids Childcare Center is to create an exceptional, safe, and caring environment that fosters a lifelong passion for learning in children. This nonprofit operates primarily within the Duluth metropolitan area, aiming to ensure the well-being and education of young ones.


Official website here: www.hope4kidsmn.com

Is Hope For Kids Childcare Center legitimate?

Hope For Kids Childcare Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope For Kids Childcare Center 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: $46,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $453,454

For more financial information, click here


Official website here: www.hope4kidsmn.com

What is the mission statement of Hope For Kids Childcare Center?

Hope For Kids Childcare Center's mission is centered around providing an exceptional, safe, and nurturing environment that fosters a lifelong enthusiasm for learning in children. This mission is carried out by creating an atmosphere that inspires children, catering to a diverse age group ranging from infants to pre-schoolers. The childcare center aims to serve up to 66 children, offering full-time and part-time care, and employs a team of 18 dedicated individuals. The primary focus is to ignite a love for learning in children, setting them up for a continued educational journey.


Official website here: www.hope4kidsmn.com

Who is the CEO of Hope For Kids Childcare Center?

Marcus Karki is the Executive Di of Hope For Kids Childcare Center.


Official website here: www.hope4kidsmn.com

What is the revenue of Hope For Kids Childcare Center?

Hope For Kids Childcare Center's revenue in 2022 was $788,564.


Official website here: www.hope4kidsmn.com

Who are the executives of Hope For Kids Childcare Center and what are their salaries?

The average compensation at Hope For Kids Childcare Center during 2022 was $12,493. There are 40 employees at Hope For Kids Childcare Center.


Here are 8 key members and their salaries:


Marcia Demeo-Morse (Executive Di)
  • Compensation: $46,280
  • Related: $0
  • Other: $0
Peter Bergman (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Bowker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Johnson (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcus Karki (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Kelly (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Kuhl (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert West (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hope4kidsmn.com

Where can I find the form 990 for Hope For Kids Childcare Center?

Hope For Kids Childcare Center's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hope4kidsmn.com

Learn more at the official website: www.hope4kidsmn.com

Mission Statement of Hope For Kids Childcare Center

Hope For Kids Childcare Center is dedicated to providing an outstanding, secure, and caring environment that fosters a lifelong enthusiasm for learning in children. The mission of this childcare center is to create an atmosphere that encourages children, from infants to pre-schoolers, to develop a passion for education. By offering a full-service childcare program with a staff of 60 Full-Time Equivalents (FTEs), Hope For Kids Childcare Center caters to the needs of up to 66 children, ensuring each child receives the attention and care they deserve. The center's primary focus is on providing a safe and nurturing environment that supports the overall growth and development of the children in its care.

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Impact




October, 2024

Hope For Kids Childcare Center significantly enhances the lives of children and their families in the Duluth metropolitan area by creating a nurturing and stimulating environment for early learning. Since its inception in the fall of 2019, the center has grown to accommodate up to 66 children, including infants and toddlers, providing them with the foundational skills necessary for lifelong learning.

By employing 18 dedicated staff members, the center ensures a high staff-to-child ratio, which is crucial for personalized attention and care. This commitment not only contributes to the children's emotional and developmental well-being but also creates job opportunities and economic activity in the community, with an annual payroll of $411,000.

The impact extends beyond education; the center fosters a sense of community and support for families, enabling parents to pursue work or education, knowing their children are in a safe and enriching environment. Through its holistic approach to childcare, Hope For Kids Childcare Center lays the groundwork for future success for both the children it serves and the community as a whole.




This information is meant to be a general summary of Hope For Kids Childcare Center. 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.

Revenue
$788,564 (2022)
Expenses
$744,611 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3
  • Program Service Revenue: $696,342
  • Gross Receipts: $788,564

Assets and Liabilities:

  • Total Assets: $244,456
  • Total Liabilities: $160,480
  • Net Assets: $83,976

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM INCOME

Revenue

$696,342

Organization Details

Founding Year

2020

Principal Officer

Marcus Karki

Main Address

301 WEST SAINT MARIE ST, DULUTH, MN, 55803

NTEE Category

Code: P33 - Human services

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