Overview
What is Family Child Care Alliance Of Maryland?
Family Child Care Alliance of Maryland is a dedicated nonprofit organization situated in Bowie, Maryland. With a team of 12 employees, they are committed to enhancing the field of family child care. Their mission involves collaborating with national, state, and local partners to benefit providers, children, families, and local communities across Maryland. The Aspire Pre-K program, one of their initiatives, supports family child care providers through coaching, funding purchases, and serving as an intermediary for state payments. This program aims to strengthen the quality of early childhood education and care, ultimately benefiting the children and families in Maryland.
Official website here: www.fccamd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating)
The Family Child Care Alliance of Maryland has received a two-star rating from Charity Navigator, indicating a need for improvement in their accountability and financial practices. The organization has a good level of independence with a fully independent board, and it adequately maintains records of board meeting minutes. However, significant deficiencies are noted in areas like financial statements and the posting of a tax form on their website, which negatively impact their overall score.
The organization shows a strong commitment to program expenses, allocating 97.80% of their resources towards their programs, reflecting a focus on their mission. However, the lack of financial transparency, evidenced by the absence of financial statements, raises concerns about the management of funds and the organization’s fiscal health. The liabilities to assets ratio is also a point of concern, suggesting potential financial instability.
While the Family Child Care Alliance of Maryland demonstrates adherence to good governance practices, such as having conflict of interest and whistleblower policies, the shortcomings in their financial documentation and transparency limit their overall effectiveness and accountability. Addressing these areas would likely enhance their standing and trust with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Family Child Care Alliance Of Maryland legitimate?
Family Child Care Alliance Of Maryland is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Child Care Alliance Of Maryland 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: $141,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $459,638
For more financial information, click here
Official website here: www.fccamd.org
What is the mission statement of Family Child Care Alliance Of Maryland?
The Family Child Care Alliance of Maryland is a collaborative network that comprises national, state, and local partners with a shared goal of enhancing the field of family child care. Their mission is to benefit a wide range of stakeholders, including providers, children, families, local communities, and the state, by promoting advancements in family child care. The alliance strives to support family child care providers through coaching and financial assistance, serving as an intermediary for state payments.
Official website here: www.fccamd.org
Who is the CEO of Family Child Care Alliance Of Maryland?
Bill Hudson is the Executive Director of Family Child Care Alliance Of Maryland.
Official website here: www.fccamd.org
What is the revenue of Family Child Care Alliance Of Maryland?
Family Child Care Alliance Of Maryland's revenue in 2022 was $2,282,718.
Official website here: www.fccamd.org
Who are the executives of Family Child Care Alliance Of Maryland and what are their salaries?
The average compensation at Family Child Care Alliance Of Maryland during 2022 was $50,130. There are 12 employees and 10 volunteers at Family Child Care Alliance Of Maryland.
Here are 9 key members and their salaries:
- Compensation: $141,917
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Official website here: www.fccamd.org
Where can I find the form 990 for Family Child Care Alliance Of Maryland?
Family Child Care Alliance Of Maryland's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fccamd.org
Learn more at the official website: www.fccamd.org
Mission Statement of Family Child Care Alliance Of Maryland
The Family Child Care Alliance of Maryland is an inclusive collaborative network, comprised of national, state, and local partners. Their primary goal is to elevate and progress the field of family child care, ultimately benefiting providers, children, families, local communities, and the state of Maryland as a whole. By working together, they aim to advance this sector, ensuring it serves the best interests of all involved parties.
One of their key initiatives is the Aspire Pre K program, which focuses on supporting family child care providers. Through this program, they offer coaching, financial assistance for necessary purchases, and serve as an intermediary for state payment distributions. This holistic approach enables family child care providers to deliver high-quality care to children while also maintaining their own financial stability. By doing so, the Family Child Care Alliance of Maryland contributes to the broader goal of strengthening the early childhood education system and enhancing the well-being of families across Maryland.
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Impact
July, 2024
The impact of the Family Child Care Alliance Of Maryland is evident in the significant support it provides to family child care providers through programs like the Aspire Pre K program. By offering coaching, funding for purchases, and serving as a pass-through for state payments, the organization plays a crucial role in enhancing the quality of care provided to children in Maryland. This support not only benefits the providers themselves but also positively impacts children, families, and local communities across the state. Through its collaborative efforts with various partners, the Alliance works to advance the field of family child care, ultimately contributing to the overall well-being of Maryland's youngest residents and their caregivers.
This information is meant to be a general summary of Family Child Care Alliance Of Maryland. 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.
- Gross Receipts: $2,282,718
Assets and Liabilities:
- Total Assets: $892,707
- Total Liabilities: $606,880
- Net Assets: $285,827
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Organization Details
Founding Year
2019
Principal Officer
Bill Hudson
Main Address
12530 Fairwood Pkwy ste 102 PMB501, Bowie, MD, 207206357
Website
www.fccamd.orgNTEE Category
Code: B99 - Education
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