Overview
What is Teddy Bear Pre-School And Day Care?
Teddy Bear Pre-School and Day Care is a nonprofit organization situated in Albuquerque, New Mexico. Their primary focus is to offer high-quality pre-school education and daycare services to approximately 35 to 50 children. The organization is committed to supporting low-income families by directing all expenses towards this objective. Teddy Bear Pre-School and Day Care operates as a pre-school and day care center, providing a nurturing environment for young children's learning and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (52%)
Teddy Bear Pre-School and Day Care has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization’s score of 52% reflects a lack of independent board members and missing essential policies such as conflict of interest, whistleblower, and document retention policies. These factors suggest a need for improved governance and transparency.
Despite these governance shortcomings, the nonprofit demonstrates strong programmatic effectiveness with an impressive program expense ratio of 87.90%. This indicates that a substantial majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, the organization has a favorable liabilities to assets ratio of 0.55%, indicating a stable financial position regarding its obligations.
However, the absence of financial statements and tax forms on its website raises concerns about transparency and accountability to donors and the public. The lack of independent oversight and crucial policies highlights areas where improvement is necessary to build trust and ensure responsible management. Overall, while the organization's programmatic focus is commendable, it needs to address its governance and financial transparency issues.
This AI summary has been generated from information found on Charity Navigator.
Is Teddy Bear Pre-School And Day Care legitimate?
Teddy Bear Pre-School And Day Care is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teddy Bear Pre-School And Day Care 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: $149,604
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,091
For more financial information, click here
What is the mission statement of Teddy Bear Pre-School And Day Care?
Teddy Bear Pre-School And Day Care is committed to providing pre-school education and daycare services for approximately 35 to 50 children. Their primary mission is to offer affordable child care to parents with limited financial resources. All expenses at the pre-school and day care center are directed towards achieving this objective. The center operates in an undisclosed location.
What is the revenue of Teddy Bear Pre-School And Day Care?
Teddy Bear Pre-School And Day Care's revenue in 2023 was $634,925.
Who are the executives of Teddy Bear Pre-School And Day Care and what are their salaries?
The average compensation at Teddy Bear Pre-School And Day Care during 2023 was $25,094. There are 18 employees at Teddy Bear Pre-School And Day Care.
Here are 5 key members and their salaries:
- Compensation: $76,960
- Related: $0
- Other: $0
- Compensation: $72,644
- 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 Teddy Bear Pre-School And Day Care?
Teddy Bear Pre-School And Day Care's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Teddy Bear Pre-School And Day Care
Teddy Bear Pre-School and Day Care is committed to providing pre-school education and daycare services for a significant number of children, ranging from 35 to 50. The organization's mission is centered around offering affordable child care to parents who fall under the low-income bracket. All the funds allocated to the institution are directed towards achieving this objective, thereby making quality education and care accessible to a broader section of society. The nonprofit operates with the goal of providing a nurturing environment where children can learn and grow, while their parents can focus on their own needs.
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Impact
July, 2024
Teddy Bear Pre-School And Day Care has a significant impact on the community of Albuquerque, NM by providing essential pre-school education and daycare services to 35 to 50 children. Their mission to offer child care to low-income parents is commendable, as it helps support families in need and ensures that children receive quality care and education. The center's dedication to directing all expenses towards this objective shows a strong commitment to serving the community's most vulnerable members. Overall, Teddy Bear Pre-School And Day Care plays a vital role in supporting families and promoting early childhood education in Albuquerque.
This information is meant to be a general summary of Teddy Bear Pre-School And Day Care. 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.
- Investment Income: $787
- Program Service Revenue: $21,109
- Gross Receipts: $634,925
Assets and Liabilities:
- Total Assets: $288,950
- Total Liabilities: $2,939
- Net Assets: $286,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Care
Revenue
$21,109
Organization Details
Founding Year
1983
Principal Officer
Carmen Murdoch
NTEE Category
Code: P33Z - Human services
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