Overview
What is Jk Corporation?
Jk Corporation, formally known as Jelly Bean Junction Child Care, is a nonprofit organization situated in Moriarty, New Mexico. With a commitment to serving the community, they provide day care services for approximately 300 families, focusing on moderate and low-income families as well as Title 20 children in protective custody. Their mission is to offer high-quality child and infant care, ensuring the well-being and development of the young ones. With a dedicated workforce of 57 employees, Jk Corporation strives to make a positive impact on the lives of these families, contributing to their overall well-being and development in New Mexico.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that Jk Corporation has some strengths in its governance and financial practices, but also significant areas that require improvement. The organization benefits from a fully independent board, which is crucial for maintaining accountability and transparency in its operations.
One of the commendable aspects of Jk Corporation is its high program expense ratio of 93.44%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated no material diversion of assets, which is a positive indicator of its financial integrity. However, the lack of financial statements is a significant concern that affects its overall accountability score.
Nonetheless, Jk Corporation's absence of a conflict of interest policy, whistleblower policy, and other essential governance practices raises questions about its operational transparency. Furthermore, the failure to list its website on the tax form and provide tax documents online can hinder public trust and accessibility. Addressing these limitations could enhance its rating and stakeholder confidence in the organization's mission and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Jk Corporation legitimate?
Jk Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jk Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $915,966
For more financial information, click here
What is the mission statement of Jk Corporation?
JK Corporation's mission is centered around providing day care services. Specifically, they focus on catering to moderately and low-income families, as well as children under Title 20 who are in protective custody. Their mission is to ensure these children receive proper care and support during the day. This non-profit organization operates in New Mexico, offering day care services to approximately 300 families, providing care for infants and children.
Who is the CEO of Jk Corporation?
Jodi King is the Executive Director of Jk Corporation.
What is the revenue of Jk Corporation?
Jk Corporation's revenue in 2022 was $1,528,914.
Who are the executives of Jk Corporation and what are their salaries?
The average compensation at Jk Corporation during 2022 was $16,070. There are 57 employees at Jk Corporation.
Here are 4 key members and their salaries:
- Compensation: $88,716
- 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 Jk Corporation?
Jk Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jk Corporation
JK Corporation, a nonprofit organization, is dedicated to providing day care services for families of moderate and low income, as well as Title 20 children who are in protective custody. The mission of JK Corporation revolves around offering child and infant care, serving approximately 300 families in New Mexico. This mission is crucial in providing a supportive environment for these families, ensuring their children receive the care they need during the day. By offering day care services, JK Corporation helps alleviate the financial burden and stress that often comes with childcare expenses for low-income families, and ensures that children in protective custody receive consistent care and support.
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Impact
July, 2024
Jk Corporation's impact is significant in providing day care services for moderate and low-income families, as well as for Title 20 children in protective custody. This organization plays a crucial role in supporting approximately 300 families in New Mexico by offering child and infant care services. By addressing the childcare needs of these vulnerable populations, Jk Corporation contributes to the well-being of families and children in the community of Moriarty, New Mexico.
This information is meant to be a general summary of Jk Corporation. 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: $136
- Program Service Revenue: $1,526,524
- Gross Receipts: $1,528,914
Assets and Liabilities:
- Total Assets: $771,030
- Total Liabilities: $39,024
- Net Assets: $732,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Daycare Services
Revenue
$1,526,524
Organization Details
Founding Year
1987
Principal Officer
Jodi King
Main Address
PO Box 1280, Moriarty, NM, 87035
NTEE Category
Code: P33 - Human services
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