Overview
What is Downtown Childcare Center?
Downtown Childcare Center, located at 1503 Sixth Street NW, Albuquerque, New Mexico 87102, is a nonprofit organization dedicated to providing care for children away from home. With a team of three employees, they cater to the needs of working parents, serving 40 clients weekly. Their mission is to offer a safe and nurturing environment for children while their parents are at work, making their services accessible to the general public.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Downtown Childcare Center has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The score is based entirely on accountability metrics, where the organization scored poorly due to a lack of independent board members and missing governance policies, including conflict of interest and whistleblower policies. These deficiencies raise questions about the organization's oversight and transparency.
Despite these issues, the center shows a strong commitment to its programming, with a high program expense ratio of 92.57%. This indicates that a substantial portion of its budget goes directly towards its services, which is a positive aspect of its financial management. Additionally, the organization demonstrates responsible asset management with a liabilities to assets ratio of 0.00%, reflecting no debt.
However, the absence of critical governance policies and independent board members is a notable limitation that can undermine stakeholder trust. The lack of a website link on its tax form also contributes to transparency concerns. Overall, while Downtown Childcare Center is effectively utilizing its resources for programmatic purposes, its governance practices need significant improvement to enhance its accountability and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Childcare Center legitimate?
Downtown Childcare Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown 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: $32,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,983
For more financial information, click here
What is the mission statement of Downtown Childcare Center?
The Downtown Childcare Center's mission is centered around providing care for children who are away from their homes, catering to the needs of working parents. This service is open to the general public. The center served approximately 40 children per week, underscoring its commitment to ensuring childcare is readily available. The center's mission aims to support working parents by providing a safe and nurturing environment for their children. It operates with the goal of making quality childcare accessible to a wide range of families.
Who is the CEO of Downtown Childcare Center?
Donna Fletcher is the Principal Officer of Downtown Childcare Center.
What is the revenue of Downtown Childcare Center?
Downtown Childcare Center's revenue in 2022 was $171,580.
Who are the executives of Downtown Childcare Center and what are their salaries?
The average compensation at Downtown Childcare Center during 2022 was $20,424. There are 3 employees at Downtown Childcare Center.
Here are 3 key members and their salaries:
- Compensation: $32,290
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Downtown Childcare Center?
Downtown Childcare Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Childcare Center
Downtown Childcare Center, a notable entity, is dedicated to providing a sanctuary for children away from their homes, catering to the needs of working parents. The center's primary mission is to offer care and supervision to these children, making it an accessible option for the general public. During a typical week, the center serves around 40 families, ensuring that their children receive the attention and care they need while their parents are at work.
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Impact
October, 2024
Downtown Childcare Center plays a vital role in the community by providing a safe and nurturing environment for children while their parents are at work. With a focus on serving the general public, the center accommodates up to 40 children each week, ensuring that working parents can have peace of mind knowing their children are cared for in a supportive atmosphere. This service not only supports families in Albuquerque by enhancing work-life balance but also contributes to the social and emotional development of the children who attend. By offering quality childcare, Downtown Childcare Center helps forge a stronger community where parents can pursue their careers while knowing their children are in good hands.
This information is meant to be a general summary of Downtown 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $171,580
- Gross Receipts: $171,580
Assets and Liabilities:
- Total Assets: $101,798
- Total Liabilities: $0
- Net Assets: $101,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$171,580
Organization Details
Phone
(505) 242-1357Principal Officer
Donna Fletcher
Main Address
1503 SIXTH ST NW, ALBUQUERQUE, NM, 87102
NTEE Category
Code: P33 - Human services
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