Grateful Hearts Childcare & Preschool Ltd

Charity Navigator Rating: 20%

Grateful Hearts Childcare & Preschool Ltd has received a low rating of 20%, resulting in a Zero-Star out of Four Stars designation. This rating indicates significant concerns regarding the organization's accountability and financial transparency. Notably, the charity has no independent board members and has failed to provide financial statements, which raises questions about governance and fiscal management.

The organization does have some positive aspects, such as having a conflict of interest policy and maintaining records of board meeting minutes. However, the lack of transparency in financial reporting and the absence of a whistleblower policy are serious shortcomings that undermine trust. Additionally, the missing website for the nonprofit on its tax form further complicates efforts for public accountability.

Overall, while Grateful Hearts Childcare & Preschool Ltd has implemented certain policies for governance, the major gaps in financial transparency and board independence highlight critical areas for improvement. Potential donors and stakeholders may want to approach with caution given the current rating and concerns raised.

This AI summary has been generated from information found on Charity Navigator.

Grateful Hearts Childcare & Preschool Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grateful Hearts Childcare & Preschool Ltd 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: $49,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,294

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