Overview
What is Grandmas House Daycare?
Grandmas House Daycare is a nonprofit organization situated in Clarinda, Iowa, dedicated to providing high-quality childcare and educational services. To ensure their mission's success, they employ a three-pronged approach by leveraging fundraising efforts, accepting donations, and charging fees to cover expenses. This approach enables the daycare to offer a nurturing environment for children in the local community, fostering their growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating
Grandmas House Daycare has received a Two-Star rating from Charity Navigator, indicating a moderate level of financial health and accountability. With a score of 70%, the organization demonstrates strengths in areas such as board independence and transparency, boasting 100% independent board members and solid policies in place for conflict of interest and whistleblower protections.
The program expense ratio is notably high at 87.76%, suggesting that a significant portion of funds is directed towards its programs, which is a positive indicator for potential donors. However, the organization faces challenges with a liabilities to assets ratio of 61.45%, which could raise concerns about financial stability and sustainability in the long term. Overall, while there are commendable aspects of Grandmas House Daycare, potential supporters may want to consider the financial liabilities when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Grandmas House Daycare legitimate?
Grandmas House Daycare is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grandmas House Daycare 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: $41,670
Professional Fundraising Fees: $0
Other Salaries and Wages: $375,420
For more financial information, click here
What is the mission statement of Grandmas House Daycare?
Grandmas House Daycare's mission is centered around providing high-quality childcare services. They achieve this goal by employing a strategic approach that involves fundraising, accepting donations, and collecting fees to meet their expenses. The daycare's mission is to ensure the children under their care receive an educational experience alongside their daycare services, thereby contributing to their overall development. The daycare strives to maintain a standard of excellence in their services to benefit the children in their care.
Who is the CEO of Grandmas House Daycare?
Jodi Mothershead is the Center Director of Grandmas House Daycare.
What is the revenue of Grandmas House Daycare?
Grandmas House Daycare's revenue in 2022 was $639,430.
Who are the executives of Grandmas House Daycare and what are their salaries?
The average compensation at Grandmas House Daycare during 2022 was $10,695. There are 39 employees and 25 volunteers at Grandmas House Daycare.
Here are 8 key members and their salaries:
- Compensation: $41,670
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grandmas House Daycare?
Grandmas House Daycare's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grandmas House Daycare
Grandmas House Daycare, a nonprofit organization, is committed to offering high-quality childcare and educational services to children in its community. It fulfills this mission by utilizing a mix of fundraising, donations, and fees to cover expenses. The daycare's primary goal is to provide a nurturing environment that supports the overall development and well-being of the children in its care.
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Impact
July, 2024
Grandmas House Daycare's impact is felt deeply in the community of Clarinda, IA, where it provides essential childcare and educational services to children. By offering quality care and learning opportunities, Grandmas House Daycare gives parents the peace of mind they need to work and support their families. The daycare's commitment to its mission is evident in its dedication to fundraising, accepting donations, and charging fees to cover expenses, ensuring that it can continue to serve the children who rely on its services. Through its work, Grandmas House Daycare plays a crucial role in supporting families and providing a nurturing environment for children to learn and grow.
This information is meant to be a general summary of Grandmas House Daycare. 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: $94
- Program Service Revenue: $597,060
- Gross Receipts: $639,430
Assets and Liabilities:
- Total Assets: $556,724
- Total Liabilities: $342,149
- Net Assets: $214,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$597,060
Organization Details
Founding Year
2004
Phone
(712) 542-5502Principal Officer
Jodi Mothershead
Main Address
1335 E WASHINGTON ST, CLARINDA, IA, 51632
NTEE Category
Code: P33 - Human services
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