Overview
What is Child Care Connection Inc?
Child Care Connection Inc Dba Thread is a nonprofit organization based in Anchorage, Alaska. Established to advance early education and child development, they work closely with the Alaska Department of Health and Social Services, private and non-governmental grants, and municipalities. Their mission encompasses supporting families in choosing appropriate child care, enhancing the quality of child care programs, and providing training and technical assistance to early educators. Through these initiatives, they empower parents, educate child care professionals, and collaborate with their communities. The organization structure consists of three sister organizations, each focusing on Child Care Resources and Referral Services, Pre-Kindergarten services, and Child Care Assistance services in the Northern Region and Southwest Regions. With a team of 44 employees, Thread strives to improve the early education landscape in Alaska.
Official website here: www.threadalaska.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91%, Four-Star out of Four Star rating.
Child Care Connection Inc has achieved a Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization scored particularly well in key areas such as board independence, with 100% of board members being independent, and it maintains robust financial oversight. Its program expense ratio is also impressive at 97.52%, suggesting that the majority of funds are directly supporting its mission.
The financial health of Child Care Connection Inc is highlighted by its effective management of assets and strong internal policies. The organization has a clean record regarding asset diversion, and it adheres to best practices with a conflict of interest policy and a whistleblower policy in place. These factors contribute to the overall trustworthiness and transparency of the nonprofit.
However, the organization’s liabilities to assets ratio stands at 62.26%, which could be a point of concern for potential donors regarding financial stability. While the nonprofit demonstrates strong fiscal management, ongoing monitoring of its financial health will be essential to ensure it can continue to effectively serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Child Care Connection Inc legitimate?
Child Care Connection Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Child Care Connection Inc 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: $532,324
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,012,341
For more financial information, click here
Official website here: www.threadalaska.org
What is the mission statement of Child Care Connection Inc?
Child Care Connection Inc Dba Thread strives to enhance the standard of early education and child development. They accomplish this by advocating for parents, instructing child care professionals, and fostering collaborations with communities. This network, comprised of three non-profit sister organizations, collectively provides Child Care Resources and Referral Services, Pre-Kindergarten programs, and Child Care Assistance services. Their ultimate goal is to improve the overall quality of early childhood development for a better future.
Official website here: www.threadalaska.org
Who is the CEO of Child Care Connection Inc?
Stephanie Berglund is the Ceo of Child Care Connection Inc. The CEO's salary of Child Care Connection Inc is $182,074 and their total compensation is $188,045.
Official website here: www.threadalaska.org
What is the revenue of Child Care Connection Inc?
Child Care Connection Inc's revenue in 2022 was $30,433,015.
Official website here: www.threadalaska.org
Who are the executives of Child Care Connection Inc and what are their salaries?
The average compensation at Child Care Connection Inc during 2022 was $57,833. There are 44 employees and 16 volunteers at Child Care Connection Inc.
Here are 15 key members and their salaries (Child Care Connection Inc's CEO's salary is $182,074 and their total compensation is $188,045):
- Compensation: $182,074
- Related: $0
- Other: $5,971
- Compensation: $135,990
- Related: $0
- Other: $17,491
- Compensation: $132,703
- Related: $0
- Other: $4,048
- Compensation: $112,799
- Related: $0
- Other: $3,451
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.threadalaska.org
Where can I find the form 990 for Child Care Connection Inc?
Child Care Connection Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.threadalaska.org
Learn more at the official website: www.threadalaska.org
Mission Statement of Child Care Connection Inc
Child Care Connection Inc Dba Thread is a collective of three non-profit organizations, working together under one brand to enhance the quality of early education and child development in their communities. Their mission is geared towards empowering parents, educating child care professionals, and fostering collaborations within their networks.
Thread's first commitment is to parents, providing them with valuable resources and support as they navigate the complexities of early education and child development. By equipping parents with the knowledge and tools they need, Thread aims to ensure that children receive the best possible start in life.
The educational aspect of Thread's mission focuses on child care professionals. Through their training and development programs, these dedicated individuals are able to improve their skills and expand their knowledge base, ultimately leading to better care and more effective learning environments for young children.
Thread's collaborative approach brings together various stakeholders to address the needs of their communities. By building strong partnerships and working in unison, they are able to ensure that their resources and services reach the families who need them most.
Thread's network encompasses three distinct areas of expertise: Child Care Resources and Referral Services, Pre-Kindergarten services, and Child Care Assistance services. Together, these sister organizations provide a comprehensive suite of offerings designed to support children and families throughout their early education journey.
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Impact
October, 2024
Child Care Connection Inc plays a vital role in enhancing the quality of early education and child development in Alaska. By empowering parents and educating child care professionals, the organization helps families make informed choices about child care while supporting early educators with essential training and technical assistance. This comprehensive approach not only improves child care programs but also fosters strong collaborations within communities to promote holistic development for children.
Through strategic partnerships, including those with the Alaska Department of Health and Social Services and various grants, Child Care Connection Inc is able to offer vital resources, including the COVID-19 Stabilization grant support, which has been crucial for sustaining early child care programs during challenging times. The organization serves as a foundational element of a larger network that provides statewide resources for child care and educational services, ensuring that families in Anchorage and surrounding regions have access to high-quality early childhood education and support.
This information is meant to be a general summary of Child Care Connection Inc. 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: $71,971
- Program Service Revenue: $290,897
- Gross Receipts: $30,438,635
Assets and Liabilities:
- Total Assets: $2,280,020
- Total Liabilities: $489,487
- Net Assets: $1,790,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract for Services
Revenue
$281,651
Training & Consultations
Revenue
$9,246
Organization Details
Founding Year
1985
Phone
(907) 265-3100Principal Officer
Stephanie Berglund
Main Address
3350 Commercial Dr Ste 203, Anchorage, AK, 99501
Website
www.threadalaska.orgNTEE Category
Code: P33Z - Human services
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