Overview
What is Framax Inc?
Framax Inc, located in Modesto, California, is a dedicated child daycare center that prioritizes the well-being and growth of children and their families. Their mission is to foster healthy and enriching lives, ensuring a nurturing environment for the children under their care. As a home care provider service, Framax Inc plays a significant role in supporting families, providing essential care and services.
Official website here: www.framax.net
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 1 Star (52%)**
Framax Inc has received a one-star rating from Charity Navigator, primarily due to its low score in Accountability & Finance, where it scored 52%. This rating reflects significant shortcomings in governance and financial transparency, including a lack of essential policies like a conflict of interest and whistleblower policy, as well as missing documentation related to board meeting minutes and its tax forms on its website.
Despite these issues, the nonprofit exhibits some organizational strengths, such as maintaining a board composed of 80% independent members, which is a positive indicator of accountability in governance. Furthermore, the organization utilizes a high percentage of its budget for program expenses, suggesting that the funds raised are allocated towards its mission-related activities rather than administrative costs.
Overall, the limitations highlighted in the assessment raise concerns regarding Framax Inc's transparency and governance practices. As a result, potential donors and volunteers should approach with caution, ensuring they thoroughly investigate these issues before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Framax Inc legitimate?
Framax Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Framax 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: $81,610
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,576
For more financial information, click here
Official website here: www.framax.net
What is the mission statement of Framax Inc?
Framax Inc, as a child daycare center, is committed to promoting healthy and enriching lives for children and their families. Their mission focuses on fostering an environment that nurtures the growth and development of children, aiming to enhance their overall well-being. The organization strives to create a supportive environment where families can feel at ease, knowing their children are in good hands.
Official website here: www.framax.net
Who is the CEO of Framax Inc?
Unavailable
Official website here: www.framax.net
What is the revenue of Framax Inc?
Framax Inc's revenue in 2022 was $7,507,537.
Official website here: www.framax.net
Who are the executives of Framax Inc and what are their salaries?
The average compensation at Framax Inc during 2022 was $36,937. There are 13 employees at Framax Inc.
Here are 5 key members and their salaries:
- Compensation: $81,610
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.framax.net
Where can I find the form 990 for Framax Inc?
Framax Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.framax.net
Learn more at the official website: www.framax.net
Mission Statement of Framax Inc
Framax Inc, a child daycare center, is committed to enhancing the lives of children and their families in a wholesome and enriching manner. The organization's mission, as stated, is to promote the well-being of children by fostering a healthy environment for them. This mission is achieved through Framax's dedication to providing a nurturing environment that supports the holistic development of children, ensuring their overall growth and happiness.
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Impact
July, 2024
Framax Inc's impact is felt through its provision of home care provider services in Modesto, CA. The organization, which operates as a child daycare center, plays a vital role in promoting healthy and enriching lives for children and their families in the community. By offering quality care and support, Framax Inc positively contributes to the overall well-being and development of the children under its care, as well as providing essential services for their families. Through its mission-driven approach, Framax Inc makes a tangible difference in the lives of those it serves, embodying its commitment to human services.
This information is meant to be a general summary of Framax 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.
- Gross Receipts: $7,507,537
Assets and Liabilities:
- Total Assets: $182,220
- Total Liabilities: $153,687
- Net Assets: $28,533
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Organization Details
Phone
(209) 578-4792Main Address
715 G STREET, MODESTO, CA, 95354
Website
www.framax.netNTEE Category
Code: P33B - Human services
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