Overview
What is Pinocchio Child Care Center Inc?
Pinocchio Child Care Center Inc is a nonprofit organization situated in Los Angeles, California, specifically at 401 12 S Berendo St, 90020. Their primary mission is to offer child care services outside of the home, enabling parents to secure employment. By providing this service, the center aims to enhance children's math, language, and social skills, thereby reducing their reliance on special education as they progress through school in Los Angeles County, California. The center employs 17 individuals, contributing to the local community by supporting parents in their careers while ensuring the growth and development of their children.
Official website here: www.prek.club/day-care-school/pinocc
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Star rating (54%)
Pinocchio Child Care Center Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored only 54% in this area, which raises questions about its governance and operational transparency.
Strengths of the organization include a perfect score for financial statements and oversight, as well as a strong program expense ratio. These aspects suggest that funds are being allocated effectively towards its mission. However, the lack of independent board members and significant weaknesses in areas such as conflict of interest policies and document retention highlight critical governance issues that need to be addressed.
The lack of transparency is further underscored by a poor showing in the documentation of board meeting minutes and the absence of necessary policies, including a whistleblower policy. Overall, while Pinocchio Child Care Center Inc demonstrates some positive financial management, its governance and accountability practices require substantial improvement to gain the trust of its stakeholders and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Pinocchio Child Care Center Inc legitimate?
Pinocchio Child Care Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pinocchio Child Care Center 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: $129,829
Professional Fundraising Fees: $0
Other Salaries and Wages: $347,879
For more financial information, click here
Official website here: www.prek.club/day-care-school/pinocc
What is the mission statement of Pinocchio Child Care Center Inc?
The mission of Pinocchio Child Care Center Inc, as stated, is to establish a child care center accessible to the general public. This service aims to provide an alternative to home care, enabling parents to secure employment and contribute gainfully to their communities. The center's primary objective is to enhance children's development in various aspects, including math, language, and social skills. As children grow older, they are expected to require less special education and demonstrate improved performance in school.
Official website here: www.prek.club/day-care-school/pinocc
Who is the CEO of Pinocchio Child Care Center Inc?
Patrick Lim is the Secretary of Pinocchio Child Care Center Inc.
Official website here: www.prek.club/day-care-school/pinocc
What is the revenue of Pinocchio Child Care Center Inc?
Pinocchio Child Care Center Inc's revenue in 2022 was $1,138,013.
Official website here: www.prek.club/day-care-school/pinocc
Who are the executives of Pinocchio Child Care Center Inc and what are their salaries?
The average compensation at Pinocchio Child Care Center Inc during 2022 was $28,100. There are 17 employees at Pinocchio Child Care Center Inc.
Here are 4 key members and their salaries:
- Compensation: $101,320
- Related: $0
- Other: $13,627
- Compensation: $28,509
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.prek.club/day-care-school/pinocc
Where can I find the form 990 for Pinocchio Child Care Center Inc?
Pinocchio Child Care Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prek.club/day-care-school/pinocc
Learn more at the official website: www.prek.club/day-care-school/pinocc
Mission Statement of Pinocchio Child Care Center Inc
Pinocchio Child Care Center Inc, a nonprofit organization, is committed to providing a child care center for the general public. Their mission is to offer an alternative to in-home child care, enabling parents to secure gainful employment. By providing child care outside the home, Pinocchio Child Care Center Inc aims to positively impact the development of children. This includes enhancing their mathematical, linguistic, and social skills, leading to a smoother transition into school. As children grow, they are less likely to require special education and are more likely to progress further in their academic journey. The center's mission ultimately contributes to the overall improvement of children's educational outcomes in the county of Los Angeles, California.
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Impact
July, 2024
Pinocchio Child Care Center Inc's impact lies in providing essential child care services to the general public in Los Angeles, California. By offering a safe and nurturing environment for children outside the home, the center enables parents to pursue gainful employment with peace of mind. This not only supports the economic well-being of families but also contributes to the development of children. Studies have shown that children who attend high-quality child care programs exhibit better math, language, and social skills when they enter school. Furthermore, as these children progress through the education system, they are likely to require less special education and perform better academically. In essence, Pinocchio Child Care Center Inc plays a crucial role in setting up children for future success by providing quality child care services in the bustling city of Los Angeles.
This information is meant to be a general summary of Pinocchio Child Care Center 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: $1,138,013
Assets and Liabilities:
- Total Assets: $830,416
- Total Liabilities: $684,698
- Net Assets: $145,718
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Organization Details
Founding Year
2005
Principal Officer
Patrick Lim
Main Address
401 12 S BERENDO ST, LOS ANGELES, CA, 90020
NTEE Category
Code: P33 - Human services
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