Children of Promise Childcare
Nonprofit profile at a glance
- EIN
- 454082518
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Gary, IN, USA
- Phone
- 2198801402
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $505,311
- Expenses
- $442,352
- Assets
- $137,509
- Liabilities
- $13,740
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Anthony Goffin (President)
Highest reported compensation
- C Goffin (Exec Director): $23,429 total reported compensation
- Anthony Goffin (President): $19,617 total reported compensation
- M Bennett (Teacher): $15,054 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide childcare & mental health resources for infants, preschool & grammer school age children during before-school & after-school programs while also acknowledging & addressing the needs of the
What it reported doing in 2024
Provided childcare & mental health resources for 40-50 infants,
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 81
- Accountability: 5
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85%; rating input score 85
- Program expense ratio: 97.2%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 11
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 12.5%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 15.8%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 87.4% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 70.8% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 99.6% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 85% of revenue deployed · 97.2% of spending went to programs
- Governance: 0 of 3 board members independent · 1 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $442K in reported program spending
- Leadership: top reported pay $23K · 5 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 8 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 21/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.