Craven Smart Start Inc

Nonprofit profile at a glance

EIN
562105879
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New Bern, NC, USA
Phone
2526363198
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$1,603,948
Expenses
$1,540,962
Assets
$98,481
Liabilities
$-1,817

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Cassandra Bennett (Executive Director)
  • Lisa Kemp (Vice President)
  • James Burns (President)

Highest reported compensation

  • Cassandra Bennett (Executive Director): $87,923 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Building brighter futures for young children.

What it reported doing in 2024

Child Care Resource & Referral PSC:3104 Child Care Resource and Referral (CCR&R) is aligned with the North Carolina CCR&R System to provide CCR&R services that meet NC CCR&R Council-specific outputs and outcomes. Services may include technical assistance, training for childcare providers, consumer education, and/or consumer referral. Services that are provided in this activity include: (1) Technical assistance: Technical assistance in the form of coaching and modeling provided to early childhood educators working in start-ups, licensed and/or G.S. 110 childcare facilities serving children from birth to five years old. The Technical Assistance activity will focus on improving Participating Facilities' Star Levels, Participating Facilities' Star Rating Education and Program Standards points, and ITERS/ECERS/FCCERS scores. (2) Training for childcare providers: Training for DCDEE credit hours provided on childcare-related topics and coordination of CEU opportunities. (3) Consumer education: Information and/or education to families about quality childcare. 4) Consumer referral: Referring families to local childcare options. This activity will offer a variety of materials to support childcare providers and families of young children in their learning and development. This activity will provide access to child development resources and materials, including, but not limited to, books, manipulatives, reference materials, and curriculum kits. Items for checkout will be available to educators, families with children aged 5 years or younger, college students, early interventionists, etc. Guidance on the appropriate use of the materials may be provided. This activity will also serve as a resource room with access to die cuts, laminating machines, and other supplies. CCR&R is the designated CCR&R Region 2 Lead Agency. Smart Start funds for this activity may be used for meetings and conferences. Smart Start funding may be used to support an early childhood conference and/or a recognition dinner, for other staff as needed.

Operating model

Revenue model
Grant-funded. 94% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 68% for direct work, and 32% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 94
  • Accountability: 75
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.2%; rating input score 84
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: $266.51 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 20th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.9%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.7%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 0.2% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 84.2% of revenue deployed · 87.6% of spending went to programs
  • Governance: 11 of 13 board members independent · 5 of 8 filing controls reported
  • Programs: 9 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $88K · 13 people listed
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 51/100.