Foundations First Child Care Ministry

Nonprofit profile at a glance

EIN
813931517
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Fort Wayne, IN, USA
Phone
2604264712
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$688,808
Expenses
$836,486
Assets
$293,435
Liabilities
$0

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

Leadership & pay

9 people listed

Executive titles in this filing

  • ASHLEY WASHINGTON (PRESIDENT)

Highest reported compensation

  • ASHLEY WASHINGTON (PRESIDENT): $45,810 total reported compensation
  • MARY MCCLUNG (VICE PRESIDE): $39,216 total reported compensation

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

Overview

Mission

Foundations first child care ministry's mission is to provide a safe, affordable, yet high quality childcare for families that have a passion to progress in all positive aspects of growth. Foundations first is to nurture the child in areas of physical, educational, emotional, social, and spiritual development. This will be achieved by providing a variety of activities that are developmentally appropriate and recognizes the individual needs and differences of children. Through christian principles, teacher-assisted and student guided activities, we are committed to encouraging children to become lifelong learners as we implement the foundations first in life.

What it reported doing in 2024

Foundations first operates monday through friday. Our operating hours have still been affected by covid-19, which has our hours from 6:30 am-5:30 p.m. Foundations first serves over 73 students and are still looking to find ways to serve more. Foundations first is striving to complete our vcp status, with this year being focused on regaining structure and a sense of normalcy from the pandemic. Our program has been able to support another teacher through her accreditation completion of early childhood.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 84
  • Accountability: 69
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.3%; rating input score 84
  • Program expense ratio: 69.5%; rating input score 69
  • Fundraising efficiency: $9.79 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 77.8%; rating input score 78; 17th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.4%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 10.2%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 27.7% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 21.6% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 43.1% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 84.3% of revenue deployed · 69.5% of spending went to programs
  • Governance: 7 of 9 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $581K in reported program spending
  • Leadership: top reported pay $46K · 9 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.