Overview
What is Magic Garden Inc?
Magic Garden Inc is a nonprofit organization located in Lincoln, Massachusetts. Their primary focus is providing education, recreation, culture, and enrichment to children aged 15 months to 6 years through their preschool program, which operates four classrooms with a capacity of 54 full-time students. The program operates year-round from 7:30 AM to 6:00 PM, five days a week. In 2019, they expanded their services with an infant center for infants and toddlers aged 2 months to 33 months. The center employs five full-time staff members. Magic Garden Inc's mission is rooted in the belief that children learn best through hands-on activities, fostering a nurturing environment that encourages friendship, self-discovery, and respect for diversity. The organization aims to cultivate children's natural curiosity and promote a lifelong love of learning. Overall, Magic Garden Inc is committed to empowering and nurturing young minds.
Official website here: www.magic-garden.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Magic Garden Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88%. This score is derived entirely from its Accountability & Finance metrics, indicating a strong commitment to transparency and effective financial management. The organization demonstrates excellent practices in areas such as independent board composition and financial audits, showcasing a well-structured governance framework.
The majority of the board members are independent, which is a positive sign for accountability, and the organization has received top marks for its program expense ratio, indicating that a significant portion of its funds directly supports its mission. Additionally, there are no reported issues regarding the diversion of assets, which reinforces the trustworthiness of this nonprofit.
However, there are noted limitations, specifically the absence of a conflict of interest policy and a whistleblower policy, which could be areas for improvement. Addressing these gaps would further enhance the organization's accountability and governance practices. Overall, Magic Garden Inc stands out for its financial health and commitment to its programs, though strengthening its policies could provide even more assurance to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Magic Garden Inc legitimate?
Magic Garden Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magic Garden 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: $192,972
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,069,078
For more financial information, click here
Official website here: www.magic-garden.org
What is the mission statement of Magic Garden Inc?
Magic Garden Children's Center, founded on the belief that children learn best through hands-on activities, aims to provide a nurturing environment where children can build friendships, gain support, and broaden their understanding of themselves, others, and the world. The center empowers children to be confident in their individual identities, respectful of diverse perspectives, and aware of the rich diversity of their community and the world. Magic Garden seeks to cultivate children's natural curiosity and foster a lifelong love of learning.
Official website here: www.magic-garden.org
Who is the CEO of Magic Garden Inc?
Kara-Lynn Soo is the Co-President of Magic Garden Inc.
Official website here: www.magic-garden.org
What is the revenue of Magic Garden Inc?
Magic Garden Inc's revenue in 2022 was $2,183,316.
Official website here: www.magic-garden.org
Who are the executives of Magic Garden Inc and what are their salaries?
The average compensation at Magic Garden Inc during 2022 was $32,360. There are 39 employees and 1 volunteer at Magic Garden Inc.
Here are 8 key members and their salaries:
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- Compensation: $54,675
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- Other: $9,381
- Compensation: $49,524
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- Other: $0
- Compensation: $105,301
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- Other: $9,139
Official website here: www.magic-garden.org
Where can I find the form 990 for Magic Garden Inc?
Magic Garden Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.magic-garden.org
Learn more at the official website: www.magic-garden.org
Mission Statement of Magic Garden Inc
Magic Garden Children's Center is dedicated to fostering a conducive learning environment for children based on the principle that they learn best through hands-on activities. Located in a welcoming and nurturing setting, children at Magic Garden discover friendship and support as they expand their understanding of themselves, others, and the world around them. The center empowers children to develop a strong sense of self-confidence, respect for diverse perspectives, and awareness of the rich diversity in their community and beyond. Magic Garden's mission is centered around nurturing children's natural curiosity and cultivating a lifelong passion for learning.
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Impact
July, 2024
Magic Garden Inc's impact can be seen in the holistic development of children through engaging hands-on activities that foster curiosity and a love for learning. By providing a diverse curriculum, a nurturing environment, and promoting respect for diversity, Magic Garden empowers children to be confident in their identities and understanding of the world around them. With programs for preschoolers and infants, Magic Garden serves a wide range of children, helping them expand their knowledge, social skills, and cultural awareness. Through their efforts, Magic Garden is shaping future generations to be compassionate, knowledgeable, and curious individuals.
This information is meant to be a general summary of Magic Garden 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.
- Investment Income: $390
- Program Service Revenue: $1,953,615
- Gross Receipts: $2,183,316
Assets and Liabilities:
- Total Assets: $1,669,759
- Total Liabilities: $203,546
- Net Assets: $1,466,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEES
Revenue
$1,951,155
APPLICATION AND REGIST
Revenue
$2,460
Organization Details
Founding Year
1982
Phone
(781) 259-8161Principal Officer
Kara-Lynn Soo
Main Address
PO BOX 34 BALLFIELD ROAD, LINCOLN, MA, 01773
Website
www.magic-garden.orgNTEE Category
Code: B22Z - Education
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