Overview
What is Mansfield Discovery Depot?
Mansfield Discovery Depot is a nonprofit organization situated in Storrs Mansfield, Connecticut, specifically at 4 S Eagleville Rd. The primary focus of this institution is to offer childcare services to children as young as eight weeks old up until kindergarten age. The mission of Mansfield Discovery Depot is to establish a solid educational foundation for each child by catering to their unique needs and interests. They strive to provide a consistent, nurturing environment that is both warm and predictable, ensuring the overall growth and development of the children in their care. Currently, the organization employs 54 individuals.
Official website here: www.mansfieldct.gov
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star Rating
Mansfield Discovery Depot has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The overall score is entirely derived from the accountability and finance beacon, highlighting the nonprofit's commitment to transparency in its financial practices. Most notably, the organization boasts a fully independent board, which is a crucial strength in governance.
Strengths include a high score for having a majority of independent board members and a robust audit and oversight committee, indicating strong oversight of financial practices. The organization has also demonstrated effective management of its assets, with no recorded diversion. However, there are areas for improvement; specifically, the lack of a whistleblower policy and document retention and destruction policy suggests some governance policies are not fully implemented.
The program expense ratio indicates that approximately 59.49% of the organization's expenditures are directed towards program services, which is a positive sign of its mission focus. However, this score could be enhanced to further reflect the nonprofit's commitment to maximizing program impact. Overall, while Mansfield Discovery Depot shows commendable accountability, addressing its policy gaps could strengthen its overall governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Mansfield Discovery Depot legitimate?
Mansfield Discovery Depot is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mansfield Discovery Depot 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: $179,696
Professional Fundraising Fees: $0
Other Salaries and Wages: $769,272
For more financial information, click here
Official website here: www.mansfieldct.gov
What is the mission statement of Mansfield Discovery Depot?
The Mansfield Discovery Depot's mission is centered around assisting each young child in establishing a solid basis for learning and development. This is achieved by catering to their unique needs and interests. The organization is dedicated to providing consistent, nurturing care in a comfortable and predictable environment. Their primary goal is to contribute positively to the growth of these children during their formative years.
Official website here: www.mansfieldct.gov
What is the revenue of Mansfield Discovery Depot?
Mansfield Discovery Depot's revenue in 2024 was $1,780,972.
Official website here: www.mansfieldct.gov
Who are the executives of Mansfield Discovery Depot and what are their salaries?
The average compensation at Mansfield Discovery Depot during 2024 was $15,816. There are 60 employees and 15 volunteers at Mansfield Discovery Depot.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $89,921
- Related: $0
- Other: $0
- Compensation: $86,797
- Related: $0
- Other: $0
Official website here: www.mansfieldct.gov
Where can I find the form 990 for Mansfield Discovery Depot?
Mansfield Discovery Depot's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mansfieldct.gov
Learn more at the official website: www.mansfieldct.gov
Mission Statement of Mansfield Discovery Depot
Mansfield Discovery Depot, a nonprofit organization, is dedicated to providing a solid educational foundation for young children, from 8 weeks old through kindergarten. The organization's mission is to cater to each child's unique needs and interests, offering a nurturing and predictable environment. Mansfield Discovery Depot is committed to delivering consistent care that fosters growth and learning, ensuring that every child has the best possible start in their developmental journey.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Mansfield Discovery Depot makes a significant impact by helping each young child establish a solid foundation for learning and growth. Through their commitment to responding to individual needs and interests, they provide consistent nurturing care in a warm and predictable environment. This organization's focus on providing child care services for children from 8 weeks of age through kindergarten in Storrs Mansfield, CT, directly contributes to supporting the development and well-being of the community's youngest members.
This information is meant to be a general summary of Mansfield Discovery Depot. 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 2024.
- Program Service Revenue: $1,046,679
- Gross Receipts: $1,780,972
Assets and Liabilities:
- Total Assets: $941,845
- Total Liabilities: $74,944
- Net Assets: $866,901
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Day Care Services
Revenue
$1,046,679
Program 2
Revenue
$0
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
1974
Principal Officer
Steven Ferrigno
Website
www.mansfieldct.govNTEE Category
Code: P33 - Human services
If you are a representative of Mansfield Discovery Depot and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.