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Towers Play-N-Learn

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061529937 ✦ Woodside, NY ✦ Designated as a 501(c)(3)

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Overview

What is Towers Play-N-Learn?

Towers Play-N-Learn is a nonprofit organization situated in the Woodside area of Queens, New York. With a team of four dedicated individuals, their primary mission is to offer care and education for preschool-aged children. Their activities are centered around providing a nurturing environment that fosters learning and development, ensuring a well-rounded start for these young minds. The organization's work is focused on the Woodside community, offering essential services for the growth and education of preschoolers.


Official website here: www."n/a"

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

Towers Play-N-Learn has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's overall score is based solely on its Accountability & Finance beacon, highlighting its focus on responsible management of resources. The charity performed well in several areas, such as having a fully independent board and a strong program expense ratio of 89.17%, suggesting effective allocation of funds towards its mission.

However, the organization has notable gaps in its governance policies. Specifically, it lacks a conflict of interest policy, a whistleblower policy, and documentation related to the retention and destruction of records. These deficiencies in policy could raise concerns about transparency and accountability practices within the organization, which could impact stakeholder trust.

Despite these limitations, Towers Play-N-Learn shows promising financial health, evidenced by a liabilities to assets ratio of 0.00%, suggesting it operates without debt. Overall, while the organization has strong financial practices and governance elements, addressing the identified policy gaps could enhance its credibility and effectiveness in the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Towers Play-N-Learn legitimate?

Towers Play-N-Learn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Towers Play-N-Learn 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $220,791

For more financial information, click here


Official website here: www."n/a"

What is the mission statement of Towers Play-N-Learn?

Towers Play-N-Learn's mission is centered around providing care and education for preschool children. The organization focuses on offering daycare and educational services, aiming to foster the growth and development of young learners. Their activities are designed to cater to the needs of preschoolers, promoting a holistic approach to learning and development. The organization strives to create an engaging and nurturing environment where children can learn and grow, preparing them for their future academic journeys. While the specific details of their educational approach or additional services are not provided, it is clear that Towers Play-N-Learn is committed to the well-being and education of preschool-aged children.


Official website here: www."n/a"

Who is the CEO of Towers Play-N-Learn?

Michael Chan is the President of Towers Play-N-Learn.


Official website here: www."n/a"

What is the revenue of Towers Play-N-Learn?

Towers Play-N-Learn's revenue in 2022 was $457,813.


Official website here: www."n/a"

Who are the executives of Towers Play-N-Learn and what are their salaries?

The average compensation at Towers Play-N-Learn during 2022 was $55,198. There are 4 employees at Towers Play-N-Learn.


Here are 3 key members and their salaries:


Michael Chan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Flavia Sosa (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Petroff (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www."n/a"

Where can I find the form 990 for Towers Play-N-Learn?

Towers Play-N-Learn's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www."n/a"

Learn more at the official website: www."n/a"

Mission Statement of Towers Play-N-Learn

Towers Play-N-Learn is dedicated to providing comprehensive care and education for preschool children. Their mission is centered around nurturing and educating young learners in the Woodside, Queens area. Through their daycare services, they offer a stimulating environment that fosters growth and development in children, preparing them for their future educational journey.

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Impact




July, 2024

Towers Play-N-Learn has a significant impact on the Woodside, Queens community by providing care and education for preschool children. Through its daycare and educational programs, Towers Play-N-Learn plays a crucial role in preparing young children for their academic journey. By offering a safe and nurturing environment, this organization helps children develop essential skills and knowledge that are foundational for their future success. The positive impact of Towers Play-N-Learn extends beyond the children it directly serves, benefiting families and the community as a whole by providing much-needed support and resources for working parents.




This information is meant to be a general summary of Towers Play-N-Learn. 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.

Revenue
$457,813 (2022)
Expenses
$355,275 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2
  • Program Service Revenue: $4,157
  • Gross Receipts: $457,813

Assets and Liabilities:

  • Total Assets: $110,583
  • Total Liabilities: $0
  • Net Assets: $110,583

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION

Revenue

$4,157

Organization Details

Founding Year

2009

Principal Officer

Michael Chan

Main Address

60-10A 47TH AVENUE, WOODSIDE, NY, 11377

Website

www."n/a"

NTEE Category

Code: P33 - Human services

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