Overview
What is Mountain Lake Children's Residence Inc?
Mountain Lake Children's Residence Inc, located in Lake Placid, New York, is a dedicated nonprofit organization, housing and caring for children with disabilities for a period of 12 months. The organization's primary mission is to provide a supportive residential program, focusing on the treatment and well-being of handicapped children. With a team of 147 employees, Mountain Lake Children's Residence Inc strives to offer a nurturing environment, ensuring the overall development and growth of the children under its care.
Official website here: www.mountainlakeacademy.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88%, Three-Star out of Four Star rating.
Mountain Lake Children's Residence Inc has achieved a commendable 88% rating on Charity Navigator, reflecting solid accountability and financial practices. The organization demonstrates a strong governance model with 100% of its board members being independent, which is essential for maintaining objectivity. The financial health of the nonprofit is reinforced by a high program expense ratio of 82.71%, indicating that a significant portion of its expenses directly supports its mission.
Despite these strengths, there are notable areas for improvement. The absence of a whistleblower policy and document retention policies suggests potential vulnerabilities in organizational transparency and accountability. Additionally, the lack of posted tax forms on the nonprofit's website may hinder information accessibility for stakeholders and donors interested in understanding the charity’s financial practices.
Overall, while Mountain Lake Children's Residence Inc displays robust financial management and governance, addressing the identified gaps could enhance its credibility and trust among donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Mountain Lake Children's Residence Inc legitimate?
Mountain Lake Children's Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Lake Children's Residence 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: $356,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,385,339
For more financial information, click here
Official website here: www.mountainlakeacademy.org
What is the mission statement of Mountain Lake Children's Residence Inc?
Mountain Lake Children's Residence Inc is dedicated to providing a twelve-month residential program for children with disabilities, focusing on their care and treatment. The organization's mission is centered around offering a nurturing environment where these children can receive comprehensive care and support throughout their stay. The primary goal is to assist these children in overcoming their challenges and improving their overall well-being. The residence serves as a home away from home, providing essential medical, educational, and emotional support to help these children thrive.
Official website here: www.mountainlakeacademy.org
Who is the CEO of Mountain Lake Children's Residence Inc?
Christopher Mariano is the Vice Chairperson of Mountain Lake Children's Residence Inc.
Official website here: www.mountainlakeacademy.org
What is the revenue of Mountain Lake Children's Residence Inc?
Mountain Lake Children's Residence Inc's revenue in 2022 was $8,094,565.
Official website here: www.mountainlakeacademy.org
Who are the executives of Mountain Lake Children's Residence Inc and what are their salaries?
The average compensation at Mountain Lake Children's Residence Inc during 2022 was $32,260. There are 147 employees and 5 volunteers at Mountain Lake Children's Residence Inc.
Here are 9 key members and their salaries:
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- Compensation: $141,814
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- Other: $27,538
- Compensation: $89,996
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- Other: $29,133
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- Compensation: $124,999
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- Other: $1,781
Official website here: www.mountainlakeacademy.org
Where can I find the form 990 for Mountain Lake Children's Residence Inc?
Mountain Lake Children's Residence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mountainlakeacademy.org
Learn more at the official website: www.mountainlakeacademy.org
Mission Statement of Mountain Lake Children's Residence Inc
Mountain Lake Children's Residence Inc is committed to providing a twelve-month residential program dedicated to the care and treatment of children with disabilities. The organization's mission is to create a nurturing environment where these children can receive comprehensive care and maintenance. The primary focus of Mountain Lake Children's Residence Inc is to support these children in overcoming their challenges and achieving their full potential. By offering a fully-fledged residential program, the organization ensures that the children receive round-the-clock care and attention, enabling them to grow and develop in a safe and secure environment.
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Impact
October, 2024
Mountain Lake Children's Residence Inc. provides crucial support and care for children with disabilities, offering a twelve-month residential program focused on their treatment and well-being. This dedicated environment allows for personalized, consistent care and maintenance, addressing the unique needs of each child while promoting their development and quality of life. Located in Lake Placid, NY, the organization plays a vital role in fostering a nurturing community where children with handicaps can thrive, receive specialized attention, and benefit from tailored therapeutic interventions. Through its comprehensive approach, Mountain Lake Children's Residence significantly impacts the lives of its residents and their families, creating a foundation for growth, empowerment, and improved outcomes.
This information is meant to be a general summary of Mountain Lake Children's Residence 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: -$8,108
- Program Service Revenue: $5,655,393
- Gross Receipts: $8,102,673
Assets and Liabilities:
- Total Assets: $5,916,862
- Total Liabilities: $2,651,232
- Net Assets: $3,265,630
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAINTENANCE
Revenue
$4,548,138
TUITION
Revenue
$810,202
MEDICAID REVENUE
Revenue
$243,855
CONTRACT REVENUE
Revenue
$53,198
Organization Details
Founding Year
1999
Phone
(518) 523-4300Principal Officer
Christopher Mariano
Main Address
386 RIVER ROAD, LAKE PLACID, NY, 12946
Website
www.mountainlakeacademy.orgNTEE Category
Code: P32 - Human services
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