Overview
What is Lexington Playcare Center Inc?
Lexington Playcare Center Inc is a thriving nonprofit organization situated at 6 Meriam Street, Lexington, Massachusetts. Its primary purpose is to offer educational and childcare services to families within the wider Lexington community. Overseeing the center's budget, policies, and critical operations is a Board of Directors composed of parents, staff members, and community members. The Massachusetts Department of Early Education and Care has granted Lexington Playcare Center a license to cater to up to 55 toddlers and pre-school children, aged between one year and six years. The center's mission is to foster children's social development by encouraging them to become good friends, proficient problem solvers, creative risk takers, and self-governing individuals. Lexington Playcare Center places a strong emphasis on parental involvement, maintaining open and consistent communication with parents. The center strives to create a democratic, inclusive, and welcoming environment, balancing both education and childcare needs effectively. With a team of 32 dedicated employees, Lexington Playcare Center is committed to providing high-quality services to the families it serves.
Official website here: www.lexingtonplaycarecenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating from Charity Navigator)
Lexington Playcare Center Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization’s overall score is based entirely on its accountability and finance metrics, where it achieved an impressive score of 96%. This high rating signifies that the nonprofit is effectively managing its resources and maintaining transparency in its financial practices.
The organization demonstrates robust governance, with a majority of its board members being independent. This independence, along with a solid board size and comprehensive policies related to conflict of interest, whistleblower protections, and document retention, supports a culture of accountability. Additionally, the material diversion of assets is reported as nonexistent, indicating strong oversight and integrity in its operations.
In terms of financial health, Lexington Playcare Center Inc maintains a favorable liabilities-to-assets ratio of 40.35% and a program expense ratio of 78.16%, showcasing its commitment to directing funds towards its programs and minimizing liabilities. Overall, the organization showcases a strong financial foundation and effective governance, though there are no specific limitations or areas of concern noted in the data reviewed.
This AI summary has been generated from information found on Charity Navigator.
Is Lexington Playcare Center Inc legitimate?
Lexington Playcare Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Playcare Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,076,693
For more financial information, click here
Official website here: www.lexingtonplaycarecenter.org
What is the mission statement of Lexington Playcare Center Inc?
The mission of Lexington Playcare Center Inc., as stated, is centered around the development of preschool and toddler children. They aim to foster good friendships, promote problem-solving skills, encourage creative risk-taking, and develop self-governing and accepting classmates in their students. The center strives to help children become as independent as possible based on their age and development. They value parents as partners and commit to providing consistent and daily communication. Maintaining a democratic, welcoming, and inclusive environment is a key focus, ensuring a balanced approach to education and childcare. High staff morale, happy and curious children, and involved and informed parents are indicators of the center achieving its goals.
Official website here: www.lexingtonplaycarecenter.org
What is the revenue of Lexington Playcare Center Inc?
Lexington Playcare Center Inc's revenue in 2024 was $1,763,190.
Official website here: www.lexingtonplaycarecenter.org
Who are the executives of Lexington Playcare Center Inc and what are their salaries?
The average compensation at Lexington Playcare Center Inc during 2024 was $37,127. There are 29 employees and 7 volunteers at Lexington Playcare Center Inc.
Here are 9 key members and their salaries:
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- Compensation: $81,411
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- Other: $9,970
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- Compensation: $66,373
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- Other: $13,503
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Official website here: www.lexingtonplaycarecenter.org
Where can I find the form 990 for Lexington Playcare Center Inc?
Lexington Playcare Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lexingtonplaycarecenter.org
Learn more at the official website: www.lexingtonplaycarecenter.org
Mission Statement of Lexington Playcare Center Inc
Lexington Playcare Center Inc, a nonprofit organization, is dedicated to its mission of fostering the development of preschool and toddler children. The center aims to help these young ones evolve into competent problem solvers, creative thinkers who take calculated risks, and self-reliant, accepting peers. The organization believes in nurturing children to become as independent as possible, considering their age and developmental stages.
Lexington Playcare Center Inc values the role of parents and considers them essential partners. They prioritize consistent and daily communication with parents, ensuring they are well-informed about their children's progress. The center strives to create and maintain a democratic, inclusive, and welcoming environment that strikes a balance between education and childcare. This balanced approach ensures high staff morale, content children, and engaged parents, a clear indication that Lexington Playcare Center Inc has achieved its objectives.
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Impact
October, 2024
Lexington Playcare Center Inc significantly impacts the community by providing high-quality educational childcare for preschool and toddler-aged children. Serving families in the greater Lexington area, it creates a nurturing environment where children between the ages of one year and three months to six years can thrive.
The center emphasizes not only academic development but also social skills, encouraging children to become good friends, proficient problem solvers, and creative risk-takers. This holistic approach supports the development of self-sufficiency and independence in young learners, laying a strong foundation for their future. The active involvement of parents, staff, and community members ensures a collaborative atmosphere that respects family contributions and promotes open communication.
Moreover, through its commitment to maintaining a democratic and inclusive environment, Lexington Playcare Center fosters a sense of belonging and community engagement among families. Its environment is marked by high staff morale and enthusiastic participation from parents, indicative of successful oversight and operational effectiveness. Ultimately, the center serves as a critical resource for families seeking educational childcare solutions, helping to prepare children for future learning while supporting their overall well-being.
This information is meant to be a general summary of Lexington Playcare Center 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 2024.
- Investment Income: $17,641
- Program Service Revenue: $1,609,674
- Gross Receipts: $1,763,190
Assets and Liabilities:
- Total Assets: $630,144
- Total Liabilities: $148,294
- Net Assets: $481,850
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and fees
Revenue
$1,609,674
Organization Details
Founding Year
1984
Principal Officer
Darcy Kiley
NTEE Category
Code: P33Z - Human services
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