Overview
What is Mystic Learning Center Inc?
Mystic Learning Center Inc, located at 530 Mystic Avenue Room 103, Somerville, Massachusetts 02145, is a nonprofit organization dedicated to providing educational child care services to school-age children from low-income families residing in the metropolitan Somerville area. Their mission extends beyond basic child care, offering teen cultural, recreational, and educational programs. Furthermore, the center offers youth employment, educational training, and enrichment services to the Mystic Avenue Housing Development community. With a team of 39 dedicated individuals, Mystic Learning Center Inc strives to foster a learning environment that supports the growth and development of its young attendees.
Official website here: www.mysticlearningcenter.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Mystic Learning Center Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored exceptionally well in all evaluated areas, particularly in its independent board composition and financial oversight, indicating a well-managed and transparent operation.
The charity boasts a 100% independent board, which is a significant strength, as it assures stakeholders of unbiased governance. Additionally, it has a high program expense ratio of 89.67%, suggesting that the majority of its resources are directed towards its programs rather than administrative costs. This focus on programmatic efficiency reinforces the organization’s commitment to its mission.
While the charity's overall performance is impressive, potential donors and stakeholders might consider looking for external reviews or testimonials to gain a fuller perspective on the impact of its programs. However, the current financial metrics indicate a robust and ethical organization with solid governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Mystic Learning Center Inc legitimate?
Mystic Learning Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mystic Learning 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: $28,028
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,908
For more financial information, click here
Official website here: www.mysticlearningcenter.org
What is the mission statement of Mystic Learning Center Inc?
The Mystic Learning Center Inc's mission is centered around providing educational child care services to children from low-income families. Additionally, the center extends its services to offer youth employment, educational training, and enrichment programs within its scope. This commitment extends beyond child care, as the center also focuses on serving the Mystic Avenue Housing Development community.
Official website here: www.mysticlearningcenter.org
What is the revenue of Mystic Learning Center Inc?
Mystic Learning Center Inc's revenue in 2024 was $1,076,756.
Official website here: www.mysticlearningcenter.org
Who are the executives of Mystic Learning Center Inc and what are their salaries?
The average compensation at Mystic Learning Center Inc during 2024 was $18,531. There are 30 employees and 30 volunteers at Mystic Learning Center Inc.
Here are 28 key members and their salaries:
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- Compensation: $28,028
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- Other: $983
Official website here: www.mysticlearningcenter.org
Where can I find the form 990 for Mystic Learning Center Inc?
Mystic Learning Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mysticlearningcenter.org
Learn more at the official website: www.mysticlearningcenter.org
Mission Statement of Mystic Learning Center Inc
Mystic Learning Center Inc, a nonprofit organization, is dedicated to serving the educational needs of school-age children from low-income families. Its primary mission is to provide high-quality child care services, ensuring these children receive an enriching learning environment. In addition to this, the center extends its reach to the youth living in the Mystic Avenue Housing Development, offering employment opportunities, educational training, and enrichment services. By doing so, Mystic Learning Center Inc aims to empower and uplift the younger generation, fostering their growth and development.
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Impact
October, 2024
Mystic Learning Center Inc significantly enriches the lives of school-age children from low-income families in the Metropolitan Somerville area. By providing educational child care services, the center ensures that children have a safe and supportive environment where they can learn and grow.
The center’s programs extend beyond basic care; they include teen cultural, recreational, and educational activities that foster personal development and community engagement. Youth employment opportunities and educational training offered through the center empower young individuals, equipping them with essential skills for their future.
Overall, Mystic Learning Center Inc plays a crucial role in bridging educational gaps, enhancing youth employment prospects, and supporting families in the Mystic Avenue housing development, thereby fostering a stronger, more resilient community.
This information is meant to be a general summary of Mystic Learning 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.
- Program Service Revenue: $10,481
- Gross Receipts: $1,076,756
Assets and Liabilities:
- Total Assets: $304,787
- Total Liabilities: $45,766
- Net Assets: $259,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & REGISTR. FEE
Revenue
$10,432
MISCELLANEOUS INCOME
Revenue
$49
Organization Details
Founding Year
1986
Principal Officer
Tracey Stearns
Website
www.mysticlearningcenter.orgNTEE Category
Code: P33Z - Human services
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