Overview
What is Old Lyme Childrens Learning Center?
The Old Lyme Children's Learning Center is a nonprofit organization situated in Old Lyme, Connecticut. Their primary mission is to offer children an enriching environment where they can grow, explore, and discover, fostering their individual creativity and social development within small groups. The center's activities are meticulously designed to enhance each child's self-esteem and mastery skills, encompassing socio-emotional, cognitive, language, and both small and large motor skill development. Despite a temporary closure due to a significant issue in the main building on February 2023, the center is currently undergoing major renovations to ensure its continued provision of a secure, safe, and joyful atmosphere for children's holistic development. The organization employs 48 dedicated individuals to carry out its mission.
Official website here: www.olclc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Old Lyme Children's Learning Center has received a low rating of 58% from Charity Navigator, indicating significant concerns regarding accountability and finance. The nonprofit has not demonstrated independent governance, as it has 0% independent board members. Furthermore, while some financial practices are in place, critical documents such as financial statements and the tax form are missing from their website, which raises transparency issues.
Despite these shortcomings, the organization has a strong program expense ratio of 75.19%, suggesting that a majority of its funds are directed towards its programs rather than administrative costs. Additionally, it has scored well on certain accountability measures, such as having documented board meeting minutes and a conflict of interest policy in place. However, the absence of a whistleblower policy and document retention protocols points to areas where improvements are necessary.
In summary, while Old Lyme Children's Learning Center shows a commitment to its programming, its governance structure and financial transparency practices need significant enhancement to inspire greater confidence among potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Old Lyme Childrens Learning Center legitimate?
Old Lyme Childrens Learning Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Lyme Childrens Learning Center 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: $58,240
Professional Fundraising Fees: $0
Other Salaries and Wages: $330,217
For more financial information, click here
Official website here: www.olclc.com
What is the mission statement of Old Lyme Childrens Learning Center?
The Old Lyme Children's Learning Center's mission is centered around providing children with ample time and opportunities for growth, exploration, and discovery. The programs offered at the center aim to nurture children as creative individuals and active members of small groups. Daily activities and experiences are designed to boost each child's self-esteem and mastery skills, fostering a secure, safe, and joyful environment that encourages the holistic development of the child, encompassing socio-emotional, cognitive, language, and both small and large motor skills. Due to a significant issue in the main building, all activities were temporarily halted on February 2023. At present, the building is undergoing major renovations.
Official website here: www.olclc.com
Who is the CEO of Old Lyme Childrens Learning Center?
Kristen St Germain is the President of Old Lyme Childrens Learning Center.
Official website here: www.olclc.com
What is the revenue of Old Lyme Childrens Learning Center?
Old Lyme Childrens Learning Center's revenue in 2023 was $594,515.
Official website here: www.olclc.com
Who are the executives of Old Lyme Childrens Learning Center and what are their salaries?
The average compensation at Old Lyme Childrens Learning Center during 2023 was $8,093. There are 48 employees at Old Lyme Childrens Learning Center.
Here are 9 key members and their salaries:
- Compensation: $58,240
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.olclc.com
Where can I find the form 990 for Old Lyme Childrens Learning Center?
Old Lyme Childrens Learning Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.olclc.com
Learn more at the official website: www.olclc.com
Mission Statement of Old Lyme Childrens Learning Center
Old Lyme Children's Learning Center's mission is centered around providing children with ample time and opportunities for growth and discovery. The center's programs are meticulously designed to foster the development of children as creative individuals and active members of small groups. Through daily activities and experiences, the center aims to bolster each child's sense of self-esteem and mastery skills. The ultimate goal is to create a secure, safe, and joyful environment that encourages the natural development of the child as a whole, encompassing socio-emotional, cognitive, language, and both small and large motor skills. Unfortunately, due to a significant issue in the main building, all activities had to be suspended on February 2023. The building is currently undergoing major renovations.
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Impact
July, 2024
Old Lyme Childrens Learning Center has a significant impact on the children it serves by providing them with the time and opportunities to grow, explore, and discover. The programs offered by the center promote the development of children as creative individuals and as members of small groups. Daily activities and experiences are designed to enhance each child's sense of self-esteem and mastery skills. The center aims to provide a secure, safe, and happy environment that fosters the natural development of the whole child, including socio-emotional, cognitive, language, and small and large motor skills.
This information is meant to be a general summary of Old Lyme Childrens Learning Center. 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 2023.
- Investment Income: $1,839
- Program Service Revenue: $503,442
- Gross Receipts: $597,414
Assets and Liabilities:
- Total Assets: $404,945
- Total Liabilities: $3,490
- Net Assets: $401,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$503,442
Organization Details
Founding Year
1987
Phone
(860) 434-1728Principal Officer
Kristen St Germain
Main Address
57 Lyme Street, Old Lyme, CT, 06371
Website
www.olclc.comNTEE Category
Code: P33 - Human services
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