Overview
What is The Discovery Place?
The Discovery Place, situated in Thief River Falls, Minnesota, is a distinguished nonprofit organization that offers daycare services to over 100 young children on a daily basis, throughout the year. Their primary mission is to provide a nurturing, secure, and educational environment for children aged between 6 weeks and 12 years old. With a dedicated team of 24 employees, they ensure that each child receives the best possible care and learning opportunities, aiming to foster their growth and development in a safe and stimulating setting.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating. This rating indicates a moderate level of performance in the areas of accountability and financial health.
The Discovery Place demonstrates strengths in governance, with a fully independent board and a complete adherence to conflict of interest policies. The organization also reports no material diversion of assets, which contributes positively to its accountability score. Additionally, a high program expense ratio of nearly 86% suggests that a significant portion of its funding is directed towards programmatic activities rather than overhead.
However, the overall rating of 71% reflects some limitations in financial management that could be improved. While the organization shows strong governance and low liabilities, the two-star rating suggests there are areas in which it can enhance its financial practices or transparency to achieve a higher level of trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Discovery Place legitimate?
The Discovery Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Discovery Place 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: $432,977
For more financial information, click here
What is the mission statement of The Discovery Place?
The Discovery Place, an institution dedicated to young children, aims to provide a nurturing, safe, and educational environment for children aged six weeks to twelve years old. Their primary mission is to offer daycare services to over 100 children, five days a week, throughout the year. The organization ensures that these children receive comprehensive care, fostering their growth and development in a stimulating and secure setting.
Who is the CEO of The Discovery Place?
Kelly Taggart is the Secretary of The Discovery Place.
What is the revenue of The Discovery Place?
The Discovery Place's revenue in 2022 was $722,978.
Who are the executives of The Discovery Place and what are their salaries?
The average compensation at The Discovery Place during 2022 was $18,041. There are 24 employees and 10 volunteers at The Discovery Place.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Discovery Place?
The Discovery Place's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Discovery Place
The Discovery Place, a nonprofit organization, is dedicated to providing daycare and early learning opportunities for young children. This encompasses children ranging from six weeks old to twelve years of age, ensuring a comprehensive and nurturing environment for their growth and development. The Discovery Place's mission is to offer these young children a secure, educational setting, fostering their development in a manner that is both safe and stimulating. The organization fulfills this mission by providing daycare services to over 100 children, five days a week, throughout the entire year.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Discovery Place significantly enhances the community by providing essential daycare and learning services for young children, ages 6 weeks to 12 years old. By accommodating over 100 children five days a week throughout the year, it creates a nurturing and safe environment where children can thrive. This focus on education and care not only supports the development of the children but also enables parents to pursue work and other responsibilities with peace of mind, knowing their children are in capable hands. By fostering early childhood development, The Discovery Place plays a vital role in shaping the future of the community, equipping the next generation with the foundational skills and social experiences necessary for lifelong learning and growth.
This information is meant to be a general summary of The Discovery Place. 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: $932
- Program Service Revenue: $570,250
- Gross Receipts: $722,978
Assets and Liabilities:
- Total Assets: $583,283
- Total Liabilities: $3,022
- Net Assets: $580,261
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES
Revenue
$538,186
FOOD SERVICE
Revenue
$32,064
Organization Details
Founding Year
1971
Phone
(218) 681-5202Principal Officer
Kelly Taggart
Main Address
305 East Nora Street, Thief River Falls, MN, 56701
NTEE Category
Code: P33Z - Human services
If you are a representative of The Discovery Place and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.