Overview
What is Mimis Preschool Inc?
Mimis Preschool Inc, based in Scott, Louisiana, is a nonprofit organization that primarily focuses on providing daycare services to the children of working parents. Acting as a nursery school, the preschool also offers early school admissions and hosts a comprehensive kindergarten program. The institution's purpose is to support working families by offering a nurturing environment for their children to grow and learn, fostering their development and preparing them for their academic journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
Mimis Preschool Inc has received a low rating primarily due to significant deficiencies in governance and transparency. With an overall score of 50%, the organization shows concerning indicators such as having no independent board members and lacking essential financial documentation. This raises questions about accountability and oversight within the organization.
On the positive side, Mimis Preschool Inc has demonstrated a strong commitment to its mission, as evidenced by a program expense ratio of 100%, indicating that all funds are directed toward its programs. Additionally, it has a very low liabilities to assets ratio of 3.90%, which suggests financial stability concerning its obligations.
However, the nonprofit's lack of independent oversight, missing financial statements, and absence of crucial policies like conflict of interest and whistleblower protections highlight significant areas that need improvement. These factors could hinder the organization's reputation and effectiveness in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Mimis Preschool Inc legitimate?
Mimis Preschool Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mimis Preschool 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: $154,987
Professional Fundraising Fees: $0
Other Salaries and Wages: $448,258
For more financial information, click here
What is the mission statement of Mimis Preschool Inc?
Mimis Preschool Inc's primary mission is to provide daycare services to the children of working parents. Operating as a nursery school, the organization offers early school admissions and has a comprehensive kindergarten program. The mission of Mimis Preschool is to support the needs of these children, facilitating their early education and development, allowing their parents to focus on their professional commitments. The preschool provides a nurturing environment that fosters learning and growth, preparing children for their future educational endeavors.
Who is the CEO of Mimis Preschool Inc?
Douglas Bourque is the Secretary/Treas of Mimis Preschool Inc.
What is the revenue of Mimis Preschool Inc?
Mimis Preschool Inc's revenue in 2022 was $1,199,100.
Who are the executives of Mimis Preschool Inc and what are their salaries?
The average compensation at Mimis Preschool Inc during 2022 was $13,405. There are 45 employees at Mimis Preschool Inc.
Here are 3 key members and their salaries:
- Compensation: $94,064
- Related: $0
- Other: $0
- Compensation: $60,923
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mimis Preschool Inc?
Mimis Preschool Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mimis Preschool Inc
Mimi's Preschool Inc, a nonprofit organization, is committed to providing daycare services for the children of working parents. Operating as a nursery school, the preschool grants early school admissions and even has a kindergarten program available. In essence, Mimi's Preschool Inc serves as a valuable resource for families who require childcare, ensuring that their young ones receive a nurturing and educational environment while their parents attend work. By offering these services, Mimi's Preschool Inc contributes to the well-being of both children and their parents, making it an essential component of the community.
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Impact
October, 2024
Mimis Preschool Inc significantly impacts the community by providing essential daycare services tailored for the children of working parents. By offering a reliable and nurturing environment, it enables parents to pursue their careers while ensuring their children receive quality early education and care.
The preschool operates not only as a daycare but also as a nursery school, which supports children's developmental growth and socialization. Its early school admissions program creates a smooth transition for young learners, preparing them for their educational journey ahead. With a kindergarten program, Mimis Preschool further supports early childhood education, setting the foundation for lifelong learning.
Located in Scott, LA, Mimis Preschool Inc plays a vital role in the local community by fostering a safe and engaging atmosphere for children, thus contributing to the overall welfare of families and enhancing the area’s educational landscape.
This information is meant to be a general summary of Mimis Preschool 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.
- Program Service Revenue: $723,967
- Gross Receipts: $1,199,100
Assets and Liabilities:
- Total Assets: $542,276
- Total Liabilities: $21,182
- Net Assets: $521,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD CARE INCOME
Revenue
$723,967
Organization Details
Founding Year
2004
Phone
(337) 232-6100Principal Officer
Douglas Bourque
Main Address
P O BOX 1883, SCOTT, LA, 70583
NTEE Category
Code: P330 - Human services
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