Overview
What is Lakewood Community Care Center?
Lakewood Community Care Center is a nonprofit organization situated in Lakewood, Ohio, specifically at 2019 Woodward Ave. Their primary mission is to offer high-quality early childhood education and daycare services to the community. They are dedicated to providing a comprehensive range of support, ensuring all revenue and expenses are allocated to this singular purpose. With a staff of 31, they strive to make a positive impact on the lives of young children and their families in the Lakewood area.
Official website here: www.lakewoodcommunitycarecenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Lakewood Community Care Center has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization exhibits strong governance features, including a fully independent board and a compelling program expense ratio of 91.35%, indicating that a significant portion of its expenses is directed towards its programs rather than administrative costs.
However, there are notable concerns regarding transparency, as the organization has not provided financial statements, which resulted in a score of zero in that area. Additionally, the absence of a whistleblower policy and a document retention policy detracts from its overall accountability score. While it demonstrates strengths in governance and program expenditure, these limitations highlight areas for improvement in financial transparency and policy implementation.
This AI summary has been generated from information found on Charity Navigator.
Is Lakewood Community Care Center legitimate?
Lakewood Community Care Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakewood Community Care 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: $49,389
Professional Fundraising Fees: $0
Other Salaries and Wages: $603,454
For more financial information, click here
Official website here: www.lakewoodcommunitycarecenter.com
What is the mission statement of Lakewood Community Care Center?
The Lakewood Community Care Center's mission is centered around providing early childhood education and day care services. This organization strives to cater to this need within its operations, ensuring that all financial transactions are intrinsically linked to these two services. In essence, their purpose is to contribute to the development and care of young children, offering an educational and supervisory environment for their growth and learning.
Official website here: www.lakewoodcommunitycarecenter.com
Who is the CEO of Lakewood Community Care Center?
Megan Tonegato is the Executive Di of Lakewood Community Care Center.
Official website here: www.lakewoodcommunitycarecenter.com
What is the revenue of Lakewood Community Care Center?
Lakewood Community Care Center's revenue in 2022 was $1,055,102.
Official website here: www.lakewoodcommunitycarecenter.com
Who are the executives of Lakewood Community Care Center and what are their salaries?
The average compensation at Lakewood Community Care Center during 2022 was $21,059. There are 31 employees and 9 volunteers at Lakewood Community Care Center.
Here are 11 key members and their salaries:
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- Compensation: $49,389
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- Other: $0
Official website here: www.lakewoodcommunitycarecenter.com
Where can I find the form 990 for Lakewood Community Care Center?
Lakewood Community Care Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakewoodcommunitycarecenter.com
Learn more at the official website: www.lakewoodcommunitycarecenter.com
Mission Statement of Lakewood Community Care Center
Lakewood Community Care Center, as its name suggests, is dedicated to providing early childhood education and day care services. This nonprofit organization's mission is to cater to the needs of children in Lakewood, Ohio, focusing on their education and care. All of its financial transactions, including income and expenses, are directly related to its day care and early childhood education services. In essence, Lakewood Community Care Center is committed to fostering the learning and development of young children in its community.
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Impact
October, 2024
Lakewood Community Care Center significantly enriches the Lakewood, Ohio community by offering essential early childhood education and day care services. This center plays a crucial role in supporting families, allowing parents to pursue their careers while ensuring their children receive quality educational experiences and care. By addressing the critical need for reliable child care, it fosters early development and learning, helping to prepare children for future academic success.
Financially, all revenue generated by the center is reinvested into its services, ensuring that the focus remains on the well-being and growth of the children. The center's dedication to providing a nurturing and educational environment contributes to the overall health and stability of families in the area, promoting community cohesion and resilience. Through its commitment to human services, Lakewood Community Care Center positively impacts the lives of children and families, laying the foundation for a stronger community.
This information is meant to be a general summary of Lakewood Community Care 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 2022.
- Investment Income: $16
- Program Service Revenue: $727,415
- Gross Receipts: $1,055,102
Assets and Liabilities:
- Total Assets: $282,883
- Total Liabilities: $33,304
- Net Assets: $249,579
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAY CARE TUITION
Revenue
$713,443
SUPPLIES INCOME
Revenue
$6,150
REGISTRATION INCOME
Revenue
$3,860
DAY CARE INCOME
Revenue
$1,937
SACC
Revenue
$1,017
Organization Details
Founding Year
1988
Phone
(216) 226-0080Principal Officer
Megan Tonegato
Main Address
2019 WOODWARD AVE, LAKEWOOD, OH, 44107
NTEE Category
Code: P33 - Human services
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