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Little Lighthouse Learning Center

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341939330 ✦ Lorain, OH ✦ Designated as a 501(c)(3)

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Overview

What is Little Lighthouse Learning Center?

Little Lighthouse Learning Center is a nonprofit organization located in Lorain, Ohio, specifically at 1715 Meister Road, 44053. Their primary mission is to offer early learning opportunities and child care services for children residing in Lorain County, catering to ages ranging from 2 1/2 to 11 years old. This includes school-age care and summer camp programs. The organization strives to deliver high-quality preschool and child care services, dedicating a workforce of 18 individuals to ensure a nurturing environment for the children under their care.


Official website here: www.littlelighthouselearningcenter.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (73%)

Little Lighthouse Learning Center has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall operations and transparency. The center scored 73% in its overall evaluation, which reflects some strong governance practices but also significant gaps in financial transparency and documentation.

One notable strength is that the organization has a fully independent board, which is crucial for maintaining objectivity and accountability. Additionally, it demonstrates a strong commitment to its programs, with a program expense ratio of 100%, meaning all expenses are directed toward program services. However, the absence of financial statements and critical policies like a whistleblower and document retention policy highlight weaknesses in its financial accountability and governance.

Overall, while Little Lighthouse Learning Center exhibits positive aspects such as independence and program focus, the lack of essential financial documentation and policies limits its accountability. The nonprofit would benefit from addressing these gaps to improve its rating and foster greater trust among its supporters and stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Little Lighthouse Learning Center legitimate?

Little Lighthouse Learning Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Little Lighthouse 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: $94,257
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,774

For more financial information, click here


Official website here: www.littlelighthouselearningcenter.com

What is the mission statement of Little Lighthouse Learning Center?

Little Lighthouse Learning Center's mission is centered around providing high-quality early learning opportunities and child care services. This encompasses preschool education, child care for younger children, and school-age care for children up to the age of 11. The center aims to cater to children living in Lorain County, offering summer camps as well. The objective is to ensure that all children in this age range receive nurturing care and educational support to help them grow and develop.


Official website here: www.littlelighthouselearningcenter.com

Who is the CEO of Little Lighthouse Learning Center?

Palma Stipe is the Asst Director of Little Lighthouse Learning Center.


Official website here: www.littlelighthouselearningcenter.com

What is the revenue of Little Lighthouse Learning Center?

Little Lighthouse Learning Center's revenue in 2022 was $748,787.


Official website here: www.littlelighthouselearningcenter.com

Who are the executives of Little Lighthouse Learning Center and what are their salaries?

The average compensation at Little Lighthouse Learning Center during 2022 was $21,224. There are 18 employees at Little Lighthouse Learning Center.


Here are 9 key members and their salaries:


Linda M West (Asst Director)
  • Compensation: $39,520
  • Related: $0
  • Other: $0
Palma Stipe (Executive Dir.)
  • Compensation: $34,647
  • Related: $0
  • Other: $0
Johnna Lyman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Evenchik (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Ferrer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Laurenti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Valentin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leo Citro (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Hennes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.littlelighthouselearningcenter.com

Where can I find the form 990 for Little Lighthouse Learning Center?

Little Lighthouse Learning Center's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.littlelighthouselearningcenter.com

Learn more at the official website: www.littlelighthouselearningcenter.com

Mission Statement of Little Lighthouse Learning Center

Little Lighthouse Learning Center is dedicated to offering high-quality preschool, child care, and school-age care services to children between the ages of 2 ½ and 11. Their primary mission is to provide these young learners with valuable early learning opportunities, ensuring a strong foundation for their future development. This nonprofit organization is committed to catering to the needs of all children residing in Lorain County, offering a comprehensive range of services that includes school-age care and summer camps. By doing so, Little Lighthouse Learning Center plays a significant role in fostering the growth and development of its young charges, preparing them for the next stages of their educational journey.

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Impact




October, 2024

Little Lighthouse Learning Center significantly enhances the lives of children in Lorain County by providing quality preschool, child care, and school-age care for children aged 2 1/2 to 11. Its mission focuses on creating early learning opportunities that cater to the diverse needs of the community, ensuring that all children have access to essential educational resources and a nurturing environment.

Through comprehensive programs, including school-age care and summer camps, the center fosters a strong foundation for learning and personal development. By prioritizing early education, Little Lighthouse plays a crucial role in shaping the future of its young learners, preparing them for success both academically and socially. The positive impact of these initiatives resonates throughout the community, contributing to the overall growth and well-being of families in Lorain.




This information is meant to be a general summary of Little Lighthouse 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.

Revenue
$748,787 (2022)
Expenses
$569,238 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $21
  • Program Service Revenue: $61,201
  • Gross Receipts: $753,048

Assets and Liabilities:

  • Total Assets: $457,737
  • Total Liabilities: $16,871
  • Net Assets: $440,866

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITON

Revenue

$61,201

Organization Details

Founding Year

2004

Principal Officer

Palma Stipe

Main Address

1715 MEISTER RD, LORAIN, OH, 44053

NTEE Category

Code: B21 - Education

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