Overview
What is Lakeshore Little People's Place?
Lakeshore Little People's Place is a nonprofit organization that offers affordable day care services to 434 low-income families. This vital institution goes beyond just childcare, as it also provides both religious and secular instruction. By doing so, it enables parents in these families to maintain employment and strengthen their financial stability. The organization serves as an essential support system, ensuring that children are cared for while their parents work towards a better future for their families.
Official website here: www.llpp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Lakeshore Little People's Place has received a two-star rating from Charity Navigator, indicating areas for improvement in accountability and finance. While the organization boasts a fully independent board and maintains a low liabilities-to-assets ratio, it struggles significantly with financial transparency, notably lacking financial statements and key policies such as conflict of interest and whistleblower protections.
The program expense ratio is commendable at nearly 92%, suggesting that the majority of its expenditures are directed towards its programs. However, the absence of essential documentation, including the posting of tax forms and a clear policy framework, raises concerns about governance and oversight. These limitations may impact donor trust and the organization's overall effectiveness.
In summary, while Lakeshore Little People's Place demonstrates strengths in program spending and board independence, it needs to address its financial reporting and policy deficiencies to enhance its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeshore Little People's Place legitimate?
Lakeshore Little People's Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeshore Little People's 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: $2,299,994
For more financial information, click here
Official website here: www.llpp.org
What is the mission statement of Lakeshore Little People's Place?
Lakeshore Little People's Place serves as a day care provider, offering affordable services to 434 families who are financially disadvantaged. The organization goes beyond providing childcare, also offering both religious and non-religious instruction. This dual approach allows the parents of these families to secure employment and sustain their financial well-being. By doing so, Lakeshore Little People's Place contributes to the overall stability and betterment of these families.
Official website here: www.llpp.org
Who is the CEO of Lakeshore Little People's Place?
Colleen Walters is the Director of Lakeshore Little People's Place.
Official website here: www.llpp.org
What is the revenue of Lakeshore Little People's Place?
Lakeshore Little People's Place's revenue in 2022 was $3,889,270.
Official website here: www.llpp.org
Who are the executives of Lakeshore Little People's Place and what are their salaries?
The average compensation at Lakeshore Little People's Place during 2022 was $16,912. There are 136 employees at Lakeshore Little People's Place.
Here are 8 key members and their salaries:
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Official website here: www.llpp.org
Where can I find the form 990 for Lakeshore Little People's Place?
Lakeshore Little People's Place's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.llpp.org
Learn more at the official website: www.llpp.org
Mission Statement of Lakeshore Little People's Place
Lakeshore Little People's Place is a dedicated organization that provides affordable day care services to 434 families who fall under the low-income bracket. Beyond offering day care, this nonprofit also extends educational opportunities, both with a religious and secular focus. This dual service allows the parents of these families to secure employment and financially sustain their households. By providing day care and instruction, Lakeshore Little People's Place enables low-income families to maintain a stable income and create a better future for their children.
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Impact
July, 2024
Lakeshore Little People's Place has a significant impact on the community by providing low-cost day care services for 434 low-income families in Holland, MI. This enables parents to be gainfully employed and financially support their families. By offering both religious and non-religious instruction, Lakeshore Little People's Place supports the overall well-being and development of the children in its care. The organization's mission to serve the community's human services needs is fulfilled through its essential services to these families.
This information is meant to be a general summary of Lakeshore Little People's 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: $153
- Program Service Revenue: $2,137,812
- Gross Receipts: $3,889,270
Assets and Liabilities:
- Total Assets: $2,235,164
- Total Liabilities: $76,805
- Net Assets: $2,158,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$2,125,763
FUNDRAISIING
Revenue
$7,772
REGISTRATION INCOME
Revenue
$4,220
SCRIP
Revenue
$57
Organization Details
Founding Year
1997
Phone
(616) 399-9149Principal Officer
Colleen Walters
Main Address
31 E 32ND STREET, HOLLAND, MI, 49423
Website
www.llpp.orgNTEE Category
Code: P33 - Human services
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