Overview
What is Mary Lake Montessori Inc?
Mary Lake Montessori Inc, located at 5464 Mary Lake Road, Waunakee, Wisconsin 53597, is a nonprofit organization that provides daycare, preschool, and extended daycare services to the wider community. With an average enrollment of 89 students per semester, the institution is dedicated to the Montessori preschool approach, fostering an environment that encourages learning and personal growth. The organization, which employs a team of 15 individuals, is committed to catering to the educational needs of children in the local area.
Official website here: www.marylakemontessori.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Mary Lake Montessori Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. The overall score reflects a lack of independent board members and missing key financial statements, which raises questions about governance practices. The organization's financial structure shows a reasonable liabilities to assets ratio of 26.44%, and an impressive program expense ratio of 97.50%, suggesting that most funds are directed towards its programs.
Despite these positive financial metrics, the absence of independent board members and crucial policies such as a conflict of interest policy and a document retention policy highlight areas for improvement in governance. Additionally, the lack of publicly available financial statements on the nonprofit's website further detracts from transparency, impacting trust with potential donors and stakeholders.
In summary, while Mary Lake Montessori Inc demonstrates a commitment to its programs through efficient expense management, the noncompliance with essential accountability measures indicates a need for stronger oversight and transparency practices. Addressing these governance shortcomings could enhance the organization's credibility and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mary Lake Montessori Inc legitimate?
Mary Lake Montessori Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary Lake Montessori 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: $193,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,166
For more financial information, click here
Official website here: www.marylakemontessori.com
What is the mission statement of Mary Lake Montessori Inc?
Mary Lake Montessori Inc's mission is centered around providing daycare, preschool, and extended daycare services to the general public. Their primary goal is to cater to the needs of children in these age groups, ensuring a comprehensive and well-rounded early education experience. With an average enrollment of 89 students per semester, the institution is committed to making quality education accessible to a substantial number of children.
Official website here: www.marylakemontessori.com
Who is the CEO of Mary Lake Montessori Inc?
Kathryn K Lange is the Pres/Tres of Mary Lake Montessori Inc.
Official website here: www.marylakemontessori.com
What is the revenue of Mary Lake Montessori Inc?
Mary Lake Montessori Inc's revenue in 2023 was $846,173.
Official website here: www.marylakemontessori.com
Who are the executives of Mary Lake Montessori Inc and what are their salaries?
The average compensation at Mary Lake Montessori Inc during 2023 was $36,491. There are 15 employees at Mary Lake Montessori Inc.
Here are 3 key members and their salaries:
- Compensation: $193,200
- Related: $0
- Other: $260
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.marylakemontessori.com
Where can I find the form 990 for Mary Lake Montessori Inc?
Mary Lake Montessori Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.marylakemontessori.com
Learn more at the official website: www.marylakemontessori.com
Mission Statement of Mary Lake Montessori Inc
Mary Lake Montessori Inc, a distinguished organization, is dedicated to providing daycare, preschool, and extended daycare services to the general public. Their mission is to create an educational environment that caters to the needs of children, offering them a solid foundation for their future learning experiences. The average enrollment per semester at Mary Lake Montessori Inc is 89, indicating the demand and popularity of their services. By providing these essential services, the organization aims to contribute to the holistic development of young minds, preparing them for their journey in primary education and beyond.
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Impact
July, 2024
Mary Lake Montessori Inc's impact lies in providing high-quality daycare, preschool, and extended daycare services to the general public in Waunakee, WI. With an average enrollment of 89 children per semester, the organization plays a crucial role in early childhood education in the community. By offering a Montessori-based educational approach, Mary Lake Montessori Inc contributes to the academic and social development of young children, setting a strong foundation for their future learning. Through its mission of providing these essential services, the organization positively impacts the lives of children and families, promoting education and growth in the community.
This information is meant to be a general summary of Mary Lake Montessori 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 2023.
- Investment Income: $3,434
- Program Service Revenue: $738,701
- Gross Receipts: $846,173
Assets and Liabilities:
- Total Assets: $606,659
- Total Liabilities: $160,408
- Net Assets: $446,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE AND PRESCHOOL
Revenue
$738,701
Organization Details
Founding Year
1983
Phone
(608) 849-8800Principal Officer
Kathryn K Lange
Main Address
5464 MARY LAKE ROAD, WAUNAKEE, WI, 535979121
Website
www.marylakemontessori.comNTEE Category
Code: B21 - Education
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