Overview
What is Lake Harriet Montessori Inc?
Lake Harriet Montessori Inc, located at 915 W 45th Street, Minneapolis, MN 55419, is a nonprofit organization dedicated to providing Montessori education and childcare services. With a volunteer-led board, this institution serves approximately 39 full and part-time children, offering an engaging and nurturing environment that follows the Montessori method. The school's mission is to foster cognitive, social, and emotional growth in young learners through hands-on activities, individualized instruction, and collaboration, all within a family-oriented community. The organization currently employs 14 individuals, ensuring a supportive and well-staffed educational environment for the children in its care.
Official website here: www.lhms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 69%)
Lake Harriet Montessori Inc has received a two-star rating from Charity Navigator, indicating that the organization requires improvement in certain areas. While the nonprofit has demonstrated strong governance elements, such as having a fully independent board and maintaining no material diversions of assets, it lacks critical financial transparency, as no financial statements are available for review.
The nonprofit excels in its program expense ratio, allocating 86.50% of its budget to programs, which suggests a strong commitment to its mission. However, the absence of essential policies, including those for conflict of interest and whistleblower protections, raises concerns about governance practices. Additionally, the lack of posted financial documents on its website limits accountability and transparency for stakeholders.
Overall, while Lake Harriet Montessori Inc shows promise through its program expenditures and independent governance, the significant gaps in financial documentation and policy framework contribute to its lower rating. Addressing these limitations could enhance the organization's standing and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Harriet Montessori Inc legitimate?
Lake Harriet Montessori Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Harriet 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: $63,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $255,886
For more financial information, click here
Official website here: www.lhms.org
What is the mission statement of Lake Harriet Montessori Inc?
Lake Harriet Montessori Inc's mission is centered around operating a Montessori school and childcare program. The program board is run by volunteer parents, serving approximately 39 children on a full-time and part-time basis. The organization's primary focus is on providing a Montessori education, which fosters independence, creativity, and a love for learning in children from a young age. By utilizing a volunteer parent-led board, the institution aims to create a nurturing and supportive environment for both children and their families.
Official website here: www.lhms.org
Who is the CEO of Lake Harriet Montessori Inc?
Krissy Jorgensen is the President of Lake Harriet Montessori Inc.
Official website here: www.lhms.org
What is the revenue of Lake Harriet Montessori Inc?
Lake Harriet Montessori Inc's revenue in 2023 was $533,865.
Official website here: www.lhms.org
Who are the executives of Lake Harriet Montessori Inc and what are their salaries?
The average compensation at Lake Harriet Montessori Inc during 2023 was $22,825. There are 14 employees and 22 volunteers at Lake Harriet Montessori Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $57,814
- Related: $0
- Other: $0
Official website here: www.lhms.org
Where can I find the form 990 for Lake Harriet Montessori Inc?
Lake Harriet Montessori Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lhms.org
Learn more at the official website: www.lhms.org
Mission Statement of Lake Harriet Montessori Inc
Lake Harriet Montessori Inc, a nonprofit organization, is driven by a mission to provide a Montessori school and childcare program. This mission is overseen by a board of volunteer parents, demonstrating the strong community involvement in the organization. The Montessori program serves around 39 full and part-time children, providing an educational environment that fosters growth and development in young learners.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lake Harriet Montessori Inc, a Montessori school and childcare program in Minneapolis, MN, makes a significant impact by providing educational and childcare services to approximately 39 full and part-time children. The program, run by volunteer parents, follows the Montessori philosophy to foster a child-centered learning environment. Through its dedication to high-quality education and personalized care, Lake Harriet Montessori Inc contributes to the development and growth of the children it serves, promoting early childhood education and a nurturing learning environment.
This information is meant to be a general summary of Lake Harriet 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: $5,022
- Program Service Revenue: $504,689
- Gross Receipts: $533,865
Assets and Liabilities:
- Total Assets: $365,517
- Total Liabilities: $28,306
- Net Assets: $337,211
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRESCHOOL AND CHILD
Revenue
$504,689
Organization Details
Founding Year
1993
Principal Officer
Krissy Jorgensen
Main Address
915 W 45TH STREET, MINNEAPOLIS, MN, 554194726
Website
www.lhms.orgNTEE Category
Code: B21 - Education
If you are a representative of Lake Harriet Montessori Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.