Overview
What is The Learning Circle Inc?
The Learning Circle Inc, located in Red Wing, Minnesota, is a dedicated nonprofit organization that offers daycare and preschool services to children residing in the local area. With an average of 80 children benefiting daily from their programs, the organization's mission is to provide a nurturing environment for enrollees ranging from six weeks to eleven years old. The Learning Circle aims to foster creativity in all its attendees, ensuring a well-rounded developmental experience. The organization currently employs 24 individuals, demonstrating their commitment to offering quality services in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
The Learning Circle Inc has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. A notable weakness is the complete absence of independent board members, which raises questions about governance and oversight within the organization. Furthermore, the lack of essential financial statements and missing policies on conflict of interest, whistleblower protections, and document retention contribute to its low score.
Despite the challenges highlighted, The Learning Circle Inc demonstrates a strong commitment to its programs, as indicated by a program expense ratio of 90.27%. This suggests that a substantial portion of its resources is directed towards fulfilling its mission. However, the charity's overall financial transparency is called into question due to the absence of financial documentation on its website and the lack of accountability measures.
In summary, while The Learning Circle Inc has a strong focus on programmatic spending, its governance and transparency issues significantly hinder its overall rating. Stakeholders may want to consider these factors when assessing the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is The Learning Circle Inc legitimate?
The Learning Circle Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Learning Circle 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: $52,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $421,662
For more financial information, click here
What is the mission statement of The Learning Circle Inc?
The Learning Circle Inc's mission is centered around providing daycare and preschool services to children aged six weeks to eleven years. Their primary goal is to offer creative opportunities for all the children who attend their facilities. The organization aims to serve children residing in various areas, as demonstrated by providing daily services to an average of 80 children during the current fiscal year. In essence, The Learning Circle Inc is committed to fostering a nurturing environment that encourages creativity and learning for its young enrollees.
Who is the CEO of The Learning Circle Inc?
Beth Nurnberg is the Director of The Learning Circle Inc.
What is the revenue of The Learning Circle Inc?
The Learning Circle Inc's revenue in 2022 was $650,640.
Who are the executives of The Learning Circle Inc and what are their salaries?
The average compensation at The Learning Circle Inc during 2022 was $19,736. There are 24 employees at The Learning Circle Inc.
Here are 9 key members and their salaries:
- Compensation: $52,010
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- Other: $0
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- Other: $0
Where can I find the form 990 for The Learning Circle Inc?
The Learning Circle Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Learning Circle Inc
The Learning Circle Inc, a nonprofit organization, is committed to providing daycare and preschool services for children aged six weeks to eleven years. Their mission is to create a nurturing environment that offers numerous creative opportunities for all the children who attend their facilities. The Learning Circle Inc aims to support the growth and development of these young individuals, ensuring they have access to a well-rounded educational experience. Daily, they serve an average of 80 children in the Red Wing MN area, providing them with a safe and stimulating space for learning and exploration.
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Impact
July, 2024
The Learning Circle Inc has a significant impact on the Red Wing, MN community by providing daycare and preschool services to children aged six weeks to eleven years. By offering creative opportunities for all attending children, The Learning Circle supports early childhood development and education in the area. On average, the organization serves 80 children daily, making a meaningful difference in the lives of families and helping to ensure a strong foundation for the young learners in the community.
This information is meant to be a general summary of The Learning Circle 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 2022.
- Investment Income: $15
- Program Service Revenue: $573,160
- Gross Receipts: $650,640
Assets and Liabilities:
- Total Assets: $360,809
- Total Liabilities: $3,477
- Net Assets: $357,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE FEES
Revenue
$573,160
Organization Details
Founding Year
1992
Phone
(651) 388-8843Principal Officer
Beth Nurnberg
Main Address
615 W 5TH ST, RED WING, MN, 550662465
NTEE Category
Code: B21I - Education
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