Overview
What is Lake Mills Family Center?
Lake Mills Family Center is a nonprofit organization situated in Lake Mills, Iowa. With a workforce of 75 dedicated individuals, their primary mission is to offer affordable daycare services to local residents. Beyond childcare, they also provide a fitness facility, catering to approximately 100 children. The center plays a significant role in the community, ensuring affordable and accessible services for families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating
Lake Mills Family Center has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization's overall score is solely derived from its Accountability & Finance metrics, where it achieved a score of 67%. This rating reflects strengths in areas such as an independent board, with 100% of members being independent, and a strong program expense ratio of 100%, suggesting that all expenses are directed towards its programs.
Despite these strengths, the organization faces significant limitations in its transparency and governance policies. It has received no points for disclosing its website on tax forms, and it lacks essential policies, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These omissions can raise concerns regarding how the organization manages accountability and ethical standards.
Overall, while Lake Mills Family Center demonstrates solid financial practices and an independent governance structure, the missing policies and disclosures highlight areas for improvement that may affect its overall trust and transparency in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Mills Family Center legitimate?
Lake Mills Family Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Mills Family 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $443,969
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What is the mission statement of Lake Mills Family Center?
The Lake Mills Family Center's mission is focused on serving the local community by offering affordable daycare services and a fitness facility. This non-profit organization strives to cater to approximately 100 children, providing them with childcare and preschool services. Its primary goal is to make these essential services accessible to the community, thereby contributing to the well-being and development of its young residents.
Who is the CEO of Lake Mills Family Center?
April Smith is the Vice Preside of Lake Mills Family Center.
What is the revenue of Lake Mills Family Center?
Lake Mills Family Center's revenue in 2022 was $1,021,255.
Who are the executives of Lake Mills Family Center and what are their salaries?
The average compensation at Lake Mills Family Center during 2022 was $5,920. There are 75 employees at Lake Mills Family Center.
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Where can I find the form 990 for Lake Mills Family Center?
Lake Mills Family Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Mills Family Center
Lake Mills Family Center is committed to providing affordable daycare services and fitness facilities for the local community. Their mission is centered around making these essential resources accessible to local residents, ensuring that families in the area have support for their childcare needs and opportunities to maintain their physical well-being. The center provides childcare services, catering to approximately 100 children, offering both car and preschool programs. This nonprofit organization is dedicated to contributing positively to the lives of local families by providing affordable and reliable care options, fostering a sense of community and promoting the overall well-being of the children and their families.
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Impact
July, 2024
Lake Mills Family Center positively impacts the community by providing affordable daycare services and a fitness facility to local residents. They offer child care and preschool services for approximately 100 children, making it easier for families to access quality care for their children. The center's mission is to meet the needs of the community by offering these vital services at affordable rates, ultimately supporting working families and contributing to the well-being of the residents of Lake Mills, Iowa.
This information is meant to be a general summary of Lake Mills Family 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $95
- Program Service Revenue: $561,688
- Gross Receipts: $1,029,117
Assets and Liabilities:
- Total Assets: $898,443
- Total Liabilities: $619
- Net Assets: $897,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$465,265
MEMBERSHIPS
Revenue
$66,159
REIMBURSEMENTS-DAYCARE
Revenue
$17,061
FOOD REVENUE
Revenue
$13,203
Organization Details
Founding Year
1984
Phone
(641) 592-7549Principal Officer
April Smith
Main Address
711 HWY 69, LAKE MILLS, IA, 50450
NTEE Category
Code: P33 - Human services
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