Overview
What is Magical Beginnings Early Childhood Center?
Magical Beginnings Early Childhood Center is a nonprofit organization located at 701 EAST MARION ST, CORYDON, IA, 50060. The center offers early childhood education services year-round, catering to infants and children up to 12 years old. The organization firmly believes in the significant role of families in a child's development and encourages their active involvement in the learning process. Magical Beginnings' program is designed to foster the growth and learning of each child, emphasizing social, emotional, physical, and creative development. Individuality is encouraged, and learning is made engaging and exciting. The center employs a team of 28 dedicated professionals to ensure the children receive the best care and education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Magical Beginnings Early Childhood Center has been rated with a 73% overall score, resulting in a Two-Star rating. This score reflects the organization's performance in accountability and finance, indicating that while certain aspects are strong, there are significant areas requiring improvement. The organization boasts a fully independent board, high scores for asset management, and effective governance practices in terms of documenting board meeting minutes.
However, the rating also highlights several limitations, particularly regarding transparency and policy documentation. The absence of essential policies, such as a conflict of interest policy and a whistleblower policy, suggests that the organization may need to enhance its governance framework. Additionally, the lack of a website listed on its tax form and other documentation issues indicates that there is room for improvement in terms of public accessibility and information dissemination.
This AI summary has been generated from information found on Charity Navigator.
Is Magical Beginnings Early Childhood Center legitimate?
Magical Beginnings Early Childhood Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magical Beginnings Early Childhood 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: $304,401
For more financial information, click here
What is the mission statement of Magical Beginnings Early Childhood Center?
Magical Beginnings Early Childhood Center's mission is centered around fostering the overall development of every child. Their educational approach emphasizes various aspects, including social, emotional, physical, and creative growth, to stimulate learning in an engaging manner. The center strongly encourages individuality and values it as a key component of the learning process. The center operates year-round, from 6:30 AM to 5:30 PM, catering to infants up to 12-year-olds. Recognizing the importance of family involvement, the center encourages active participation of families in their children's learning journey.
Who is the CEO of Magical Beginnings Early Childhood Center?
Ron Redmon is the Officer of Magical Beginnings Early Childhood Center.
What is the revenue of Magical Beginnings Early Childhood Center?
Magical Beginnings Early Childhood Center's revenue in 2022 was $547,926.
Who are the executives of Magical Beginnings Early Childhood Center and what are their salaries?
The average compensation at Magical Beginnings Early Childhood Center during 2022 was $10,871. There are 28 employees at Magical Beginnings Early Childhood Center.
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Where can I find the form 990 for Magical Beginnings Early Childhood Center?
Magical Beginnings Early Childhood Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Magical Beginnings Early Childhood Center
Magical Beginnings Early Childhood Center is committed to enhancing the learning and growth of every child. Their educational approach emphasizes all aspects of development, including social, emotional, physical, and creativity, to foster an exciting learning environment. The center strongly encourages individuality, recognizing the unique qualities of each child. The mission of Magical Beginnings Early Childhood Center is to provide a year-round early education program, open from 6:30 AM to 5:30 PM, catering to infants up to 12-year-olds. They believe in the significance of family involvement in a child's learning process and actively encourage family participation.
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Impact
July, 2024
Magical Beginnings Early Childhood Center's impact is significant in providing a nurturing and stimulating environment for children's development. Their focus on enhancing all aspects of a child's growth - social, emotional, physical, and creativity - helps children learn in an exciting and enriching manner. By emphasizing individuality and encouraging active family involvement in the learning process, Magical Beginnings Early Childhood Center plays a vital role in shaping the future generation. Through their year-round program catering to children from infancy to 12 years old, they serve as a cornerstone for families in Corydon, IA, supporting and influencing children's growth and education positively.
This information is meant to be a general summary of Magical Beginnings Early Childhood 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: $78
- Program Service Revenue: $263,060
- Gross Receipts: $554,718
Assets and Liabilities:
- Total Assets: $328,669
- Total Liabilities: $2,903
- Net Assets: $325,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE
Revenue
$260,900
ENROLLMENT FEES
Revenue
$1,683
FIELD TRIPS
Revenue
$219
MISCELLANEOUS INCOME
Revenue
$218
DONATION
Revenue
$40
Organization Details
Founding Year
1995
Phone
(641) 872-1445Principal Officer
Ron Redmon
Main Address
701 EAST MARION ST, CORYDON, IA, 50060
NTEE Category
Code: P33 - Human services
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