Overview
What is Claras Little Lambs Preschool?
Claras Little Lambs Preschool is a nonprofit organization situated in New Orleans, Louisiana. Its primary mission is to uplift underprivileged youth by providing them with enriching educational experiences and everyday opportunities. Through its activities, the preschool aims to positively impact the lives of these children, ultimately fostering their growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Clara's Little Lambs Preschool has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has demonstrated a solid commitment to transparency, as evidenced by its documentation of board meeting minutes and a lack of material diversion of assets. Additionally, it features a majority of independent board members, which is a positive aspect of its governance structure.
Financial metrics reveal a healthy program expense ratio of approximately 69.76%, suggesting that a significant portion of resources is allocated directly to programs rather than administrative costs. The liabilities to assets ratio is notably low at 0.95%, indicating strong financial stability. These factors contribute positively to the organization's operational effectiveness and sustainability.
However, the overall score of 67% suggests areas for improvement. While the organization is performing well in certain aspects of governance and finance, it may need to enhance its accountability practices further to achieve a higher rating. Addressing these aspects could bolster investor confidence and foster greater support for its mission and programs.
This AI summary has been generated from information found on Charity Navigator.
Is Claras Little Lambs Preschool legitimate?
Claras Little Lambs Preschool is a legitimate nonprofit organization registered as a 501(c)(3) entity. Claras Little Lambs Preschool 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: $394,034
Professional Fundraising Fees: $0
Other Salaries and Wages: $684,391
For more financial information, click here
What is the mission statement of Claras Little Lambs Preschool?
Claras Little Lambs Preschool aims to educate underprivileged youth and enhance their lives by providing them with enriching educational and daily experiences. The preschool's mission is to positively impact these children, offering them a broad spectrum of learning opportunities and daily experiences. By exposing them to these experiences, the preschool seeks to contribute to their overall development and well-being.
Who is the CEO of Claras Little Lambs Preschool?
Clara Washington is the President of Claras Little Lambs Preschool.
What is the revenue of Claras Little Lambs Preschool?
Claras Little Lambs Preschool's revenue in 2022 was $2,421,605.
Who are the executives of Claras Little Lambs Preschool and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Claras Little Lambs Preschool?
Claras Little Lambs Preschool's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Claras Little Lambs Preschool
Claras Little Lambs Preschool, a nonprofit organization, is dedicated to educating underprivileged youth. Their mission is to enhance the lives of these children by introducing them to a wealth of enriching educational and everyday experiences. By doing so, they aim to positively impact these young lives, thereby equipping them with the necessary tools for a brighter future.
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Impact
July, 2024
Claras Little Lambs Preschool positively impacts underprivileged youth in New Orleans, LA by providing them with enriching educational and everyday experiences. Through its mission to educate and support these children, Claras Little Lambs Preschool plays a vital role in improving the lives of underprivileged youth in the community.
This information is meant to be a general summary of Claras Little Lambs Preschool. 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: $28,501
- Program Service Revenue: $2,345,103
- Gross Receipts: $2,421,605
Assets and Liabilities:
- Total Assets: $2,611,622
- Total Liabilities: $24,836
- Net Assets: $2,586,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$2,345,103
Organization Details
Founding Year
1995
Phone
(504) 362-9073Principal Officer
Clara Washington
Main Address
1871 FARRAGUT STREET, NEW ORLEANS, LA, 70114
NTEE Category
Code: P33Z - Human services
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