Overview
What is Mainspring Schools Inc?
Mainspring Schools Inc, based in Austin, Texas, is a nonprofit organization situated at 1100 West Live Oak Street. Their primary mission is to offer child care services to families with low income, ensuring they can provide their children with essential care when they might not otherwise be able to afford it. With a dedicated workforce of 55 individuals, Mainspring Schools Inc plays a vital role in supporting the local community, providing a necessary service to those in need.
Official website here: www.mainspringschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Mainspring Schools Inc has received a Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance, with a score of 96%. The organization demonstrates exceptional governance with a fully independent board and robust financial oversight, ensuring transparency and ethical management of resources. Their financial health is evident through a low liabilities-to-assets ratio and a substantial program expense ratio, indicating a commitment to channeling funds into their educational programs.
User feedback highlights Mainspring's exemplary early childhood education services that foster creativity and growth in children. A board member noted the organization’s impact on families, emphasizing the caring environment it provides which caters to the individual needs of children. The organization is recognized for its dedication to supporting vulnerable communities, further enhancing its reputation as a valuable resource for families.
Despite the strong ratings and positive reviews, it is essential to continually monitor the organization’s adaptability and responsiveness to community needs, especially as circumstances evolve. However, the reported commitment to leadership development and community-centric support, particularly during challenging times like the COVID-19 pandemic, illustrates Mainspring's capacity to effectively meet the needs of the families it serves.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Mainspring Schools Inc legitimate?
Mainspring Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mainspring Schools 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: $111,092
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,410,170
For more financial information, click here
Official website here: www.mainspringschools.org
What is the mission statement of Mainspring Schools Inc?
Mainspring Schools Inc is committed to providing child care services for families with limited income. Their mission, as stated, is to offer these services to ensure the well-being and development of children from such families. By doing so, Mainspring Schools Inc plays a significant role in supporting these families, enabling them to focus on other aspects of their lives. The organization's activities are centered around providing a safe and nurturing environment for these children, fostering their growth and learning. The services offered by Mainspring Schools Inc are designed to promote the overall well-being of these children, contributing positively to their future prospects.
Official website here: www.mainspringschools.org
Who is the CEO of Mainspring Schools Inc?
Katie Felice is the Chair of Mainspring Schools Inc.
Official website here: www.mainspringschools.org
What is the revenue of Mainspring Schools Inc?
Mainspring Schools Inc's revenue in 2022 was $2,435,201.
Official website here: www.mainspringschools.org
Who are the executives of Mainspring Schools Inc and what are their salaries?
The average compensation at Mainspring Schools Inc during 2022 was $27,659. There are 55 employees and 50 volunteers at Mainspring Schools Inc.
Here are 24 key members and their salaries:
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- Compensation: $105,096
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- Other: $5,995
Official website here: www.mainspringschools.org
Where can I find the form 990 for Mainspring Schools Inc?
Mainspring Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainspringschools.org
Learn more at the official website: www.mainspringschools.org
Mission Statement of Mainspring Schools Inc
Mainspring Schools Inc, as stated in its mission, is dedicated to providing essential child care services to families who fall under the low-income bracket. By offering these services, the organization aims to cater to the needs of children, thereby contributing positively to their upbringing. Mainspring Schools Inc believes in the significance of early childhood education and care, recognizing its potential to shape a child's development and future prospects. The nonprofit organization's mission is to provide a nurturing environment for these children, ensuring they receive the necessary support and guidance during their formative years.
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Impact
July, 2024
Mainspring Schools Inc's impact lies in providing essential child care services to children from low-income families in Austin, Texas. By offering a safe and nurturing environment, Mainspring Schools plays a vital role in supporting these families who may not have access to affordable child care options. Through their mission to provide child care services to low-income families, Mainspring Schools positively impacts the lives of children by giving them a solid educational foundation and allowing their parents to work or pursue other opportunities knowing their children are in good hands.
This information is meant to be a general summary of Mainspring Schools 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: $30,025
- Program Service Revenue: $1,376,387
- Gross Receipts: $3,017,337
Assets and Liabilities:
- Total Assets: $2,188,108
- Total Liabilities: $149,064
- Net Assets: $2,039,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEES
Revenue
$1,376,387
Organization Details
Founding Year
1948
Phone
(512) 442-2301Principal Officer
Katie Felice
Main Address
1100 WEST LIVE OAK STREET, AUSTIN, TX, 78704
Website
www.mainspringschools.orgNTEE Category
Code: B21Z - Education
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