Overview
What is Lollypop Learning Center Inc?
Lollypop Learning Center Inc, located at 3030 Lamar Avenue, Paris, Texas 75460, is a dedicated nonprofit organization focusing on providing high-quality child care services. Their primary mission is to support working parents by offering a child care facility that caters to all children. With a workforce of 27 individuals, they strive to ensure that children receive the best care while their parents can maintain employment. The center operates with the goal of creating a nurturing environment that fosters the overall growth and development of each child in their care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
Lollypop Learning Center Inc has received a low rating of 52%, which reflects significant concerns regarding its accountability and financial management. This score is derived entirely from the Accountability & Finance beacon, indicating that there are critical areas where the organization has not met best practices. The charity's board shows a lack of independence, with only 33% independent members, contributing to a diminished accountability score.
The organization does demonstrate some strengths, such as maintaining a favorable program expense ratio of 80.70%, which suggests that a substantial portion of its resources is dedicated to its mission-related activities. Furthermore, it has reported no material diversion of assets, indicating a level of financial integrity. However, the absence of critical governance documents like financial statements, conflict of interest policies, and a whistleblower policy raises serious red flags about its operational transparency.
In summary, while Lollypop Learning Center Inc allocates a majority of its expenses toward programs, the overall lack of independent oversight and missing governance protocols significantly undermine its accountability. Prospective donors should be cautious and consider these factors when evaluating the organization's trustworthiness and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lollypop Learning Center Inc legitimate?
Lollypop Learning Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lollypop Learning Center 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: $188,059
Professional Fundraising Fees: $0
Other Salaries and Wages: $484,700
For more financial information, click here
What is the mission statement of Lollypop Learning Center Inc?
Lollypop Learning Center Inc is committed to operating a child care facility with the primary objective of providing high-quality care to all children. This allows their parents to pursue gainful employment. The center's mission is centered around ensuring the well-being and development of the children under its care, thus contributing positively to their overall growth and development. The center's operations are geared towards fostering an environment that promotes learning and development, enabling children to reach their full potential. By providing reliable child care services, the center enables working parents to maintain their employment, thereby contributing to their financial stability and the overall socio-economic growth of the community.
What is the revenue of Lollypop Learning Center Inc?
Lollypop Learning Center Inc's revenue in 2023 was $2,278,955.
Who are the executives of Lollypop Learning Center Inc and what are their salaries?
The average compensation at Lollypop Learning Center Inc during 2023 was $18,688. There are 36 employees at Lollypop Learning Center Inc.
Here are 2 key members and their salaries:
- Compensation: $42,108
- Related: $0
- Other: $0
- Compensation: $23,271
- Related: $0
- Other: $0
Where can I find the form 990 for Lollypop Learning Center Inc?
Lollypop Learning Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lollypop Learning Center Inc
Lollypop Learning Center Inc is dedicated to providing high-quality childcare services. Their mission is geared towards enabling parents to secure gainful employment by offering reliable and nurturing care for their children. By operating as a childcare facility, Lollypop Learning Center Inc seeks to ensure that both parents and children benefit from this arrangement, with the children gaining a safe and stimulating environment, and the parents having the opportunity to contribute to their families' financial well-being. This mission is essential in promoting the overall development and well-being of children, allowing their parents to maintain a steady income and provide for their family's needs.
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Impact
July, 2024
Lollypop Learning Center Inc's impact is crucial in providing quality child care services to all children in the Paris, TX area. By doing so, the center enables parents to pursue gainful employment, contributing to the economic well-being of families in the community. This initiative not only supports working parents but also nurtures the development and well-being of children, ensuring they receive proper care and education while their parents are at work. Lollypop Learning Center Inc's dedication to offering accessible and high-quality child care services makes a positive impact on both the children and families it serves, ultimately strengthening the local community.
This information is meant to be a general summary of Lollypop Learning Center 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 2023.
- Investment Income: $954
- Program Service Revenue: $709,572
- Gross Receipts: $2,712,547
Assets and Liabilities:
- Total Assets: $627,098
- Total Liabilities: $158,053
- Net Assets: $469,045
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Manual Deposits
Revenue
$384,278
PayPal Income
Revenue
$1,055
Tuition Express Income
Revenue
$116,066
TX Agriculture Income
Revenue
$208,173
Organization Details
Founding Year
1991
Principal Officer
Derald Powell
NTEE Category
Code: P330 - Human services
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