Overview
What is Madison Learning Center Inc?
Madison Learning Center Inc is a nonprofit organization situated in Madison County, Virginia, specifically at PO Box 665, with a focus on catering to the growing demand for childcare and early childhood education. Established with the aim of addressing this need in the area and its surrounding counties, the center offers a secure, closely supervised environment for children aged from four weeks to five years old. Additionally, it provides before and after care for children up to twelve years old. The institution offers age-appropriate and educational programs in each classroom, ensuring a holistic development of the children. Furthermore, it houses a USDA-approved program for lunch and snacks, ensuring the children receive nutritious meals. With a dedicated workforce of 26 employees, Madison Learning Center Inc is committed to providing a nurturing and enriching environment for young learners.
Official website here: www.madisonlearningcenterchildcare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Madison Learning Center Inc has achieved an 81% rating, earning a Three-Star designation primarily due to its strong performance in Accountability & Finance. This score reflects the charity's commitment to transparency and responsible financial practices, ensuring that funds are effectively managed and utilized for its intended purpose. The organization has demonstrated a solid structure with an entirely independent board, which enhances its governance and oversight.
The charity's Accountability & Finance score is bolstered by several key strengths, including a high program expense ratio of 82.71%, indicating that a significant portion of its expenditures directly supports its mission-driven programs. Additionally, Madison Learning Center has implemented policies regarding conflicts of interest, whistleblower protections, and document retention, which are all essential for maintaining trust and integrity in its operations. The organization also shows no material diversion of assets, further validating its accountability.
However, while the rating reflects a robust financial framework, prospective donors and volunteers may want to explore the organization's specific programs and outcomes, as these aspects are not detailed in the current rating summary. Overall, Madison Learning Center Inc appears to be a well-managed nonprofit with a strong emphasis on financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Learning Center Inc legitimate?
Madison Learning Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison 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: $40,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,298
For more financial information, click here
Official website here: www.madisonlearningcenterchildcare.org
What is the mission statement of Madison Learning Center Inc?
The Madison Learning Center Inc was established to address the increasing demand for childcare and early childhood education in its surrounding areas. Its mission is to provide a secure and closely supervised environment for children aged from four weeks to five years old, as well as before and after school care for children up to twelve years old. The center offers age-appropriate and educational programs in each classroom, ensuring the holistic development of each child. Additionally, it follows a USDA-approved program for lunch and snacks, ensuring nutritional needs are met.
Official website here: www.madisonlearningcenterchildcare.org
Who is the CEO of Madison Learning Center Inc?
Frances K Lacy is the Chairperson of Madison Learning Center Inc.
Official website here: www.madisonlearningcenterchildcare.org
What is the revenue of Madison Learning Center Inc?
Madison Learning Center Inc's revenue in 2022 was $688,012.
Official website here: www.madisonlearningcenterchildcare.org
Who are the executives of Madison Learning Center Inc and what are their salaries?
The average compensation at Madison Learning Center Inc during 2022 was $15,474. There are 26 employees at Madison Learning Center Inc.
Here are 8 key members and their salaries:
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- Compensation: $40,023
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Official website here: www.madisonlearningcenterchildcare.org
Where can I find the form 990 for Madison Learning Center Inc?
Madison Learning Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madisonlearningcenterchildcare.org
Learn more at the official website: www.madisonlearningcenterchildcare.org
Mission Statement of Madison Learning Center Inc
Madison Learning Center Inc was established to address the growing demand for childcare and early childhood education in Madison County, Virginia, and its surrounding areas. Its mission is to provide a secure and closely monitored environment for children ranging from four weeks old to five years old, as well as before and after school care for children up to twelve years old. The center offers age-appropriate and educational programs in each classroom, ensuring a well-rounded development for the children. Additionally, it operates a USDA-approved program for nutritious meals, ensuring the children's dietary needs are met. In essence, Madison Learning Center Inc is committed to nurturing and educating young minds, providing them with a solid foundation for their future.
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Impact
July, 2024
Madison Learning Center Inc plays a pivotal role in addressing the growing need for childcare and early childhood education in Madison County, Virginia, and the surrounding areas. By providing a safe and closely supervised environment for children aged four weeks to five years old, as well as before and after care for children up to age twelve, the center ensures that families have access to essential care services. Additionally, through its age-appropriate and educational programs, along with a USDA-approved food program, Madison Learning Center fosters the development and well-being of the children under its care. Its commitment to offering high-quality childcare and education services contributes significantly to the community's support for families and children's overall welfare in the region.
This information is meant to be a general summary of Madison 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 2022.
- Program Service Revenue: $343,443
- Gross Receipts: $688,012
Assets and Liabilities:
- Total Assets: $986,475
- Total Liabilities: $9,748
- Net Assets: $976,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$343,443
Organization Details
Founding Year
2019
Phone
(540) 738-2617Principal Officer
Frances K Lacy
Main Address
PO BOX 665, MADISON, VA, 22727
NTEE Category
Code: P33 - Human services
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