Lagoon Play Group Inc
Nonprofit profile at a glance
- EIN
- 952051533
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Long Beach, CA, USA
- Phone
- 5624981663
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $132,933
- Expenses
- $130,829
- Assets
- $91,810
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- VANEETA SPITZER-WILLIAMS (PRESIDENT)
People named in this filing
- VANEETA SPITZER-WILLIAMS (PRESIDENT)
- MICHELLE HURLEY (SECRETARY)
- COURTNEY MASSIE (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The lagoon playgroup is a parent participation preschool that emphasizes being a cooperative for the enrichment of developmental and social needs of our young children. Our goal is to support the upward movement of the child as an independent learner. We believe that problem-solving skills are more important than mere content mastery. Our main goal is for the children to become problem solvers. And we believe the best way for children to accomplish this is through play.
What it reported doing in 2024
Our childrens play is supported by a play-based curriculum and a daily routine/schedule. Our activities provide developmentally appropriate learning experiences that are not only age appropriate, but also individually appropriate. We offer varied school experiences such as large and small motor development, creative art, music, dramatic play, science, cooking/nutrition and field trips into the community. The children also learn by observing what happens when they interact with various materials, their fellow classmates, and with the caring staff (the parents) and the teacher/director. Because parents participate/work on a rotating basis at school, children learn to accept and trust other adults. We seek to ensure that the first school experience is positive and rewarding not only for the child, but for the parents as well.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.2%; rating input score 96
- Program expense ratio: 97.8%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.6%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.7; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 8.9% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 17.2% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 96.2% of revenue deployed · 97.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $128K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 39/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.