Loyola Early Learning Center Inc

Nonprofit profile at a glance

EIN
813725495
IRS 990 coverage
2016–2016
Forms available
Form 990 2016
Location
Baltimore, MD, USA
Rating
33
Verdict
REVIEW
Rating confidence
Limited
Affiliation
Christianity

Reported finances

Revenue
$863,166
Expenses
$0
Assets
$863,166
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Rev William J Watters SJ (President)
  • John J Cameron (Vice President)

People named in this filing

  • Rev William J Watters SJ (President)
  • John J Cameron (Vice President)
  • Beverly A Cooper (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Loyola Early Learning Center is a parish preschool daycare center and early childhood education program, rooted in a Catholic Jesuit tradition of personal care, learning and spiritual growth, which serves early childhood boys and girls from all income levels the year round. This high quality preschool learning center provides long term benefits for a diverse group of two to five year old children from the City of Baltimore. The Learning Center focuses on the holistic development of children------ physical, emotional, cognitive, creative, social, behavioral and spiritual. The majority of the students are from low income families. Scholarships are available for children from such families.

What it reported doing in 2016

LELC will open on September 10th to provide preschool children from low income families in Baltimore City with a high quality early education program that will greatly increase their potential for future academic success. Eleven Founders have provided funds for both school renovations and operating expenses. Construction work on the site is fully underway. A full time director and executive assistant have been hired. We are preparing to hire our first teachers and teachers aids. Several families have already applied for admission of their children. Many generous donors have agreed to sponsor a student through the three year program so that our students from low income families will have a scholarship sponsor.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Accountability: 12
  • Sustainability: 11
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 0 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.