Mile Square Early Learning Center
Nonprofit profile at a glance
- EIN
- 222221257
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Hoboken, NJ, USA
- Phone
- 2016836800
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $11,850,556
- Expenses
- $11,602,883
- Assets
- $15,694,628
- Liabilities
- $10,807,982
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- CHARLES TORTORELLA (President)
Highest reported compensation
- JUDITH BARMAK (Executive Dir.): $114,627 total reported compensation
- Graciela Garcia (Controller): $108,520 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's mission is to give each child a warm and safe environment encouraging the development of academic, emotional, social and self regulation skills, which fosters a healthy, independent and strong self image. Our teachers manifest their respect for children by encouraging children to think for themselves, make decisions, work towards their own solutions, and express their own ideas and feelings. To support successful learning, the organization encourages an active partnership between home and school. The organization's educational programs are based upon the principles of developmentally appropriate practice and encourages on-going professional development to foster continuing excellence in early childhood practice.
What it reported doing in 2024
The organization provides preschool services in the city of hoboken, nj. The organization is funded by the hoboken board of education and parent fees for wrap around services as well as for children that missed the school cutoff from 2 years or older. This program is called the preschool transition program. The hoboken early childhood program is funded partially by the New Jersey department of education through the hoboken board of education. The organization provides early education services to an estimated 645 children, 3 and 4 years of age, and their families for 180 days of the school year. These children are also eligible for our wrap services and summer enrichment programs. Of the almost 645 children, 261 (41%) are in need of extended hours provided through the wrap program. This is available on a fee for service or voucher basis according to income and family size. We also provide a summer enrichment program for about 100 of these children.the entire program provides early education and family services from 7:30am to 8:30am and 2:30pm to 6:00pm during the school year and full time during the summer months from 7:30am to 5:30pm. About 41% of the hoboken early childhood program children need this extended service. It is not open to other families unless specially approved by the executive director.nj programs for children require meal service of some kind. Recently, we switched to a choice system because many of our families wanted to provide their own food. Families can either purchase meals monthly or on an as needed basis or send food from home but they still have to provide or purchase healthy age appropriate food for their children.mile square elc does not provide grants to any other agencies.
Operating model
- Revenue model
- Grant-funded. 81% of the money available for current operations came from government grants.
- 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: 82
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.3%; rating input score 91
- Program expense ratio: 93.2%; rating input score 93
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.1%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 1.35; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.69; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: 8.7% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 25.5% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 91.3% of revenue deployed · 93.2% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $10.8M in reported program spending
- Leadership: top reported pay $115K · 11 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 43/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.