The Main Discovery Inc

Nonprofit profile at a glance

EIN
461361503
IRS 990 coverage
2014–2014
Forms available
Form 990 2014
Location
Hillsboro, ND, USA
Phone
2187913652
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Reported finances

Revenue
$423,434
Expenses
$294,698
Assets
$152,952
Liabilities
$5,938

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • TERAN HARMON (PRESIDENT)
  • JUSTIN GRINDE (TREASURER, VICE-PRESIDENT)
  • JERRY HARMON (VICE-PRESIDENT - FORMER)

People named in this filing

  • TERAN HARMON (PRESIDENT)
  • JUSTIN GRINDE (TREASURER, VICE-PRESIDENT)
  • TERESA MILLER (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 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The main discovery provides a warm, high-energy environment where children are exposed to stimulating activities encouraging social interaction, brain development, and emotional, physical, and intellectual growth.

What it reported doing in 2014

The main discovery is a creative education center for children of all ages. This new child care center located at 1 1st ave sw in downtown hillsboro (formerly the paddlewheel restaurant) is newly remodeled to fit young children. The new facility includes new windows low enough for small children to see the birds and trains, small tables and chairs, small toilets and sinks perfect for small bodies, a new playground complete with flower boxes, garden, sand box, playground, and fresh air! The older children, ages 3+ and the before and after school program and summer camp will also run out of the main discovery. This facility is perfect for the older kids as it is close to the softball diamonds, downtown walking sidewalks, and offers transportation to swimming and the park. The school bus will pick up the school age children and bring them to the school for breakfast and will return them after school for a snack. The hours of operation are from 6:30am to 6pm. This is great for commuters and shift workers!

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 51
  • Sustainability: 63
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.6%; rating input score 70
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 77.8%; rating input score 78; 19th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • 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: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 30.4%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 73; 73rd percentile among comparable filings

Growth

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

Details

  • Where the money goes: 69.6% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 9 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $295K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • 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.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.