The Childrens Place

Rochester, MNUnknown exempt organizationEIN 41-0988136

Operate a facility providing constructive and educational activities for preschool and kindergarten children

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $44K a year · 35% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
-0% of total assets
Looks good: liabilities are -0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$152K
+14% vs prior year
Spent
$176K
To programs
100%
Net assets
−$71K
By yearFY2021–FY2023
Revenue
$152K
FY2023▲ +14%
Revenue by fiscal year
FY2021$90K
FY2022$133K
FY2023$152K
Expenses
$176K
FY2023▼ -5%
Expenses by fiscal year
FY2021$145K
FY2022$185K
FY2023$176K
Net assets
−$71K
FY2023▲ +31%
Net assets by fiscal year
FY2021−$8K
FY2022−$102K
FY2023−$71K

From the FY2023 Form 990 (year ending June 2023) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $176K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Center Manager
$0Pt VII · Sec A
Authorized Agent
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Childrens Place executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides constructive and educational activities for preschool and kindergarten children.

Provided by the organization

This section is blank until The Childrens Place claims this page.

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1 program service account for $176K of program spending, described in the organization's own filed words · FY2022.
01

Operate a facility providing constructive, educational activities for preschool and kindergarten children.

$176Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$152K
Ln 12
Fees for servicesLn 2g$116K
Gifts and grantsLn 1h$36K
Money outPt IX
$176K
Ln 25
Programscol B$176K
Owns and owesPt X
−$71K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16−$71K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Government grantsLn 1e$34K
Fundraising eventsLn 1c$1K
Fees for servicesLn 2g$116K
Total revenueLn 12$152K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$43K
Total assetsLn 16−$71K
LiabilitiesLn 26$0
Net assetsLn 32−$71K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$5K
Land, buildings, equipmentLn 10c$43K$43K
Total assetsLn 16−$102K−$71K
LiabilitiesLn 26$0$0
Net assetsLn 32−$102K−$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$95K$95K
Payroll taxesLn 10$8K$8K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$846$846
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$64K$64K
Other expenses (24a–d)Ln 24$729$729
Total functional expensesLn 25$176K$176K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $152K$176K−$24K−$71K 990 PDF
FY2022 $133K$185K−$51K−$102K 990 PDF
FY2021 $90K$145K−$55K−$8K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $151,928 across 5 lines filed
VIII-1c Fundraising events$1,259
VIII-1e Government grants$34,388
VIII-1h Total contributions, gifts and grants$35,647
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $116,281$116,281
VIII-12 Total revenueRelated to mission $116,281 · Unrelated business $0 · Excluded from tax $0$151,928
Part IX · Statement of functional expenses $176,011 across 7 lines filed
IX-7 Other salaries and wagesPrograms $95,268$95,268
IX-10 Payroll taxesPrograms $7,721$7,721
IX-11c Accounting feesPrograms $2,054$2,054
IX-11g Other fees for servicesPrograms $846$846
IX-12 Advertising and promotionPrograms $5,660$5,660
IX-13 Office expensesPrograms $63,733$63,733
IX-24 Other expenses (24a–d)Programs $729$729
IX-25 Total functional expensesPrograms $176,011 · Management $0 · Fundraising $0$176,011
Part X · Balance sheet −$70,842 assets, 9 lines filed
X-1 Cash, non-interest-bearing$5,457
X-3 Pledges and grants receivableStart of year −$150,701−$124,523
X-9 Prepaid expenses and deferred chargesStart of year $5,340$5,340
X-10c Land, buildings and equipment, netStart of year $42,884$42,884
X-16 Total assetsStart of year −$102,477−$70,842
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year −$102,477−$70,842
X-32 Total net assets or fund balancesStart of year −$102,477−$70,842
X-33 Total liabilities and net assetsStart of year −$102,477−$70,842
Part XI · Reconciliation of net assets −$70,842 net assets at year end
XI-1 Total revenue$151,928
XI-2 Total expenses$176,011
XI-3 Revenue less expenses−$24,083
XI-4 Net assets at start of year−$102,477
XI-9 Other changes in net assets$55,718
XI-10 Net assets at end of year−$70,842

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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