Caring Place INC FY2021 filing

Forest Lake, MNUnknown exempt organizationEIN 41-1382071Revenue $350K in FY2021

On file with the IRS932 2nd St Nw · Forest Lake, MN

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Licensed childcare center providing an educational environment of love and approval for children 16 months to 12 years of age.

100¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $3K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$350K
-7% vs prior year
Spent
$346K
To programs
100%
Net assets
$25K
By yearFY2020–FY2024
Revenue
$350K
FY2021▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$374K
FY2021$350K
FY2022$284K
FY2023$292K
FY2024$105K
Expenses
$346K
FY2021▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$369K
FY2021$346K
FY2022$289K
FY2023$292K
FY2024$125K
Net assets
$25K
FY2021▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$22K
FY2021$25K
FY2022$20K
FY2023$20K
FY2024$0

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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% · $346K

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

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Who runs it and what they're paid

2 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
$89,700Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Allison Donnelly$37,950$89,700$86,250$89,700$89,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides licensed, loving childcare and education for children aged 16 months to 12 years.

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Provided by the organization

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1 program · $346K · in their own filed words · FY2021
01

Educational environment of love and approval provided in childcare service for families Monday -Friday 6am-6pm. All revenue is tuition fees paid, MN DHS Child Care Stabilization Grant, and MDHS COVID-19 Public Health Support Funds for Child Care. All expenses are operating expenses of school daily.

$346Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$350K
Ln 12
Fees for servicesLn 2g$303K
Gifts and grantsLn 1h$46K
Money outPt IX
$346K
Ln 25
Programscol B$346K
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$36K
LiabilitiesLn 26$11K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Government grantsLn 1e$46K
Noncash giftsLn 1g$9
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$303K
Gains on assetsLn 7$0
Total revenueLn 12$350K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$0
Cash and savings togetherLn 1–2$25K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$36K
LiabilitiesLn 26$11K
Net assetsLn 32$25K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$22K$25K
InvestmentsLn 11–13$0$0
Total assetsLn 16$32K$36K
LiabilitiesLn 26$10K$11K
Net assetsLn 32$22K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$90K$90K
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$118K$118K
Pension plan contributionsLn 8$0$0
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$16K$16K
Management feesLn 11a$0$0
Legal feesLn 11b$0$0
Accounting feesLn 11c$955$955
Lobbying feesLn 11d$0$0
Investment management feesLn 11f$0$0
Other fees for servicesLn 11g$0$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$5K$5K
Information technologyLn 14$0$0
RoyaltiesLn 15$0$0
OccupancyLn 16$57K$57K
TravelLn 17$0$0
Travel and entertainment for public officialsLn 18$0$0
Conferences, conventions and meetingsLn 19$0$0
InterestLn 20$0$0
Payments to affiliatesLn 21$0$0
Depreciation, depletion and amortizationLn 22$0$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$50K$50K$0$0
Total functional expensesLn 25$346K$346K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $105K$125K−$20K$0 990 PDF
FY2023 $292K$292K$312$20K 990 PDF
FY2022 $284K$289K−$5K$20K 990 PDF
FY2021 Viewing $350K$346K$3K$25K 990 PDF
FY2020 $374K$369K$5K$22K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $349,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,454$46,482
I-9 Program service revenuePrior year $315,893$303,078
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $374,347$349,560
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $253,400$230,077
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $115,590$116,221
I-18 Total expensesPrior year $368,990$346,298
I-19 Revenue less expensesPrior year $5,357$3,262
Part VI · Governance 0 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $349,560 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$46,482
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$9
VIII-1h Total contributions, gifts and grants$46,482
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $303,078 · Unrelated business $0 · Excluded from tax $0$303,078
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $303,078 · Unrelated business $0 · Excluded from tax $0$349,560
Part IX · Statement of functional expenses $346,298 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $89,700$89,700
IX-6 Pay of disqualified personsPrograms $0$0
IX-7 Other salaries and wagesPrograms $117,805$117,805
IX-8 Pension plan contributionsPrograms $0$0
IX-9 Other employee benefitsPrograms $6,698$6,698
IX-10 Payroll taxesPrograms $15,874$15,874
IX-11a Management feesPrograms $0$0
IX-11b Legal feesPrograms $0$0
IX-11c Accounting feesPrograms $955$955
IX-11d Lobbying feesPrograms $0$0
IX-11f Investment management feesPrograms $0$0
IX-11g Other fees for servicesPrograms $0$0
IX-12 Advertising and promotionPrograms $1,070$1,070
IX-13 Office expensesPrograms $4,564$4,564
IX-14 Information technologyPrograms $0$0
IX-15 RoyaltiesPrograms $0$0
IX-16 OccupancyPrograms $57,006$57,006
IX-17 TravelPrograms $0$0
IX-18 Travel and entertainment for public officialsPrograms $0$0
IX-19 Conferences, conventions and meetingsPrograms $0$0
IX-20 InterestPrograms $0$0
IX-21 Payments to affiliatesPrograms $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0$0
IX-23 InsurancePrograms $2,337$2,337
IX-24 Other expenses (24a–d)Programs $50,289 · Management $0 · Fundraising $0$50,289
IX-25 Total functional expensesPrograms $346,298 · Management $0 · Fundraising $0$346,298
Part X · Balance sheet $35,715 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $21,875$25,137
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $6,717$7,528
X-8 Inventories for sale or useStart of year $3,011$3,050
X-9 Prepaid expenses and deferred charges$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $31,603$35,715
X-17 Accounts payable and accrued expensesStart of year $9,728$10,578
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $9,728$10,578
X-32 Total net assets or fund balancesStart of year $21,875$25,137
X-33 Total liabilities and net assetsStart of year $31,603$35,715
Part XI · Reconciliation of net assets $25,137 net assets at year end
XI-1 Total revenue$349,560
XI-2 Total expenses$346,298
XI-3 Revenue less expenses$3,262
XI-4 Net assets at start of year$21,875
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,137

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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