Caring Place INC FY2022 filing

Forest Lake, MNUnknown exempt organizationEIN 41-1382071Revenue $284K in FY2022

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.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
$86K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
22% of total assets
Looks good: liabilities are 22% 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
$284K
-19% vs prior year
Spent
$289K
To programs
100%
Net assets
$20K
By yearFY2020–FY2024
Revenue
$284K
FY2022▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$374K
FY2021$350K
FY2022$284K
FY2023$292K
FY2024$105K
Expenses
$289K
FY2022▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$369K
FY2021$346K
FY2022$289K
FY2023$292K
FY2024$125K
Net assets
$20K
FY2022▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$22K
FY2021$25K
FY2022$20K
FY2023$20K
FY2024$0

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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% · $289K

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; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation
$86,250Pt 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 · $289K · in their own filed words · FY2022
01

Educational environment of love and approval provided in childcare service for families Monday -Friday 6am-6pm. All revenue is tuition fees paid. All expenses are operating expenses of school daily.

$289Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$284K
Ln 12
Fees for servicesLn 2g$284K
Money outPt IX
$289K
Ln 25
Programscol B$289K
Owns and owesPt X
$20K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$26K
LiabilitiesLn 26$6K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$284K
Total revenueLn 12$284K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$0
Cash and savings togetherLn 1–2$20K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$26K
LiabilitiesLn 26$6K
Net assetsLn 32$20K
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 FY22End FY22
Cash and savingsLn 1–2$25K$20K
InvestmentsLn 11–13$0$0
Total assetsLn 16$36K$26K
LiabilitiesLn 26$11K$6K
Net assetsLn 32$25K$20K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$86K$86K
Other salaries and wagesLn 7$96K$96K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$14K$14K
Legal feesLn 11b$235$235
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$200$200
Office expensesLn 13$4K$4K
OccupancyLn 16$53K$53K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$25K$25K$0$0
Total functional expensesLn 25$289K$289K$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 Viewing $284K$289K−$5K$20K 990 PDF
FY2021 $350K$346K$3K$25K 990 PDF
FY2020 $374K$369K$5K$22K 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 FY2022 990 (6 parts)
Part I · Summary $284,468 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $46,482$0
I-9 Program service revenuePrior year $303,078$284,468
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $349,560$284,468
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 $230,077$202,910
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $116,221$86,588
I-18 Total expensesPrior year $346,298$289,498
I-19 Revenue less expensesPrior year $3,262−$5,030
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 $284,468 across 10 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$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $284,468 · Unrelated business $0 · Excluded from tax $0$284,468
VIII-12 Total revenueRelated to mission $284,468 · Unrelated business $0 · Excluded from tax $0$284,468
Part IX · Statement of functional expenses $289,498 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $86,250$86,250
IX-7 Other salaries and wagesPrograms $96,060$96,060
IX-9 Other employee benefitsPrograms $6,653$6,653
IX-10 Payroll taxesPrograms $13,947$13,947
IX-11b Legal feesPrograms $235$235
IX-11c Accounting feesPrograms $1,096$1,096
IX-12 Advertising and promotionPrograms $200$200
IX-13 Office expensesPrograms $3,841$3,841
IX-16 OccupancyPrograms $53,461$53,461
IX-23 InsurancePrograms $2,575$2,575
IX-24 Other expenses (24a–d)Programs $25,180 · Management $0 · Fundraising $0$25,180
IX-25 Total functional expensesPrograms $289,498 · Management $0 · Fundraising $0$289,498
Part X · Balance sheet $25,807 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $25,137$20,107
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 $7,528$3,200
X-8 Inventories for sale or useStart of year $3,050$2,500
X-9 Prepaid expenses and deferred chargesStart of year $0$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 $35,715$25,807
X-17 Accounts payable and accrued expensesStart of year $10,578$5,700
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 $10,578$5,700
X-32 Total net assets or fund balancesStart of year $25,137$20,107
X-33 Total liabilities and net assetsStart of year $35,715$25,807
Part XI · Reconciliation of net assets $20,107 net assets at year end
XI-1 Total revenue$284,468
XI-2 Total expenses$289,498
XI-3 Revenue less expenses−$5,030
XI-4 Net assets at start of year$25,137
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$20,107

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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