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Precious Years Learning Center

Tax-deductible

Nisswa, MN501(c)(3)Since 1998Human Services EIN 41-1915126Revenue $590K in FY2025

On file with the IRSpreciousyearslearningcenter.org24646 Hazelwood Dr, 56468-2918 · Nisswa, MNTax-exempt since May 1999Publicly supported — 509(a)(2)

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Non-profit child care Center

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 7 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $49K a year · 9% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 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
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
2% of total assets
Looks good: liabilities are 2% 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
$590K
-3% vs prior year
Spent
$558K
To programs
100%
Net assets
$345K
By yearFY2020–FY2025
Revenue
$590K
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$332K
FY2021$529K
FY2022$688K
FY2023$667K
FY2024$610K
FY2025$590K
Expenses
$558K
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$309K
FY2021$444K
FY2022$596K
FY2023$648K
FY2024$564K
FY2025$558K
Net assets
$345K
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$72K
FY2021$157K
FY2022$249K
FY2023$268K
FY2024$314K
FY2025$345K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1999.

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% · $558K Fundraising 0% · $46

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Amy Strother
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Damian Smith
Vice President
$0Pt VII · Sec A
See Precious Years Learning Center 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 15aYes

Programs and updates

Precious Years Learning Center is a human services nonprofit based in Nisswa, MN, formed in 1998.

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Provided by the organization

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1 program · $558K · in their own filed words · FY2025
01

Child care center and preschool for up to 66 children ages 6 weeks to 12 years old. The center is available to the general public to enable parents in the area to be gainfully employed.

$558Kprogram expense

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 · FY2022
First Children's FinanceFY2022$18K
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$590K
Ln 12
Fees for servicesLn 2g$503K
Gifts and grantsLn 1h$87K
Money outPt IX
$558K
Ln 25
Programscol B$558K
Fundraisingcol D$46
Owns and owesPt X
$345K
net assets · Ln 32
Cash and savingsLn 1–2$328K
Total assetsLn 16$354K
LiabilitiesLn 26$9K
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$87K
Government grantsLn 1e$84K
Noncash giftsLn 1g$0
Fees for servicesLn 2g$503K
Gains on assetsLn 7$0
Total revenueLn 12$590K
Assets in detailPt X, end of year
CashLn 1$328K
Cash and savings togetherLn 1–2$328K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$354K
LiabilitiesLn 26$9K
Net assetsLn 32$345K
OperationsPt I, VI
EmployeesI 513
VolunteersI 67
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 FY25End FY25
Cash and savingsLn 1–2$296K$328K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$318K$354K
LiabilitiesLn 26$4K$9K
Net assetsLn 32$314K$345K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$110$110
Other salaries and wagesLn 7$442K$442K
Pension plan contributionsLn 8$11K$11K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$36K$36K
Management feesLn 11a$599$599
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$800$800
Office expensesLn 13$901$901
Information technologyLn 14$2K$2K
RoyaltiesLn 15$274$274
OccupancyLn 16$23K$23K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$36$36
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$29K$29K
All other expensesLn 24e$81$35$46
Total functional expensesLn 25$558K$558K$0$46

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $590K$558K$32K$345K 990 PDF
FY2024 $610K$564K$46K$314K 990 PDF
FY2023 $667K$648K$19K$268K 990 PDF
FY2022 $688K$596K$93K$249K 990 PDF
FY2021 $529K$444K$84K$157K 990 PDF
FY2020 $332K$309K$23K$72K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $589,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $86,749$87,079
I-9 Program service revenuePrior year $523,365$502,744
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $610,114$589,823
I-13 Grants and similar amounts paidPrior year $100$110
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $506,818$491,393
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,508$66,491
I-18 Total expensesPrior year $564,426$557,994
I-19 Revenue less expensesPrior year $45,688$31,829
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $589,823 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1d Related organizations$0
VIII-1e Government grants$83,682
VIII-1f All other contributions, gifts and grants$321
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$87,079
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $502,744$502,744
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $502,744 · Unrelated business $0 · Excluded from tax $0$589,823
Part IX · Statement of functional expenses $557,994 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $110$110
IX-7 Other salaries and wagesPrograms $442,431$442,431
IX-8 Pension plan contributionsPrograms $11,131$11,131
IX-9 Other employee benefitsPrograms $1,930$1,930
IX-10 Payroll taxesPrograms $35,901$35,901
IX-11a Management feesPrograms $599$599
IX-11c Accounting feesPrograms $1,710$1,710
IX-11g Other fees for servicesPrograms $800$800
IX-13 Office expensesPrograms $901$901
IX-14 Information technologyPrograms $1,821$1,821
IX-15 RoyaltiesPrograms $274$274
IX-16 OccupancyPrograms $23,280$23,280
IX-17 TravelPrograms $1,067$1,067
IX-19 Conferences, conventions and meetingsPrograms $1,199$1,199
IX-20 InterestPrograms $36$36
IX-23 InsurancePrograms $5,999$5,999
IX-24 Other expenses (24a–d)Programs $28,724$28,724
IX-24e All other expensesPrograms $35 · Fundraising $46$81
IX-25 Total functional expensesPrograms $557,948 · Management $0 · Fundraising $46$557,994
Part X · Balance sheet $353,977 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $296,385$328,244
X-4 Accounts receivableStart of year $21,337$25,733
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $317,722$353,977
X-17 Accounts payable and accrued expensesStart of year $4,205$8,631
X-20 Tax-exempt bond liabilities$0
X-26 Total liabilitiesStart of year $4,205$8,631
X-27 Net assets without donor restrictionsStart of year $313,517$345,346
X-32 Total net assets or fund balancesStart of year $313,517$345,346
X-33 Total liabilities and net assetsStart of year $317,722$353,977
Part XI · Reconciliation of net assets $345,346 net assets at year end
XI-1 Total revenue$589,823
XI-2 Total expenses$557,994
XI-3 Revenue less expenses$31,829
XI-4 Net assets at start of year$313,517
XI-10 Net assets at end of year$345,346

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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