Close Gaps by 5

Minneapolis, MNUnknown exempt organization EIN 45-3571450Revenue $221K in FY2022Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSclosegapsby5.orgMinneapolis, MN

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Close Gaps by 5 is a minnesota-based non-profit organization dedicated to using high quality early education programs to Close and prevent achievement Gaps, and to making minnesota's early education system more equitable.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3571450) · Dispute this line
72¢ of each $1 spent went to programs.
Run by 12 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $186K a year · 69% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
72%
of spending
72% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$182K
to officers and key staff · 31% of spending
Pay to officers and key staff is 31% of spending.
Part VII, Section A
Named funders
5
named funders · $198K
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$221K
-35% vs prior year
Spent
$591K
To programs
72%
Net assets
$0
By yearFY2020–FY2022
Revenue
$221K
FY2022▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2020$255K
FY2021$338K
FY2022$221K
Expenses
$591K
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$329K
FY2021$452K
FY2022$591K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$485K
FY2021$370K
FY2022$0

From the FY2022 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $424K Management & general 21% · $124K Fundraising 7% · $43K

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

12 people listed on the 990; $182K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$165,000Pt VII · Sec A
Operations Director
$16,700Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Ericca Maas$165,000$129,375$73,125
Michelle Corbin$16,700$13,088$18,685

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.

See Close Gaps by 5 executive salaries →

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

Provides high-quality early education to close achievement gaps and create a more equitable system.

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2 programs · $424K · in their own filed words · FY2022
01

Close gaps by 5 works to strengthen and expand parent aware as minnesota's quality framework for early care and education programs by growing the number of available parent aware rated early care and education programs statewide and working to keep the rating standards strong and tied to what research says children need.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3571450) · Dispute this line
$372Kprogram expense
02

Close gaps by 5 recognizes that building high-quality programs is not enough if families do not have the means to access them. The second focus of close gap's program work is on educating policymakers and the public about the importance of increasing investments to enable access to high-quality early care and education programs by…

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3571450) · Dispute this line
$52Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 5 funders$198K
See all 5 funders →
Grants paid · 1 grant · $152K · 2022–2022
Think SmallMN · FY2022$152,386

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$221K
Ln 12
Gifts and grantsLn 1h$221K
Money outPt IX
$591K
Ln 25
Programscol B$424K
Managementcol C$124K
Fundraisingcol D$43K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$221K
Total revenueLn 12$221K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 52
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$385K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$391K$0
LiabilitiesLn 26$21K$0
Net assetsLn 32$370K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$152K$152K
Pay of officers and key staff (Part IX, line 5)Ln 5$188K$88K$67K$34K
Payroll taxesLn 10$12K$5K$4K$2K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$52K$52K
Advertising and promotionLn 12$108K$75K$27K$6K
Office expensesLn 13$11K$6K$4K$471
OccupancyLn 16$420$420
Conferences, conventions and meetingsLn 19$3K$1K$2K
InterestLn 20$61$61
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$44K$44K$0$0
Total functional expensesLn 25$591K$424K$124K$43K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Sep 5, 2023 $221K$591K−$370K$0 990 PDF
FY2021Filed with the IRS Jun 30, 2022 $338K$452K−$115K$370K 990 PDF
FY2020Filed with the IRS Aug 9, 2021 $255K$329K−$74K$485K 990 PDF

Schedules filed Part IV

I · Grants J · Pay O · Explanations
See the full FY2022 990
Part I · Summary $220,628 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $337,782$220,628
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $337,782$220,628
I-13 Grants and similar amounts paidPrior year $0$152,386
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $145,465$199,782
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $306,996$238,631
I-18 Total expensesPrior year $452,461$590,799
I-19 Revenue less expensesPrior year −$114,679−$370,171
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $220,628 across 3 lines filed
VIII-1f All other contributions, gifts and grants$220,628
VIII-1h Total contributions, gifts and grants$220,628
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$220,628
Part IX · Statement of functional expenses $590,799 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $152,386$152,386
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $87,735 · Management $66,734 · Fundraising $33,731$188,200
IX-10 Payroll taxesPrograms $5,212 · Management $4,170 · Fundraising $2,200$11,582
IX-11b Legal feesManagement $3,196$3,196
IX-11c Accounting feesManagement $14,513$14,513
IX-11d Lobbying feesPrograms $52,000$52,000
IX-12 Advertising and promotionPrograms $74,909 · Management $26,615 · Fundraising $6,105$107,629
IX-13 Office expensesPrograms $6,198 · Management $4,129 · Fundraising $471$10,798
IX-16 OccupancyManagement $420$420
IX-19 Conferences, conventions and meetingsPrograms $1,229 · Management $1,955$3,184
IX-20 InterestManagement $61$61
IX-23 InsuranceManagement $2,680$2,680
IX-24 Other expenses (24a–d)Programs $44,150 · Management $0 · Fundraising $0$44,150
IX-25 Total functional expensesPrograms $423,819 · Management $124,473 · Fundraising $42,507$590,799
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $376,756$0
X-2 Savings and temporary cash investmentsStart of year $8,522$0
X-3 Pledges and grants receivableStart of year $4,950$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,154$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $391,382$0
X-26 Total liabilitiesStart of year $21,211$0
X-27 Net assets without donor restrictionsStart of year $370,171$0
X-32 Total net assets or fund balancesStart of year $370,171$0
X-33 Total liabilities and net assetsStart of year $391,382$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$220,628
XI-2 Total expenses$590,799
XI-3 Revenue less expenses−$370,171
XI-4 Net assets at start of year$370,171
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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