Close Gaps by 5 FY2020 filing

Minneapolis, MNUnknown exempt organization EIN 45-3571450Revenue $255K in FY2020Latest 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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3571450) · Dispute this line
69¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
69%
of spending
69% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 28% of spending
Pay to officers and key staff is 28% of spending.
Part VII, Section A
17.5 mo
of spending, in cash
17.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $198K
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.7% of total assets
Liabilities are 0.7% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$255K
Spent
$329K
To programs
69%
Net assets
$485K
By yearFY2020–FY2022
Revenue
$255K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$255K
FY2021$338K
FY2022$221K
Expenses
$329K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$329K
FY2021$452K
FY2022$591K
Net assets
$485K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$485K
FY2021$370K
FY2022$0

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

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

69 cents of each dollar spent went to programs.

Program services 69% · $225K Management & general 25% · $81K Fundraising 7% · $22K

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

15 people listed on the 990; $92K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$73,125Pt VII · Sec A
Operations Director
$18,685Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt 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

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.

Questions for Close Gaps by 5

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2 programs · $225K · in their own filed words · FY2020
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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3571450) · Dispute this line
$193Kprogram 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 accessto high-quality early care and education programs by…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3571450) · Dispute this line
$32Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$255K
Ln 12
Gifts and grantsLn 1h$255K
Money outPt IX
$329K
Ln 25
Programscol B$225K
Managementcol C$81K
Fundraisingcol D$22K
Owns and owesPt X
$485K
net assets · Ln 32
Cash and savingsLn 1–2$478K
Total assetsLn 16$488K
LiabilitiesLn 26$3K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Total revenueLn 12$255K
Assets in detailPt X, end of year
CashLn 1$478K
Cash and savings togetherLn 1–2$478K
Pledges and grants receivableLn 3$9K
Prepaid expenses and deferred chargesLn 9$1K
Total assetsLn 16$488K
LiabilitiesLn 26$3K
Net assetsLn 32$485K
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 FY20End FY20
Cash and savingsLn 1–2$358K$478K
Total assetsLn 16$565K$488K
LiabilitiesLn 26$6K$3K
Net assetsLn 32$559K$485K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$73K$33K$26K$14K
Payroll taxesLn 10$6K$3K$2K$1K
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$44K$32K$10K$2K
Advertising and promotionLn 12$131K$106K$21K$4K
Office expensesLn 13$19K$14K$5K$796
OccupancyLn 16$84$84
TravelLn 17$4K$1K$2K
InterestLn 20$11$11
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$39K$36K$2K$272
Total functional expensesLn 25$329K$225K$81K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled 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
FY2020 ViewingFiled with the IRS Aug 9, 2021 $255K$329K−$74K$485K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $254,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $556,826$254,738
I-9 Program service revenuePrior year $20,000$0
I-10 Investment incomePrior year $9$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $576,835$254,738
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 $129,849$78,395
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $281,137$250,311
I-18 Total expensesPrior year $410,986$328,706
I-19 Revenue less expensesPrior year $165,849−$73,968
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $254,738 across 3 lines filed
VIII-1f All other contributions, gifts and grants$254,738
VIII-1h Total contributions, gifts and grants$254,738
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$254,738
Part IX · Statement of functional expenses $328,706 across 11 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $32,730 · Management $26,183 · Fundraising $13,820$72,733
IX-10 Payroll taxesPrograms $2,548 · Management $2,038 · Fundraising $1,076$5,662
IX-11c Accounting feesManagement $9,900$9,900
IX-11d Lobbying feesPrograms $32,366 · Management $9,786 · Fundraising $1,848$44,000
IX-12 Advertising and promotionPrograms $106,238 · Management $20,779 · Fundraising $3,924$130,941
IX-13 Office expensesPrograms $13,924 · Management $4,599 · Fundraising $796$19,319
IX-16 OccupancyManagement $84$84
IX-17 TravelPrograms $1,468 · Management $2,337$3,805
IX-20 InterestManagement $11$11
IX-23 InsuranceManagement $3,589$3,589
IX-24 Other expenses (24a–d)Programs $36,200 · Management $2,190 · Fundraising $272$38,662
IX-25 Total functional expensesPrograms $225,474 · Management $81,496 · Fundraising $21,736$328,706
Part X · Balance sheet $488,191 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $357,938$478,437
X-3 Pledges and grants receivableStart of year $204,500$8,600
X-9 Prepaid expenses and deferred chargesStart of year $2,615$1,154
X-16 Total assetsStart of year $565,053$488,191
X-17 Accounts payable and accrued expensesStart of year $6,235$3,341
X-26 Total liabilitiesStart of year $6,235$3,341
X-27 Net assets without donor restrictionsStart of year $289,318$476,250
X-28 Net assets with donor restrictionsStart of year $269,500$8,600
X-32 Total net assets or fund balancesStart of year $558,818$484,850
X-33 Total liabilities and net assetsStart of year $565,053$488,191
Part XI · Reconciliation of net assets $484,850 net assets at year end
XI-1 Total revenue$254,738
XI-2 Total expenses$328,706
XI-3 Revenue less expenses−$73,968
XI-4 Net assets at start of year$558,818
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$484,850

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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