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Raindrop Early Learning Center EIN 47-3346389

Raindrop Early Learning Center

EIN  47-3346389 Public charity (501(c)(3)) Chicago, IL
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Size
$100K–1M
What they do
Offers early childhood daycare, fostering creativity, self-reliance, compassion, and respect for diversity.
Leadership
M Willimas · Pres/Exec Dir · $56K
Money in and out
$509K revenue, $453K expenses
Bottom line
77% program efficiency

Offers early childhood daycare, fostering creativity, self-reliance, compassion, and respect for diversity. For fiscal year 2023 it reported $509K in revenue, $453K in expenses, and $88K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$509K
Pt VIII · Ln 12
Total expenses
$453K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $56K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▲ +73% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ +566% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$509K
FY2023▲ +48%
Expenses
$453K
FY2023▲ +29%
Total assets
$96K
FY2023▲ +63%
Total liabilities
$8K
FY2023▼ -25%
Total revenue
$509K
Pt VIII · Ln 12
Total expenses
$453K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$56K
Total assetsPt X · Ln 16$96K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $453K of program spending, described in the organization's own filed words · FY2023.
01

Daycare program for children ages six weeks to twelve years old

$453Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRaindrop Early Learning Center
EINHdr · item D47-3346389
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jraindropelc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFJan 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
M Willimas
Pres/Exec Dir
$55,520Pt VII · Sec A
A Rowell
Treasurer
$2,400Pt VII · Sec A
$0Pt VII · Sec A

M Willimas’s $56K as Pres/Exec Dir is at the 45th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
M Willimas$55,520———
Monique Williams—$53,600——
Monique Rowell——$38,850$19,605
Andrea Rowell—$16,768——
A Rowell$2,400———

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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Statement of Revenue

Part VIII
Contributions & grants$404K · 79%
Program service revenue$105K · 21%
Contributions & grants79%$404K
Program service revenue21%$105K
Investment income$12
— government grantsLn 1e$398K
Total revenueLn 12$509K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$347K
Management & general23%$105K
Total functional expensesLn 25$453K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$96K
Total liabilitiesLn 26$8K
Total net assetsLn 32$88K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $70K · Operating expenses/yr $453K
1.9 months
Where the money goes
Program services
Program services $347K · Total expenses $453K
77%
Management & General
Management & general $105K · Total expenses $453K
23%
Fundraising
Fundraising $0 · Total expenses $453K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $7K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $404K · Total revenue $509K
79%
Government reliance
Government grants $398K · Total revenue $509K
78%
Earned-income share
Program service revenue $105K · Total revenue $509K
21%
Investment reliance
Investment income $12 · Total revenue $509K
0%
Program self-sufficiency
Program service revenue $105K · Total expenses $453K
23%
Growth & trend
Revenue growth (YoY)
This year $509K · Prior year $344K
+48%
Net-asset trend (YoY)
End of year $88K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $509K · Expenses $453K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $96K
—
Net-asset ratio
Net assets $88K · Total assets $96K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $96K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual M Willimas · Reported title Pres/Exec Dir · Highest reported compensation $56K · Total expenses $453K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $256K · Total expenses $453K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Fundraising cost ratio 0%——
Revenue growth 48%——
Legal fee ratio 1%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$509K revenue · viewing · ⤓ 990 PDF
FY2022$344K revenue · ⤓ 990 PDF
FY2021$291K revenue · ⤓ 990 PDF
FY2020$166K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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