Cares for Learning FY2021 filing

Stillwater, MNUnknown exempt organization EIN 84-3993176Revenue $1.7M in FY2021

On file with the IRScaresforlearning.org13255 Ozark Trl N · Stillwater, MN

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To provide a public benefit by helping assure children are ready to read by the time they reach third grade.

49¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · 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
4 of 5
filings with a surplus
Average surplus $432K a year · 27% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $800K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$73K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+29% vs prior year
Spent
$1.5M
To programs
49%
Net assets
$843K
By yearFY2019–FY2024
Revenue
$1.7M
FY2021▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2019$253K
FY2020$1.3M
FY2021$1.7M
FY2023$4.0M
FY2024$621K
Expenses
$1.5M
FY2021▲ +76%
Tap a bar for its year
Expenses by fiscal year
FY2019$0
FY2020$879K
FY2021$1.5M
FY2023$2.2M
FY2024$1.2M
Net assets
$843K
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2019$253K
FY2020$688K
FY2021$843K
FY2023$2.5M
FY2024$0

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

49 cents of each dollar spent went to programs.

Program services 49% · $762K Management & general 12% · $182K Fundraising 1% · $16K

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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2020
Kathleen Horst$166,369$155,295$152,896
Emily Grunt$127,889$111,753—
Nereyda Hurtado$102,574——
Ralph Smith$2,000——
Dr Lisa Stewart$2,000——
Kareem Weaver$2,000——

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps ensure children can read proficiently by third grade.

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Provided by the organization

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1 program · $762K · in their own filed words · FY2021
01

Provide training, coaching, and related curricula and materials to educational providers, organizations, and other entities.

$762Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$800K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Other incomeLn 4–11$1.0M
Fees for servicesLn 2g$495K
Gifts and grantsLn 1h$200K
Money outPt IX
$1.5M
Ln 25
Programscol B$762K
Managementcol C$182K
Fundraisingcol D$16K
Owns and owesPt X
$843K
net assets · Ln 32
Cash and savingsLn 1–2$250K
Total assetsLn 16$904K
LiabilitiesLn 26$73K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Fees for servicesLn 2g$495K
Investment incomeLn 3$28
Other incomeLn 4–11$1.0M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$216K
Cash and savings togetherLn 1–2$250K
Total assetsLn 16$904K
LiabilitiesLn 26$73K
Net assetsLn 32$843K
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$858K$250K
Total assetsLn 16$904K$650K
LiabilitiesLn 26$61K$73K
Net assetsLn 32$843K$577K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$77K$46K$18K$12K
Other salaries and wagesLn 7$367K$321K$46K
Other employee benefitsLn 9$47K$39K$7K$1K
Payroll taxesLn 10$51K$39K$9K$2K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$179K$108K$70K
Office expensesLn 13$602$322$280
Information technologyLn 14$15K$11K$4K
OccupancyLn 16$3K$3K
TravelLn 17$14K$14K$54
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$188K$175K$13K
All other expensesLn 24e$6K$6K$150
Total functional expensesLn 25$960K$762K$182K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $621K$1.2M−$556K$0 990 PDF
FY2023 $4.0M$2.2M$1.9M$2.5M 990 PDF
FY2022 Not on file
FY2021 Viewing $1.7M$1.5M$155K$843K 990 PDF
FY2020 $1.3M$879K$435K$688K 990 PDF
FY2019 $253K$0$253K$253K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $694,699 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,277,381$200,150
I-9 Program service revenuePrior year $421,770$494,521
I-10 Investment incomePrior year $59$28
I-11 Other revenue$0
I-12 Total revenuePrior year $1,699,210$694,699
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $898,566$541,983
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $646,122$418,142
I-18 Total expensesPrior year $1,544,688$960,125
I-19 Revenue less expensesPrior year $154,522−$265,426
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $694,699 across 5 lines filed
VIII-1f All other contributions, gifts and grants$200,150
VIII-1h Total contributions, gifts and grants$200,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $494,521$494,521
VIII-3 Investment incomeExcluded from tax $28$28
VIII-12 Total revenueRelated to mission $494,521 · Excluded from tax $28$694,699
Part IX · Statement of functional expenses $960,125 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $45,917 · Management $18,367 · Fundraising $12,245$76,529
IX-7 Other salaries and wagesPrograms $321,103 · Management $46,321$367,424
IX-9 Other employee benefitsPrograms $39,242 · Management $6,916 · Fundraising $1,309$47,467
IX-10 Payroll taxesPrograms $39,119 · Management $9,467 · Fundraising $1,977$50,563
IX-11c Accounting feesManagement $9,944$9,944
IX-11g Other fees for servicesPrograms $108,222 · Management $70,291$178,513
IX-13 Office expensesPrograms $322 · Management $280$602
IX-14 Information technologyPrograms $11,269 · Management $3,971$15,240
IX-16 OccupancyPrograms $2,550$2,550
IX-17 TravelPrograms $13,574 · Management $54$13,628
IX-23 InsuranceManagement $3,188$3,188
IX-24 Other expenses (24a–d)Programs $174,867 · Management $13,233$188,100
IX-24e All other expensesPrograms $6,227 · Management $150$6,377
IX-25 Total functional expensesPrograms $762,412 · Management $182,182 · Fundraising $15,531$960,125
Part X · Balance sheet $649,917 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $107,564$33,846
X-2 Savings and temporary cash investmentsStart of year $749,995$216,207
X-3 Pledges and grants receivable$200,000
X-4 Accounts receivableStart of year $46,299$199,864
X-16 Total assetsStart of year $903,858$649,917
X-17 Accounts payable and accrued expensesStart of year $61,312$72,797
X-26 Total liabilitiesStart of year $61,312$72,797
X-27 Net assets without donor restrictionsStart of year $4,174$438,925
X-28 Net assets with donor restrictionsStart of year $838,372$138,195
X-32 Total net assets or fund balancesStart of year $842,546$577,120
X-33 Total liabilities and net assetsStart of year $903,858$649,917
Part XI · Reconciliation of net assets $577,120 net assets at year end
XI-1 Total revenue$694,699
XI-2 Total expenses$960,125
XI-3 Revenue less expenses−$265,426
XI-4 Net assets at start of year$842,546
XI-10 Net assets at end of year$577,120

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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