Babys Space - A Place To Grow
- Assets
- $1.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 51
- Location
- Minneapolis, MN
- Founding
- 04/2006
- Data as of
- 06/2023
- EIN
- 20-4502788
Organization Overview
Babys Space - A Place To Grow is located in Minneapolis, MN. The organization was established in 2006. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2023, Babys Space - A Place To Grow employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Babys Space - A Place To Grow is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Babys Space - A Place To Grow generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR ORGANIZATIONS MISSION IS TO PROVIDE CHILDCARE AND FAMILY SERVICES TO LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A STATE-OF-THE-ART EDUCATION AND PARENT SUPPORT PROGRAM DESIGNED FOR LOW INCOME FAMILIES. OUR PROGRAMS PROVIDE QUALITY CARE AND CONSISTENCY DURING THE CRUCIAL EARLY YEARS OF A CHILDS DEVELOPMENT. EDUCATIONAL ENRICHMENTS MOTIVATE CHILDREN TO REACH THEIR FULL ACADEMIC POTENTIAL. OUR FAMILY SERVICES ENCOURAGE HEALTHY PARENT-CHILD RELATIONSHIPS AND SUPPORTS FAMILIES COMBATING THE EFFECTS OF POVERTY. THE EARLY CARE AND EDUCATION MODEL FOR INFANTS AND TODDLERS HAS BEEN REPLICATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Lund Executive Director | OfficerTrustee | 50 | $90,078 |
Andrea Mueller Sec | Officer | 0 | $0 |
John Rorke Board Chair | Officer | 0 | $0 |
Daniel Tobin Treas | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,091,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,091,781 |
| Total Program Service Revenue | $1,375,275 |
| Investment income | $428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,467,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,233,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $257,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $124,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,074 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $248,970 |
| Travel | $17,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,916 |
| Insurance | $10,677 |
| All other expenses | $0 |
| Total functional expenses | $2,320,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,520 |
| Savings and temporary cash investments | $291,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $575,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,662 |
| Net Land, buildings, and equipment | $40,711 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,196,757 |
| Accounts payable and accrued expenses | $111,551 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $111,551 |
| Net assets without donor restrictions | $1,085,206 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,196,757 |