Babys Space - A Place To Grow
- Assets
- $1.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 48
- Location
- Minneapolis, MN
- Founding
- 04/2006
- Data as of
- 06/2022
- 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 06/2022, Babys Space - A Place To Grow employed 48 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 06/2022, Babys Space - A Place To Grow generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 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
2022
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 | $0 |
Cindy Hillyer Board | Trustee | 1 | $0 |
Daniel Tobin Pres | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $291,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,235,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,527,256 |
| Total Program Service Revenue | $1,005,518 |
| Investment income | $1,921 |
| 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 | $2,534,695 |
| 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 | $1,010,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $206,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $110,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,574 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,321 |
| Travel | $23,071 |
| 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 | $21,203 |
| Insurance | $10,750 |
| All other expenses | $453 |
| Total functional expenses | $1,860,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,481 |
| Savings and temporary cash investments | $291,581 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $436,467 |
| 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 | $12,115 |
| Net Land, buildings, and equipment | $28,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,009,308 |
| Accounts payable and accrued expenses | $70,872 |
| 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 | $70,872 |
| Net assets without donor restrictions | $938,436 |
| 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 | $1,009,308 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Babys Space - A Place To Grow has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Agate Legacy Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Care Resource And Referral Inc Rochester, MN | $8,853,289 | $18,520,404 |
Children And Families Of Iowa Des Moines, IA | $18,712,609 | $16,514,094 |
Encompass Early Education And Care Inc Green Bay, WI | $8,419,390 | $8,397,899 |
St Joseph Academy Inc Milwaukee, WI | $7,083,434 | $6,157,567 |
Apple Tree Childrens Center Inc Sioux Falls, SD | $1,444,278 | $5,832,493 |
Wisconsin Youth Company Inc Madison, WI | $3,766,489 | $5,762,746 |
Ebenezer Child Care Centers Inc West Allis, WI | $4,255,096 | $4,885,385 |
Milestones Programs For Children Inc Milwaukee, WI | $3,473,395 | $4,940,106 |
Community United Child Care Centers Inc Cedar Falls, IA | $5,039,004 | $5,135,124 |
Charlie Brown Community Day Care Center Mason City, IA | $5,429,986 | $4,997,843 |
Community Coordinated Child Care Madison, WI | $2,495,159 | $4,171,483 |
Woods Hollow Childrens Center Inc Fitchburg, WI | $5,770,890 | $3,066,449 |