Bounce Dc
- Assets
- $160.4k
- Revenue
- $37.0
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 02/2010
- Data as of
- 06/2021
- EIN
- 27-1349287
Organization Overview
Bounce Dc is located in Chicago, IL. The organization was established in 2010. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bounce DC 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 06/2021, Bounce DC generated $37.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (74.3%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BOUNCE DC SUPPORTS HIGH QUALITY EARLY LEARNING IN DC BY DEVELOPING AND CONSTRUCTING A NEW BIRTH TO 5 EDUCARE SCHOOL (EDUCARE DC) FOR AT-RISK YOUNG CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN NOVEMBER 2009, BOUNCE DC, A 501(C)(3) SUPPORTING ORGANIZATION OF START EARLY, WAS ESTABLISHED WITH THE PURPOSE OF DEVELOPING AND BUILDING EDUCARE DC AND FUNDING THE BROADER BIRTH-TO-FIVE QUALITY IMPROVEMENT EFFORTS IN THE DISTRICT OF COLUMBIA. BOUNCE DC HAS ALSO PROVIDED SUBSTANTIAL FINANCIAL, TECHNICAL AND MANAGERIAL SUPPORT TO EDUCARE DC. IN SEPTEMBER 2012, BOUNCE DC, AS LEVERAGE LENDER, MADE A LOAN TO EDUCARE DC NMTC INVESTMENT FUND, LLC, A QUALIFIED EQUITY INVESTMENT FUND INVOLVED IN FINANCING OBTAINED THROUGH THE NMTC TRANSACTION. THE LOAN HAS INTEREST-ONLY PAYMENTS FOR SEVEN YEARS AT A 1% RATE, PAYABLE QUARTERLY. THE INITIAL NMTC COMPLIANCE PERIOD ENDED ON SEPTEMBER 12, 2019. EFFECTIVE SEPTEMBER 13, 2019, THE NMTC UNWIND BEGAN WHEN THE EQUITY INVESTOR OF EDUCARE DC NMTC INVESTMENT FUND, LLC EXERCISED ITS PUT OPTION AND SOLD ITS OWNERSHIP INTEREST TO BOUNCE DC FOR $1,000. IN CONJUNCTION WITH THIS EVENT, BOUNCE DC PAID LEGAL FEES OF $8,900. THIS ACTION, IN COMBINATION WITH OTHER AGREEMENTS, RESULTED IN THE FORGIVENESS OF A $10,700,070 NOTE FROM EDUCARE DC. THE LOAN FORGIVENESS WAS REFLECTED AS AN EXPENSE ON BOUNCE DC'S CONSOLIDATED STATEMENT OF ACTIVITIES IN FISCAL 2020. THIS REDUCTION TO BOUNCE DC'S NET ASSETS IS IN LINE WITH THE PURPOSE OF THE ENTITY, WHICH WAS PRIMARILY TO FACILITATE NMTC TRANSACTION. BOUNCE DC PLANS TO EVENTUALLY FILE FOR DISSOLUTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Iwanski Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Diana Rauner Co-President | OfficerTrustee | 1 | $0 |
Jessie Rasmussen Co-President | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| 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 | $37 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $153,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,823 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,403 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $160,403 |
| 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 | $160,403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |
Woodlands School Inc Milwaukee, WI | $2,983,188 | $7,550,703 |
Chiaravalle Montessori School Evanston, IL | $20,991,628 | $8,509,054 |
Roycemore School Evanston, IL | $12,981,481 | $7,960,339 |
Family Forum Inc Superior, WI | $1,927,260 | $6,315,479 |
Wisconsin Montessori Society Inc Milwaukee, WI | $12,863,252 | $6,437,977 |
Parent And Child Together - Pact - For West Central Illinois Beardstown, IL | $590,304 | $4,793,491 |
Community Montessori New Albany, IN | $14,363,085 | $5,763,758 |
Floyd County Community Action New Albany, IN | $757,364 | $3,911,840 |
Family And Child Learning Centers Of Northeast Wisconsin Inc Rhinelander, WI | $765,130 | $4,152,383 |
Cornerstone Christian Academy Of Mclean County Inc Bloomington, IL | $7,060,087 | $4,931,112 |