Lets Grow Kids Inc
- Assets
- $13.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 44
- Location
- Middlebury, VT
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 31-1802348
Organization Overview
Lets Grow Kids Inc is located in Middlebury, VT. The organization was established in 2001. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. As of 12/2021, Lets Grow Kids Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lets Grow Kids Inc 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 12/2021, Lets Grow Kids Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 5.8% 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.
Since 2016, Lets Grow Kids Inc has awarded 240 individual grants totaling $7,640,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENSURE EVERY VERMONT FAMILY HAS AFFORDABLE ACCESS TO HIGH-QUALITY CHILD CARE BY 2025.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LET'S GROW KIDS MISSION IS TO ENSURE THAT BY 2025 ALL CHILDREN IN VERMONT CAN ACCESS AND AFFORD HIGH-QUALITY CHILD CARE. IN SERVICE OF THIS MISSION LET'S GROW KIDS 1.) ENGAGES VERMONTERS FROM ALL WALKS OF LIFE IN SOLVING THE CHILD CARE CRISIS; 2.) REFORMS EARLY CHILDHOOD EDUCATION POLICY TO BE INCLUSIVE, RACE-CONSCIOUS, AND CULTURALLY INFORMED; AND, 3.) STRENGTHENS VERMONT'S CHILD CARE SYSTEM IN PARTNERSHIP WITH EARLY CHILDHOOD EDUCATORS. IN 2021 ACCOMPLISHMENTS INCLUDE 1.) INSPIRED 2,581 NEW SUPPORTERS FOR A TOTAL OF 35,322 VERMONTERS CALLING FOR INCREASED PUBLIC INVESTMENT; 2.) HELPED PASS H.171/ACT 45, FOUNDATIONAL CHILD CARE LEGISLATION; 3.) STRENGTHENED THE EARLY CHILDHOOD EDUCATION SYSTEM INCLUDING CREATING 1,442 NEW CHILD CARE SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyson Richards Chief Executive Officer | Officer | 40 | $189,765 |
William Martin Chief Strategy Officer & G | Officer | 40 | $169,248 |
Sarah Kenney Sr. Director Of Policy And Field | Officer | 40 | $103,123 |
Lucia Campriello Chief Development Officer | Officer | 40 | $101,553 |
Janet Mclaughlin Chief Operating Officer | Officer | 40 | $80,579 |
Dan Smith Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $484,250 |
| Government grants | $2,123,679 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,028,823 |
| Noncash contributions included in lines 1a–1f | $390,215 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,636,752 |
| Total Program Service Revenue | $26,017 |
| Investment income | $2,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,662,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,310,983 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $853,976 |
| Compensation of current officers, directors, key employees. | $202,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,121,151 |
| Pension plan accruals and contributions | $51,924 |
| Other employee benefits | $391,374 |
| Payroll taxes | $239,616 |
| Fees for services: Management | $390,762 |
| Fees for services: Legal | $511 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $77,650 |
| Fees for services: Investment Management | $1,440 |
| Fees for services: Other | $545,022 |
| Advertising and promotion | $277,260 |
| Office expenses | $30,100 |
| Information technology | $132,469 |
| Royalties | $0 |
| Occupancy | $97,792 |
| Travel | $11,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,093 |
| Insurance | $15,603 |
| All other expenses | $2,138 |
| Total functional expenses | $7,689,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,627,471 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,683,660 |
| Accounts receivable, net | $6,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,739 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,136 |
| Net Land, buildings, and equipment | $97,570 |
| Investments—publicly traded securities | $2,952,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,471,171 |
| Accounts payable and accrued expenses | $351,249 |
| Grants payable | $243,109 |
| 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 | $594,358 |
| Net assets without donor restrictions | $5,186,882 |
| Net assets with donor restrictions | $7,689,931 |
| 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 | $13,471,171 |
Grants Awarded
Over the last fiscal year, Lets Grow Kids Inc has awarded $1,532,222 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: PROGRAM DEVELOPMENT | $172,219 |
CRYSTAL THOMPSON POLLARD KID LOGIC LEARNING LLC PURPOSE: PROGRAM DEVELOPMENT | $82,800 |
Rutland, VT PURPOSE: PROGRAM DEVELOPMENT | $75,000 |
ABC & LOL CHILD CARE AND PRESCHOOL LLC PURPOSE: PROGRAM DEVELOPMENT | $75,000 |
ABC ACADEMY ST ALBANS LLC PURPOSE: PROGRAM DEVELOPMENT | $74,800 |
SARA LEBLANC PURPOSE: PROGRAM DEVELOPMENT | $65,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lets Grow Kids Inc has recieved totaling $118,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $85,000 |
Alliance For Early Success Washington, DC | | $25,000 |
Tulgey Wood Foundation Inc Greenwich, CT PURPOSE: SUPPORT OF ORGANIZATION | $5,000 |
Evslin Family Foundation Inc Stowe, VT PURPOSE: OPERATINGSUPPORT. | $3,000 |
Endowment Analysis
| Beg. Balance | $13,909,605 |
| Earnings | $5,504 |
| Admin Expense | $1,787,481 |
| Net Contributions | $6,656,765 |
| Other Expense | $3,596,097 |
| Grants | $2,311,483 |
| Ending Balance | $12,876,813 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lets Grow Kids Inc Middlebury, VT | $13,471,171 | $6,662,036 |
Summer Camp Opportunities Promote Education Inc Astoria, NY | $2,178,412 | $1,193,095 |
Youth Foundation Inc New York, NY | $10,787,193 | $1,768,490 |
Children And Screens-Institute Of Digital Media And Child Developmen Jericho, NY | $4,602,497 | $2,120,604 |
Buffalo Sabres Foundation Buffalo, NY | $633,341 | $899,798 |
Hm Sarij Family Foundation Inc Deer Park, NY | $3,225,960 | $1,832,873 |
Hugh Obrian Youth Leadership Latham, NY | $134,625 | $0 |
Kids Club Of Tarrytown & Sleepy Hollow Inc Tarrytown, NY | $204,713 | $0 |
Friends Of Hudson Youth Inc Hudson, NY | $157,295 | $198,282 |
Confikids Inc Foxboro, MA | $119,657 | $0 |
Young Womens College Prep Foundation Inc Rochester, NY | $46,616 | $0 |
Creative Waves Foundation New York, NY | $31,572 | $0 |