Lets Grow Kids Inc
- Assets
- $9.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Middlebury, VT
- Founding
- 11/2001
- Data as of
- 12/2023
- 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 12/2023, Lets Grow Kids Inc employed 34 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 12/2023, Lets Grow Kids Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lets Grow Kids Inc has awarded 323 individual grants totaling $10,909,787. 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
2023
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. IA. IN 2023 KEY ACCOMPLISHMENTS INCLUDE 1.) INSPIRING NEW SUPPORTERS TO JOIN THE CAMPAIGN CALLING FOR POLICY CHANGE AND INCREASED PUBLIC INVESTMENT; 2.) GATHERED INPUT TO SHAPE CHILDCARE POLICY FROM VERMONTERS IMPACTED BY HISTORICAL INEQUITIES; 3.) STRENGTHENED THE EARLY CHILDHOOD EDUCATION SYSTEM IN PARTNERSHIP WITH EARLY CHILDHOOD EDUCATORS, INCLUDING THE CREATION STATEWIDE OF SEVERAL NEW CHILD CARE SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Smith Secretary | OfficerTrustee | 4 | $0 |
Rick Davis President | OfficerTrustee | 4 | $0 |
Jennifer Williams Vice President | OfficerTrustee | 4 | $0 |
Tom Macleay Treasurer | OfficerTrustee | 4 | $0 |
Alan Guttmacher Director | Trustee | 2 | $0 |
Lynette Fraga PHD Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $143,250 |
| Government grants | $1,432,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,316,525 |
| Noncash contributions included in lines 1a–1f | $7,183 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,891,948 |
| Total Program Service Revenue | $78,959 |
| Investment income | $118,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,089,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,147,795 |
| Grants and other assistance to domestic individuals. | $264,296 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $797,245 |
| Compensation of current officers, directors, key employees. | $198,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,800,862 |
| Pension plan accruals and contributions | $44,690 |
| Other employee benefits | $304,931 |
| Payroll taxes | $212,791 |
| Fees for services: Management | $397,428 |
| Fees for services: Legal | $1,348 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $74,466 |
| Fees for services: Fundraising | $10,430 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,705 |
| Advertising and promotion | $337,580 |
| Office expenses | $22,981 |
| Information technology | $140,914 |
| Royalties | $0 |
| Occupancy | $107,980 |
| Travel | $33,033 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,136 |
| Insurance | $16,276 |
| All other expenses | $2,541 |
| Total functional expenses | $6,299,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,389,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,914,818 |
| Accounts receivable, net | $1,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,705 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,842 |
| Net Land, buildings, and equipment | $26,754 |
| Investments—publicly traded securities | $2,508,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,924,221 |
| Accounts payable and accrued expenses | $274,446 |
| Grants payable | $10,000 |
| 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 | $284,446 |
| Net assets without donor restrictions | $2,865,991 |
| Net assets with donor restrictions | $6,773,784 |
| 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 | $9,924,221 |
Grants Awarded
Over the last fiscal year, Lets Grow Kids Inc has awarded $1,117,708 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE DAYCARE CENTER INC PURPOSE: PROGRAM DEVELOPMENT | $58,600 |
BUILDING BRIGHT FUTURES PURPOSE: PROGRAM DEVELOPMENT | $14,305 |
CONGREGATIONAL CHURCH OF MIDDLEBURY UCC PURPOSE: PROGRAM DEVELOPMENT | $50,000 |
CABOT COMMUNITY ASSOCIATION PURPOSE: PROGRAM DEVELOPMENT | $50,000 |
COUNSELING SERVICE OF ADDISON COUNTY PURPOSE: PROGRAM DEVELOPMENT | $39,000 |
MAGIC MOUNTAIN CHILDREN'S CENTER PURPOSE: PROGRAM DEVELOPMENT | $15,000 |