Open Circle Adult Day Care
- Assets
- $1.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 37
- Location
- Edina, MN
- Founding
- 07/1982
- Data as of
- 12/2023
- EIN
- 41-1424801
Organization Overview
Open Circle Adult Day Care is located in Edina, MN. The organization was established in 1982. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, Open Circle Adult Day Care employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Circle Adult Day Care 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, Open Circle Adult Day Care generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
TO PROVIDE HEALTH CARE, HOUSING AND COMMUNITY SERVICES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DAY CARE - PROVIDED SOCIAL, THERAPEUTIC, AND HEALTH RELATED SERVICES TO ELDERLY AND DISABLED ADULTS. OPEN CIRCLE ADULT DAY CENTER HAS THE CAPACITY TO SERVE 118 INDIVIDUALS PER DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Dahl President/ceo | Officer | 0.33 | $0 |
Matthew Kern Chief Operating Officer | Officer | 0.33 | $0 |
Kathy Youngquist Chief Financial Officer | Officer | 0.33 | $0 |
Kathy Kopp Chief Strategic Officer | Officer | 0.33 | $0 |
Angela Brown Chief Human Resource Officer | Officer | 0.33 | $0 |
Sharon Wilson Chief Clinical And Compliance Officer | Officer | 0.33 | $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 | $2,291,472 |
| Investment income | $20 |
| 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 | $2,293,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,145 |
| 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 | $1,149,201 |
| Pension plan accruals and contributions | $18,679 |
| Other employee benefits | $120,483 |
| Payroll taxes | $74,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,488 |
| Fees for services: Accounting | $3,592 |
| Fees for services: Lobbying | $1,102 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $259,486 |
| Advertising and promotion | $5,547 |
| Office expenses | $18,630 |
| Information technology | $9,275 |
| Royalties | $0 |
| Occupancy | $64,965 |
| Travel | $61,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,249 |
| Insurance | $26,519 |
| All other expenses | $7,150 |
| Total functional expenses | $2,045,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $257,624 |
| 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 | $383 |
| Net Land, buildings, and equipment | $110,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,164,002 |
| Total assets | $1,847,957 |
| Accounts payable and accrued expenses | $149,342 |
| 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 | $1,256,297 |
| Total liabilities | $1,405,639 |
| Net assets without donor restrictions | $165,542 |
| Net assets with donor restrictions | $276,776 |
| 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 | $1,847,957 |