Good News Childrens Center Inc
- Assets
- $300.4k
- Revenue
- $997.7k
- Investments
- $0.0
- Employees
- 34
- Location
- Rochester, MN
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 41-2001068
Organization Overview
Good News Childrens Center Inc is located in Rochester, MN. The organization was established in 2001. 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 12/2023, Good News Childrens Center Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good News Childrens Center 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, Good News Childrens Center Inc generated $997.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 8 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
GOOD NEWS CHILDREN'S CENTER PROVIDES QUALITY CHILDCARE TO SOUTHEAST MINNESOTA FAMILIES, IN A SAFE ENVIRONMENT THAT PROMOTES LIFE-LONG LEARNING THROUGH DEVELOPMENTALLY APPROPRIATE AND ACTIVE LEARNING CIRRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOOD NEWS CHILDREN'S CENTER PROVIDES QUALITY AND AFFORDABLE CHILDCARE TO ALL INCOME LEVEL FAMILIES. WE PROVIDE AGE APPROPRIATE ACTIVE LEARNING AND SCHOOL READINESS EDUCATION FOR INFANT TO CHILDREN 6 YEARS OF AGE. WE ALSO REFER PARENTS TO COMMUNITY INTERVENTION SERVICES THAT PROMOTE LIFE LONG SKILLS IN PHYSICAL, EMOTIONAL AND INTELLECTUAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Anderson Executive Director | 40 | $61,721 | |
Natalie Mohammed Director | Trustee | 4 | $0 |
Chris Coon Chair | OfficerTrustee | 4 | $0 |
Melissa Dickison Director | Trustee | 4 | $0 |
Laura Meiners Secretary | OfficerTrustee | 4 | $0 |
Dana Hertzfeldt Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $31,062 |
| Membership dues | $0 |
| Fundraising events | $175 |
| Related organizations | $0 |
| Government grants | $77,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,139 |
| Total Program Service Revenue | $884,699 |
| Investment income | $3,604 |
| 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 | $997,717 |
| 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. | $73,847 |
| Compensation of current officers, directors, key employees. | $59,078 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,333 |
| Payroll taxes | $52,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,838 |
| Office expenses | $4,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,884 |
| 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 | $2,402 |
| Insurance | $14,810 |
| All other expenses | $12,761 |
| Total functional expenses | $1,068,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,525 |
| Savings and temporary cash investments | $192,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,112 |
| 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 | $3,754 |
| Net Land, buildings, and equipment | $41,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,376 |
| Accounts payable and accrued expenses | $55,900 |
| Grants payable | $0 |
| Deferred revenue | $9,544 |
| 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 | $65,444 |
| Net assets without donor restrictions | $234,932 |
| 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 | $300,376 |