Washburn Center for Children Holding Company
- Assets
- $0.0
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 46-3375322
Organization Overview
Washburn Center for Children Holding Company is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. Washburn Center for Children Holding Company 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 12/2020, Washburn Center for Children Holding Company generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 57.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HOLD TITLE TO A FACILITY USED EXCLUSIVELY BY WASHBURN CENTER FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S OPERATIONS CONSIST OF HOLDING TITLE TO A FACILITY IN MINNEAPOLIS THAT IS USED EXCLUSIVELY BY WASHBURN CENTER FOR CHILDREN, A RELATED SUPPORTED ORGANIZATION, TO CARRY OUT ITS EXEMPT PURPOSE. WASHBURN CENTER FOR CHILDREN SERVES MORE THAN 3,900 CHILDREN A YEAR WHO ARE STRUGGLING WITH MENTAL HEALTH ISSUES AS VARIED AS BEHAVIORAL CHALLENGES, DEPRESSION, ANXIETY, TRAUMA AND GRIEF. THE FACILITY HELD BY THE ORGANIZATION IS AN EXPANDED HEALING ENVIRONMENT THAT DOUBLES THE SPACE CURRENTLY AVAILABLE TO SERVE CLIENTS. THIS FACILITY ALLOWS WASHBURN CENTER FOR CHILDREN TO SERVE THE COMMUNITY MORE EFFECTIVELY AND CREATES AN IMPROVED SPACE FOR YOUNG MINDS TO HEAL AND GROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Steinmetz President/chair | OfficerTrustee | 1 | $0 |
Beth Dahline Secretary/treasurer | OfficerTrustee | 1 | $0 |
Richard Renikoff Trustee | Trustee | 1 | $0 |
Karen Evans Trustee | Trustee | 1 | $0 |
Lisa Kro Trustee | Trustee | 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 | $292,500 |
| Investment income | $0 |
| 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 | $5,684,296 |
| 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 | $2,239 |
| 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 | $248,579 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $819,975 |
| Insurance | $0 |
| All other expenses | $102,231 |
| Total functional expenses | $1,173,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |