Little Hearts Preschool And Childcare is located in Duluth, MN. The organization was established in 2017. 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 12/2021, Little Hearts Preschool And Childcare employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Hearts Preschool And Childcare 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, Little Hearts Preschool And Childcare generated $815.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $714.9k during the year ending 12/2021. While expenses have increased by 14.1% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A CULTURALLY DIVERSE, PURPOSEFUL, FUN AND PEACEFUL ENVIRONMENT THAT NURTURES THE DEVELOPMENT OF CHILDREN THROUGH COMPASSION, RESPECT AND IMAGINATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD PROGRAM FROM AGES 6 WEEKS TO STARTING KINDERGARTEN
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melissa J Reisdorf Administrato | Officer | 40 | $76,360 |
Shannon Moden Secretary | OfficerTrustee | $9,749 | |
Jeffrey D Reisdorf Treasurer | OfficerTrustee | $0 | |
Katie Jones President | OfficerTrustee | $0 | |
Leah Foster Director | Trustee | $0 | |
Melissa Saice Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $146,876 |
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 | $146,876 |
Total Program Service Revenue | $668,704 |
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 | $815,580 |
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 | $500,027 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $42,112 |
Fees for services: Management | $0 |
Fees for services: Legal | $43 |
Fees for services: Accounting | $8,530 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $776 |
Advertising and promotion | $447 |
Office expenses | $6,054 |
Information technology | $188 |
Royalties | $0 |
Occupancy | $72,968 |
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 | $4,026 |
Insurance | $9,790 |
All other expenses | $22,893 |
Total functional expenses | $714,935 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $194,527 |
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 | $57,646 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $252,173 |
Accounts payable and accrued expenses | $7,319 |
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 | $7,319 |
Net assets without donor restrictions | $244,854 |
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 | $252,173 |
Over the last fiscal year, we have identified 2 grants that Little Hearts Preschool And Childcare has recieved totaling $89,000.
Awarding Organization | Amount |
---|---|
Minnesota Child Care Resource And Referral Network St Paul, MN PURPOSE: PEACETIME EMERGENCY | $44,500 |
Minnesota Child Care Resource And Referral Network St Paul, MN PURPOSE: PEACETIME EMERGENCY | $44,500 |
Organization Name | Assets | Revenue |
---|---|---|
Think Small Saint Paul, MN | $8,024,590 | $30,547,585 |
Providers Choice Inc Minneapolis, MN | $4,205,480 | $24,736,652 |
Child Care Resource And Referral Inc Rochester, MN | $8,853,289 | $18,520,404 |
Children And Families Of Iowa Des Moines, IA | $18,712,609 | $16,514,094 |
Encompass Early Education And Care Inc Green Bay, WI | $8,419,390 | $8,397,899 |
St Joseph Academy Inc Milwaukee, WI | $7,083,434 | $6,157,567 |
Apple Tree Childrens Center Inc Sioux Falls, SD | $1,444,278 | $5,832,493 |
Wisconsin Youth Company Inc Madison, WI | $3,766,489 | $5,762,746 |
Ebenezer Child Care Centers Inc West Allis, WI | $4,255,096 | $4,885,385 |
Milestones Programs For Children Inc Milwaukee, WI | $3,473,395 | $4,940,106 |
Community United Child Care Centers Inc Cedar Falls, IA | $5,039,004 | $5,135,124 |
Charlie Brown Community Day Care Center Mason City, IA | $5,429,986 | $4,997,843 |