Good News Childrens Center Inc
- Assets
- $382.0k
- Revenue
- $969.7k
- Investments
- $0.0
- Employees
- 30
- Location
- Rochester, MN
- Founding
- 11/2001
- Data as of
- 12/2021
- 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 12/2021, Good News Childrens Center Inc employed 30 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 12/2021, Good News Childrens Center Inc generated $969.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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
GOOD NEWS CHILDREN'S CENTER PROVIDES QUALITY CHILDCARE TO SOUTHEAST MINNESOTA FAMILIES, IN A SAFE ENVIRONMENT THAT PROMOTES LIFE-LONG LEARNING SKILLS THROUGH DEVELOPMENTALLY APPROPRIATE AND ACTIVE LEARNING.
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 | $58,787 | |
Chris Coon Chair | OfficerTrustee | 4 | $0 |
Thomas Garside Vice Chair | OfficerTrustee | 4 | $0 |
Laura Meiners Secretary | OfficerTrustee | 4 | $0 |
Dana Hertzfeldt Treasurer | OfficerTrustee | 4 | $0 |
Karl Erickson Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $33,170 |
| Membership dues | $0 |
| Fundraising events | $162 |
| Related organizations | $0 |
| Government grants | $81,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,609 |
| Total Program Service Revenue | $851,954 |
| Investment income | $178 |
| 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 | $969,741 |
| 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. | $69,188 |
| Compensation of current officers, directors, key employees. | $55,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,149 |
| Payroll taxes | $51,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,992 |
| Advertising and promotion | $2,319 |
| Office expenses | $5,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,248 |
| 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 | $341 |
| Insurance | $6,671 |
| All other expenses | $9,094 |
| Total functional expenses | $1,046,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,443 |
| Savings and temporary cash investments | $320,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,730 |
| 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 | $6,582 |
| Net Land, buildings, and equipment | $316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,996 |
| Accounts payable and accrued expenses | $45,529 |
| Grants payable | $0 |
| Deferred revenue | $10,083 |
| 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 | $55,612 |
| Net assets without donor restrictions | $326,384 |
| 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 | $381,996 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Good News Childrens Center Inc has recieved totaling $27,483.
| Awarding Organization | Amount |
|---|---|
United Way Of Olmsted County Inc Rochester, MN PURPOSE: PROGRAM AWARD AND DESIGNATIONS | $27,456 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Community Coordinated Child Care Madison, WI | $2,495,159 | $4,171,483 |
Woods Hollow Childrens Center Inc Fitchburg, WI | $5,770,890 | $3,066,449 |