Rise Early Learning Center
- Assets
- $1.4m
- Revenue
- $773.3k
- Investments
- $0.0
- Employees
- 12
- Location
- St Louis Park, MN
- Founding
- Data as of
- 12/2023
- EIN
- 85-1477329
Organization Overview
Rise Early Learning Center is located in St Louis Park, MN. As of 12/2023, Rise Early Learning Center employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Early Learning Center 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, Rise Early Learning Center generated $773.3k in total revenue. All expenses for the organization totaled $328.0k during the year ending 12/2023. While expenses have increased by 70.6% per year over the past 4 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 HOLISTICALLY AND EQUITABLY SUPPORT THE DEVELOPMENTAL NEEDS OF YOUNG CHILDREN FROM FAMILIES OF VARYING INCOMES, RACES, ETHNICITIES, RELIGIONS, AND CULTURES TO PROMOTE LONG-TERM SOCIAL, EMOTIONAL, AND ACADEMIC DEVELOPMENTAL SUCCESS. WE HELP CHILDREN AND FAMILIES THRIVE IN A COMMUNITY OF PROMISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NON-PROFIT ORGANIZATION HIRED INITIAL STAFF, COMPLETED LICENSURE REQUIREMENTS, AND BUILT UP AN INTEREST LIST TO PREPARE TO PROVIDE HIGH-QUALITY CHILD CARE SERVICES. ALSO, CONSTRUCTION OF THE ORGANIZATION'S PHYSICAL SITE WAS COMPLETED, AND THE NON-PROFIT MOVED IN DECEMBER 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Vos Board Chair | OfficerTrustee | 15 | $0 |
Jeff Stutzman Treasurer | OfficerTrustee | 10 | $0 |
Jason Van Hunnik Secretary | OfficerTrustee | 10 | $0 |
Jane Severson Director | Trustee | 5 | $0 |
Barry Cytron Director | Trustee | 1 | $0 |
Patrice Howard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,080 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $619,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $746,547 |
| Total Program Service Revenue | $2,348 |
| Investment income | $30,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,325 |
| 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. | $78,210 |
| Compensation of current officers, directors, key employees. | $52,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,062 |
| Payroll taxes | $15,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $31,825 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,747 |
| Advertising and promotion | $1,328 |
| Office expenses | $23,682 |
| Information technology | $2,053 |
| Royalties | $0 |
| Occupancy | $3,942 |
| 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 | $0 |
| Insurance | $1,509 |
| All other expenses | $0 |
| Total functional expenses | $328,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,560 |
| Savings and temporary cash investments | $831,117 |
| Pledges and grants receivable | $108,663 |
| 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 | $942 |
| Net Land, buildings, and equipment | $245,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $1,384,423 |
| Accounts payable and accrued expenses | $146,356 |
| 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 | $146,356 |
| Net assets without donor restrictions | $1,085,476 |
| Net assets with donor restrictions | $152,591 |
| 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 | $1,384,423 |