Civic Intelligence

Bloom Early Learning

990 • Fiscal year 2021 • EIN 41-1939043

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 11, 2022

17805 County Road 6Plymouth, MN 55447

(763) 449-0600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

52nd percentile

14%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$82,105

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

58th percentile

13%

Faster asset growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

36%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,049,278

Up $123,519 (+13%) from 2020

Net Assets

Up

$981,623

Up $323,534 (+49%) from 2020

Liabilities

Down

$67,655

Down $200,015 (-75%) from 2020

Revenue

Up

$2,343,681

Up $626,449 (+36%) from 2020

Expenses

Up

$2,020,147

Up $227,445 (+13%) from 2020

Net Income

Up

$323,534

Up $399,004 (+529%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $239,201Liabilities 2011: $8,736Net Assets 2011: $230,4652011Assets 2012: $270,578Liabilities 2012: $3,899Net Assets 2012: $266,6792012Assets 2013: $293,096Liabilities 2013: $6,504Net Assets 2013: $286,5922013Assets 2014: $312,744Liabilities 2014: $5,218Net Assets 2014: $307,5262014Assets 2015: $309,635Liabilities 2015: $19,276Net Assets 2015: $290,3592015Assets 2016: $316,890Liabilities 2016: $26,700Net Assets 2016: $290,1902016Assets 2017: $540,625Liabilities 2017: $32,693Net Assets 2017: $507,9322017Assets 2018: $885,884Liabilities 2018: $36,614Net Assets 2018: $849,2702018Assets 2019: $808,420Liabilities 2019: $46,861Net Assets 2019: $761,5592019Assets 2020: $925,759Liabilities 2020: $267,670Net Assets 2020: $658,0892020Assets 2021: $1,049,278Liabilities 2021: $67,655Net Assets 2021: $981,6232021Assets 2022: $1,068,071Liabilities 2022: $128,463Net Assets 2022: $939,6082022Assets 2023: $1,216,076Liabilities 2023: $172,168Net Assets 2023: $1,043,9082023Assets 2024: $1,200,958Liabilities 2024: $168,297Net Assets 2024: $1,032,6612024

Highlighted filing

2021

Assets$1,049,278
Liabilities$67,655
Net Assets$981,623

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $714,217Expenses 2011: $635,504Net Income 2011: $78,7132011Revenue 2012: $693,778Expenses 2012: $657,564Net Income 2012: $36,2142012Revenue 2013: $693,427Expenses 2013: $673,514Net Income 2013: $19,9132013Revenue 2014: $699,439Expenses 2014: $678,505Net Income 2014: $20,9342014Revenue 2015: $849,819Expenses 2015: $866,986Net Income 2015: -$17,1672015Revenue 2016: $1,065,302Expenses 2016: $1,061,471Net Income 2016: $3,8312016Revenue 2017: $1,367,011Expenses 2017: $1,149,269Net Income 2017: $217,7422017Revenue 2018: $1,606,807Expenses 2018: $1,265,469Net Income 2018: $341,3382018Revenue 2019: $1,588,992Expenses 2019: $1,676,703Net Income 2019: -$87,7112019Revenue 2020: $1,717,232Expenses 2020: $1,792,702Net Income 2020: -$75,4702020Revenue 2021: $2,343,681Expenses 2021: $2,020,147Net Income 2021: $323,5342021Revenue 2022: $2,258,354Expenses 2022: $2,301,327Net Income 2022: -$42,9732022Revenue 2023: $2,597,371Expenses 2023: $2,508,912Net Income 2023: $88,4592023Revenue 2024: $2,807,558Expenses 2024: $2,830,926Net Income 2024: -$23,3682024

Highlighted filing

2021

Revenue$2,343,681
Expenses$2,020,147
Net Income$323,534
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 11, 2022
Return Version
2021v4.0
Gross Receipts
$2,384,143
Mission and Program Overview

Mission

Bloom passionately strives to break the cycle of poverty at the start through nurturing care and an exceptional early learning program. We prepare young children for success in school and enable their parents to pursue educational and employment opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$178,627$375,877▲ $197,250
Savings and Temporary Cash Investments$361,284$361,430▲ $146
Land, Buildings, and Equipment, Net$243,351$214,431▼ $28,920
Accounts Receivable$90,588$41,333▼ $49,255
Pledges and Grants Receivable$46,703$35,602▼ $11,101
Prepaid Expenses and Deferred Charges$5,206$20,605▲ $15,399
Total Assets$925,759$1,049,278▲ $123,519
Liabilities
Accounts Payable and Accrued Expenses$47,070$48,455▲ $1,385
Deferred Revenue$220,600$19,200▼ $201,400
Total Liabilities$267,670$67,655▼ $200,015
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$531,369$818,903▲ $287,534
Net Assets With Donor Restrictions$126,720$162,720▲ $36,000
Total Net Assets Fund Balance$658,089$981,623▲ $323,534
Total Liabilities and Net Assets / Fund Balance$925,759$1,049,278▲ $123,519

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$195,294$78,657$273,951
Equipment$19,137$61,672$80,809

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$95,720---$95,720
2020$46,345$49,375--$95,720
2019$23,345$23,000--$46,345
2018-$23,345--$23,345
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa MuslinerExecutive DiFT$73,172$8,933$82,105

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$950,998
Program Service Revenue
$1,432,999
Investment Income
$146
Other Revenue
$-40,462
All Other Contributions
$389,073
Change in Net Assets
$323,534

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,343,681
Revenue Not Reported on Form 990
$78,230
Total Revenue per Audited Statements
$2,421,911
Total Revenue per Form 990
$2,343,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,422,148
Other Expenses$313,916
Grants and Similar Amounts Paid$284,083
Total Fundraising Expense$92,591
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,011,132$30,841$12,985$1,054,958
Grants to Domestic Individuals$284,083--$284,083
Other Employee Benefits$189,955$4,033$9,274$203,262
Payroll Taxes$81,825$3,406$5,603$90,834
Current Officers, Directors, Trustees, and Key Employees$3,655$10,964$58,475$73,094
Fees for Services Accounting-$50,594-$50,594
Office Expenses$32,248$9,695$3,470$45,413
Other Expenses$36,537$3,120$1,231$39,657
Depreciation Depletion$28,484$349$87$28,920
Insurance$9,830$1,107$310$11,247
Occupancy$7,039$103-$7,142
Fees for Services Other$2,228-$1,156$3,384
Total Functional Expenses$1,811,883$115,673$92,591$2,020,147

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,098,377
Expenses per Audited Statements$2,020,147
Total Expenses per Form 990$2,020,147
Expenses Not Reported on Form 990$78,230
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$40,462
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$173,322-$40,462-
Total Events$173,322-$40,462$-40,462
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 and related schedules are submitted in draft form to the executive committee, finance committee and board of directors for review and approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

ANNUAL DISCLOSURE FORM

Form 990, Page 6, Part VI, Line 15A

Management salary approved by board of directors during annual budget review and approval.

Form 990, Page 6, Part VI, Line 15B

Staff salary approved by board of directors during annual budget review and approval.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are made available to the public through written request.

Filing and Contact Details

Filer

Filer Name
Bloom Early Learning
EIN
41-1939043
Phone
7634490600
Address
17805 COUNTY ROAD 6, PLYMOUTH, MN 55447

Signing Officer

Name
Alysa Gardino
Title
Chair
Phone
7634490600
Signed
2022-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alysa Gardino
Formed
1998
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
56
Volunteers
52

Preparer

Firm
La Fayette & Plath Ltd
Address
6625 LYNDALE AVE S STE 516, MINNEAPOLIS, MN 55423-2396
Preparer
Roger D Plath
Phone
6128618366
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Bloom passionately strives to break the cycle of poverty at the start through nurturing care and an exceptional early learning program. We prepare young children for success in school and enable their parents to pursue educational and employment opportunities.

Form 990, Page 1, Part I, Line 6

Bloom benefits from the support of many community partners. We partner with the wayzata high school y. E. S. (youth extending service) program in which high school juniors and seniors commit to volunteering in the classrooms several days each week. Several adult volunteers commit to reading with the children once a week for a full school year. Other adults rock babies in our infant classrooms. Because of covid-19, we suspended all in-center volunteering through the 2021 year. Volunteers who are not board members sit on bloom committees, including finance, marketing & development, friends of bloom, and strategic planning. Other volunteers make quilts for our children and help stock our foodshelves.

Form 990, Page 2, Part III, Line 4A

Bloom's goal is to dedicate half our capacity to low-income families who otherwise could not afford high quality childcare and early learning programs. Our shirley robinson scholarship fund provides tuition assistance to these families. We also help our qualifying families access government resources and other community support. Confident in their child(ren)'s care, our parents go to work or school to build greater financial stability for their families. With our proven infant through pre-k curriculum, exceptional teaching staff, low child-to-adult ratio and nurturing environment, we prepare all our children for success in school and beyond. We are accredited by the national association for the education of young children. Bloom served 88 children in 2021 and 33 received tuition assistance(25 messiah, 8 ppc). The shirley robinson scholarship fund supported 33 children.

Form 990, Part XI, Line 9

Fundraising events 40,462 fundraising expenses -40,462

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Earnings on corpus to be used for tuition scholarships.

Schedule D, Page 3, Part X

The organization is a non-profit organization exempt from federal income tax under section 501(c)(3) of the internal revenue code and is classified by the internal revenue service as other than a private foundation. Accordingly, no provision for income taxes is included in the accompanying financial statements. For federal income tax purposes, the organization's tax returns essentially remain open for possible examination for a period of three years after the respective filing deadlines of those returns.

Schedule D, Page 4, Part XI, Line 2D

Fundraising events 40,462

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses 40,462

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MissionDesc0BLOOM PASSIONATELY STRIVES TO BREAK THE CYCLE OF POVERTY AT THE START THROUGH NURTURING CARE AND AN EXCEPTIONAL EARLY LEARNING PROGRAM. WE PREPARE YOUNG CHILDREN FOR SUCCESS IN SCHOOL AND ENABLE THEIR PARENTS TO PURSUE EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 0
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IRS990ScheduleD/DonatedServicesUseFcltsAmt037768

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.17$1.03$2.81$2.83$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.17$1.04$2.60$2.51$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.13$0.94$2.26$2.30$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.07$0.98$2.34$2.02$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.27$0.66$1.72$1.79$0.08
2019Summary only. Only limited summary data is available for this year.$0.81$0.05$0.76$1.59$1.68$0.09
2018Summary only. Only limited summary data is available for this year.$0.89$0.04$0.85$1.61$1.27$0.34
2017Summary only. Only limited summary data is available for this year.$0.54$0.03$0.51$1.37$1.15$0.22
2016Summary only. Only limited summary data is available for this year.$0.32$0.03$0.29$1.07$1.06$0.00
2015Summary only. Only limited summary data is available for this year.$0.31$0.02$0.29$0.85$0.87$0.02
2014Summary only. Only limited summary data is available for this year.$0.31$0.01$0.31$0.70$0.68$0.02
2013Summary only. Only limited summary data is available for this year.$0.29$0.01$0.29$0.69$0.67$0.02
2012Summary only. Only limited summary data is available for this year.$0.27$0.00$0.27$0.69$0.66$0.04
2011Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$0.71$0.64$0.08