Civic Intelligence

Early Steps Learning Foundation

990 • Fiscal year 2022 • EIN 46-4224707

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

6122 42nd Ave NorthCrystal, MN 55422

(763) 200-2532

Siviq Scores

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

Liabilities / Assets

78th percentile

0.23x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.07x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

51st percentile

6.9%

Higher net margin than 51% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$44,830

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

93rd percentile

103%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

56%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$144,436

Up $73,208 (+103%) from 2021

Net Assets

Up

$110,670

Up $73,208 (+195%) from 2021

Liabilities

Flat

$33,766

Flat from 2021

Revenue

Up

$511,408

Up $184,389 (+56%) from 2021

Expenses

Up

$475,957

Up $172,598 (+57%) from 2021

Net Income

Up

$35,451

Up $11,791 (+50%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2017: $2,383Liabilities 2017: $14,963Net Assets 2017: -$12,5802017Assets 2018: $2,468Liabilities 2018: $14,962Net Assets 2018: -$12,4942018Assets 2019: $1,059Liabilities 2019: $13,766Net Assets 2019: -$12,7072019Assets 2020: $71,576Liabilities 2020: $33,766Net Assets 2020: $37,8102020Assets 2021: $71,228Liabilities 2021: $33,766Net Assets 2021: $37,4622021Assets 2022: $144,436Liabilities 2022: $33,766Net Assets 2022: $110,6702022Assets 2023: $101,174Liabilities 2023: $33,766Net Assets 2023: $67,4082023Assets 2024: $115,027Liabilities 2024: $25,000Net Assets 2024: $90,0272024

Highlighted filing

2022

Assets$144,436
Liabilities$33,766
Net Assets$110,670

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $111,085Expenses 2017: $123,665Net Income 2017: -$12,5802017Revenue 2018: $197,527Expenses 2018: $197,441Net Income 2018: $862018Revenue 2019: $240,615Expenses 2019: $240,828Net Income 2019: -$2132019Revenue 2020: $244,180Expenses 2020: $222,728Net Income 2020: $21,4522020Revenue 2021: $327,019Expenses 2021: $303,359Net Income 2021: $23,6602021Revenue 2022: $511,408Expenses 2022: $475,957Net Income 2022: $35,4512022Revenue 2023: $384,953Expenses 2023: $428,215Net Income 2023: -$43,2622023Revenue 2024: $466,853Expenses 2024: $450,864Net Income 2024: $15,9892024

Highlighted filing

2022

Revenue$511,408
Expenses$475,957
Net Income$35,451
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$511,408
Mission and Program Overview

Mission

Early Steps Learning Foundation provides high quality childcare to children from 16 months to 5 years of age. We emphasize on providing a safe, fun learning environment where children can explore while their growth and development is nurtured.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$61,209$131,300▲ $70,091
Rtn Earn Endowment Incm Other Fnds$37,462$110,670▲ $73,208
Land, Buildings, and Equipment, Net$3,885$7,382▲ $3,497
Cash and Non-Interest-Bearing Accounts$6,134$5,754▼ $380
Total Assets$71,228$144,436▲ $73,208
Liabilities
Unsecured Notes Loans Payable$25,000$25,000→ $0
Other Liabilities$8,766$8,766→ $0
Total Liabilities$33,766$33,766→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,462$110,670▲ $73,208
Total Liabilities and Net Assets / Fund Balance$71,228$144,436▲ $73,208

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,382$2,715-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Garshena StewartExecutive DirectorFT$44,830$44,830
Nora KellyVice ChairwomanFT$28,937$28,937
Tiffany McgeeTreasurer-$10,132$10,132

Board Members and Trustees

NameTitle
Marzell McgeeBoard Member
Mary BadySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$346,562
Investment Income
$0
Other Revenue
$164,846
Change in Net Assets
$35,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,598
Salaries, Compensation, and Employee Benefits$214,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$116,965--$116,965
Current Officers, Directors, Trustees, and Key Employees$83,899--$83,899
Occupancy$77,024--$77,024
All Other Expenses$53,260$1,300-$54,560
Advertising$21,806--$21,806
Office Expenses$21,505--$21,505
Payroll Taxes$13,495--$13,495
Information Technology$7,315--$7,315
Insurance$2,189--$2,189
Depreciation Depletion$1,518--$1,518
Other Expenses$12,716$986-$986
Total Functional Expenses$473,671$2,286$0$475,957
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Officers$8,766
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

Officer directors etc family relationship Part VI line 2

All of Early Steps Learning Foundations Board of Directors share a family relationship. Marzell McGee is the mother of Nora Kelly and Mary Bady; Garshena Stewart and Tiffany McGee are the daughters of Nora Kelly.

Form 990 governing body review Part VI line 11

The organization 990 is compiled by our accountant with the assistance of the Treasurer of Early Steps Learning Foundations. Once the 990 has been completed it is shared amongst the Board of Directors over a virtual meeting for review and open for comment prior to the approval of filing. All comments and questions are resolved prior to filing, primarily through email between all board members.

Conflict of interest policy compliance Part VI line 12C

Early Steps Learning Foundations Conflict of interest policy is viewed annually by each board member. During this time all board members collectively review each Board Members statement and discuss any questions members may have. In the event conflict shall need to be resolved, Board Members anonymously vote to reach conflict resolution. Members are bound to report any changes to their situation throughout the year. The Executive Chairperson will poll the board as to their status at annual board meetings and those results are compiled in minutes.

CEO executive director top management comp Part VI line 15A

During the organization structure of Early Steps Learning Foundation as an entity, it was agreed upon by the Governing Board of Directors that all Board Members will receive a salary upon working hourly at the onsite locatins as an employee. The Board also established that upon the growth of revenue of Early Steps Learning Foundation, the board would meet again to establish a salary for the Board of Directors according to their professional work ethic. The salary would also reflect the preferred salary of firms such as the Minnesota Council for Non-Profit.

Other officer or key employee compensation Part VI line 15B

During the organization structure of Early Steps Learning Foundation as an entity, it was agreed upon by the Governing Board of Directors that all Board Members will receive a salary upon working hourly at the onsite locations as an employee. The Board also established that upon the growth of revenue of Early Steps Learning Foundation, the board would meet again to establish a salary for the Board of Directors according to their professional work ethic. The salary would also reflect the preferred salary of firms such as the Minnesota Council for Non-Profit.

Governing documents etc available to public Part VI line 19

Form 990 is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Early Steps Learning Foundation
EIN
46-4224707
Address
6122 42ND AVE NORTH, CRYSTAL, MN 55422

Signing Officer

Name
Garshena Stewart
Title
Executive Direc
Phone
7632002532
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garshena Stewart
Formed
2016
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
11
Volunteers
2

Preparer

Firm
Dao T Nguyen CPA
Address
4011 WEST BROADWAY AVE, ROBBINSDALE, MN 55422
Preparer
Dao Nguyen CPA
Phone
7637577685
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

The Organization applied and received 2nd PPP loan in the amount of $31,327. It was forgiven as of 12/31/2021.

List of other expenses Part IX line 24E

Protective Gears: 6236;Training and Certification: 1475Weekly Cleaning: 14100Graduation Expenses: 2300Pest Control: 798Staff Expenses: 650Summer Calendar Expenses: 7284Utilities: 7282Maintenance: 7875Professional Services: 5260

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0GARSHENA STEWART
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1TIFFANY MCGEE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All of Early Steps Learning Foundations Board of Directors share a family relationship. Marzell McGee is the mother of Nora Kelly and Mary Bady; Garshena Stewart and Tiffany McGee are the daughters of Nora Kelly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization 990 is compiled by our accountant with the assistance of the Treasurer of Early Steps Learning Foundations. Once the 990 has been completed it is shared amongst the Board of Directors over a virtual meeting for review and open for comment prior to the approval of filing. All comments and questions are resolved prior to filing, primarily through email between all board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Early Steps Learning Foundations Conflict of interest policy is viewed annually by each board member. During this time all board members collectively review each Board Members statement and discuss any questions members may have. In the event conflict shall need to be resolved, Board Members anonymously vote to reach conflict resolution. Members are bound to report any changes to their situation throughout the year. The Executive Chairperson will poll the board as to their status at annual board meetings and those results are compiled in minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3During the organization structure of Early Steps Learning Foundation as an entity, it was agreed upon by the Governing Board of Directors that all Board Members will receive a salary upon working hourly at the onsite locatins as an employee. The Board also established that upon the growth of revenue of Early Steps Learning Foundation, the board would meet again to establish a salary for the Board of Directors according to their professional work ethic. The salary would also reflect the preferred salary of firms such as the Minnesota Council for Non-Profit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4During the organization structure of Early Steps Learning Foundation as an entity, it was agreed upon by the Governing Board of Directors that all Board Members will receive a salary upon working hourly at the onsite locations as an employee. The Board also established that upon the growth of revenue of Early Steps Learning Foundation, the board would meet again to establish a salary for the Board of Directors according to their professional work ethic. The salary would also reflect the preferred salary of firms such as the Minnesota Council for Non-Profit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990 is available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization applied and received 2nd PPP loan in the amount of $31,327. It was forgiven as of 12/31/2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Protective Gears: 6236;Training and Certification: 1475Weekly Cleaning: 14100Graduation Expenses: 2300Pest Control: 798Staff Expenses: 650Summer Calendar Expenses: 7284Utilities: 7282Maintenance: 7875Professional Services: 5260
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
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ReturnHeader/TaxPeriodBeginDt02022-01-01
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