Civic Intelligence

Raindrop Early Learning Center

990 • Fiscal year 2022 • EIN 47-3346389

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 25, 2023

Organization ProfileRAINDROPELC.ORG
2050 E 93rd StreetChicago, IL 60617

(773) 913-2555

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.18x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

36th percentile

-2.4%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$53,600

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.6% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

49th percentile

0.5%

Faster asset growth than 49% of similar nonprofits.

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

Revenue Growth

57th percentile

18%

Faster revenue growth than 57% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$58,974

Up $289 (+0.5%) from 2021

Net Assets

Down

$48,461

Down $8,133 (-14%) from 2021

Liabilities

Up

$10,513

Up $8,422 (+403%) from 2021

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin36th percentile

Revenue

Up

$344,214

Up $53,100 (+18%) from 2021

Expenses

Up

$352,346

Up $110,481 (+46%) from 2021

Net Income

Down

-$8,132

Down $57,381 (-117%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$100K$50K$0Assets 2020: $16,061Liabilities 2020: $8,715Net Assets 2020: $7,3462020Assets 2021: $58,685Liabilities 2021: $2,091Net Assets 2021: $56,5942021Assets 2022: $58,974Liabilities 2022: $10,513Net Assets 2022: $48,4612022Assets 2023: $95,866Liabilities 2023: $7,883Net Assets 2023: $87,9832023

Highlighted filing

2022

Assets$58,974
Liabilities$10,513
Net Assets$48,461
Open 2022 Filing

Operations Trend

Revenue Growth57th percentile

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

$600K$400K$200K$0-$200KRevenue 2020: $165,627Expenses 2020: $143,919Net Income 2020: $21,7082020Revenue 2021: $291,114Expenses 2021: $241,865Net Income 2021: $49,2492021Revenue 2022: $344,214Expenses 2022: $352,346Net Income 2022: -$8,1322022Revenue 2023: $508,778Expenses 2023: $452,792Net Income 2023: $55,9862023

Highlighted filing

2022

Revenue$344,214
Expenses$352,346
Net Income-$8,132
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 25, 2023
Return Version
2022v5.0
Gross Receipts
$344,214
Mission and Program Overview

Mission

To provide early childhood education to children with a preschool program and kindergarden program imparting values such as creativity, self-reliance, compassion, and respect for diversity.

To provide early childhood day care to children ages six weeks to twelve years old imparting values such as creativity, self-reliance, compassion, and respect for diversity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$34,685$32,974▼ $1,711
Pledges and Grants Receivable$24,000$26,000▲ $2,000
Total Assets$58,685$58,974▲ $289
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$8,960▲ $8,960
Accounts Payable and Accrued Expenses$2,091$1,553▼ $538
Total Liabilities$2,091$10,513▲ $8,422
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$56,594$48,461▼ $8,133
Total Net Assets Fund Balance$56,594$48,461▼ $8,133
Total Liabilities and Net Assets / Fund Balance$58,685$58,974▲ $289
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Monique WilliamsPresident/executive DirectFT$53,600$53,600
Andrea RowellTreasurerPT$16,768$16,768

Board Members and Trustees

NameTitle
Annette MillerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$300,287
Program Service Revenue
$43,925
Investment Income
$2
Other Revenue
$0
All Other Contributions
$5,796
Change in Net Assets
$-8,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,122
Other Expenses$144,224
Total Fundraising Expense$5,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,957--$138,957
Occupancy$75,600$8,405-$84,005
Current Officers, Directors, Trustees, and Key Employees$16,080$32,160$5,360$53,600
Payroll Taxes$12,532$2,600$433$15,565
All Other Expenses$5,445$4,985-$10,430
Advertising-$7,014-$7,014
Fees for Services Accounting-$3,850-$3,850
Insurance$2,027$458$76$2,561
Other Expenses$1,833$2,116$63$2,116
Interest-$117-$117
Travel$93--$93
Total Functional Expenses$279,260$67,154$5,932$352,346
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Cw Legacy Group LLCENTITY IS OWNED 100% BY A RELATED PARTYTHE ORGANIZATION PAYS FAIR MARKET VALUE RENT ON THE PROPERTY USED FOR PROGRAMMING OWNED BY THE A RELATED PARTY OF THE ORGANIZATION OF $7,000 A MONTH.No$84,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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, Part VI, Section A, Line 2

“The board members of the center are family members of the board president and owner of the center. They are not compensated nor do they participate in the day to day operations of the organization. There were no business transactions with either family member.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the executive director and officers of the board of directors before being filed.”

Form 990, Part VI, Section B, Line 12C

“The organization has a conflict of interest policy which is monitored annually.”

Form 990, Part VI, Section C, Line 18

“Form 990 is available for inspection upon request at the office.”

Form 990, Part VI, Section C, Line 19

“The organization makes it governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Raindrop Early Learning Center
EIN
47-3346389
Phone
7739132555
Address
2050 E 93RD STREET, CHICAGO, IL 60617

Signing Officer

Name
Monique Williams
Title
Executive Director
Phone
7739132555
Signed
2023-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monique Williams
Formed
2013
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
14
Volunteers
0

Preparer

Firm
Hegre Mcmahon & Schimmel LLC
Address
600 ENTERPRISE DRIVE STE 109, OAK BROOK, IL 60523
Preparer
Steven Lombardo
Phone
3123456200
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND OFFICERS OF THE BOARD OF DIRECTORS BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS MONITORED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS AVAILABLE FOR INSPECTION UPON REQUEST AT THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt058685
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt058974
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt093
IRS990/TravelGrp/TotalAmt093
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0RAINDROPELC.ORG
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MONIQUE WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07739132555
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAINDROP EARLY LEARNING CENTER
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ReturnHeader/Filer/PhoneNum07739132555
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453950334
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HEGRE MCMAHON & SCHIMMEL LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 ENTERPRISE DRIVE STE 109
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAK BROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060523
ReturnHeader/PreparerPersonGrp/PhoneNum03123456200
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN LOMBARDO
ReturnHeader/ReturnTs02023-08-25T12:19:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MONIQUE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILLIAMS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,974
Liabilities
$10,513
Net assets
$48,461
Revenue
$344,214
Expenses
$352,346
Net income
-$8,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.08$0.88$5.09$4.53$0.56
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.11$0.48$3.44$3.52$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.57$2.91$2.42$0.49
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.09$0.07$1.66$1.44$0.22