Civic Intelligence

Way to Grow

990 • Fiscal year 2019 • EIN 71-0956749

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 04, 2020

201 Irving Ave N Suite 100Minneapolis, MN 55405

(612) 874-4743

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.32x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.35x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

80th percentile

23%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

87th percentile

$174,919

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

95th percentile

98%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

6.7%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,159,537

Up $2,054,871 (+98%) from 2018

Net Assets

Up

$2,840,406

Up $861,616 (+44%) from 2018

Liabilities

Up

$1,319,131

Up $1,193,255 (+948%) from 2018

Revenue

Up

$3,744,607

Up $233,797 (+6.7%) from 2018

Expenses

Up

$2,882,991

Up $104,443 (+3.8%) from 2018

Net Income

Up

$861,616

Up $129,354 (+18%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $515,575Liabilities 2010: $223,869Net Assets 2010: $291,7062010Assets 2013: $1,169,407Liabilities 2013: $115,168Net Assets 2013: $1,054,2392013Assets 2015: $1,347,319Liabilities 2015: $113,800Net Assets 2015: $1,233,5192015Assets 2016: $1,151,600Liabilities 2016: $95,724Net Assets 2016: $1,055,8762016Assets 2017: $1,339,864Liabilities 2017: $93,336Net Assets 2017: $1,246,5282017Assets 2018: $2,104,666Liabilities 2018: $125,876Net Assets 2018: $1,978,7902018Assets 2019: $4,159,537Liabilities 2019: $1,319,131Net Assets 2019: $2,840,4062019Assets 2021: $5,245,632Liabilities 2021: $1,141,759Net Assets 2021: $4,103,8732021

Highlighted filing

2019

Assets$4,159,537
Liabilities$1,319,131
Net Assets$2,840,406

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,093,2872010Revenue 2013: $2,653,604Expenses 2013: $2,277,869Net Income 2013: $375,7352013Revenue 2015: $2,378,863Expenses 2015: $2,377,043Net Income 2015: $1,8202015Revenue 2016: $2,288,129Expenses 2016: $2,465,772Net Income 2016: -$177,6432016Revenue 2017: $2,673,297Expenses 2017: $2,482,645Net Income 2017: $190,6522017Revenue 2018: $3,510,810Expenses 2018: $2,778,548Net Income 2018: $732,2622018Revenue 2019: $3,744,607Expenses 2019: $2,882,991Net Income 2019: $861,6162019Revenue 2021: $3,493,274Expenses 2021: $3,163,393Net Income 2021: $329,8812021

Highlighted filing

2019

Revenue$3,744,607
Expenses$2,882,991
Net Income$861,616
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 4, 2020
Return Version
2019v5.0
Gross Receipts
$3,862,631
Mission and Program Overview

Mission

Help diverse families prepare children for school success.

Working closely with parents and communities, we ensure that children within the most isolated families are born healthy, stay healthy, and are prepared for school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,156,082$1,214,112▲ $58,030
Pledges and Grants Receivable$393,611$813,609▲ $419,998
Land, Buildings, and Equipment, Net$24,747$381,983▲ $357,236
Cash and Non-Interest-Bearing Accounts$242,701$304,114▲ $61,413
Accounts Receivable$179,049$237,712▲ $58,663
Prepaid Expenses and Deferred Charges$51,861$86,254▲ $34,393
Total Assets$2,104,666$4,159,537▲ $2,054,871
Other Assets Total$56,615$1,121,753▲ $1,065,138
Liabilities
Other Liabilities$92,990$1,274,648▲ $1,181,658
Accounts Payable and Accrued Expenses$32,886$44,483▲ $11,597
Total Liabilities$125,876$1,319,131▲ $1,193,255
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,412,957$1,506,149▲ $93,192
Net Assets With Donor Restrictions$565,833$1,334,257▲ $768,424
Total Net Assets Fund Balance$1,978,790$2,840,406▲ $861,616
Total Liabilities and Net Assets / Fund Balance$2,104,666$4,159,537▲ $2,054,871

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$381,983$238,259$620,242
Other Assets Org$22,854--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carolyn SmallwoodCEOFT$174,919$174,919
Revenue and Support

Revenue Composition

Contributions and Grants
$2,436,463
Program Service Revenue
$1,278,176
Investment Income
$20,109
Other Revenue
$9,859
All Other Contributions
$2,085,661
Change in Net Assets
$861,616

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,744,607
Total Revenue per Audited Statements
$3,744,607
Total Revenue per Form 990
$3,744,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,127,355
Other Expenses$672,641
Total Fundraising Expense$566,512
Professional Fundraising Fees$82,995
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,289,855$179,643$324,454$1,793,952
All Other Expenses$141,147$12,058$42,376$195,581
Other Employee Benefits$156,078$1,182$29,697$186,957
Payroll Taxes$106,890$13,855$25,701$146,446
Fees for Services Professional Fundraising--$82,995$82,995
Depreciation Depletion$32,208$4,486$8,102$44,796
Other Expenses$38,748$21,439$38,001$38,748
Travel$22,597$729$4,192$27,518
Insurance$11,978$1,668$3,013$16,659
Conferences and Meetings$2,543$3,460$7,981$13,984
Fees for Services Accounting-$13,200-$13,200
Advertising$3,010--$3,010
Fees for Services Legal-$825-$825
Total Functional Expenses$2,063,934$252,545$566,512$2,882,991

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,882,991
Total Expenses per Audited Statements$2,882,991
Total Expenses per Form 990$2,882,991
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$127,883
Fundraising Direct Expenses$118,024
Professional Fundraising Fees$82,995

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$478,685$127,883$43,702$84,181
Total Events$478,685$127,883$118,024$9,859
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Portion of Lt Debt$1,176,982
Accrued Salaries$54,540
Accrued Vacation$43,126
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

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

A copy of this return is reviewed by the finance committee of the board of directors. Then it is distributed to the board of directors for review and discussion. After the board of directors has reviewed the document, it is filed.

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

Way to grow monitors and enforces the conflict of interest policy annually.

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

The executive committee of the way to grow board of directors uses a process for determining compensation for the ceo that included all of the following elements: review and approval by the executive committee of the board of directors, the members of which are independent and without a conflict of interest as defined in regulation section 53.4958-6(c)(1)(iii), use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations, contemporaneous documentation, substantiation and recordkeeping with respect to deliberations and decisions regarding the compensation arrangement the above described process and an assessment is performed at least annually for the ceo. The executive committee reviews and approves all compensation changes of the ceo in advance of the change.

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

All employees, key or otherwise are given a performance review annually and any salary adjustments are based on a formula within the review format. The performance review is given by their supervisor & approved by the executive director. The director's receive reviews by the executive director, and the executive directors receives her review by the board.

Form 990, Page 6, Part VI, Line 19

All governing documents of the organization, including federal form 990, conflict of interest policy and financial statements can be reviewed by contacting: way to grow at 201 irving ave n, suite 100, minneapolis, mn 55405.

Filing and Contact Details

Filer

Filer Name
Way to Grow
EIN
71-0956749
Phone
6128744743
Address
201 IRVING AVE N SUITE 100, MINNEAPOLIS, MN 55405

Signing Officer

Name
Carolyn Smallwood
Title
CEO
Phone
6128744743
Signed
2020-06-04

Organization Details

Principal Officer
Carolyn Smallwood
Voting Board Members
26
Independent Board Members
26
Employees
47
Volunteers
161

Preparer

Firm
Hinrichs & Associates Ltd
Address
1000 SHELARD PKWY STE 110, MINNEAPOLIS, MN 55426
Preparer
Anthony J Hinrichs
Phone
9525428010
Supplemental Narrative

Additional Explanations

Form 990

While the 990 form information requires way to grow to show revenue of 3.7 million and income of 861,000 this is a combination of both restricted and unrestricted funds. The restricted funds are 786,000 and mainly represent capital campaign funds for future growth and operations and for endowment funds.

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

Way to grow has been working with communities to address disparities in education in minneapolis for 30 years. Since our founding in 1989, we have sought to reverse negative educational trends by building trusted, community-based supports for parents and their children. We formalized our health education program in 2005, launched a formal teen parent program in 2006, opened our nationally accredited, 4-star parent aware-rated preschool pals program in 2007, and in 2009, launched great by 8, which is now the cornerstone of our work. Great by 8 expanded our effective and statistically proven home visiting model to include children from kindergarten through third grade, in partnership with over 40 minneapolis public schools. In 2014, we opened a parent-child program for preschool- aged children and their families, parent child activities lead to school readiness (p.a.l.s.), which received 4-star parent aware accreditation in 2017. Both of way to grow's preschools are accredited by the national association for the education of young children (naeyc). In 2016 we launched an onsite hub for early childhood, elementary, and parent engagement programming at the lucy c. Laney community school in north minneapolis. Our innovative home visiting model has proven to be successful and scalable: in 2019, we provided 8,412 home visits to 1,737 individuals, including 980 children and 757 adults. Way to grow continues to develop outcome-based, year-round, culture-to- culture, language-to-language programming to best serve our clients. Way to grow's home visiting staff is collectively fluent in seven languages and culturally reflects the children and families we serve. Programming is implemented primarily through home visits, and we educate families on literacy development, math, health and nutrition. Our holistic, innovative approach begins with the parents to stabilize their family and connect them to basic needs services so that families can achieve success in our other program areas. Way to grow is succeeding in stabilizing the homes of disadvantaged families and working intensively with families to overcome their challenges and focus on their children's education. Our families are demonstrating strong results. In 2019, 87% of early education students enrolled in our programming were ready for kindergarten, and 92% of k-3 students demonstrated growth in reading level assessments. As a result of our programming, 98% of parents attended at least one of their children's parent-teacher conferences, and 98% of children attended school 90% of the time during the 2018-2019 school year. 96% of teen parents did not have a repeat pregnancy.

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IRS990/Desc0WAY TO GROW HAS BEEN WORKING WITH COMMUNITIES TO ADDRESS DISPARITIES IN EDUCATION IN MINNEAPOLIS FOR 30 YEARS. SINCE OUR FOUNDING IN 1989, WE HAVE SOUGHT TO REVERSE NEGATIVE EDUCATIONAL TRENDS BY BUILDING TRUSTED, COMMUNITY-BASED SUPPORTS FOR PARENTS AND THEIR CHILDREN. WE FORMALIZED OUR HEALTH EDUCATION PROGRAM IN 2005, LAUNCHED A FORMAL TEEN PARENT PROGRAM IN 2006, OPENED OUR NATIONALLY ACCREDITED, 4-STAR PARENT AWARE-RATED PRESCHOOL PALS PROGRAM IN 2007, AND IN 2009, LAUNCHED GREAT BY 8, WHICH IS NOW THE CORNERSTONE OF OUR WORK. GREAT BY 8 EXPANDED OUR EFFECTIVE AND STATISTICALLY PROVEN HOME VISITING MODEL TO INCLUDE CHILDREN FROM KINDERGARTEN THROUGH THIRD GRADE, IN PARTNERSHIP WITH OVER 40 MINNEAPOLIS PUBLIC SCHOOLS. IN 2014, WE OPENED A PARENT-CHILD PROGRAM FOR PRESCHOOL- AGED CHILDREN AND THEIR FAMILIES, PARENT CHILD ACTIVITIES LEAD TO SCHOOL READINESS (P.A.L.S.), WHICH RECEIVED 4-STAR PARENT AWARE ACCREDITATION IN 2017. BOTH OF WAY TO GROW'S PRESCHOOLS ARE ACCREDITED BY THE NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC). IN 2016 WE LAUNCHED AN ONSITE HUB FOR EARLY CHILDHOOD, ELEMENTARY, AND PARENT ENGAGEMENT PROGRAMMING AT THE LUCY C. LANEY COMMUNITY SCHOOL IN NORTH MINNEAPOLIS. OUR INNOVATIVE HOME VISITING MODEL HAS PROVEN TO BE SUCCESSFUL AND SCALABLE: IN 2019, WE PROVIDED 8,412 HOME VISITS TO 1,737 INDIVIDUALS, INCLUDING 980 CHILDREN AND 757 ADULTS. WAY TO GROW CONTINUES TO DEVELOP OUTCOME-BASED, YEAR-ROUND, CULTURE-TO- CULTURE, LANGUAGE-TO-LANGUAGE PROGRAMMING TO BEST SERVE OUR CLIENTS. WAY TO GROW'S HOME VISITING STAFF IS COLLECTIVELY FLUENT IN SEVEN LANGUAGES AND CULTURALLY REFLECTS THE CHILDREN AND FAMILIES WE SERVE. PROGRAMMING IS IMPLEMENTED PRIMARILY THROUGH HOME VISITS, AND WE EDUCATE FAMILIES ON LITERACY DEVELOPMENT, MATH, HEALTH AND NUTRITION. OUR HOLISTIC, INNOVATIVE APPROACH BEGINS WITH THE PARENTS TO STABILIZE THEIR FAMILY AND CONNECT THEM TO BASIC NEEDS SERVICES SO THAT FAMILIES CAN ACHIEVE SUCCESS IN OUR OTHER PROGRAM AREAS. WAY TO GROW IS SUCCEEDING IN STABILIZING THE HOMES OF DISADVANTAGED FAMILIES AND WORKING INTENSIVELY WITH FAMILIES TO OVERCOME THEIR CHALLENGES AND FOCUS ON THEIR CHILDREN'S EDUCATION. OUR FAMILIES ARE DEMONSTRATING STRONG RESULTS. IN 2019, 87% OF EARLY EDUCATION STUDENTS ENROLLED IN OUR PROGRAMMING WERE READY FOR KINDERGARTEN, AND 92% OF K-3 STUDENTS DEMONSTRATED GROWTH IN READING LEVEL ASSESSMENTS. AS A RESULT OF OUR PROGRAMMING, 98% OF PARENTS ATTENDED AT LEAST ONE OF THEIR CHILDREN'S PARENT-TEACHER CONFERENCES, AND 98% OF CHILDREN ATTENDED SCHOOL 90% OF THE TIME DURING THE 2018-2019 SCHOOL YEAR. 96% OF TEEN PARENTS DID NOT HAVE A REPEAT PREGNANCY.
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Filings

Peer Organizations

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