2024-11-13T12:01:42-07:00 2023-12-31 271375413 BWK Rogers PC 431 South 7th Street Suite 2424 Minneapolis MN 55415 990 2023-01-01 410958652 LACRECHE EARLY CHILDHOOD CENTERS INC LACR 6123771786 1800 Olson Memorial Highway Minneapolis MN 55411 Phyllis Sloan Executive Director 6123771786 2024-11-13 1 1 Melissa J Baraibar P02464922 6123325446 2024-11-13 2023 2024-10-15 13:58:12Z Phyllis Sloan 1800 Olson Memorial Highway Minneapolis MN 55411 1892553 0 X www.lacrechekids.org X 1969 MN As an early care and education center, our mission is to move children from a level of dependence to a level of independence. We provide a variety of experiences and encourage self-respect, self-reliance, self-initiated activities and a sense of responsibility for one's actions. In order to provide an atmosphere for educational growth, our curriculum emphasizes positive self-identity, cognitive skills, language arts, and small gross motor skills. Our facilities are clean, bright, cheerful, safe and fully equipped to stimulate each child's creativity. We stress the total enrichment and depth of experience of each child. Children are encouraged to develop a sense of "self" as "learner", to ask questions, to observe, and to search for answers. 2 2 31 17 0 0 108364 131135 1390959 1678287 641 3627 10000 79504 1509964 1892553 0 0 0 0 827296 923758 0 0 0 707956 799606 1535252 1723364 -25288 169189 884048 1067713 59521 73997 824527 993716 To operate daycare service programs for children up to 12 years of age in low to moderate income families. 0 0 1280868 0 1678692 To provide childcare services for low to moderate income families, ages 6 weeks to 12 years old, and to promote school readiness by assisting parents in meeting the developmental needs of their children. 0 0 0 1280868 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 18 0 1 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X The Organization 6123771786 1800 Olson Memorial Highway Minneapolis MN 55411 Phyllis Sloan Executive Director 40 0 X 108345 0 10292 Jo Wanner Accountant 17 0 X 43776 0 0 Gretchen Hengemuhle Board Chair 1 0 X X 0 0 0 Cal Christensen Board Treasurer 1 0 X X 0 0 0 152121 0 10292 1 0 0 0 0 0 0 0 0 119194 11941 0 131135 Childcare Fees 624410 1669487 1669487 0 0 Parent Fees 624410 8800 8800 0 0 0 0 0 0 1678287 3627 0 0 3627 0 0 0 0 0 0 0 0 10000 0 0 0 10000 0 10000 10000 0 0 0 0 0 Insurance Proceeds 525190 69459 0 0 69459 Miscellanous 900099 45 45 0 0 0 0 0 0 69504 1892553 1688332 0 73086 162413 0 162413 0 639200 557881 81319 0 3696 2070 1626 0 53524 45526 7998 0 64925 45772 19153 0 24530 0 24530 0 172316 140640 31676 0 1714 0 1714 0 165459 127255 38204 0 183644 146916 36728 0 93841 79543 14298 0 47216 47216 0 0 47841 38273 9568 0 21379 17968 3411 0 Education Expenses 31808 31808 0 0 Gifts 6713 0 6713 0 Dues & Subscriptions 3095 0 3095 0 50 0 50 0 1723364 1280868 442496 0 247473 17001 221570 451651 10000 4667 91227 253093 15788 17785 1581525 1258462 295306 323063 2684 453 884048 1067713 56837 73544 0 0 2684 453 59521 73997 X 824527 993716 0 0 824527 993716 884048 1067713 169189 X 0 1 X 1 0 X 4424 102200 433629 108364 131135 779752 1544580 1126415 1147142 1390959 1678287 6887383 1549004 1228615 1580771 1499323 1809422 7667135 7667135 10526 10622 10558 10641 3627 45974 10526 10622 10558 10641 3627 45974 82 762 0 0 45 889 1559612 1239999 1591329 1509964 1813094 7713998 0.99392 0.99310 0.00596 0.00677 X Schedule A, Part III, Line 12 Other Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 85500 85500 0 1310881 1127726 183155 0 0 0 0 0 185144 130736 54408 0 0 0 0 323063 0 Lease Liability - Operating Leases 453 453 X 1892553 0 0 0 0 0 1892553 0 0 0 1892553 1723364 0 0 0 0 0 1723364 0 0 0 1723364 Schedule D, Part X, Line 2 The Organization's activities are generally exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Since the Organization is exempt from federal and state income tax liability, no provision is made for current or deferred income tax expense. The Organization is not a private foundation. Management has determined that the Organization is not subject to unrelated business income tax. Management is not aware of any transactions that would impact the Organization's tax-exempt status. The Organization follows the guidance of the Accounting Standard Codification (ASC) 740, Accounting for Income Taxes, related to uncertainties in income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of positions taken or expected to be taken in a tax return. For the years ended December 31, 2023 and 2022, management of the Organization is not aware of any material uncertain tax positions. All tax-exempt entities are subject to review and audit by federal, state and other applicable agencies. Such agencies may review the taxability of unrelated business income, or the qualification of the tax-exempt entity under the Internal Revenue Code and applicable state statutes. For federal tax purposes, the tax returns remain open for possible examination for a period of three years after the respective filing deadlines of those returns. Denise Sloan Dixon Family member of Phyllis 97362 Compensation 0 Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Board of Directors. Once approved by the Board, the 990 is signed by the Executive Director. Form 990, Part VI, Section B, Line 12c The Organization reviews all statements of disclosure annually and has procedures in place to monitor and address all possible conflicts of interest as indicated during the hiring and/or election process of officers, directors, trustees, and key employees. Individuals must sign documents which disclose any possible conflict of interest. If a conflict of interest has been identified, the Board will decide if it is in the best interest of the Organization to continue or terminate the business arrangement. Form 990, Part VI, Section B, Line 15 The process for determining the compensation for the CEO, Executive Director, and top management includes comparability data, review, and approval by the executive committee of the board and/or respective supervisor of the Organization. Form 990, Part VI, Section C, Line 19 The Organization's governing documents, conflict of interest policy, and the financial statements are made available to the public upon request.