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Nonprofiteer
← LETS GROW KIDS INC

Form 990 for tax year 2024

Filed by LETS GROW KIDS INC.

Totals

Total revenue
$2,719,800
Total expenses
$5,850,570
Contributions and grants received
$2,490,971
Grants paid
$1,224,683
Program service revenue
$97,441
Investment income
$131,388
Other revenue
$0
Total assets, end of year
$6,664,472
Total liabilities, end of year
$203,582
Net assets or fund balances, end of year
$6,460,890
Program services expenses (Part IX)
$4,099,596
Management and general expenses
$1,475,330
Fundraising expenses
$275,644
Program service expenses (Part III)
$4,099,596

Program services were 70.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $100,000

  • 1e · Government grants (contributions)

    $1,237,747

  • 1f · All other contributions, gifts and grants

    $1,153,224

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $97,441 · related or exempt $97,441

  • 3 · Investment income

    total $131,388 · excluded $131,388

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,224,683 · program services $1,224,683

  • 5 · Compensation of officers, directors and key employees

    total $516,737 · program services $444,394 · management and general $56,841 · fundraising $15,502

  • 7 · Other salaries and wages

    total $1,828,337 · program services $1,396,550 · management and general $258,666 · fundraising $173,121

  • 8 · Pension plan contributions

    total $40,008 · program services $32,525 · management and general $2,677 · fundraising $4,806

  • 9 · Other employee benefits

    total $362,391 · program services $288,770 · management and general $36,677 · fundraising $36,944

  • 10 · Payroll taxes

    total $193,360 · program services $153,453 · management and general $23,706 · fundraising $16,201

  • 11a · Fees: management

    total $558,751 · management and general $558,751

  • 11b · Fees: legal

    total $3,049 · management and general $3,049

  • 11f · Fees: investment management

    total $6,383 · management and general $6,383

  • 11g · Fees: other

    total $439,355 · management and general $439,355

  • 12 · Advertising and promotion

    total $220,098 · program services $173,174 · management and general $34,561 · fundraising $12,363

  • 13 · Office expenses

    total $11,504 · program services $10,039 · management and general $1,079 · fundraising $386

  • 14 · Information technology

    total $87,803 · program services $65,628 · management and general $16,412 · fundraising $5,763

  • 16 · Occupancy

    total $135,089 · program services $100,907 · management and general $25,176 · fundraising $9,006

  • 17 · Travel

    total $45,153 · program services $45,153

  • 19 · Conferences, conventions and meetings

    total $64,356 · program services $64,356

  • 22 · Depreciation, depletion and amortization

    total $23,279 · program services $17,389 · management and general $4,338 · fundraising $1,552

  • 23 · Insurance

    total $21,966 · program services $21,966

  • 24a · Other expenses: PROGRAMMATIC MATERIALS

    total $30,136 · program services $30,136

  • 24b · Other expenses: INCENTIVES

    total $16,199 · program services $16,199

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $7,339 · program services $7,339

  • 24d · Other expenses: PROFESSIONAL DEVEL.

    total $6,935 · program services $6,935

  • 24e · All other expenses

    total $7,659 · management and general $7,659

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,389,511 · end of year $2,810,441

  • 3 · Pledges and grants receivable

    beginning of year $2,914,818 · end of year $1,159,170

  • 4 · Accounts receivable

    beginning of year $1,173 · end of year $4,944

  • 7 · Other notes and loans receivable

    beginning of year $3,705

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,842 · end of year $53,122

  • 10a · Land, buildings and equipment: cost or other basis

    $347,862

  • 10b · Land, buildings and equipment: accumulated depreciation

    $344,387

  • 10c · Land, buildings and equipment, net

    beginning of year $26,754 · end of year $3,475

  • 11 · Investments: publicly traded securities

    beginning of year $2,508,418 · end of year $2,633,320

  • 17 · Accounts payable and accrued expenses

    beginning of year $274,446 · end of year $203,582

  • 18 · Grants payable

    beginning of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,865,991 · end of year $5,296,776

  • 28 · Net assets with donor restrictions

    beginning of year $6,773,784 · end of year $1,164,114

Mission and programs · 2024

Mission

TO ENSURE AFFORDABLE ACCESS TO HIGH-QUALITY CHILD CARE FOR ALL VERMONT FAMILIES BY 2025.

Activities or mission (Part I)

ENSURE EVERY VERMONT FAMILY HAS AFFORDABLE ACCESS TO HIGH-QUALITY CHILD CARE BY 2025.

  • LET'S GROW KIDS MISSION IS TO ENSURE THAT BY 2025 ALL CHILDREN IN VERMONT CAN ACCESS AND AFFORD HIGH-QUALITY CHILD CARE. IN SERVICE OF THIS MISSION LET'S GROW KIDS 1.) ENGAGES VERMONTERS FROM ALL WALKS OF LIFE IN SOLVING THE CHILD CARE CRISIS; 2.) REFORMS EARLY CHILDHOOD EDUCATION POLICY TO BE INCLUSIVE, RACE-CONSCIOUS, AND CULTURALLY INFORMED; AND, 3.) STRENGTHENS VERMONT'S CHILD CARE SYSTEM IN PARTNERSHIP WITH EARLY CHILDHOOD EDUCATORS. IA. IN 2024 KEY ACCOMPLISHMENTS INCLUDE 1.) INSPIRING NEW SUPPORTERS TO JOIN THE CAMPAIGN CALLING FOR POLICY CHANGE AND INCREASED PUBLIC INVESTMENT; 2.) THE CHILD CARE CONTRIBUTION TAX (ACT 76) TAKING EFFECT 3.) STRENGTHENED THE EARLY CHILDHOOD EDUCATION SYSTEM IN PARTNERSHIP WITH EARLY CHILDHOOD EDUCATORS, INCLUDING THE CREATION STATEWIDE OF SEVERAL NEW CHILD CARE SPACES WITH USE OF THE HUD GRANT.

    Expenses $4,099,596 · Grants $1,224,683 · Revenue $97,441

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DANIEL SMITH

    SECRETARY

    Total calculated
    $320,185
    From this org
    $0
    From related orgs
    $245,371
    Other
    $74,814
    Hours/week
    4 + 50.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,371 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,640 related
    Nontaxable benefits
    $0 + $52,174 related
    Filer's total
    $0 + $320,185 related

  • RICK DAVIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • JENNIFER WILLIAMS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • TOM MACLEAY

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • LYNETTE FRAGA PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE ASCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTINE DODSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MEG SEELY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALYSSA CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALYSON RICHARDS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $214,364
    From this org
    $210,189
    From related orgs
    $0
    Other
    $4,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,189
    Bonus
    $0
    Other
    $0
    Deferred
    $2,841
    Nontaxable benefits
    $1,334
    Filer's total
    $214,364

  • SARAH KENNEY

    SR DIRECTOR OF POLICY AND FIELD

    Total calculated
    $165,945
    From this org
    $129,282
    From related orgs
    $0
    Other
    $36,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,282
    Bonus
    $0
    Other
    $0
    Deferred
    $3,727
    Nontaxable benefits
    $32,936
    Filer's total
    $165,945

  • CHERYL CARLSON

    CHIEF PROGRAM OFFICER

    Total calculated
    $156,202
    From this org
    $117,931
    From related orgs
    $0
    Other
    $38,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,931
    Bonus
    $0
    Other
    $0
    Deferred
    $3,603
    Nontaxable benefits
    $34,668
    Filer's total
    $156,202

  • EMILIE TENENBAUM

    CHIEF OF EXTERNAL AFFAIRS AND STRATEGY

    Total calculated
    $150,768
    From this org
    $116,615
    From related orgs
    $0
    Other
    $34,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,615
    Bonus
    $0
    Other
    $0
    Deferred
    $3,773
    Nontaxable benefits
    $30,380
    Filer's total
    $150,768

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533169349307158

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