Form 990 for tax year 2024
Filed by GODS TREASURES CHILDCARE LEARNING CENTER.
Totals
- Total revenue
- $490,693
- Total expenses
- $247,936
- Contributions and grants received
- $363,416
- Grants paid
- $0
- Program service revenue
- $120,123
- Investment income
- $2,381
- Other revenue
- $4,773
- Total assets, end of year
- $325,049
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $325,049
- Program services expenses (Part IX)
- $218,389
- Management and general expenses
- $29,547
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $218,389
Program services were 88.1% 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.
-
1e · Government grants (contributions)
$16,551
-
1f · All other contributions, gifts and grants
$346,865
-
2a · Program service revenue: TUITION
total $119,873 · related or exempt $119,873
-
2b · Program service revenue: MISC
total $250 · related or exempt $250
-
3 · Investment income
total $2,268 · excluded $2,268
-
7a · Gross sales of assets other than inventory
securities $113
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $113
-
7d · Net gain or loss
total $113 · excluded $113
-
8a · Fundraising events: gross income
$4,895
-
8b · Fundraising events: direct expenses
$122
-
8c · Net income from fundraising events
total $4,773 · excluded $4,773
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $36,087 · program services $18,044 · management and general $18,043
-
7 · Other salaries and wages
total $104,821 · program services $101,302 · management and general $3,519
-
9 · Other employee benefits
total $25,122 · program services $25,122
-
10 · Payroll taxes
total $4,643 · program services $4,034 · management and general $609
-
11b · Fees: legal
total $3,544 · management and general $3,544
-
11c · Fees: accounting
total $3,832 · management and general $3,832
-
11g · Fees: other
total $3,200 · program services $3,200
-
12 · Advertising and promotion
total $508 · program services $508
-
13 · Office expenses
total $3,334 · program services $3,334
-
16 · Occupancy
total $36,618 · program services $36,618
-
22 · Depreciation, depletion and amortization
total $2,892 · program services $2,892
-
23 · Insurance
total $9,781 · program services $9,781
-
24a · Other expenses: PROGRAM SUPPLIES
total $6,654 · program services $6,654
-
24b · Other expenses: STAFFING EXP
total $6,475 · program services $6,475
-
24c · Other expenses: LICENSING
total $425 · program services $425
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,360 · end of year $30,962
-
10a · Land, buildings and equipment: cost or other basis
$208,250
-
10b · Land, buildings and equipment: accumulated depreciation
$2,892
-
10c · Land, buildings and equipment, net
beginning of year $84,507 · end of year $205,358
-
12 · Investments: other securities
end of year $88,579
-
15 · Other assets
end of year $150
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $86,867 · end of year $325,049
Mission and programs · 2024
Mission
PROVIDE A CHILD CARE PROGRAM TO FAMILIES IN NICOLLET, MCLEOD, RENVILLE, AND SIBLEY COUNTIES.
-
PROVIDED A CHILD CARE PROGRAM SERVING CHILDREN 6 WEEKS OF AGE THROUGH PRE-K YEAR ROUND AND AN 11-WEEK SUMMER PROGRAM FOR SCHOOL AGED CHILDREN.DURING 2024, SUCCESSFULLY COMPLETED OUR MINNESOTA DEPARTMENT OF HUMAN SERVICES PRE-LICENSURE SURVEY AND BECAME A LICENSED CHILD CARE CENTER.BEGAN PROVIDING SERVICES ON JUNE 3, 2024. OPENED 4 CLASSROOMS: INFANT, TODDLER, PRESCHOOL, AND SCHOOL AGE. OPENED WITH AN ENROLLMENT OF 16. SERVED 36 CHILDREN, INCLUDING DROP-INS, BY END OF 2024.COMPLETED OUR FIRST ROUND OF PARENT-TEACHER CONFERENCES IN THE FALL.
Expenses $218,389 · Revenue $120,123
As filed on the 2024 return.
Listed in Part VII
-
ALLEN BARTELS
PRESIDENT/BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ELIZABETH SCHMIDT
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
BENJAMIN MATZKE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
TYLER WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ADAM SCHMIDT
EXECUTIVE DIRECTOR
- Total calculated
- $39,181
- From this org
- $36,087
- From related orgs
- $0
- Other
- $3,094
- Hours/week
- 55
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542249349301744
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