2026-03-11T11:15:27-05:00 2025-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2024-07-01 411694837 FIRST CHILDREN'S FINANCE FIRS 6123383023 212 THIRD AVENUE NORTH 310 MINNEAPOLIS MN 55401 HEIDI HAGEL-BRAID PRESIDENT & CEO 6122796504 2026-03-05 1 1 ELIZABETH BARCHENGER P01270090 6512276695 2026-03-05 2024 2025-03-06 01:10:19Z HEIDI HAGEL-BRAID 212 THIRD AVENUE NORTH 310 MINNEAPOLIS MN 55401 9282562 0 X FIRSTCHILDRENSFINANCE.ORG X 1991 MN FIRST CHILDREN'S FINANCE HELPS CHILDREN, FAMILIES AND COMMUNITIES THRIVE BY INCREASING THE AVAILABILITY, AFFORDABILITY AND QUALITY OF EARLY CARE AND EDUCATION. X 4 4 99 18 0 0 24611532 6286971 5203163 2350094 527634 635701 0 335 30342329 9273101 21067008 1569357 0 0 7534223 6195396 0 0 396178 2948108 2245450 31549339 10010203 -1207010 -737102 15837465 6993255 6982506 4358674 8854959 2634581 X FIRST CHILDREN'S FINANCE (FCF) GROWS THE SUPPLY AND SUSTAINABILITY OF HIGH-QUALITY CHILD CARE BY STRENGTHENING THE BUSINESS AND FINANCIAL FOUNDATIONS OF THE SECTOR. FOUNDED IN 1991, FCF IS A NATIONAL NONPROFIT HEADQUARTERED IN MINNEAPOLIS, MINNESOTA, WITH STATE OFFICES IN MICHIGAN, MINNESOTA, IOWA, OREGON, AND VERMONT. FCF PROVIDES FINANCING, BUSINESS TRAINING, AND CONSULTING TO CHILD CARE ENTREPRENEURS, WHILE PARTNERING WITH PUBLIC, PRIVATE, AND TRIBAL STAKEHOLDERS TO ADVANCE POLICIES AND FUNDING STRATEGIES THAT CREATE SUSTAINABLE CHILD CARE SYSTEMS. 0 1 890149 0 239504 FINANCIAL ASSISTANCE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) LOAN FUNDAS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), FIRST CHILDREN'S FINANCE (FCF) PROVIDES FLEXIBLE, MISSION-DRIVEN CAPITAL TO CHILD CARE BUSINESSES THAT OFTEN FACE BARRIERS TO TRADITIONAL FINANCING. OUR LENDING PROGRAM STRENGTHENS THE BUSINESS FOUNDATION OF CHILD CARE PROVIDERS SERVING LOW- AND MODERATE-INCOME FAMILIES, HELPING THEM GROW, STABILIZE, AND SUSTAIN HIGH-QUALITY EARLY CARE AND EDUCATION.FCF IS THE ONLY CDFI IN THE NATION EXCLUSIVELY FOCUSED ON CHILD CARE, COMBINING FINANCIAL EXPERTISE WITH DEEP, SECTOR-SPECIFIC KNOWLEDGE. EVERY LOAN IS PAIRED WITH TAILORED TECHNICAL ASSISTANCE THAT BUILDS THE BORROWER'S CAPACITY IN BUSINESS PLANNING, CASH FLOW MANAGEMENT, AND LONG-TERM SUSTAINABILITY. THIS INTEGRATED APPROACH ENSURES THAT EACH INVESTMENT STRENGTHENS BOTH THE INDIVIDUAL BUSINESS AND THE BROADER CHILD CARE ECOSYSTEM.THE FCF LOAN FUND OPERATES ACROSS TEN STATESIOWA, MICHIGAN, MINNESOTA, MISSOURI, NORTH DAKOTA, SOUTH DAKOTA, OREGON, TEXAS, VERMONT, AND WISCONSINSUPPORTING FAMILY CHILD CARE HOMES AND CENTERS IN BOTH RURAL AND URBAN COMMUNITIES. IN FY2025, THE LOAN FUND ORIGINATED 41 LOANS TOTALING $1.6 MILLION, DIRECTLY SUPPORTING 14 FAMILY CHILD CARE PROVIDERS AND 27 CENTERS. THESE INVESTMENTS HELPED CREATE OR PRESERVE 1,830 CHILD CARE SPACES AND 406 JOBS, EXPANDING ACCESS TO QUALITY CARE WHERE IT IS MOST NEEDED.SINCE ITS INCEPTION, THE LOAN FUND HAS ORIGINATED 795 LOANS TOTALING MORE THAN $20 MILLION, RESULTING IN THE CREATION OR RETENTION OF 26,226 CHILD CARE SLOTS AND 4,296 JOBS NATIONWIDE. BEYOND FINANCING, EACH BORROWER BENEFITS FROM INDIVIDUALIZED COACHING AND ACCESS TO BUSINESS SUPPORT SERVICES, ENSURING THAT THE IMPACT OF EVERY DOLLAR EXTENDS WELL BEYOND A SINGLE LOANBUILDING LASTING STABILITY AND GROWTH IN THE CHILD CARE SECTOR. 6733417 1569357 2110590 1. BUSINESS SUPPORT FOR CHILD CARE ENTREPRENEURSFCF PROVIDES TAILORED BUSINESS DEVELOPMENT SERVICES TO CHILD CARE ENTREPRENEURS AT EVERY STAGESTART-UP, STABILIZATION, GROWTH, AND SUCCESSION. OUR STAFF DELIVER ONE-ON-ONE CONSULTING, GROUP TRAINING, AND ACCESS TO FINANCING AND BUSINESS TOOLS THAT IMPROVE SUSTAINABILITY AND QUALITY. IN FY2025, FCF SUPPORTED 3,367 CHILD CARE BUSINESSES, OFFERING 254 TRAININGS AND 53 COHORT-BASED PROGRAMS ACROSS MULTIPLE STATES. IN IOWA, 77 BUSINESS OWNERS COMPLETED OUR BUSINESS & FINANCIAL FUNDAMENTALS SERIES, WITH 84% REPORTING MEASURABLE IMPROVEMENT IN FINANCIAL AND MANAGEMENT PRACTICES. THESE EFFORTS STRENGTHEN SMALL BUSINESSES SERVING LOW- AND MODERATE-INCOME FAMILIES.2. BUILDING LOCAL CHILD CARE CAPACITYFCF PARTNERS WITH COMMUNITIES TO INCREASE THE SUPPLY AND STABILITY OF CHILD CARE THAT MEETS LOCAL WORKFORCE AND FAMILY NEEDS. THROUGH DATA-DRIVEN CONSULTATION, FINANCIAL MODELING, AND STRATEGIC PLANNING, FCF SUPPORTED 122 COMMUNITIES NATIONWIDE IN FY2025. OUR RURAL CHILD CARE INNOVATION PROGRAM AND RELATED INITIATIVES HELPED MORE THAN 45 COMMUNITIES CONDUCT SUPPLY-AND-DEMAND ANALYSES, IDENTIFY BARRIERS, AND IMPLEMENT LOCAL SOLUTIONSTURNING CHILD CARE DESERTS INTO SUSTAINABLE SYSTEMS. THIS WORK DIRECTLY CONTRIBUTED TO THE CREATION OR PRESERVATION OF 5,743 CHILD CARE SLOTS ACROSS INFANT, TODDLER, PRESCHOOL, AND SCHOOL-AGE PROGRAMS.3. STRENGTHENING THE CHILD CARE INFRASTRUCTUREFCF COLLABORATES WITH STATE, TRIBAL, AND FEDERAL PARTNERS TO DESIGN AND IMPLEMENT POLICIES AND FUNDING STRATEGIES THAT IMPROVE THE LONG-TERM VIABILITY OF CHILD CARE BUSINESSES. IN FY2025, WE WORKED WITH 11 STATE OR SYSTEM PARTNERS AND MORE THAN A DOZEN TRIBAL NATIONS TO CONDUCT COST-OF-CARE STUDIES, ADVISE ON ARPA FUNDING, AND DEVELOP ACTIONABLE BUSINESS AND SUSTAINABILITY PLANS. FCF CONVENED THE FIRST TRIBAL NATIONS EARLY CHILDHOOD BUSINESS COLLABORATORY, BRINGING TOGETHER 10 TRIBAL NATIONS TO MAP CHILD CARE ECOSYSTEMS AND SET PRIORITIES FOR INVESTMENT. 7623566 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1163 0 99 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IA KS MI MN MO ND SD WA WI IN OR VT AK CT LA NM X STACIE REINER 6125047406 212 THIRD AVENUE NORTH SUITE 310 MINNEAPOLIS MN 55401 DAFINA WILLIAMS BOARD CHAIR 0.81 0.19 X X 0 0 0 SUZANNE HUMBERT DIRECTOR 0.81 0.19 X 0 0 0 PATRICK SKILES DIRECTOR 0.81 0.19 X 0 0 0 ELIZABETH DAVIS DIRECTOR 0.81 0.19 X 0 0 0 WALTER GILLIAM DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 ROGER NEUGEBAUER DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 NICOLE BARCLIFF DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 KELLY ELKIN DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 DAVID ARENS DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 MELANIE BRIZZI DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 ALICIA BUTLER PIERRE DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 EDITH JOHNSON DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 MARIA MEDINA DIRECTOR (FORMER) 0.75 0.25 X 0 0 0 GERALD CUTTS PRESIDENT & CEO (FORMER) 40.00 0.00 X 288495 0 0 HEIDI HAGEL-BRAID PRESIDENT & CEO 32.50 7.50 X 195221 0 12641 BEN NICHOLIE COO 32.50 7.50 X 190079 0 16353 MICHAEL-JOHN MYETTE CHIEF STATES OFFICER 30.00 10.00 X 57343 0 8307 CHEYENNE MCGREGOR CHIEF ADVANCEMENT OFFICER 32.50 7.50 X 153838 0 0 STACIE REINER CFO 32.50 7.50 X 56758 0 8069 ERICKA WARMACK AUSTIN LENDING DIRECTOR 40.00 0.00 X 136452 0 14813 SUZANNE PEARL MINNESOTA DIRECTOR (FORMER) 30.00 10.00 X 152193 0 7580 HEIDI SCHLUETER IOWA REGIONAL DIRECTOR (FORMER) 30.00 10.00 X 146574 0 5384 JESSICA BEYER ASSOCIATE DIRECTOR - MN (FORMER) 30.00 10.00 X 104615 0 12998 ANNE MCSWEENEY DIRECTOR OF NATIONAL INIATIVES (FORMER) 30.00 10.00 X 120791 0 2712 1602359 0 88857 9 0 1 0 MINNESOTA INTERPRETERS AND TRANSLATORS 5247 GIRARD AVE SOUTH MINNEAPOLIS MN 55419 TRANSLATION 254012 COHEN TAYLOR 13033 RIDGEDALE DR 139 MINNETONKA MN 55305 CONSULTING 182740 AUTOMATIC DATA PROCESSING INC PO BOX 842875 BOSTON MA 02284 PAYROLL 175997 CDW LLC 7760 FRANCE AVE S BLOOMINGTON MN 55435 TECHNOLOGY SERVICES 141953 METRO SALES INC 250 N RIVER RIDGE CIRCLE STE 10025 BURNSVILLE MN 55337 TECHNOLOGY SERVICES 117507 5 5271913 1015058 6286971 BUSINESS CONSULTING 624410 2120551 2120551 INTEREST ON LOANS 624410 219582 219582 FEES ON LOANS 624410 9961 9961 2350094 215162 215162 430000 9461 420539 420539 420539 OTHER REVENUE 900099 335 335 335 9273101 2350094 0 636036 1333048 1333048 236309 236309 1358959 848886 260366 249707 4011136 3099625 893982 17529 426602 322312 96106 8184 398699 293842 85881 18976 88521 63604 21317 3600 35500 25507 8549 1444 27000 27000 876817 635252 162916 78649 32352 18750 13531 71 47633 35291 10010 2332 13143 9658 2869 616 118818 87211 26077 5530 287292 138836 146024 2432 96546 52771 43775 135869 135869 110129 67207 42922 46297 33943 10213 2141 22099 16202 4875 1022 STAFF DEVELOPMENT 160174 46699 113282 193 BUILDING & EQUIPMENT EX 66444 48714 14657 3073 MISCELLANEOUS 44663 29096 14888 679 BAD DEBT EXPENSE 18219 18219 17934 17934 10010203 7623566 1990459 396178 598086 383721 8592273 2511277 2187337 413923 494263 182274 3018416 3453916 207937 48144 0 267037 4687 467429 0 15837465 6993255 419101 32492 1830484 550000 383771 3278964 3605855 903957 336556 6982506 4358674 X 8395697 2232460 459262 402121 8854959 2634581 15837465 6993255 X -737102 -5483276 X X 0 1 X 1 1 1 X 3255397 8086402 22804447 24611532 6286971 65044749 3255397 8086402 22804447 24611532 6286971 65044749 65044749 133772 153580 196037 711125 635701 1830215 66874964 15261684 0.97260 0.91110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 27000 0 0 27000 0 0 PARTICIPATION AGREEMENTS 336556 336556 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE MINNESOTA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES FCF DID NOT HAVE ANY UNRELATED BUSINESS INCOME. FCF BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND ACCORDINGLY, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. 1 AMYS DAYCARE 604 FRANKFORT ALCOVE WAVERLY MN 55390 464524622 13149 0 MN FACILITY REVITALIZATION GRANT BABY HALIMO CHILD CARE INC 510 CEDAR AVENUE MINNEAPOLIS MN 55454 881480653 15300 0 MN FACILITY REVITALIZATION GRANT BIG WONDER CHILD CARE 60 NORTH KENT STREET SAINT PAUL MN 55102 882362980 12555 0 MN FACILITY REVITALIZATION GRANT BLOSSOM BRIDGE CHILD CARE HUGO LLC 2361 QUENTIN AVENUE MINNEAPOLIS MN 55416 991338833 10264 0 MN FACILITY REVITALIZATION GRANT BROADMAIN ACADEMY INC 119 BROADWAY STREET NORTHEAST MINNEAPOLIS MN 55413 874802647 7319 0 MN FACILITY REVITALIZATION GRANT CENTRALLOWRY ACADEMY 2334 CENTRAL AVENUE NORTHEAST MINNEAPOLIS MN 55418 933209670 11397 0 MN FACILITY REVITALIZATION GRANT CHILDREN OF JOY PRESCHOOL 825 GOLF AVE SW PINE CITY MN 55063 821732263 11993 0 MN FACILITY REVITALIZATION GRANT CLINTON LEARNING CENTER 3012 CLINTON AVE MINNEAPOLIS MN 55404 853258167 11754 0 MN FACILITY REVITALIZATION GRANT COMMON ROOTS MONTESSORI SCHOOL 1021 BANDANA BLVD E ST PAUL MN 55108 451062357 15134 0 MN FACILITY REVITALIZATION GRANT CORNERSTONE PRESCHOOL AND CHILDCARE 20731 DYERS PASS FARMINGTON MN 55024 813290772 5415 0 MN FACILITY REVITALIZATION GRANT EDEN PRAIRIE MONTESSORI 7455 MARKET PLACE DR EDEN PRAIRIE MN 55344 411699750 7806 0 MN FACILITY REVITALIZATION GRANT GLOBAL CHILD CARE 820 40TH AVE NE COLUMBIA HEIGHTS MN 55421 882022407 7136 0 MN FACILITY REVITALIZATION GRANT GROW WITH ME LIMITED LIABILITY COMPANY 1874 127TH LANE NORTHWEST COON RAPIDS MN 55448 874833205 18000 0 MN FACILITY REVITALIZATION GRANT HEADSTART PRESCHOOL LLC DBA THE OFFICE 4742 106TH AVENUE NORTHEAST CIRCLE PINES MN 55014 823191046 15533 0 MN FACILITY REVITALIZATION GRANT HEATHER'S HAPPY LEARNERS 2732 18TH AVE NW ROCHESTER MN 55901 853476686 6327 0 MN FACILITY REVITALIZATION GRANT HODON MOHAMOUDABDULLAHI MOHAMED 1455 80TH AVE NE SPRING LAKE PARK MN 55432 464695442 5963 0 MN FACILITY REVITALIZATION GRANT IT STARTS WITH LUV LEARNING CENTER 2604 42ND AVE N MINNEAPOLIS MN 55412 814038921 17348 0 MN FACILITY REVITALIZATION GRANT JENNIFER DEBLIECK'S CHILD CARE 16521 COUNTY 6 PARK RAPIDS MN 56470 204226839 10614 0 MN FACILITY REVITALIZATION GRANT KIDDIE ACADEMY OF EDINA 7711 COMPUTER AVENUE EDINA MN 55435 455394288 16750 0 MN FACILITY REVITALIZATION GRANT KIDS COME 1ST 1818 GREENVIEW PLACE SOUTHWEST ROCHESTER MN 55902 411638119 20000 0 MN FACILITY REVITALIZATION GRANT KIDS WORLD - LINCOLN ROOSEVELT ELEMENTARY 925 PARSHALL STREET FARIBAULT MN 55021 416003618 9000 0 MN FACILITY REVITALIZATION GRANT KRISTA COMNICK 24 S 61ST AV W DULUTH MN 55807 020785134 6889 0 MN FACILITY REVITALIZATION GRANT LEARN AND GROW CHILD CARE LLC 3407 131ST AVENUE NORTHEAST BLAINE MN 55449 881651307 6635 0 MN FACILITY REVITALIZATION GRANT LEARNING GARDEN GROUP 1194 COUNTY ROAD C EAST MAPLEWOOD MN 55109 933267298 7155 0 MN FACILITY REVITALIZATION GRANT LITTLE CHARGERS CHILD CARE CENTER 344 8TH STREET WESTBROOK MN 56183 412005873 5283 0 MN FACILITY REVITALIZATION GRANT LITTLE KEEPERS CHILD CARE CENTER LLC 312 WEST LAKE STREET MINNEAPOLIS MN 55408 934243132 11252 0 MN FACILITY REVITALIZATION GRANT LITTLE SCHOLARS ACADEMY LLC 128 8TH AVE NW FARIBAULT MN 55021 923403748 14211 0 MN FACILITY REVITALIZATION GRANT LITTLE TRENDERS 20855 KENSINGTON BOULEVARD LAKEVILLE MN 55044 454543732 19892 0 MN FACILITY REVITALIZATION GRANT MCKNIGHT CHILD DAY CARE CENTER 297 MCKNIGHT ROAD SOUTH SAINT PAUL MN 55119 850728232 5492 0 MN FACILITY REVITALIZATION GRANT MONTESSORI AMERICAN INDIAN CHILDCARE CENTER 965 LARPENTEUR AVENUE WEST ROSEVILLE MN 55113 814526053 9983 0 MN FACILITY REVITALIZATION GRANT NICOLLET DAYCARE CENTER INC 2647 BLOOMINGTON AVENUE MINNEAPOLIS MN 55407 934396187 18000 0 MN FACILITY REVITALIZATION GRANT RICHARDS' LITTLE RASCALS 1801 10TH AVENUE EAST INTERNATIONAL FALLS MN 56649 933601592 9106 0 MN FACILITY REVITALIZATION GRANT ROBYN'S NEST DAYCARE CENTER LLC 1759 COMMERCE DRIVE NORTH MANKATO MN 56003 934035642 5764 0 MN FACILITY REVITALIZATION GRANT ROSIE CHILDCARE 3139 28TH AVE S MINNEAPOLIS MN 55406 811974631 8477 0 MN FACILITY REVITALIZATION GRANT SAUK CENTRE PUBLIC SCHOOL DISTRICT 0743 - KID CONNECTION 903 STATE ROAD SAUK CENTRE MN 56378 416004061 9000 0 MN FACILITY REVITALIZATION GRANT SLEEPY TIGERS CHINESE IMMERSION LEARNING CENTER 6031 FAIRWOOD CIRCLE MINNETONKA MN 55345 461505111 6558 0 MN FACILITY REVITALIZATION GRANT SMALL WORLD LEARNING CENTER 17816 93RD PLACE NORTH MAPLE GROVE MN 55311 833337183 20000 0 MN FACILITY REVITALIZATION GRANT SONNET MONTESSORI SCHOOL OF PRIOR LAKE 19955 IDEALIC AVENUE LAKEVILLE MN 55044 863704145 17415 0 MN FACILITY REVITALIZATION GRANT ST JEROME KIDS KORNER 384 ROSELAWN AVENUE EAST MAPLEWOOD MN 55117 410773779 15419 0 MN FACILITY REVITALIZATION GRANT STEPPING STONES CHILDCARE- BRAINERD 810 NORTHWEST 7TH STREET BRAINERD MN 56401 263019549 14676 0 MN FACILITY REVITALIZATION GRANT SUNRISE CHILD CARE CENTER 2750 PARK AVENUE MINNEAPOLIS MN 55407 822525777 9018 0 MN FACILITY REVITALIZATION GRANT THE CHILDREN'S WORLD 217 GROTTO ST NORHT SAINT PAUL MN 55104 931474108 7539 0 MN FACILITY REVITALIZATION GRANT THE CUB CLUB DAYCARE 52145 FAIRFIELD AVE RUSH CITY MN 55069 275568427 8553 0 MN FACILITY REVITALIZATION GRANT THOMPSON CHILD CARE 11814 COUNTY 6 PARK RAPIDS MN 56470 811168600 8495 0 MN FACILITY REVITALIZATION GRANT TINY ADVENTURES LLC 908 MAPLE ST BRAINERD MN 56401 461273563 9179 0 MN FACILITY REVITALIZATION GRANT TRINITY LUTHERAN PRESCHOOL 424 E GILMAN ST NEW YORK MILLS MN 56567 410855254 15714 0 MN FACILITY REVITALIZATION GRANT TWIN LAKES STEM ACADEMY CHILDCARE CENTER 6201 NOBLE AVENUE NORTH BROOKLYN CENTER MN 55429 471553568 8774 0 MN FACILITY REVITALIZATION GRANT TWINKLE TWINKLE LITTLE TOTS 8032 REGENT AVENUE NORTH BROOKLYN PARK MN 55443 331244179 6783 0 MN FACILITY REVITALIZATION GRANT WARROAD COMMUNITY CHILDCARE CENTER 203 LIBERTY AVENUE NORTHWEST WARROAD MN 56763 882658990 11924 0 MN FACILITY REVITALIZATION GRANT WILD ONES CHILDCARE 8844 387TH COURT PRINCETON MN 55371 934158740 12985 0 MN FACILITY REVITALIZATION GRANT YOLANDA HUNTER ENTERPRISE LLC 37588 GRANITE COURT NORTH BRANCH MN 55056 852634920 13500 0 MN FACILITY REVITALIZATION GRANT COMMON ROOTS HOMESTEAD AT WHEELER NATURE PARK PO BOX 9335 SOUTH BURLINGTON VT 05407 264146964 9317 0 VT CHILDCARE FEASABILITY PROJECT CRAFTSBURY SAPLINGS 1773 EAST CRAFTSBURY ROAD CRAFTSBURY VT 05826 815437437 50000 0 VT CHILDCARE FEASABILITY PROJECT FIRST CONGREGATIONAL CHURCH OF BURLINGTON 38 SOUTH WINOOSKI AVENUE BURLINGTON VT 05401 030185569 10944 0 VT CHILDCARE FEASABILITY PROJECT MILKWEED MOUNTAIN 96 POND ROAD HINESBURG VT 05461 453243764 17449 0 VT CHILDCARE FEASABILITY PROJECT NECK OF THE WOODS 1673 MAIN STREET CENTERVILLE VT 05673 850536359 5605 0 VT CHILDCARE FEASABILITY PROJECT PITTSFORD VILLAGE FARM 61 PLEASANT STREET RUTLAND VT 05701 222589017 22875 0 VT CHILDCARE FEASABILITY PROJECT EXPANDING MINDS EARLY LEARNING CENTER LLC 235 S MAIN ST RUTLAND VT 05701 932309478 10000 0 VT FACILITY GRANT CALUMET COUNTY - CHILD CARE RESOURCE & REFERRAL 1001 WEST KENNEDY AVENUE KIMBERLY WI 54136 391606155 25608 0 WI PROVIDER PATICIPANT STIPEND CITY OF SUN PRAIRIE 300 EAST MAIN STREET SUN PRAIRIE WI 53590 396006382 12500 0 WI PROVIDER PATICIPANT STIPEND CITY OF WAUPACA 111 S MAIN STREET WAUPACA WI 54981 396005644 15000 0 WI PROVIDER PATICIPANT STIPEND COMMUNITY RELATED TRAINING INC 7819 WEST POTOMAC AVENUE MILWAUKEE WI 53222 391702544 15000 0 WI PROVIDER PATICIPANT STIPEND DRIFTLESS DEVELOPMENT 700 EAST BLACKHAWK AVENUE PRAIRIE DU CHIEN WI 53821 823536889 15000 0 WI PROVIDER PATICIPANT STIPEND GREATER WATERTOWN COMMUNITY HEALTH FOUNDATION 600 EAST MAIN STREET WATERTOWN WI 53094 391030310 9857 0 WI PROVIDER PATICIPANT STIPEND INDIANHEAD COMMUNITY ACTION AGENCY 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 391086966 10000 0 WI PROVIDER PATICIPANT STIPEND ITHACA PUBLIC SCHOOLS 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 391049682 12600 0 WI PROVIDER PATICIPANT STIPEND JACKSON COUNTY CHILDCARE ALLIANCE (COOP CU) 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 852396464 20000 0 WI PROVIDER PATICIPANT STIPEND LANGLADE COUNTY ECONOMIC DEVELOPMENT CORPORATION 1385 CONWAY ST EAST ST PAUL MN 55106 262179693 25870 0 WI PROVIDER PATICIPANT STIPEND LATINO CHAMBER OF COMMERCE OF DANE COUNTY 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 261771853 11000 0 WI PROVIDER PATICIPANT STIPEND LATINO ENTREPRENEURIAL NETWORK 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 205987240 18700 0 WI PROVIDER PATICIPANT STIPEND MAUSTON SCHOOL DISTRICT 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 396003318 25408 0 WI PROVIDER PATICIPANT STIPEND OSHKOSH AREA UNITED WAY 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 391017908 15000 0 WI PROVIDER PATICIPANT STIPEND RHINELANDER AREA CHAMBER OF COMMERCE 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 390567510 10000 0 WI PROVIDER PATICIPANT STIPEND STOCKBRIDGE MUNSEE COMMUNITY 3405 ANNAPOLIS LN N PLYMOUTH MN 55447 391145449 20000 0 WI PROVIDER PATICIPANT STIPEND UNITED WAY OF PORTAGE COUNTY 7800 SUNWOOD DRIVE RAMSEY MN 55303 390831152 24428 0 WI PROVIDER PATICIPANT STIPEND UNITED WAY OF SHEBOYGAN COUNTY INC 1506 NORTHWAY DR ST CLOUD MN 56301 390808471 25431 0 WI PROVIDER PATICIPANT STIPEND UNITED WAY OF THE GREATER CHIPPEWA VALLEY 8547 EDINBURGH CENTRE DR BROOKLYN PARK MN 55443 391077901 10000 0 WI PROVIDER PATICIPANT STIPEND VILLAGE OF LA FARGE 2905 CHESNUT ST N CHASKA MN 55318 392037878 24431 0 WI PROVIDER PATICIPANT STIPEND VIROQUA AREA SCHOOLS 4079 CENTRAL AVENUE COLUMBIA HEIGHTS MN 55421 396004944 10000 0 WI PROVIDER PATICIPANT STIPEND WOOD COUNTY HEALTH DEPARTMENT-WI 116 HIGHWAY 13 EAST BURNSVILLE MN 55337 396005763 24430 0 WI PROVIDER PATICIPANT STIPEND 80 MN BUISNESS LEADERSHIP COHORT GRANT 4 5600 MN COMMUNITY PARTICIPANT STIPEND 6 30000 MN FACILITY REVITALIZATION GRANT 108 131334 MN TECHNOLOGY GRANT 63 31672 OR PROVIDER PARTICIPANT STIPEND 11 2703 VT BUSINESS LEADERSHIP COHORT PARTICPANT STIPEND 5 25000 WI PROVIDER PATICIPANT STIPEND 2 10000 PART I, LINE 2: ORGANIZATIONS FROM THE U.S APPLY FOR A GRANT AND ALL GRANTS ARE REVIEWED PRIOR TO ANY APPROVAL. 1 X X 0 0 0 0 0 0 0 0 0 GERALD CUTTS PRESIDENT & CEO (FORMER) 188495 0 100000 0 0 0 0 0 0 0 288495 0 0 0 HEIDI HAGEL-BRAID PRESIDENT & CEO 195221 0 0 0 0 0 0 0 12641 0 207862 0 0 0 BEN NICHOLIE COO 190079 0 0 0 0 0 2733 0 13620 0 206432 0 0 0 SUZANNE PEARL MINNESOTA DIRECTOR (FORMER) 152193 0 0 0 0 0 2315 0 5265 0 159773 0 0 0 CHEYENNE MCGREGOR CHIEF ADVANCEMENT OFFICER 153838 0 0 0 0 0 0 0 0 0 153838 0 0 0 HEIDI SCHLUETER IOWA REGIONAL DIRECTOR (FORMER) 146574 0 0 0 0 0 2252 0 3132 0 151958 0 0 0 ERICKA WARMACK AUSTIN LENDING DIRECTOR 136452 0 0 0 0 0 2922 0 11891 0 151265 0 0 0 NET ASSETS OF FIRST CHILDREN'S FINANCE 2025-04-01 5502998 BOOK VALUE 993692335 FIRST CHILDREN'S FINANCE GROUP 212 3RD AVE N STE 310 MINNEAPOLIS MN 55401 501(C)(3) 1 1 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: THE BOARD AND OFFICERS OF FIRST CHILDREN'S FINANCE HAS BECOME THE BOARD AND OFFICERS OF FIRST CHILDREN'S FINANCE GROUP. THE FIRST CHILDREN'S FINANCE GROUP BOARD APPOINTED DAFINA WILLIAMS AS THE CHAIR OF FIRST CHILDREN'S FINANCE; FIRST CHILDREN'S FINANCE GROUP OFFICERS ARE INTERIM BOARD MEMBERS OF FIRST CHILDREN'S FINANCE. FORM 990, PART III, LINE 3 ON APRIL 1, 2025, FIRST CHILDREN'S FINANCE (FCF) TRANSFERRED ALL ASSETS AND LIABILITIES NOT RELATED TO FINANCING ACTIVITIES TO A NEW ENTITY CALLED FIRST CHILDREN'S FINANCE GROUP (FCFG) AND AMENDED THEIR BYLAWS TO MAKE FCFG THE SOLE MEMBER OF FCF. FCF CONTINUES TO PROVIDE FINANCING TO CHILD CARE ENTREPRENEURS IN MICHIGAN, MINNESOTA, MISSOURI, NORTH DAKOTA, VERMONT, AND WISCONSIN. FORM 990, PART VI, SECTION A, LINE 4 REVISED TO REFLECT THAT THE CORPORATION NOW HAS A SOLE MEMBER, FIRST CHILDREN'S FINANCE GROUP, A MINNESOTA NONPROFIT CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ONCE THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, A FINAL PRESENTATION IS MADE TO THE FULL BOARD OF TRUSTEES FOR FINAL APPROVAL TO FILE PRIOR TO SUBMITIING THE RETURN TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES DECISION-MAKING ON ANY TRANSACTION TO BE DIRECTED BY ACTION OF THE ENTIRE BOARD, WITH ONLY DIRECTORS PARTICIPATING WHO ARE INDEPENDENT OF THE PARTY PARTICIPATING IN THE ACTION AND WITH NOTICE OF THE CONFLICT SUBECT GIVEN IN ADVANCE. THE QUESTION OF WHETHER A DIRECTOR HAS A CONFLICT OR MATERIAL FINANCIAL INTEREST IS DECIDED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR CONVENES A COMMITTEE OF BOARD MEMBERS TO REVIEW THE CEO'S PERFORMANCE AND THEN DOCUMENTS THEIR FINDINGS AND RESULTING SALARY INCREASE AND BONUS FOR BOARD APPROVAL. THE CEO DETERMINES SALARY INCREASES FOR ALL EMPLOYEES BASED ON BUDGETING COST OF LIVING INCREASES AS WELL AS CHANGES IN DUTIES OR RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 19 FIRST CHILDREN'S FINANCE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER -5,502,998. LOAN LOSS (RESERVE) RECOVERIES 19,722. PART XI LINE 9 THE DECREASE IN NET ASSETS IS FROM THE ORGANIZATION SPLITTING INTO TWO DIFFERENT LEGAL ENTITIES. FIRST CHILDREN'S FINANCE GROUP 212 3RD AVE N STE 310 MINNEAPOLIS MN 55401 993692335 SUPPORTING CHILD CARE PROVIDERS MN 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 FIRST CHILDREN'S FINANCE GROUP R 5502998 BOOK VALUE