Nonprofit · EIN 99-3692335
FIRST CHILDRENS FINANCE GROUP
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,192,975 | $5,948,962 | $244,013 | $7,176,722 | $1,429,711 | $5,747,011 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,958,297
- of which government grants
- $5,539,173
- Program service revenue
- $215,387
- Investment income
- $15,106
- Other revenue
- $4,185
Expenses
- Grants and similar amounts paid
- $2,105,762
- Compensation of officers, directors and key employees
- $437,118
- Salaries, compensation and benefits (total)
- $2,839,142
- Professional fundraising fees
- $0
- Legal fees
- $9,394
- Accounting fees
- $5,001
- Occupancy
- $34,224
- Travel
- $123,853
- Depreciation
- $20,784
- Program services (functional)
- $5,111,017
- Management and general (functional)
- $690,227
- Fundraising (functional)
- $147,718
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $7,176,722
- Total liabilities, end of year
- $1,429,711
- Net assets, end of year
- $5,747,011
- Land, buildings and equipment
- $190,496
- Net assets without donor restrictions
- $5,132,870
- Net assets with donor restrictions
- $614,141
- Gross receipts
- $6,192,975
- Employees
- 0
- Volunteers
- 18
- Year formed
- 2024
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GERALD CUTTS | PRESIDENT & CEO (FORMER) Officer | 0 | $0 | $288,495 | $0 |
| HEIDI HAGEL-BRAID | PRESIDENT & CEO Officer | 7.5 | $0 | $195,221 | $12,641 |
| BEN NICHOLIE | COO Officer | 7.5 | $0 | $190,079 | $16,353 |
| SUZANNE PEARL | MINNESOTA DIRECTOR Highest-paid employee | 10 | $0 | $152,193 | $7,580 |
| CHEYENNE MCGREGOR | CHIEF ADVANCEMENT OFFICER Officer | 7.5 | $0 | $153,838 | $0 |
| HEIDI SCHLUETER | PROGRAM DIRECTOR Highest-paid employee | 10 | $0 | $146,574 | $5,384 |
| ANNE MCSWEENEY | DIRECTOR OF NATIONAL INIATIVES Highest-paid employee | 10 | $0 | $120,791 | $2,712 |
| JESSICA BEYER | ASSOCIATE DIRECTOR - MN Highest-paid employee | 10 | $0 | $104,615 | $12,998 |
| MARK A DICKERSON | MARKETING & COMMUNICATIONS DIRECTOR Highest-paid employee | 7.5 | $0 | $100,155 | $6,012 |
| MICHAEL-JOHN MYETTE | CHIEF STATES OFFICER Officer | 10 | $0 | $57,343 | $8,307 |
| STACIE REINER | CFO Officer | 7.5 | $0 | $56,758 | $8,069 |
| SUZANNE HUMBERT | CHAIR Trustee or director, Officer | 0.19 | $0 | $0 | $0 |
| PATRICK SKILES | TREASURER Trustee or director, Officer | 0.19 | $0 | $0 | $0 |
| ELIZABETH DAVIS | SECRETARY Trustee or director, Officer | 0.19 | $0 | $0 | $0 |
| WALTER GILLIAM | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROGER NEUGEBAUER | DIRECTOR Trustee or director | 0.25 | $0 |
| NICOLE BARCLIFF | DIRECTOR Trustee or director | 0.25 | $0 |
| KELLY ELKIN | DIRECTOR Trustee or director | 0.25 | $0 |
| DAVID ARENS | DIRECTOR Trustee or director | 0.25 | $0 |
| MELANIE BRIZZI | DIRECTOR Trustee or director | 0.25 | $0 |
| DAFINA WILLIAMS | DIRECTOR Trustee or director | 0.19 | $0 |
| ALICIA BUTLER PIERRE FORMER | DIRECTOR Trustee or director | 0.25 | $0 |
| EDITH JOHNSON FORMER | DIRECTOR Trustee or director | 0.25 | $0 |
| MARIA MEDINA FORMER | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 212 3RD AVE N STE 310, MINNEAPOLIS, MN 55401-1437
- In care of
- % BENJY NICHOLIE
- Principal officer (990 for 2024)
- HEIDI HAGEL-BRAID, 212 THIRD AVENUE NORTH 310, MINNEAPOLIS, MN 55401
- Signed the 990
- HEIDI HAGEL-BRAID, PRESIDENT & CEO
- Phone
- (612) 338-3023
- Website
- FIRSTCHILDRENSFINANCE.ORG
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
FIRST CHILDREN'S FINANCE GROUP (FCF) GROWS THE SUPPLY AND SUSTAINABILITY OF HIGH-QUALITY CHILD CARE BY STRENGTHENING THE BUSINESS AND FINANCIAL FOUNDATIONS OF THE SECTOR. 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.
Program accomplishments
- 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.Expenses $5,111,017 · grants $2,105,762 · revenue $219,572
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-3692335
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P40)
- Assets (IRS master file)
- $7,176,722
- Income (IRS master file)
- $6,192,975
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,192,975 | $5,948,962 | $7,176,722 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-3692335).
Questions about FIRST CHILDRENS FINANCE GROUP
- What is the EIN of FIRST CHILDRENS FINANCE GROUP?
- The employer identification number (EIN) of FIRST CHILDRENS FINANCE GROUP is 99-3692335.
- Is FIRST CHILDRENS FINANCE GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to FIRST CHILDRENS FINANCE GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIRST CHILDRENS FINANCE GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FIRST CHILDRENS FINANCE GROUP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIRST CHILDRENS FINANCE GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FIRST CHILDRENS FINANCE GROUP?
- The 990 for the year ended June 30, 2025 names HEIDI HAGEL-BRAID.
- Who are the officers and directors of FIRST CHILDRENS FINANCE GROUP?
- The 990 for the year ended June 30, 2025 lists 24 people; 0 received compensation from the organization.
- How much revenue does FIRST CHILDRENS FINANCE GROUP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,192,975, expenses of $5,948,962 and total assets of $7,176,722 at year end.
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