Baby University
Nonprofit profile at a glance
- EIN
- 474336051
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Toledo, OH, USA
- Phone
- 4193469425
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Family Services
Reported finances
- Revenue
- $1,038,470
- Expenses
- $1,132,331
- Assets
- $219,017
- Liabilities
- $56,262
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- FRANK ECHELMYER (BOARD PRESIDENT)
- BELINDA COSTIN (VICE PRESIDENT)
- KELLY KAISER (EXECUTIVE DIRECTOR)
Highest reported compensation
- KELLY KAISER (EXECUTIVE DIRECTOR): $73,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To equip parents for the vital role they play in their child's development and education, empowering their journey to self-sufficiency from cradle to purpose.
What it reported doing in 2024
The mosaic early learning center provides high quality early learning experiences for children whose parents qualify for state childcare subsidies and raises private funds for scholarships for children whose parents do not qualify. Mosaic early learning center provides high quality preschool for children ages 0-5 in toledo's old south end. It's aim is for every child to be kindergarten ready and for every child in the old south end to have access to a high quality preschool or childcare program. We do this by raising money for scholarships for children whose parents do not qualify for state childcare subsidies. In 2024, 10 children received scholarships to attend preschool and 90% of 5 year olds tested ready for kindergarten vs. The neighborhood average of just 16%.the mosaic early learning center provides high quality early learning experiences for children whose parents qualify for state childcare subsidies and raises private funds for scholarships for children whose parents do not qualify.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93.6%; rating input score 94
- Fundraising efficiency: $184.44 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -9%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 6.4%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 28.4% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 19.9% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 15.4% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93.6% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $73K · 11 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.