Bloom Early Learning

Nonprofit profile at a glance

EIN
411939043
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Plymouth, MN, USA
Phone
7634490600
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Child Day Care

Official website

Reported finances

Revenue
$3,020,115
Expenses
$3,136,721
Assets
$1,117,131
Liabilities
$187,152

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • RACHELLE HOLM (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RACHELLE HOLM (EXECUTIVE DIRECTOR): $126,137 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bloom early learning provides equitable access to exceptional early learning and care so that children and families thrive and find pathways out of poverty.

What it reported doing in 2025

Bloom's goal is to dedicate 50% of our capacity to children from low-income families who otherwise could not afford high quality childcare and early learning programs. Our shirley robinson scholarship fund provides tuition assistance to these families. We also assist our qualifying families to gain access to government resources and other community support. Confident in their child(ren)'s care, parents go to work or school to build greater financial stability for their families. With our proven infant through pre-k curriculum, exceptional teaching staff, low child-to-adult ratio and nurturing environment, we prepare every child for success in school and beyond. We are accredited by the national association for the education of young children (naeyc). In 2025, bloom served 126 children and their families, with 60 of these families receiving some form of tuition assistance.

Operating model

Revenue model
Earned-program. 64% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 86% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.9%; rating input score 92
  • Program expense ratio: 88.4%; rating input score 88
  • Fundraising efficiency: $5.62 raised per $1 spent on fundraising; rating input score 17; 17th 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: 100%; rating input score 100; 75th percentile among comparable filings
  • 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: 8 of 8 controls in place; rating input score 100
    • 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: Pass

Sustainability

  • Operating margin: -3.9%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 10.7% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 9.6% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 91.9% of revenue deployed · 88.4% of spending went to programs
  • Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.8M in reported program spending
  • Leadership: top reported pay $126K · 17 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.