Kaleidoscope Learning
Nonprofit profile at a glance
- EIN
- 871350772
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Saint Paul, MN, USA
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $117,444
- Expenses
- $107,652
- Assets
- $67,492
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Jennie Lynch (President)
People named in this filing
- Jennie Lynch (President)
- Julia Kallmes (Board Member)
- Jeffrey Johnson (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide high-quality family and early childhood educational services to families with children ages birth to six years old in the Minneapolis-St. Paul Metro Area. We provide a variety of services including a community toy library parent education courses in-center activities that promote development and education open community play in our center community craft events and online parenting content. We strive to be a nexus community center where families can support each other.
What it reported doing in 2024
Kaleidoscope Learning hosted a variety of in-person events in our community gathering space in order to promote community connection and yield positive caregiver child experiences. These events such as our Musical Storytimes Fine Motor Fridays and Coffee Tuesdays were held on a weekly basis and we estimated dozens of families participated in these programs throughout the year. Our most popular weekly event was Musical Storytime where families sing dance read and learn alongside each other. In addition to our weekly programming Kaleidoscope also hosted regular evening events such as parent education nights and community craft events with the goal of creating community and supporting the caregiver child dyad. These events often held every two months saw participation rates around five to 10 families per event.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 100
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.5%; rating input score 43
- Program expense ratio: 46.9%; rating input score 47
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 8.3%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.63; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 37.2%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 13% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 20.6% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 43.5% of revenue deployed · 46.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $51K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 8/100.