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 993692335 FIRST CHILDREN'S FINANCE GROUP 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 X HEIDI HAGEL-BRAID 212 THIRD AVENUE NORTH 310 MINNEAPOLIS MN 55401 6192975 0 X FIRSTCHILDRENSFINANCE.ORG X 2024 MN 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. 10 10 0 18 0 0 5958297 215387 15106 4185 6192975 2105762 0 2839142 0 147718 1004058 5948962 244013 7176722 1429711 5747011 X 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. 0 0 5111017 2105762 219572 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. 5111017 1 1 0 1 0 0 0 0 0 0 1 0 0 1 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 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN IA MI WA WI VT OR X STACIE REINER 6125047406 212 THIRD AVENUE NORTH SUITE 310 MINNEAPOLIS MN 55401 SUZANNE HUMBERT CHAIR 0.19 0.81 X X 0 0 0 PATRICK SKILES TREASURER 0.19 0.81 X X 0 0 0 ELIZABETH DAVIS SECRETARY 0.19 0.81 X X 0 0 0 WALTER GILLIAM DIRECTOR 0.25 0.75 X 0 0 0 ROGER NEUGEBAUER DIRECTOR 0.25 0.75 X 0 0 0 NICOLE BARCLIFF DIRECTOR 0.25 0.75 X 0 0 0 KELLY ELKIN DIRECTOR 0.25 0.75 X 0 0 0 DAVID ARENS DIRECTOR 0.25 0.75 X 0 0 0 MELANIE BRIZZI DIRECTOR 0.25 0.75 X 0 0 0 DAFINA WILLIAMS DIRECTOR 0.19 0.81 X 0 0 0 ALICIA BUTLER PIERRE FORMER DIRECTOR 0.25 0.75 X 0 0 0 EDITH JOHNSON FORMER DIRECTOR 0.25 0.75 X 0 0 0 MARIA MEDINA FORMER DIRECTOR 0.25 0.75 X 0 0 0 GERALD CUTTS PRESIDENT & CEO (FORMER) 0.00 40.00 X 0 288495 0 HEIDI HAGEL-BRAID PRESIDENT & CEO 7.50 32.50 X 0 195221 12641 BEN NICHOLIE COO 7.50 32.50 X 0 190079 16353 MICHAEL-JOHN MYETTE CHIEF STATES OFFICER 10.00 30.00 X 0 57343 8307 CHEYENNE MCGREGOR CHIEF ADVANCEMENT OFFICER 7.50 32.50 X 0 153838 0 STACIE REINER CFO 7.50 32.50 X 0 56758 8069 SUZANNE PEARL MINNESOTA DIRECTOR 10.00 30.00 X 0 152193 7580 HEIDI SCHLUETER PROGRAM DIRECTOR 10.00 30.00 X 0 146574 5384 ANNE MCSWEENEY DIRECTOR OF NATIONAL INIATIVES 10.00 30.00 X 0 120791 2712 JESSICA BEYER ASSOCIATE DIRECTOR - MN 10.00 30.00 X 0 104615 12998 MARK A DICKERSON MARKETING & COMMUNICATIONS DIRECTOR 7.50 32.50 X 0 100155 6012 0 1566062 80056 0 0 1 0 0 5539173 419124 5958297 BUSINESS CONSULTING 624410 172465 172465 MANAGEMENT FEES 541610 42922 42922 215387 15106 15106 OTHER REVENUE 900099 4185 4185 4185 6192975 219572 0 15106 X 1802462 1802462 303300 303300 437118 224831 153101 59186 1981085 1682346 268350 30389 234446 194344 33487 6615 186493 147746 31984 6763 9394 7442 1611 341 5001 3962 858 181 9000 9000 673562 519064 114428 40070 23330 14207 8381 742 14185 11238 2433 514 2114 1675 362 77 34224 27114 5869 1241 123853 66821 56886 146 50621 49326 1295 20784 16466 3564 754 10075 7982 1728 365 STAFF RECRUITMENT AND D 12492 9813 2679 MISCELLANEOUS 10417 7912 2353 152 BUILDING & EQUIPMENT EX 5006 3966 858 182 5948962 5111017 690227 147718 212413 1630011 4393531 143505 182279 441526 251030 0 190496 4687 0 419800 0 7176722 651242 311207 0 467262 0 1429711 X 5132870 614141 0 5747011 0 7176722 X 244013 5502998 X X 0 1 X 1 1 1 X 5979569 5979569 5979569 5979569 5979569 15106 15106 5994675 215387 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 9000 0 0 9000 0 35312 18550 16762 406214 232480 173734 190496 RIGHT OF USE ASSET 419800 419800 LEASE LIABILITY 467262 467262 X 6214247 21272 21272 6192975 0 6192975 5970234 21272 21272 5948962 0 5948962 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 CLUBHOUSE KIDS 1092 PARK STREET MORRISVILLE VT 05661 030339856 6480 0 VT CHILDCARE FEASABILITY PROJECT COMMON ROOTS HOMESTEAD AT WHEELER NATURE PARK PO BOX 9335 SOUTH BURLINGTON VT 05407 264146964 6276 0 VT CHILDCARE FEASABILITY PROJECT CRAFTSBURY SAPLINGS 1773 EAST CRAFTSBURY ROAD CRAFTSBURY VT 05826 815437437 8000 0 VT CHILDCARE FEASABILITY PROJECT EDGAR MAY 140 CLINTON STREET SPRINGFIELD VT 05156 030364018 34210 0 VT CHILDCARE FEASABILITY PROJECT FIRST CONGREGATIONAL CHURCH OF BURLINGTON 38 SOUTH WINOOSKI AVENUE BURLINGTON VT 05401 030185569 5526 0 VT CHILDCARE FEASABILITY PROJECT FRANKLIN HOMESTEAD 142 HOMESTEAD DRIVE FRANKLIN VT 05457 030323491 16785 0 VT CHILDCARE FEASABILITY PROJECT MATER CHRISTI SCHOOL 50 MANSFIELD AVENUE BURLINGTON VT 05401 030329822 50000 0 VT CHILDCARE FEASABILITY PROJECT MILKWEED MOUNTAIN 96 POND ROAD HINESBURG VT 05461 453243764 30591 0 VT CHILDCARE FEASABILITY PROJECT MJCC MARY JOHNSON CHILDRENS CENTER 81 WATER STREET MIDDLEBURY VT 05753 030224359 17058 0 VT CHILDCARE FEASABILITY PROJECT NECK OF THE WOODS 1673 MAIN STREET CENTERVILLE VT 05673 850536359 12902 0 VT CHILDCARE FEASABILITY PROJECT NEXT GENERATION 150 OLD STAGE RD GEORGIA VT 05468 824740194 14000 0 VT CHILDCARE FEASABILITY PROJECT OVERLAKE DAY SCHOOL (DBA THE CHILDREN'S SCHOOL) 173 PATCHEN RD S BURLINGTON VT 05403 030197897 35271 0 VT CHILDCARE FEASABILITY PROJECT PITTSFORD VILLAGE FARM 61 PLEASANT STREET RUTLAND VT 05701 222589017 15146 0 VT CHILDCARE FEASABILITY PROJECT PLANETARY ART INSTITUTE 961 ROUTE 2 MIDDLESEX VT 05602 990526959 50000 0 VT CHILDCARE FEASABILITY PROJECT RIVER BRANCH 397 MAIN STREET SUITE 5 WATERBURY VT 05676 030358864 40298 0 VT CHILDCARE FEASABILITY PROJECT SOUTHWESTERN VERMONT MEDICAL CENTER 100 HOSPITAL DRIVE BENNINGTON VT 05201 222563241 9475 0 VT CHILDCARE FEASABILITY PROJECT TURTLE ISLAND 659 ELM ST MONTPELIER VT 05602 030358066 36056 0 VT CHILDCARE FEASABILITY PROJECT VALLEY HUB INC 121 WHEATFIELD DRIVE ROCHESTER VT 05767 933425857 15000 0 VT CHILDCARE FEASABILITY PROJECT ABC NATURE ACADEMY 1422 MEMORIAL DRIVE ST JOHNSBURY VT 05819 814406111 11250 0 VT FACILITY GRANT ALAYNA WEST 307 CENTRAL ST SHELDON VT 05483 994360588 13500 0 VT FACILITY GRANT APPLE TREE LEARNING CENTERS INC 1056 MOUNTAIN ROAD STOWE VT 05672 030354763 15750 0 VT FACILITY GRANT ARLINGTON AREA CHILD CARE CENTER INC 426 EAST ARLINGTON ROAD ARLINGTON VT 05250 030310213 7500 0 VT FACILITY GRANT BAMBINO UNIVERSITY 4782 ROUTE 106 READING VT 05062 990995390 32250 0 VT FACILITY GRANT BERKSHIRE FAMILY YMCA 292 NORTH STREET PITTSFIELD MA 01201 042104837 28500 0 VT FACILITY GRANT BRIANAS CHILDCARE AND PRESCHOOL 4 OAK STREET SAINT ALBANS VT 05478 852456749 11700 0 VT FACILITY GRANT COUNTRY KIDS DAYCARE 50 LAKEVIEW DR NEWPORT VT 05855 453194145 13500 0 VT FACILITY GRANT CROCKETT ACADEMY FOR EARLY LIBERAL ARTS 500 INTERSTATE CORPORATE CAR WILLISTON VT 05495 332216048 25500 0 VT FACILITY GRANT CUBS CHILD CARE CENTER 142 RED SLED ROAD STOWE VT 05672 461305875 13500 0 VT FACILITY GRANT CURIOUS KIDS CHILDCARE LLC 714 GAGE STREET BENNINGTON VT 05201 994370463 48046 0 VT FACILITY GRANT EJ'S KIDS KLUB INC 50 CHELSEA RD ESSEX VT 05452 331925019 45000 0 VT FACILITY GRANT GEORGIA'S NEXT GENERATION INFANT CENTER 150 OLD STAGE RD GEORGIA VT 05468 824740194 7648 0 VT FACILITY GRANT HILLTOP MONTESSORI SCHOOL INC 99 STAFFORD FARM HILL WEST BRATTLEBORO VT 05301 030229430 8250 0 VT FACILITY GRANT HORIZON EARLY LEARNING PROGRAM LLC 16 BRADLEY AVENUE BRATTLEBORO VT 05301 471663292 15000 0 VT FACILITY GRANT IMMERSION MONTESSORI SCHOOL LLC 93 PINE STREET WHITE RIVER JUNCTION VT 05001 850755763 36000 0 VT FACILITY GRANT KID SAVVY FAMILY CHILDCARE 29 PINE MEADOW DRIVE HYDE PARK VT 05655 854391517 33750 0 VT FACILITY GRANT KIKI'S LEARNING TOGETHER PRESCHOOL LLP 126 PLEASANT VIEW DRIVE ALBANY VT 05820 993642946 11700 0 VT FACILITY GRANT KILLINGTON PICO SKI RESORT PARTNERS LLC 4763 KILLINGTON ROAD KILLINGTON VT 05751 208485333 9000 0 VT FACILITY GRANT LINDA PALMER FAMILY CHILD CARE HOME 28 LINCOLN AVENUE BARTON VT 05822 333516341 7125 0 VT FACILITY GRANT LITTLE EXPLORERS CHILD CARE CENTER 379 HALE ROAD WATERFORD VT 05819 332551176 7500 0 VT FACILITY GRANT LITTLE LEARNERS LLC 2209 MAIN STREET COLCHESTER VT 05446 331674640 16875 0 VT FACILITY GRANT LITTLE RED WAGON CHILDCARE 581 HARLOW HILL ROAD RANDOLPH VT 05060 993777841 11700 0 VT FACILITY GRANT LITTLE ROOTS LEARNING LLC 28 JAMES ROAD MORRISVILLE VT 05661 883336474 18750 0 VT FACILITY GRANT LITTLEST LAMBS AT GRACE 6 CHURCH HILL ROAD RUTLAND VT 05701 030223823 33750 0 VT FACILITY GRANT MELISSA FOURNIER FAMILY CHILD CARE 59 SMITH RD WATERFORD VT 05819 824015147 6000 0 VT FACILITY GRANT MOUNTAIN VIEW DAYCARE 4089 VT ROUTE 14N COVENTRY VT 05825 331360685 11700 0 VT FACILITY GRANT MYERS PROUTY CHILDREN'S CAMPUSES INC 95 GRANGE RD SHAFTSBURY VT 05262 824206365 36000 0 VT FACILITY GRANT NECK OF THE WOODS 1673 MAIN STREET CENTERVILLE VT 05673 850536359 7500 0 VT FACILITY GRANT NEIGHBORHOOD SCHOOLHOUSE 231 WESTERN AVENUE BRATTLEBORO VT 05301 030278065 15000 0 VT FACILITY GRANT ONE ARTS COMMUNITY SCHOOLS 112 GARDEN STREET SOUTH BURLINGTON VT 05403 863243278 33750 0 VT FACILITY GRANT ONE ARTS INC 112 GARDEN STREET SOUTH BURLINGTON VT 05403 863243278 96000 0 VT FACILITY GRANT OTTER CREEK CHILD CENTER INC 150 WEYBRIDGE STREET MIDDLEBURY VT 05753 222564467 54000 0 VT FACILITY GRANT PERKINSVILLE PRESCHOOL AND CHILDCARE LLC 4393 VT ROUTE 131 PERKINSVILLE VT 05151 814665911 7200 0 VT FACILITY GRANT PITTER PATTER CHILDCARE CENTER1 65 CREEK FARM PLAZA COLCHESTER VT 05446 881390152 7500 0 VT FACILITY GRANT PUFFER CHILD CARE CENTER 228 INDUSTRIAL PARK DRIVE MORRISVILLE VT 05661 030332963 8498 0 VT FACILITY GRANT RAINBOW GARDENS 168 NORTH MAIN STREET STE 4 NORTHFIELD VT 05663 922294929 39421 0 VT FACILITY GRANT ROUND HILL KIDS 5186 VERMONT ROUTE 100 HYDE PARK VT 05655 471537828 15000 0 VT FACILITY GRANT SAVANNAH GUYETTE FAMILY CHILD CARE 2240 GORE ROAD DERBY VT 05829 333052269 8625 0 VT FACILITY GRANT SKIES THE LIMIT CHILDCARE LLC 7056 A US ROUTE 7 NORTH FERRISBURGH VT 05473 995029166 8250 0 VT FACILITY GRANT SPARK ACADEMY (STEM PLAY ARTREASONING KIDS) 71 1/2 FIRST STREET SWANTON VT 05488 934498834 22500 0 VT FACILITY GRANT STARKSBORO COOPERATIVE PRESCHOOL 2875 VT ROUTE 116 STARKSBORO VT 05487 030259397 31500 0 VT FACILITY GRANT STRATTON MTN CHILD CARE CENTER 5 VILLAGE LODGE ROAD STRATTON MOUNTAIN VT 05155 030210943 5625 0 VT FACILITY GRANT SUZY'S LITTLE PEANUTS DAY SCHOOL LLC 326 RANDALL HILL ROAD SPRINGFIELD VT 05156 471449529 28500 0 VT FACILITY GRANT THE BALANCING ACT ENRICHMENT CENTER 2 CORPORATE DRIVE ESSEX VT 05452 201956041 10090 0 VT FACILITY GRANT THE GROWING TREE LLC 211 PINE LN SALISBURY VT 05769 992319558 45000 0 VT FACILITY GRANT THE LEARNING TREE CHILD CARE CENTER 30 GIBSON DRIVE ENOSBURG FALLS VT 05450 931368109 30000 0 VT FACILITY GRANT THE MILL SCHOOL 2033 SOUTH ROAD WOODSTOCK VT 05091 882402368 18750 0 VT FACILITY GRANT VIP ROOTS CHILD DEVELOPMENT CENTER 402 WATER TOWER CIRCLE COLCHESTER VT 05446 030231253 45000 0 VT FACILITY GRANT WINDSOR EARLY CHILDHOOD EDUCATION CENTER DBA BRIDGING THE GAP 20 BRIDGE ST WINDSOR VT 05089 451477585 16934 0 VT FACILITY GRANT WOODSTOCK COMMUNITY PLAYSCHOOL INC 281 BARNARD ROAD WOODSTOCK VT 05091 030341034 7500 0 VT FACILITY GRANT MN COMMUNITY PARTICIPANT STIPEND 5 25000 MN FACILITY REVITALIZATION GRANT 15 9700 MN TECHNOLOGY GRANT 69 50451 OR BUSINESS LEADERSHIP COHORT PARTICPANT STIPEND 19 54910 OR PROVIDER PARTICIPANT STIPEND 6 3602 VT FACILITY GRANT 31 159637 PART I, LINE 2 ORGANIZATIONS FROM THE U.S APPLY FOR A GRANT AND ALL GRANTS ARE REVIEWED PRIOR TO ANY APPROVAL. 0 0 0 0 0 0 0 0 0 GERALD CUTTS PRESIDENT & CEO (FORMER) 0 188495 0 100000 0 0 0 0 0 0 0 288495 0 0 HEIDI HAGEL-BRAID PRESIDENT & CEO 0 195221 0 0 0 0 0 0 0 12641 0 207862 0 0 BEN NICHOLIE COO 0 190079 0 0 0 0 0 2733 0 13620 0 206432 0 0 SUZANNE PEARL MINNESOTA DIRECTOR 0 152193 0 0 0 0 0 2315 0 5265 0 159773 0 0 CHEYENNE MCGREGOR CHIEF ADVANCEMENT OFFICER 0 153838 0 0 0 0 0 0 0 0 0 153838 0 0 HEIDI SCHLUETER PROGRAM DIRECTOR 0 146574 0 0 0 0 0 2252 0 3132 0 151958 0 0 SCHEDULE J LINE 3 ON APRIL 1, 2025, FIRST CHILDREN'S FINANCE (FCF) CREATED A NEW ENTITY CALLED FIRST CHILDREN'S FINANCE GROUP (FCFG) PROVIDING TRAINING AND CONSULTING SERVICES TO CHILD-CARE ENTREPRENEURS, COMMUNITIES AND SYSTEMS WITH REGIONAL OFFICES IN IOWA, MICHIGAN, MINNESOTA, VERMONT, AND OREGON PREVIOUSLY PROVIDED BY FCF. EMPLOYEE AND OFFICERS OF FCFG ALSO ARE COMPENSATED DURING THE YEAR AT FCF. 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 GROUP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 368,134. MANAGEMENT AND GENERAL EXPENSES 81,756. FUNDRAISING EXPENSES 33,162. TOTAL EXPENSES 483,052. COMPUTER SYSTEM SUPPORT: PROGRAM SERVICE EXPENSES 150,930. MANAGEMENT AND GENERAL EXPENSES 32,672. FUNDRAISING EXPENSES 6,908. TOTAL EXPENSES 190,510. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS 5,502,998. PART XII, LINE 2C THIS ORGANIZATION WAS SPLIT APART FROM FIRST CHILDREN'S FINANCE DURING THE FISCAL YEAR. FIRST CHILDREN'S FINANCE 212 THIRD AVENUE NORTH MINNEAPOLIS MN 55401 411694837 SUPPORTING CHILD CARE PROVIDERS MN 501(C)(3) LINE 7 FIRST CHILDREN'S FINANCE GROUP 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 FIRST CHILDREN'S FINANCE S 5502998 BOOK VALUE