Human Services
First Childrens Finance
MINNEAPOLIS, MN
Total revenue
$30.3M
Total expenses
$31.5M
Net assets
$8.9M
Grants received
$6.4M
28 grants
EIN
411694837
Tax year
2023
Mission
First children's finance helps children, families and communities thrive by increasing the availability, affordability and quality of early care and education.
Programs
1 program
Technical assistancecomprehensive business services to child care entrepreneurs: first children's finance provides comprehensive business development services to child care businesses. First children's finance's staff provides training, one-on-one consultation to eligible child care owners and operators through all stages of the business life cycle, including start-up, crisis management, growth or expansion, and succession planning. Fcf also provides limited grant programs, in collaboration with state governments, providing non-recourse capital for child care programs to make facility improvements. Fcf's business-focused services are designed to build the capacity of child care entrepreneurs many of whom are women to create sustainable businesses that are positioned to serve low and moderate-income children.community consultation: first children's finance provides consultation to communities of all types to increase the supply of sustainable child care that meets families' needs for excellent care. Communities are uniquely positioned to leverage assets that impact the sustainability of existing child care businesses and to subsidize the supply of child care slots needed for a robust local economy and healthy community. Fcf provides customized consultation, training, and technical assistance to communities across the country. Child care systems programs and services: first children's finance partners with state and federal systems to improve the sustainability of child care businesses. Child care is an essential public good that is largely delivered outside of the public infrastructure. The current "non-system" fails to address the business and finance needs of child care businesses. Fcf connects child care business needs with systems-level solutions. Fcf assists state, tribal, and federal agencies to plan comprehensively for policies and funding that impact the sustainability of child care businesses.in 2024, first children's finance facilitated 1,761 hours of business leadership cohorts, offering invaluable guidance to emerging leaders. Additionally, our team provided 5,060 hours of one-on-one business consultation, ensuring personalized support for entrepreneurs. Fcf also dedicated 2,442 hours to offering technical assistance to child care entrepreneurs and communities. Additionally, fcf conducted 123 community consultation projects across four states.
Financials
FY 2023
Revenue
Expenses
People
18 listed
GERALD CUTTS
PRESIDENT/CEO (FORMER)
$156K
40 hrs/wk
VANESSA GARCIA GUTIERREZ
CFO (FORMER)
$130K
40 hrs/wk
HEIDI HAGEL-BRAID
CPO
$123K
40 hrs/wk
SUZANNE PEARL
MINNESOTA DIRECTOR
$122K
40 hrs/wk
BEN NICHOLIE
INTERIM CFO/COO
$110K
40 hrs/wk
CHEYENNE MCGREGOR
CHIEF ADVANCEMENT OFFICER
$32K
1 hrs/wk
MARIA REGAN GONZALEZ
DIRECTOR
—
1 hrs/wk
SUZANNE HUMBERT
CHAIR
—
1 hrs/wk
DAVID ARENS
DIRECTOR
—
1 hrs/wk
PATRICK SKILES
TREASURER
—
1 hrs/wk
ROGER NEUGEBAURER
DIRECTOR
—
1 hrs/wk
WALTER GILLIAM
DIRECTOR
—
1 hrs/wk
ELIZABETH DAVIS
SECRETARY
—
1 hrs/wk
EDITH JOHNSON
DIRECTOR
—
1 hrs/wk
NICOLE BARCLIFF
DIRECTOR
—
1 hrs/wk
KELLEY ELKIN
DIRECTOR
—
1 hrs/wk
HEIDI SCHLUETER
IOWA REGIONAL DIRECTOR
$111K
40 hrs/wk
ERICKA WARMACK
LENDING DIRECTOR
$107K
40 hrs/wk
Independent contractors
CDW LLC
TECHNOLOGY SERVICES
Grants received
Showing 28 of 28
Funded by
$6.4M from 18 funders · 28 grants · 2017–2024
$5M · 1 grant · 2022
$600K · 3 grants · 2019–2021
$175K · 1 grant · 2020
$125K · 2 grants · 2021–2022
$100K · 2 grants · 2018–2020
$60K · 2 grants · 2018–2020
$50K · 1 grant · 2024
$50K · 1 grant · 2020