Public Charity

FIRST CHILDREN'S FINANCE

FIRST CHILDREN'S FINANCE is a Public Charity headquartered in MINNEAPOLIS, MN. Financial data from the 2025 filing: $9.3M revenue, $10.0M expenses, $7.0M total assets. 30 publicly reported grants to this organization, totaling roughly $6.2M, appear in IRS filings.

EIN: 411694837 MINNEAPOLIS, MN Support N.E.C. NTEE: P19 Latest filing: 2025
Total Revenue$9.3M
Total Expenses$10.0M
Total Assets$7.0M
Grant Records30
Funding Total$6.2M
Filing Years2020–2025

Mission

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.

Where $100 goes at First Children's Finance

How First Children's Finance divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$89 Programs the work itself
$8 Management running the organization
$3 Fundraising raising the next dollar

Inside the $89 for programs

$79
1
88% of program spending · Reported in the filing: 3,367 businesses; 53 programs
$10
Financial assistance community development financial institution (cdfi) loan fundas a certified community development financial institution (cdfi), First Children'S Finance (fcf) provides flexible, mission-driven capital to child care businesses…
12% of program spending · Reported in the filing: 41 loans; 406 jobs; 4,296 jobs
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR (FORMER) Alicia Butler Pierre
DIRECTOR OF NATIONAL INIATIVES (FORMER) Anne Mcsweeney
COO Ben Nicholie
CHIEF ADVANCEMENT OFFICER Cheyenne Mcgregor
BOARD CHAIR Dafina Williams
DIRECTOR (FORMER) David Arens

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$5,504,755 11 grants
Economic Development
$333,333 9 grants
Health & Medicine
$225,000 2 grants
Human & Social Services
$145,000 5 grants
Civil Rights & Social Justice
$20,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $9.3M $10.0M $7.0M
2024 $30.3M $31.5M $15.8M
2023 $29.3M $23.1M $15.1M
2021 $4.1M $3.0M $8.2M
2020 $4.3M $2.5M $6.8M

Between 2020 and 2025, reported annual revenue grew from $4.3M to $9.3M (+113%), with total assets most recently reported at $7.0M.

Interactive year-over-year charts and full filing details available with membership.

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