Minneapolis, MN

FIRST CHILDRENS FINANCE

EIN 41-1694837

Education & Youth Development Early Childhood & Preschool Children & youth Low-income Communities of color Rural communities

Mission

First Children’s Finance helps children, families, and communities thrive by increasing the availability, affordability, and quality of early care and education.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

Claim this page Visit www.firstchildrensfinance.org

About FIRST CHILDRENS FINANCE

First Children’s Finance (FCF) is a national nonprofit and Community Development Financial Institution (CDFI) based in Minneapolis, Minnesota that provides loans, business consulting, training, and systems-level consulting to strengthen child care businesses and expand high-quality early care and education. FCF combines mission-driven capital with sector-specific business assistance to stabilize, improve, and grow child care providers that serve low- and moderate-income families. The organization operates regional offices (including Minnesota, Iowa, Michigan, Oregon, and Vermont) and delivers state and national consulting, grant administration, and targeted programs for communities and tribal nations. In recent years FCF has scaled both its loan fund and its training/technical assistance work: in fiscal year 2024 it reported thousands of client engagements, generated new child care capacity, and administered multi-state grant and revitalization programs to preserve and create child care slots and jobs.

Notable achievements

Certified CDFI focused on child care

FCF is a federally certified Community Development Financial Institution and is the only CDFI in the U.S. whose lending portfolio is exclusively child care businesses, providing mission-driven capital tailored to family child care homes and child care centers.

FY24 national impact in new child care capacity

In fiscal year 2024 FCF reported creating 5,743 new child care slots through its business and loan clients and engaged 3,367 business clients nationwide through loans, training, and consulting.

Large-scale Minnesota grant and preservation work (2023–24)

During 2023–24 FCF delivered facility revitalization grants to 1,818 child care business owners totaling more than $16 million, provided nearly $225,000 in Access to Technology grants to 247 providers, and its Loan Fund provided over $1.7 million in financing to 72 Minnesota child care businesses.

At a glance

Total assets: $7.0M
Annual revenue: $9.3M
Tax status: 501(c)(3)Public charity
EIN: 41-1694837
Location: Minneapolis, MN
Website: www.firstchildrensfinance.org
On Mahalo since: September 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Federally certified Community Development Financial Institution (CDFI) with recognized CDFI Fund awards.

Charity evaluator recognition for strong accountability and finance practices (four-star/high accountability profile).

Frequent partner to state governments and foundations on child care infrastructure, grant administration, and systems work across multiple states.

Is this your organization?

Claim this page to keep it current — add your logo, publish campaigns, and reach the donors and advisors discovering you on Mahalo.

Claim this page